Exclusive: Patricia to repay users in Naira instead of Patricia Tokens

In October, Nigerian SEC-licensed trust company, DLM Trust announced that it temporarily paused its appointment as an escrow trustee with Patricia to oversee the repayment of $2 million in customers’ assets lost in a hack last year.

Shekel Mobility secures $7M to drive vehicle financing in Africa

Shekel Mobility, a B2B trading platform catering to car dealers in Africa, secured a $7 million seed in a round led by Ventures Platform and MaC VC.

Flutterwave overcomes legal hurdles in Kenya

Flutterwave, Africa's most valuable startup, has successfully navigated its last legal obstacle in Kenya. On Thursday (Nov. 9, 2023), a Kenyan high court approved the withdrawal of a money laundering case initiated by the country's Asset Recovery Agency (ARA), responsible for investigating and recovering proceeds of crime.

Paystack partners NIBSS to launch Direct Debit in Nigeria

Nigerian fintech company, Paystack is launching a Direct Debit product in partnership with the Nigeria Inter-Bank Settlement System.

Fez Delivery launches electric bikes to deepen eco-friendly last-mile delivery in Nigeria

Fez Delivery has launched electric bikes to provide a cleaner, more economical, and efficient solution for goods transportation in Nigeria.

African governments turn to low-cost smartphone production to drive access

Kenya, Zambia, and other African nations are establishing smartphone manufacturing facilities to improve affordability.

Nigeria, Kenya and Rwanda to ensure AI safety with ‘The Bletchley Declaration’

Among the 28 nations that have pledged to address AI-related risks through 'The Bletchley Declaration,' only Nigeria, Kenya, and Rwanda represent the African continent.

mPharma sets agenda post-layoff, halts work-from-home

mPharma, a Ghanaian healthtech company, has restructured its approach in the wake of the layoffs it implemented in September, which now entails discontinuing remote work.

MarketForce enters Kenya’s social commerce scene, aims to boost profits

Kenyan B2B e-commerce startup, MarketForce, is set to broaden its presence by entering the country's social commerce market.

Nigerian banks restrict transactions to neobanks amid rising fraud concerns

Nigerian Banks such as Fidelity and Standard Chartered have imposed transaction restrictions on neobanks like Moniepoint, Kuda, Opay, and PalmPay, citing mounting concerns over fraud.

“Misleading”, Patricia speaks on its physical operations in Nigeria

Estonia-based crypto exchange, Patricia said that it started full remote operations in 2020, contrary to allegations that it has absconded its Lagos office.

Adbot and MTN partner to offer automated digital ad services to Nigerian SMEs

MTN Nigeria has partnered with Adbot, a South African adtech startup, to enhance the online visibility of Nigerian SMEs through MTN’s Thryve Google Ads services, which provides 1Gb of data, a minimum of 10 website conversions, and 500 ad views on Google.