Bank of Ghana launches Regulatory and Innovation Sandbox

Bank of Ghana has launched its Regulatory and Innovation Sandbox developed in collaboration with EMTECH Solutions Inc.

Omnibiz raises $15 million pre-Series A led by Timon Capital

Omnibiz will use the funding to double down on winning the loyalty of retail customers and driving their retention.

Microtraction closes $15M Community Fund to invest in early-stage African startups

Microtraction has closed the first round of its $15 million Community Fund to invest in early-stage African startups

Nigerian fintechs to block predatory digital money lenders

The Federal Competition and Consumer Protection Commission (FCCPC) has ordered all financial technology companies (FinTechs) to stop providing payment or transaction services to digital money lenders under its investigation.

MTN to achieve internet speed of 25mbps by 2025 in Nigeria

The collaboration between FG and MTN will be critical in achieving 70% internet penetration by 2025, according to the General Manager, Fixed Broadband, MTN, Onyinye Ikenna-Emeka

Lori Systems secures its pre-Series B from Google and other investors

Google has joined existing investors to invest in Lori Systems' "undisclosed pre-Series B round".

Togo set to host UNECA’s African Cybersecurity Centre

As a central regional hub for cybersecurity information and intelligence based in Lomé (Togo), the centre will act independently and objectively in expertise and activities related to promoting cybersecurity and the investigation of cybercrime.

FACT CHECK: Bank of Ghana did not prohibit the opening of dollar accounts

The Bank of Ghana stated that it had not issued any directive to local banks to stop opening new dollar accounts

SMEs can access MTN free data bundle to build capacity

MTN Nigeria partnered with reputable organisations that already provide free focused developmental content and solutions for small businesses.

Ghana’s Float acquires Nigeria’s Accounteer in an undisclosed deal

Accounteer was founded in 2015 by Merijn Campsteyn to allow users to create invoices, track expenses and register payments, among other things

Mdundo records 20 million active users across Africa in June 2022

Mdundo, an African music streaming platform recorded 20.3 million monthly active users in June 2022, a 74% growth compared to June 2021.

Meet Kuda’s two new C-level executives—Pavel Khristolubov (COO) and Elena Lavezzi (CSO)

After blitzscaling in Nigeria, Kuda bank is looking to replicate its success in other international markets. The London-based startup has hired a new COO and a CSO to secure its expansion.