Flutterwave rebrands Send App, expands remittance to U.S. and Canada

Flutterwave, Africa’s leading payments' technology company, today announced the enhancement of its $end Mobile product, to Send App by Flutterwave.

12 African startups to watch out for in H2 2023, according to investors

In the wake of the global market reset, African startups are hustling to regain momentum in a funding winter. Four investors reveal their top must-watch startups.

CBN lifts ban on abokiFX, Bamboo, Risevest and 437 bank accounts

The Central Bank of Nigeria has directed banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies.

Rwandan digital retail startup Kasha raises $21 million Series B

Kasha, a Rwandan digital retail startup has closed a $21 million Series B round from Knife Capital, a South African venture capital firm.

Starlink launches in Kenya as Safaricom gears up for competition

Starlink is now available in Kenya, with Karibu as its authorised reseller in the country. Safaricom says it intends to launch a Starlink competitor in the coming months.

Kenya withdraws 30% shareholding rule for Big Tech

Kenya has reversed its shareholding rule that insists that Big Tech companies must sell 30% of their shares to Kenyan locals.

Uganda to impose 5% tax on non-resident digital companies

On Tuesday, the Ugandan Parliament amended its Income Tax Act to include tax from non-resident digital service providers like Meta, Google, Amazon and other big tech companies operating in the country.

BD Insider 170: Telecoms attracted $75.6 billion investment in Nigeria

MTN Group says it will invest over $3.5 billion in Nigeria in the next five years. We covered this and India's plan to establish a technology institute in Tanzania.

Mobility fintech Moove raises $8 million to expand its fleet in Ghana

The funding will be used to bolster Moove’s expanding vehicle fleet in Ghana

Nuru’s $40 million Series B will drive electrification in DRC

Cleantech startup Nuru has secured a $40 million Series B to drive its efforts to provide 24-hour electricity to five million people in the Democratic Republic of Congo.

Kenya, Nigeria, and South Africa are driving Africa’s Web3.0 adoption

Kenya, South Africa and Nigeria are driving the adoption of blockchain and Web 3.0 technologies on the continent, a new report says.

Glade denies misleading $214,000 internal hack

Glade, a Nigerian based fintech startup, has strongly debunked the news making the rounds online that it suffered an internal hack of about $214,000.