FrontEnd Ventures to back Kenyan founders with its $5 million VC fund

FrontEnd Ventures, a Kenya-focused venture capital fund has closed its initial $1 million VC fund to provide funding for early-stage founders in the East African country.

Bizao secures €8 million series A for pan-African expansion

Bizao has secured €8 million series A funding to accelerate its expansion across the continent

Smart residency identification card introduced in Lagos

The Lagos State Government has launched an upgraded smart and multi-purpose resident identification card.

Senate passes the Nigeria Startup Bill

The Nigerian Senate has passed the Nigeria Startup Bill (NSB) to create and develop an enabling environment for technology-enabled startups in the country.

How Bloom’s $6.5 million Seed will drive Visa card adoption in Anglo-East Africa

Bloom, Sudan's first YC-backed startup has secured a $6.5 million seed to expand across the Anglo-East African region.

Cassava secures $50 million to enable cybersecurity in Africa

Cassava Technologies (Cassava) Africa’s first integrated tech company of continental scale has secured a $50 million investment from C5 Capital.

Nigerian-led Ping Express fails to prevent laundering, faces 5-year probation in the U.S

Two US-based Nigerian fintech executives pleaded guilty to failure to maintain an effective anti-money laundering policy.

Seamfix launches personal NIN verification service

Personal NIN service is developed to allow users check for the validity of their NIN and confirm their registration details all by themselves.

Kora debunks money laundering allegations in Kenya

Kora has denied the allegations that it was involved in a money laundering scheme in Kenya.

TikTok launches in-app guide to curb misinformation ahead of Kenyan elections

TikTok has launched an in-app guide to enable access to factual and authoritative information ahead of Kenya's general elections in August.

CV Labs launches hub in South Africa, to drive blockchain adoption in Africa

Crypto Valley Venture Capital has launched CV Labs Cape Town, the African region's first in situ blockchain incubation and ecosystem hub

Bloc acquires Orchestrate to power payment infrastructure in Africa

Bloc, Nigeria’s full-service FinTech and Banking as a Service (F/BaaS) infrastructure provider, announces its acquisition of Getwallets, the wallets-as-a-service provider that has now pivoted to become a payments orchestration company, Orchestrate.