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ARM Labs Lagos Techstars Accelerator admits 12 African startups

For its inaugural batch, ARM Labs Lagos Techstars Accelerator has admitted 12 African startups from Nigeria and Kenya.

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Kenya licenses 12 more digital credit providers — making it 22

The Central Bank of Kenya has issued digital credit providers' licences to 12 more lenders in the digital loans market, taking the number of licensed digital lenders to 22.

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GetEquity is raising $100K at a valuation of $10M from retail investors

About a year after closing a six-figure pre-seed round led by GreenHouse Capital, GetEquity is raising $100,000 from retail investors on its platform at a $10 million valuation.

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Mafab launches 5G network in six Nigerian cities

Mcom, formerly Mafab has launched its 5G network across six Nigerian cities but the network is not commercially available yet.

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106 digital lenders are now licensed to operate in Nigeria

Following the introduction of the digital lending regulatory framework in August 2022, the Federal Competition and Consumer Protection Commission (FCCPC) has approved the operation of 106 digital lenders in Nigeria.

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Kenyan court rules in favour of M-Pesa to Bank transfer charges

Safaricom and Kenyan banks have been allowed to charge for M-Pesa to bank transactions, according to a new court order.

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Fincra is now an authorised payment service solution provider in Nigeria

The Central Bank of Nigeria has issued Fincra a commercial licence to operate as a Payment Service Solution Provider (PSSP).

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Native Teams expands into Nigeria to enable payments for freelancers and remote workers

UK-based work payments platform for freelancers and remote workers, Native Team has expanded its operations into Nigeria.

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Carry1st secures $27 million pre-series B from top global web3 and gaming VCs

South Africa's Carry1st raised a $27 million pre-Series B from Bitkraft Ventures, a16z and Konvoy Ventures to drive mobile gaming adoption on the continent.

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Kwara secures $3M seed extension, to digitise more Kenyan credit unions

Kenyan fintech, Kwara has secured a $3 million seed extension to digitise more credit unions in the East African country.

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Elon Musk’s Starlink to launch in Kenya this year

How does Elon Musk’s Starlink compare with Kenya current internet providers as it announces its launch in the country?

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Meet the African startups in YC 2023 winter batch

These African companies are participating in Y Combinator's 2023 winter batch.

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