Simpliride, a driver-led ride-hailing platform, has launched in Lagos, Abuja, and Port Harcourt, offering a subscription-based alternative to Uber and Bolt. The initiative marks a major shift in Nigeria’s gig economy, empowering drivers with better pay and protections.
Kenya's Nairobi Securities Exchange is partnering with Canadian blockchain firms to launch the Kenya Digital Exchange (KDX) a regulated platform for tokenizing real-world assets. This bold move aims to transform Africa’s financial markets through blockchain innovation.
Tunisian authorities have suspended Bolt over allegations of money laundering and tax evasion, freezing $3.8 million in accounts. The move raises concerns over ride-hailing regulations in North Africa as Bolt challenges the decision.
dLocal has partnered with Airtel Kenya to enable Airtel Mobile Money payments on Google Play, expanding digital accessibility in Kenya. This move strengthens dLocal’s presence in emerging markets and enhances financial inclusion.
Nairobi-based logistics startup Leta has secured $5 million in seed funding to expand its AI-driven optimization platform. With backing from Speedinvest and Google’s Africa Investment Fund, Leta aims to reduce logistics costs and improve supply chain efficiency across Africa.
Yango Group, a global tech company, has introduced Yango Ventures, a $20 million corporate venture fund aimed at supporting early-stage startups across Africa and other emerging markets. The fund seeks to drive innovation in O2O services, B2B SaaS, and fintech while offering mentorship and strategic support.
