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The International Finance Corporation (IFC) has launched a $225 million venture capital fund to support early-stage startups in Africa, the Middle East, Central Asia and Pakistan.
The Central Bank of Kenya has authorised Paystack to operate as a Payment Service Provider in Kenya.
Ukheshe, a financial service enabler, and Coinvest have joined forces to assist students in South Africa with funds to obtain a quality education
Nestcoin is downsizing an undisclosed number of its workforce as part of efforts to cushion the effects of the FTX collapse on the company.
SecondSTAX has launched the SecondSTAX Portal, a technology-driven order management and execution routing system for investment firms in Kenya and Ghana
Nigerian neobank, Kuda has expanded its operations into the UK to offer its remittance services for Nigerians in the diaspora.
Blnk has raised $23.7 million to accelerate financial inclusion within underserved communities in Egypt.
Quona Capital has closed a $332 million fund to invest in fintech startups in emerging markets.
Kenyan logistics startup, Sendy has secured undisclosed funding from MOL PLUS Co., Ltd.
Contro, a South African telehealth startup has announced the close of its oversubscribed pre-seed funding round, raising a total of R10.1 million ($584,000).
Co-founders of African e-commerce giant, Jumia—Jeremy Hodara and Sacha Poignonnec—have stepped down from their roles as co-CEOs.
Algerian super-app, Yassir has raised a $150 million Series B fund from BOND.
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