Ghana warms up to regulating crypto

Ghana is gearing up to be one of the next African countries to formally regulate cryptocurrencies.

BD Insider: Why African fintechs are dropping virtual cards

The once obvious strategy of offering virtual cards is no longer as clear-cut for African fintechs.

Userguest, Morroco’s hospitality-focused startup secures $2.4 million to fuel expansion

Userguest has recently secured $2.4 million in funding to drive its expansion and fuel its product innovation across Africa

BD Insider: Safaricom’s response to Starlink

In today’s midweek update, we look at; Safaricom’s response to Starlink, OpenAI’s CEO joins forces with former Apple executives for new AI device company, Meta faces legal challenges in Kenya over content moderator layoffs.

Uber and Bolt drivers deal with this one-year-old Nigerian Fintech startup signals driver autonomy

The move comes at a time when ride-hailing drivers in Nigeria are facing increasing challenges.

Transsion CFO released from custody amid uncertainty

Although Xiao’s release brings some relief, the company remains in a precarious position

Ghanaian clean-tech startup, Kofa raises $5 million funding via SPV

Kofa Technologies has recently announced a $5 million fund raise via SPV to expand its battery swapping network with more stations in Ghana

Amid headwinds, Ethiopia’s ban on petrol cars causes EV takeup

With just 1.2M cars, it restricts gas-powered autos through high taxes, aiming to increase public transport and EV adoption amid low car ownership

BD Insider: CBN’s bold push for eNaira

In today’s midweek update, we look at; Central Bank of Nigeria to expand eNaira adoption, CFO of Africa’s largest smartphone maker detained amidst financial challenges, M-KOPA ordered to pay taxes in Kenya.

SA’s top digital bank grabs $9.5 million local backing for int’l drive

TymeBank's Singapore-based Holdco, Tyme Global, already making impressive strides in the region, spearheads its global push

CFO of Africa’s largest smartphone maker detained, under investigation in China

Xia has been key to financial growth for over a decade; under his stewardship, the firm IPO'd in 2019 and expanded across Africa and other emerging markets

Kenya’s satellite internet debate is taking a legal turn

Clash over Starlink intensifies as Kituo cha Sheria sues Safaricom and regulators. The outcome could reshape Kenya's internet landscape and regulatory approach.