Shoprite exits Ghana and Malawi in continental retreat

Years of losses and difficult trading conditions have prompted a strategic reset for Shoprite.

Fusepay, a Seychelles-based fintech, raises $350k pre-seed to digitise business payments

Fusepay raises $350,000 pre-seed to digitise business payments and replace cheques across Indian Ocean islands, starting with Seychelles.

MTN Nigeria posts ₦414 billion profit in H1’25 on increased data growth, stable FX

Data revenue grew to ₦1.23 trillion, overtaking voice revenue contributions to ₦887 billion.

Exclusive: Collect Africa shuts down to make way for Stablecoin-focused Autospend

“We realised there’s a much larger opportunity to solve a global problem,” said Abraham Ojes, co-founder of Collect Africa.

Abiola Olaniran, pioneering African Mobile Gaming founder, dies at 36

He provided initial funding for Techpoint Africa in 2015 and later served as CTO for ed-tech firm eLimu

PALM closes 7-figure pre-seed  to transform savings culture in Egypt

PALM secures 7-figure pre-seed funding led by 4DX Ventures to transform how Egyptians save.

Okra not dead: Shuts Nebula, doubles down on payments

Okra is restructuring its core payments business after shutting down its cloud service, Nebula. Despite exit rumours, the fintech remains active and is exploring new backers.

Kuda’s second attempt at multicurrency banking comes with lessons and $15M backing from investors

The move is primarily aimed at retaining its customers who are relocating abroad, Chief Executive Officer Babs Ogundeyi said.

Afrieximbank launches PAPSS Card. Why now and what about AfriGo?

Afrieximbank announces PAPSS card, following in the footsteps of Nigeria's AfriGo. Why are there more domestic card schemes in Africa? Verve.

USDC stablecoin issuer, Circle files for US banking licence

Circle applies for a US banking license to establish First National Digital Currency Bank, N.A. Discover what this means for Africa.

Moniepoint debuts on TIME100 most influential companies list

This latest accolade arrives on the heels of other prominent international recognitions for Moniepoint.

How product and engineering teams can prepare for open banking 

The open banking framework in Nigeria is set to go live in August following the Central Bank of Nigeria’s approval.