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The Egyptian fintech and e-commerce company secured over $400 million in equity and debt financing from local and global investors.
In BD Insider, Letter 147, we examine licensed digital lenders in Nigeria, the amendment in Kenya's employment bill and the Nigerian trade union of Bolt, Uber and e-hailing drivers
For its inaugural batch, ARM Labs Lagos Techstars Accelerator has admitted 12 African startups from Nigeria and Kenya.
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.
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.
Mcom, formerly Mafab has launched its 5G network across six Nigerian cities but the network is not commercially available yet.
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.
Safaricom and Kenyan banks have been allowed to charge for M-Pesa to bank transactions, according to a new court order.
The Central Bank of Nigeria has issued Fincra a commercial licence to operate as a Payment Service Solution Provider (PSSP).
UK-based work payments platform for freelancers and remote workers, Native Team has expanded its operations into Nigeria.
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.
Kenyan fintech, Kwara has secured a $3 million seed extension to digitise more credit unions in the East African country.
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