How did Flutterwave and Chipper Cash expand to Kenya without licenses?

Flutterwave and Chipper Cash expanded into Kenya via partnerships with licensed companies.

FrontEnd Ventures to back Kenyan founders with its $5 million VC fund

FrontEnd Ventures, a Kenya-focused venture capital fund has closed its initial $1 million VC fund to provide funding for early-stage founders in the East African country.

TikTok launches in-app guide to curb misinformation ahead of Kenyan elections

TikTok has launched an in-app guide to enable access to factual and authoritative information ahead of Kenya's general elections in August.

Bloc acquires Orchestrate to power payment infrastructure in Africa

Bloc, Nigeria’s full-service FinTech and Banking as a Service (F/BaaS) infrastructure provider, announces its acquisition of Getwallets, the wallets-as-a-service provider that has now pivoted to become a payments orchestration company, Orchestrate.

Zazuu secures $2 million to deepen its cross-border payment offering

Zazuu has secured $2 million to deepen its cross-border payment offering and also build the world's first non-biased payment platform.

inDriver engages Lagos state authorities on compliance

In May 2022, the Lagos state government instructed its residents to be wary of inDriver, Rida and other unlicensed e-hailing cab operators within the state citing security risks.

Mara Phones South Africa to restart operations following an acquisition

Five months after its closure, Mara Phones, South Africa's first smartphone manufacturing facility has been acquired by Lebashe Investment Group (the owners of Arena Holdings) and other investors.

World Bank’s IFC invests €90 million in Africa’s Wave Mobile Money

IFC has invested €90 million in Wave Mobile Money to spur financial inclusion and support economic growth in Senegal and Côte d'Ivoire.

“Crypto is the next goal in Africa’s race for financial inclusion” – Njoku Emmanuel

Africa's crypto frontier may still be in its early days, but investments, interests, and innovations in the sector are on the rise.

Why MTN’s MoMo PSB is suing 18 Nigerian banks

MTN Nigeria's fintech subsidiary, Mobile Money Payment Service Bank (MoMo PSB) Limited has sued 18 commercial banks to seek a refund for ₦22.3 billion ($53.7 million) "erroneously transferred to 8,000 bank customers".

The evolution of Abeg from incorporation, Piggyvest acquisition to a CBN MMO AIP

Abeg Technologies Ltd secured an Approval-In-Principle (AIP) from the Central Bank of Nigeria (CBN) as a Mobile Money Operator (MMO) on April 25, 2022, completely rebrands to "Pocket by PiggyVest". How did it get here?

16 African startups backed by ODX Accelerator

Launched in 2021, the ODX Accelerator has backed 16 African tech startups including Pivo, Sendstack, Mizala and Oneport 365.