What we know about the Zimbabwean gold-backed digital currency

Zimbabwe has launched a gold-backed digital currency. It will be used as legal tender alongside the Zimbabwean dollar.

BD Insider 161: Kenya wants to tax digital creators

We examined the proposed tax on digital content creators in Kenya, the possible duplicate of telecoms regulators in Nigeria and the QR payment plan in Kenya.

FEC approves use of blockchain in Nigeria

Nigeria's federal executive council has approved the national policy on blockchain. Through the policy, the country will develop regulatory framework to govern the adoption of the technology.

What the leadership changes at Microsoft Africa means

Microsoft has appointed Lillian Barnard to lead its African operations as part of its efforts to accelerate digital transformation on the continent.

Nigeria is scouting tech startups that will pitch at GITEX Africa

In collaboration with the Dubai World Trade Centre, NITDA has commenced the selection of eight Nigerian startups that will pitch at GITEX Global events this year.

Lagos wants to use 12,000 electric buses for mass transit by 2030

The Lagos state government has partnered with Oando and EV manufacturer, Yutong to put 12,000 electric buses on Lagos roads by 2030. The first set of the buses have been delivered.

Nomba, an African fintech raises $30 million pre-series B

Nomba (formerly Kudi) has secured $30 million pre-Series B to expand its payment solutions for African businesses.

BD Insider 160: Report excludes Chipper, Andela and Flutterwave from the list of African unicorns

We examined CV VC's claim on the current state of African unicorns, the latest on SEC Regulatory Incubation program for Nigerian fintechs and the poor but expensive network in Cameroon.

Raise gets Carta’s backing to build Africa’s equity management platform

Carta, an equity management platform that was last privately valued at $7.4 billion has backed Raise in an undisclosed deal. It is the US-based companies first African investment.

Hover transitions to an open source community

Due to its inability to raise additional funding, Hover—the parent company of Stax, says instead of shutting down, it is transitioning from a "full-time team to an open source community".

Smile Identity acquires Appruve, to expand its ID verification offering across Africa

Leading KYC compliance and ID verification platform, Smile Identity has acquired Inclusive Innovations, the parent company of Appruve, a Ghana-based ID verification provider, in an undisclosed deal.

Bill & Melinda Gates Foundation-backed i3 initiative announces application for 2nd cohort

Investing in Innovation Africa (i3), a pan-African initiative for start-ups building the future of healthcare supply chains, is calling for leading innovators to join its second cohort.