What we know about the Zimbabwean gold-backed digital currency

Zimbabwe has launched a gold-backed digital currency. It will be used as legal tender alongside the Zimbabwean dollar.

FEC approves use of blockchain in Nigeria

Nigeria's federal executive council has approved the national policy on blockchain. Through the policy, the country will develop regulatory framework to govern the adoption of the technology.

What the leadership changes at Microsoft Africa means

Microsoft has appointed Lillian Barnard to lead its African operations as part of its efforts to accelerate digital transformation on the continent.

Nigeria is scouting tech startups that will pitch at GITEX Africa

In collaboration with the Dubai World Trade Centre, NITDA has commenced the selection of eight Nigerian startups that will pitch at GITEX Global events this year.

Lagos wants to use 12,000 electric buses for mass transit by 2030

The Lagos state government has partnered with Oando and EV manufacturer, Yutong to put 12,000 electric buses on Lagos roads by 2030. The first set of the buses have been delivered.

Nomba, an African fintech raises $30 million pre-series B

Nomba (formerly Kudi) has secured $30 million pre-Series B to expand its payment solutions for African businesses.

Raise gets Carta’s backing to build Africa’s equity management platform

Carta, an equity management platform that was last privately valued at $7.4 billion has backed Raise in an undisclosed deal. It is the US-based companies first African investment.

Hover transitions to an open source community

Due to its inability to raise additional funding, Hover—the parent company of Stax, says instead of shutting down, it is transitioning from a "full-time team to an open source community".

Smile Identity acquires Appruve, to expand its ID verification offering across Africa

Leading KYC compliance and ID verification platform, Smile Identity has acquired Inclusive Innovations, the parent company of Appruve, a Ghana-based ID verification provider, in an undisclosed deal.

Bill & Melinda Gates Foundation-backed i3 initiative announces application for 2nd cohort

Investing in Innovation Africa (i3), a pan-African initiative for start-ups building the future of healthcare supply chains, is calling for leading innovators to join its second cohort.

Payday announces partnership with SpaceX’s Starlink in Rwanda

Payday and Starlink operations in Rwanda will make digital banking accessible to all remote workers & professionals on the continent while ensuring access to fast and reliable internet connection.

Starlink didn’t apply for licence in South Africa, Comms Minister says

The South African government has disclosed that Starlink has not applied for operating licence in the country. Opposition party says its due to unfavourable regulations.