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Funding

ORA Technologies bags $1.9M to expand Morocco’s consumer tech ecosystem

With 92.2% internet penetration and 54.9 million mobile connections, Morocco is ripe for fintech growth. ORA Technologies’ $4.4M funding and 300K downloads signal investor confidence in local tech.

News

B2B payment platform Nilos expands to West Africa, promising faster and cheaper cross-border payments

Founded in 2021 by Raphael Fettaya and Eytan Messika, Nilos set out to simplify financial operations for businesses operating in multiple currencies. T

News

Tizeti accelerates West African expansion with fiber deployment

"In areas where we have unlimited internet service; we have achieved a minimum of 80% penetration in all communities," said founder and CEO of Tizeti, Kendall Ananyi

News

Chowdeck restructures workforce amidst Ghana expansion Plans

CEO Femi Aluko explained that teams that once needed 24 people to function can now run smoothly with just two, thanks to new efficiencies.  

News

FCCPC sues MultiChoice over subscription price hike

FCCPC has sued MultiChoice Nigeria for defying regulatory orders and increasing DStv and GOtv subscription prices, sparking a legal battle over consumer rights.

Exclusive

EXCLUSIVE: Nigerian ride-hailing drivers launch SimpliRide to challenge industry giants

Drivers believe an indigenous app will be more attuned to their specific needs.

News

EMOSIM and Tata Communications enable borderless eSIM access for Nigerian travelers

The EMOSIM Travel eSIM promises to provide digital onboarding and real-time support for your adventures in the UK, US, and Canada.

News

LoftyInc secures $43 million first close for new Africa seed fund

The Alpha Fund is designed to build on insights from previous funds. It will focus on seed investments that enable entrepreneurs to build resilient companies and achieve scalable growth.

Fintech

Nigeria ends 13-year Remita partnership, launches new treasury system

While the company has demonstrated resilience in the past, including surviving a Senate probe in 2016, the loss of this major government contract will undoubtedly impact its revenue streams

News

MTN Nigeria 2024 losses widen to ₦400 billion in two years

Fintech revenue grew to ₦106 billion, with a 46.6% drop in active mobile money wallets.

News

Coinbase Wallet integrates Onboard P2P for KYC-free crypto purchase in Nigeria

This partnership advances Coinbase's 'Go Broad, Go Deep' strategy, creating a regulatory-compliant way to serve Nigeria's growing cryptocurrency market.

News

Oze raises undisclosed round from Visa, and German DFI, DEG

Ghana's Oze announces new funding round following investment from Visa, DEG and existing investors. It plans to build 100M profitable SMEs in Africa.

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