Tanzania scraps mobile money transfer fees

Three months after slashing its mobile money (MOMO) transaction levy by 43%, Tanzania has scrapped the MOMO transfer levy starting October 1, 2022.

mPharma acquires majority stake in Nigeria’s HealthPlus

mPharma has acquired the majority stake in HealthPlus, the leading pharmacy chain in Nigeria. mPharma announced today (September 15, 2022) that it signed an agreement with HealthPlus' former investor, Alta Semper to enable the acquisition.

How Kippa’s Super Agent licence will enable Nigerian SMEs

The Central Bank of Nigeria (CBN) has issued Kippa, a financial management and payments platform, a Payment Solutions Services Licence to operate as a Super-Agent in the country.

MFS Africa to expand into Nigeria

In June when MFS Africa raised a Series C extension, the fintech company disclosed that it will expand into Nigeria as part of its pan-African expansion plan.

Zapper partners Stitch to offer one-click payments in South Africa

Zapper, a South African mobile payments company has partnered with payments and data API fintech Stitch (via LinkPay—a one-click payments product) to enable Zapper users to make instant electronic funds transfer (ETF) payments with a click.

Nigerian fintechs to block predatory digital money lenders

The Federal Competition and Consumer Protection Commission (FCCPC) has ordered all financial technology companies (FinTechs) to stop providing payment or transaction services to digital money lenders under its investigation.

Flutterwave tackles unemployment in Nigeria with its Graduate Trainee Program

Flutterwave admits 200 Nigerian graduates to its 12-month immersive Graduate Trainee Program aimed at tackling unemployment in the country.

Ghana’s Float acquires Nigeria’s Accounteer in an undisclosed deal

Accounteer was founded in 2015 by Merijn Campsteyn to allow users to create invoices, track expenses and register payments, among other things

TeamApt lands “$50 million pre-Series C” from QED and other investors

TeamApt, a Nigerian fintech company that services the underserved mass market in Africa has received undisclosed funding from QED Investors, a U.S.-based fintech-focused venture firm.  

12 sub-Saharan African startups win the Migration Entrepreneurship Prize 2022

Out of 20 recipients of the Migration Entrepreneurship Prize, 12 are from sub-Saharan Africa.

Bumpa integrates Meta to hasten Instagram sales for business owners

Bumpa has announced its integration with Meta: the parent company for Facebook, Instagram, and WhatsApp in a bid to boost social commerce for business owners on its platform.

Bank of Ghana conducts a review of Flutterwave’s operations

The Bank of Ghana is reviewing the activities of Flutterwave in the country as part of its continuous surveillance of the financial system.