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

BD Insider 222: Uber in talks to invest ~$100 million in Moove

Inside: BDC reforms in Nigeria, Kenya's national digital ID programme and the truth about Gmail.

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.

Verod buys i-Fitness stake for $12 million in PE Shuffle

West African private equity firm Verod has acquired a 65% stake in Nigeria's leading fitness chain i-Fitness from CardinalStone in a $12 million deal.

A fresh crypto crackdown is brewing in Nigeria

Special Adviser on Information and Strategy to the President Bola Tinubu administration called on the central bank to ban some exchanges

Meet the Africans behind Ocular AI: The startup making history at Y Combinator

Silicon Valley startup Ocular AI, founded by a Zambian and Zimbabwean software engineer duo, has been selected for the Y Combinator Winter 2024 batch.