“An App impersonated us,” Sycamore reacts to FCCPC delisting, distances itself from “Get Loan”

Following FCCPC's delisting, Nigerian fintech Sycamore says it was impersonated by a predatory lender named “Get Loan”.

Inside Nigeria and Egypt’s fintech alliance to deepen cross-border regulations

The regulators of Africa's leading fintech markets, Egypt and Nigeria have signed a deal to deepen cross border regulations in both countries.

Flutterwave partners with THE DIVE 2023 to unite top product leaders for inaugural event

The DIVE 2023, Africa's premiere conference on product leadership, is delighted to announce Flutterwave, Africa's leading payments' technology company, as its headline sponsor.

MyCover.ai secures $1.25 million pre-seed funding

Ventures Platform leads venture funding to bolster in-house operations, tech talent, invest in its technology and expand into other African markets.

Starlink launches in Kenya as Safaricom gears up for competition

Starlink is now available in Kenya, with Karibu as its authorised reseller in the country. Safaricom says it intends to launch a Starlink competitor in the coming months.

Kenyan content moderators behind ChatGPT ask Parliament to probe Open AI and Sama

Content moderators have asked the Kenyan Parliament to probe Open AI and Sama over alleged exploitation of workers who worked to clean ChatGPT of toxic content.

International flight tickets to sell at ₦803/$1 in Nigeria, IATA says

Starting Tuesday (July 18, 2023), the International Air Transport Association (IATA) has adjusted the exchange rate for flight tickets from ₦776.90/$1 to ₦803.90/$1, Nairametrics exclusively reported on Monday.

Egyptian fintech startup, Flash, secures $6 million seed round to revolutionise cashless payments

Egyptian fintech Flash, raises $6 million seed round to revolutionise cashless payments after securing Central Bank of Egypt approval as technical payment aggregator in partnership with Banque Misr

Africans will pay more for UK visa fees and health surcharge

UK Prime Minister Rishi Sunak has increased visa application fees and health surcharge paid by immigrants, including Africans to enable the country to fund its public sector.

Wema Bank increases foreign currency spending limit on Naira cards

Wema Bank has resumed international transactions on naira cards, the bank has also increased its monthly spending limit to $500.

Access Bank wants to acquire StanChart’s Sub-Saharan Africa subsidiaries

Access Bank has completed talks for the acquisition of Standard Chartered Bank's subsidiaries in Africa. The deal is pending regulatory approval and will be completed in 2024.

CBN to halt controversial social media KYC requirement

The House of Representatives has adopted a motion asking the Central Bank of Nigeria to suspend the implementation of the social media KYC requirement that was introduced last month.