Nestcoin raises $1.9 million to build Onboard, its non-custodial crypto wallet

Nigerian crypto and Web3 startup, Nestcoin has raised $1.9 million in a strategic round to fuel the growth of its new product, Onboard Wallet.

BD Insider 187: Inside Project Kuiper, another Starlink competitor in Africa

Itana (formerly Talent City) has secured $2 million pre-seed. We covered this and the planned launch of Project Kuiper satellite internet service, a competitor to Starlink in Africa.

Itana (fka Talent City) raises $2M pre-seed to build Africa’s first digital free zone

Itana, formerly known as Talent City, has secured $2 million from LocalGlobe, Pronomos Capital, and Future Africa, to build what it describes as “Africa’s first digital free zone”.

Catalyst Fund announces first close of $40M cleantech fund for African startups

Catalyst Fund has closed the first round of its $40 million venture capital fund and accelerator. The fund will be invested into African cleantech startups.

Kotani Pay secures $2M pre-seed to drive offline cross-border crypto payments in Africa

Despite the significant impact remittance has on developing countries, the cost of sending money across borders is still above the United Nations sustainable development goal of 3% with Sub-Saharan Africa having the highest average remittance cost of about 7.8%.

₿trust acquires Qala, an African Bitcoin developer trainer

Jack Dorsey and Jay Z-funded ₿trust has acquired Qala, an African Bitcoin developer trainer in an undisclosed deal. Qala is co-founded by four Bitcoin experts including two ₿trust board members.

Catalyst fund close $40M fund to propel climate innovation in Africa

Africa's pioneer climate tech pre-seed fund and accelerator advances efforts to build a climate-resilient future.

Wasoko expands to the Democratic Republic of Congo

Africa’s largest B2B e-commerce network launches cross-border operations into DRC leveraging its existing e-commerce hub in neighbouring Rwanda.

Okra Solar raises $12M to power mesh-grid electrification in Africa

Cleantech startup, Okra Solar has raised a $12 million Series A to enable mesh-grid electrification in Africa.

BD Insider 186: Why Nigerian telcos may increase tariffs

In this letter, we explored the rising cost of Nigerian telcos’ energy, Uber's first electric bikes in Africa, and Safaricom's plan to introduce standing orders on M-PESA.

BD Insider 185: Piggyvest hits ₦1.1 trillion payouts within six years

“The situation is being handled,” according to investors at Float. We also covered the payouts made by Piggyvest since 2016.

Kenyan blockchain experts are challenging the legality of the crypto tax

Blockchain Association of Kenya has moved to court to challenge the legality of the digital asset tax introduced by the Kenyan government through the 2023 Finance Act..