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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.
Oneal Bhambani has stepped down from his position as chief financial officer at Flutterwave, just over a year after joining the company.
Fez Delivery has launched electric bikes to provide a cleaner, more economical, and efficient solution for goods transportation in Nigeria.
Kenya, Zambia, and other African nations are establishing smartphone manufacturing facilities to improve affordability.
Pan-African venture capital firm, Norrsken22 has closed its $205 million Africa Tech Growth Fund to back fintech, edtech and healthtech startups.
mPharma, a Ghanaian healthtech company, has restructured its approach in the wake of the layoffs it implemented in September, which now entails discontinuing remote work.
Pan-African fintech company, MFS Africa has rebranded to Onafriq as part of its evolution, and also due to trademark challenges in America.
BluePeak Private Capital, a private capital firm, has closed its flagship fund at $156 million to support scalable businesses in Africa.
Egyptian healthtech, Almouneer has raised a $3.6 million seed to address the growing prevalence of diabetes and obesity in Africa.
Kenyan B2B e-commerce startup, MarketForce, is set to broaden its presence by entering the country's social commerce market.
X, formerly Twitter, now offers audio and video calling as part of its transformation into an "everything app."
Nigerian Banks such as Fidelity and Standard Chartered have imposed transaction restrictions on neobanks like Moniepoint, Kuda, Opay, and PalmPay, citing mounting concerns over fraud.
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