Nigerian fintech startups, Kora and Kandon cleared of money laundering allegations in Kenya

Following investigations by Kenyan authorities, Nigerian fintech startups, Kora and Kandon have been cleared of money laundering allegations.

Pivo Africa secures $2M seed to expand into East Africa

Globally, small and medium enterprises (SMEs) account for 90% of businesses and 50% of employment, according to the World Bank. As of 2020, Nigeria's Small and Medium Enterprises Development Agency (SMEDAN) estimated that there are approximately 39.6 million MSMEs in Nigeria.

Stitch expands into additional payment methods with Direct Deposit

Businesses in South Africa can now accept Instant EFT and manual EFT payments, and reconcile transactions in one place, through the Stitch API

Ukheshe and Coinvest partner to provide financial aid for students in South Africa

Ukheshe, a South African financial service enabler, and Coinvest have joined forces to assist students in South Africa with funds to obtain quality education.

South African home cleaning company, SweepSouth pauses operations in Nigeria and Kenya

South African home cleaning company, SweepSouth has indefinitely paused its operations in Nigeria and Kenya.

LoftyInc Capital closes third fund at $14.3 million

Pan-African VC firm, LoftyInc Capital Management has closed its LoftyInc Afropreneur Fund 3 (LAF3) at $14.3 million.

Twitter’s Africa HQ employees ask Elon Musk to obey Ghana’s labour laws

Former employees of Twitter in Africa have accused Elon Musk of flouting Ghana's labour laws following the mass layoff at the Accra-based office.

Autochek launches fintech arm to accelerate vehicle financing in Africa

Autochek has launched a financial services arm to focus on providing a range of vehicle financing solutions for consumers and businesses in Africa.

Kenya wants to regulate and tax the crypto industry

Amidst the global crypto market downturn, Kenya wants to regulate and also tax its crypto industry.

Why Jumia is suspending its loyalty subscription offering

African e-commerce company, Jumia has suspended Jumia Prime, a subscription-based delivery service providing customers with free shipping on its marketplace.

Twiga Foods lays off 21% of its employees

Twiga has laid off 211 of its full-time employees as a result of restructuring. This has eliminated the startup’s in-house sales team.

Inside the “Ethereum Climate Platform” launched at COP27 to address carbon emissions

Leading technology companies have collectively launched “Ethereum Climate Platform” initiative to address Ethereum’s former proof of work carbon emissions