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.

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.