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Stitch launches Linkpay to enable tokenised and secure one-click payments

With Stitch LinkPay, businesses in South Africa and Nigeria can enable users to link their financial accounts and pay securely via instant bank transfer, in seconds.

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Startup Incubators

Incubators focus on startups who have disruptive ideas. They help flesh out these ideas and provide the right environment, resources and people to make the idea blossom to a profitable business.

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Equiano lands in Lagos, set to boost internet connectivity and slash prices

Google and cable landing partner WIOCC has announced the landing of the state-of-the-art Equiano subsea cable in Lagos, Nigeria.

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Huawei partners Kenya Government to expand the country’s digital infrastructure

The partnership will see 43,000km of fibre cable rolled out to help promote connectivity through the expansion of the country's broadband infrastructure.

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African Development Bank approves €9.8m to support venture capital investments in African startups

The Board of Directors of the African Development Bank has approved an equity investment of €9.8 million to support venture capital investments in African start-ups, from seed to growth stages.

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ETAP secures $1.5 million pre-seed funding to drive car insurance penetration in Africa

ETAP, an insurtech startup that makes it easier to buy and claim insurance, has secured $1.5 million in pre-seed funding to grow its team and drive the adoption of much-needed car insurance across Africa.

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Uber halts operations in Tanzania, cites tough regulations

Uber has suspended its operations in Tanzania due to the tough regulatory environment in the East African country.

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TeamApt’s Moniepoint evolves into a business bank

Moniepoint is poised to empower Nigerians to manage, protect, and grow their businesses.

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Luno surpasses 10 million customers, continuing its global momentum with 35% YoY growth

Africa is one of Luno’s strongest markets, over 55% of the new customers added in the last 6 months are based on the continent.

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MTN Nigeria’s Momo Payment Service Bank to commence operations following CBN’s final approval

The Central Bank of Nigeria (CBN) has granted MTN the final approval to operate as Momo Payment Service Bank Limited (Momo PSB).

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MainOne to expand MDXI, its data center business across West Africa

MainOne has announced plans to expand its data center business, MDXI into new territories across West Africa

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The Bank of Ghana prohibits the unauthorised use of foreign currencies for transactions

The Bank of Ghana (BOG) has issued a reminder warning citizens, and companies to stop transacting business, pricing goods and services and advertising in foreign currencies.

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