Justina Salami

Safaricom names Boniface Mungania as CFO

Safaricom has confirmed Boniface Mungania as its Chief Financial Services Officer, effective November 1, 2026. He has held the role in an interim capacity since July.

Yellow Card acquires GoMoney to open direct operations in Brazil

Yellow Card has acquired GoMoney, a Brazilian virtual asset service provider, to set up direct operations in Brazil. GoMoney’s full central bank authorisation is still pending.

Canva slashes 22% of jobs to restructure company 

Canva says 1,271 people will be affected by a restructure that changes roles, moves some staff to hubs and ends some jobs. Here is what it could mean for Africa.

Zepz appoints Steven Eisenhauer as chief risk and compliance officer

Zepz, parent company of WorldRemit and Sendwave, appoints Steven Eisenhauer as Chief Risk and Compliance Officer.

NALA hires former TerraPay executive Ashraf Aly as global head of compliance and risk

Ashraf Aly, who most recently led compliance at TerraPay, has joined NALA as Global Head of Compliance & Risk. He will oversee compliance across NALA, Rafiki and its MLROs in the UK, EU, US and Canada.

Rise of Fearless raises $1 million ahead of a relaunch

Rise of Fearless, a mobile battle royale inspired by the Battle of Adwa, has raised $1 million via a SAFE from Epic Edges Capital. Founder Kanessa Muluneh plans to relaunch the game after an upgrade.

Grey secures IMTO licence as Nigeria’s remittance sector gets new competition

Grey has secured an International Money Transfer Operator licence from the CBN. It joins a field that has grown from under 15 operators in 2016 to over 100.

FirstBank partners electronics retailer Pointek to push its BNPL product

FirstBank has partnered with Pointek to offer phones, laptops and appliances on its FirstEase BNPL product. Repayment runs up to six months at 3% interest.

Maliyo Games, Fer Factor, eight others selected for Google Play Indie Games Fund

Google Play has picked 10 African studios for its first Indie Games Fund. Here’s the full list and what each studio is building.

Flutterwave CEO: Nigeria’s FX stability, grey-list exit and reserve growth unlock Africa–Asia trade

Flutterwave CEO GB Agboola told investors in Beijing that Nigeria’s FX stability, FATF grey list exit and rising reserves are opening Asia trade.

Flourish Ventures backs Madica with $6 million 

Madica has received $6 million from Flourish Ventures to extend its pilot by three years. The program will back 25 to 30 more African startups and track whether overlooked founders can deliver venture returns.

South Africa’s CrissCross lands Circle Ventures investment to push stablecoin payments across Africa 

Circle Ventures has made an undisclosed investment in CrissCross through its parent, Stitch Group. The South African firm will use it to scale stablecoin-powered cross-border payments across Africa.