Shekel Mobility secures $7M to drive vehicle financing in Africa

Shekel Mobility, a B2B trading platform catering to car dealers in Africa, secured a $7 million seed in a round led by Ventures Platform and MaC VC.

Breaking: Visa selects 23 African startups for inaugural fintech accelerator

Anchor, Orda Africa, Dojah, Moni and 19 other African startups have been selected for the inaugural cohort of the Visa Africa Fintech Accelerator.

Flutterwave overcomes legal hurdles in Kenya

Flutterwave, Africa's most valuable startup, has successfully navigated its last legal obstacle in Kenya. On Thursday (Nov. 9, 2023), a Kenyan high court approved the withdrawal of a money laundering case initiated by the country's Asset Recovery Agency (ARA), responsible for investigating and recovering proceeds of crime.

Bolt to halt food delivery in Nigeria

As of December 7, 2023, Bolt Food will cease its operations in Nigeria. Consequently, residents will no longer be able to place orders through the platform.

Paystack partners NIBSS to launch Direct Debit in Nigeria

Nigerian fintech company, Paystack is launching a Direct Debit product in partnership with the Nigeria Inter-Bank Settlement System.

Flutterwave gets IMTO licence to facilitate remittance in Malawi

Pan-African fintech startup, Flutterwave has secured a Malawian International Money Transfer Operator licence.

Kenyan blockchain experts to formulate crypto regulation

The Kenyan legislative has directed the Blockchain Association of Kenya to prepare the initial draft of a Virtual Asset Service Provider's Bill to govern cryptocurrencies.

Gozem acquires Beninese fintech, Moneex to launch MOMO offering in Francophone Africa

Francophone Africa super app, Gozem has acquired Beninese fintech startup, Moneex in an undisclosed deal. This strategic move is poised to enable Gozem to introduce a mobile money service in Togo and Benin.

Flutterwave CFO, Oneal Bhambani resigns amidst IPO plans

Oneal Bhambani has stepped down from his position as chief financial officer at Flutterwave, just over a year after joining the company.

Fez Delivery launches electric bikes to deepen eco-friendly last-mile delivery in Nigeria

Fez Delivery has launched electric bikes to provide a cleaner, more economical, and efficient solution for goods transportation in Nigeria.

African governments turn to low-cost smartphone production to drive access

Kenya, Zambia, and other African nations are establishing smartphone manufacturing facilities to improve affordability.

Norrsken22 raises $205 million to back African fintech and edtech startups

Pan-African venture capital firm, Norrsken22 has closed its $205 million Africa Tech Growth Fund to back fintech, edtech and healthtech startups.