BD Insider 156: Liberia gets $3.9M to modernise its payment infrastructure

We examine the AfDB $3.9 million grant to modernise Liberia's payment infrastructure, the launch of AWS FinTech Africa Accelerator and Nigeria Air's commencement.

Starting April 2023, Twitter’s legacy blue checkmarks will be revoked

Twitter is rolling out the legacy verified program that allows notable individuals to have blue checkmarks next to their names, the checkmarks will only be left for Twitter Blue subscribers.

eNaira transactions surge amidst cash shortage, CBN says

The Central Bank of Nigeria has disclosed that eNaira transactions have experienced growth amidst the ongoing cash crunch in the country. The value of transactions has surged to 63%.

PAYM8 partners with WIZZIT to launch SoftPOS solution in South Africa

Financial gateway service provider, PAYM8, in partnership with WIZZIT, has introduced its Tap-on-Phone SoftPOS solution in South Africa, to offer an alternative to traditional point-of-sale devices.

These Nigerian women talk about balancing their tech careers and motherhood

President Buhari has inaugurated the National Council for Digital Innovation and Entrepreneurship with the mandate to guide the implementation of the Nigeria Startup Act.

Meta faces more trouble in Kenya

Some former employees of Sama in Kenya, Meta's ex-local content moderator have sued both companies over illegal sacking and blacklisting. This is the third time these companies will be sued for issues related to content moderation.

Credable secures $2.5M seed to expand its digital banking offering into Africa

Dubai-based fintech group, Credable has raised a $2.5 million seed round led by a pan-African VC fund, Ventures Platform Fund IV LP.

BD Insider 154: Venture funding in Africa slowed down this month

In BD Insider, Letter 154, we take a deep dive into Nigeria's $618 million tech and creative fund, the state of venture capital on the continent and the latest about Emirates operations in Nigeria.

Amidst SVB exposure, OnePipe closes $4.8M debt funding, downsizes its workforce

Nigerian fintech company, OnePipe has raised a $4.8 million debt financing from TLG Capital, it has also laid off at least ten employees and the executive team has taken a pay cut, according to media reports.

What you need to know about Nigeria’s $618M iDICE fund to invest in startups

The Nigerian government in collaboration with local and international partners have launched a $618 million fund to invest in the country's digital and creative industries.

Flutterwave acquires more fintech licenses in Rwanda

African fintech unicorn, Flutterwave has acquired two additional licenses in Rwanda, three years after it launched operations in the country.

54gene appoints new CEO, plans to raise additional funding

African genomics company, 54gene has appointed Ron Chiarello as its new CEO. Amidst a $100 million valuation slash and job cuts, the company wants to raise additional capital.