eNaira transactions surge amidst cash shortage, CBN says

The Central Bank of Nigeria has disclosed that eNaira transactions have experienced growth amidst the ongoing cash crunch in the country. The value of transactions has surged to 63%.

PAYM8 partners with WIZZIT to launch SoftPOS solution in South Africa

Financial gateway service provider, PAYM8, in partnership with WIZZIT, has introduced its Tap-on-Phone SoftPOS solution in South Africa, to offer an alternative to traditional point-of-sale devices.

These Nigerian women talk about balancing their tech careers and motherhood

President Buhari has inaugurated the National Council for Digital Innovation and Entrepreneurship with the mandate to guide the implementation of the Nigeria Startup Act.

Meta faces more trouble in Kenya

Some former employees of Sama in Kenya, Meta's ex-local content moderator have sued both companies over illegal sacking and blacklisting. This is the third time these companies will be sued for issues related to content moderation.

Credable secures $2.5M seed to expand its digital banking offering into Africa

Dubai-based fintech group, Credable has raised a $2.5 million seed round led by a pan-African VC fund, Ventures Platform Fund IV LP.

Amidst SVB exposure, OnePipe closes $4.8M debt funding, downsizes its workforce

Nigerian fintech company, OnePipe has raised a $4.8 million debt financing from TLG Capital, it has also laid off at least ten employees and the executive team has taken a pay cut, according to media reports.

What you need to know about Nigeria’s $618M iDICE fund to invest in startups

The Nigerian government in collaboration with local and international partners have launched a $618 million fund to invest in the country's digital and creative industries.

Flutterwave acquires more fintech licenses in Rwanda

African fintech unicorn, Flutterwave has acquired two additional licenses in Rwanda, three years after it launched operations in the country.

54gene appoints new CEO, plans to raise additional funding

African genomics company, 54gene has appointed Ron Chiarello as its new CEO. Amidst a $100 million valuation slash and job cuts, the company wants to raise additional capital.

Flat6Labs launches $95M fund to back East and West African startups

Egypt-based VC firm, Flat6Labs has launched a $95 million fund to invest in startups in Sub-Saharan Africa with a goal to back over 170 startups in the next five years.

Why Nigerians will be charged ₦1000 NIN verification fee for passport application

The National Identity Management Commission says Nigerian citizens resident in the country will be charged a ₦1000 fee for NIN verification for each Nigerian passport application.

Y Combinator halts late-stage investment fund, lays off employees

Garry Tan, YC's president has disclosed that the accelerator is shutting down its $700M Continuity Fund targeted at growth-stage startups, this will affect 20% of YC's employees.