Nigeria slaps Binance with $10 billion fine in crypto crackdown

Days after arresting two executives, Nigerian authorities cranked up the pressure on Binance by imposing a $10 billion fine.

Kenya claims Africa’s debut MVNO 5G connectivity network

While it is Africa's first MVNO-backed 5G service, it is the third to make the fifth-gen entry in the Kenyan market

Nigerian debt recovery startup, Bfree secures $2.95 million funding

The company's current loan portfolio stands at over $400 million, out of which it has managed to collect 12.5%.

Gerald Black Appointed Partner at Black Ops, Launches ‘Black Ops Catalyst’, a New Community For Entry And Mid-Level Operators

In a move to strengthen its leadership team and extend its impact across Africa's tech landscape, Black Ops, an invitation-only community built exclusively for top operators with experiences in venture backed startups, proudly announces the appointment of Gerald Black as a Partner.

Binance executives held in Nigeria amid probe into alleged market manipulation

Nigeria's Department of State Security has detained two unidentified executives from the global crypto exchange Binance as the country investigates alleged market manipulation, according to DLNews

Breaking: Binance Nigeria processed $26 billion in 2023, says CBN Governor

The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, recently explained that the restrictions placed on crypto exchanges, like Binance, are intended to limit illegal financial activities conducted through these platforms.

Propel launches Embedded Finance infrastructure for tech talent communities

Propel launches its ‘Embedded Finance’ offering - the first service being a Buy Now, Pay Later (BNPL) feature that will provide tech talent with accessible financing options for essential work tools and resources.

MoneyHash gets $4.5M to fix payment failures in Africa & Middle East

Egyptian fintech startup, MoneyHash, secured $4.5 million in seed funding to bolster its payment orchestration platform across Africa and the Middle East.

How AFCON 2023 scored a 300% revenue boost for content creators

African creators' earnings during the recent African Cup of Nations in Côte d'Ivoire, jumped by 300%, according to StarNews Mobile.

Damage causes outage for Africa’s first subsea cable

The outage has had an impact on some clients’ businesses but the operator has been working diligently to ensure service continuity

Equinix to invest separate $390 million in Africa play

The money plans for investment includes the construction of data centers at its current operations, but excludes plans for additional markets

RightCard (LemFi) doubles down on Bank of Ghana Approval with Nsano partnership

LemFi announces approval by the Bank of Ghana (BoG) to partner with Nsano Limited to deliver money transfer services to Mobile Money Wallets and Bank GAccount Beneficiaries in Ghana.