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.

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.

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.

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.

TeamApt’s Moniepoint evolves into a business bank

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

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.

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).

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

BD Insider, Letter 108: DiDi drives out of South Africa

BD Insider, Letter 108 covers eNaira's rank on the global index of retail CBDCs globally, DiDi's departure from South Africa and the UK's Global Talent Visa.

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.

ImaliPay raises $3m to offer financial services to underserved gig workers across Africa

The new funds injection will go into expanding its 50-man team, boosting its technology and exploring new markets like Ghana and Egypt.

CBN sanctions banks for shielding crypto transactions in Nigeria

The Central Bank of Nigeria (CBN) has fined some commercial banks for failing to comply with regulations that bar customers from transacting in cryptocurrencies.