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Songdis, Fitclan, Reborn, and two others join CMU-Africa’s Business Incubation programme

Five NBA Africa Accelerator startups, including Songdis, Fitclan and Reborn, have joined CMU-Africa’s Business Incubation Programme.

News

5 key reasons behind Cloudflare’s major internet outage

Cloudflare went down on 18 November and dragged a large part of the internet with it. Here are the five main reasons the outage happened.

Fintech

Mastercard deepens Africa strategy with Smile ID investment and partnership

Mastercard’s investment in Smile ID strengthens the global payments giant's Africa strategy. Here is what you need to know.

News

mPharma appoints Kwesi Arhin as new CEO

mPharma has appointed Kwesi Arhin as its new Chief Executive Officer, succeeding co-founder Gregory Rockson.

News

Shoprite exits Ghana and Malawi in continental retreat

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

Fintech

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.

Crypto

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.

News

TymeBank threatens legal action over 6,500% spike in ID verification fees

TymeBank plans legal action as South Africa raises ID verification fees from 15 cents to 10 rands, calling it a threat to low-income access and financial inclusion.

Fintech

Pesa acquires UK EMI, Authoripay Emoney to begin Europe expansion

At the end of 2024, Pesa completed the acquisition of Authoripay Emoney Ltd, a UK FCA-licensed e-money issuer (EMI). Here is what it means.

Healthtech

Nigeria’s Medsaf quietly shuts down after raising over $7 million to digitise drug supply

After raising $7M and working with 1,000+ hospitals, Nigerian health startup Medsaf has shut down due to FX shocks, investor pullouts and a failed acquisition attempt.

News

₦225 billion dispute: Fidelity Bank responds to Supreme Court ruling, assures stakeholders

Fidelity Bank states it is “willing to settle the obligation” now that the appeal process is exhausted. However, the bank points to “significant ambiguities in the judgment resulting in difficulties in calculating the actual financial liability”.

Telco

US tariffs could derail Africa’s telecom growth, MTN CEO warns

MTN Group CEO Ralph Mupita has warned that new US tariffs on telecom equipment could increase infrastructure costs and slow network expansion across Africa.

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