How Zone’s (formerly Appzone) plan to power global payments with blockchain

Appzone has rebranded Zone, to power global payments with its regulated blockchain network, its BaaS product is now known as Qore.

Pivo Africa secures $2M seed to expand into East Africa

Globally, small and medium enterprises (SMEs) account for 90% of businesses and 50% of employment, according to the World Bank. As of 2020, Nigeria's Small and Medium Enterprises Development Agency (SMEDAN) estimated that there are approximately 39.6 million MSMEs in Nigeria.

Ukheshe and Coinvest partner to provide financial aid for students in South Africa

Ukheshe, a South African financial service enabler, and Coinvest have joined forces to assist students in South Africa with funds to obtain quality education.

Jumia co-founders, Jeremy and Sacha resign as co-CEOs

Co-founders of African e-commerce giant, Jumia—Jeremy Hodara and Sacha Poignonnec—have stepped down from their roles as co-CEOs.

Spotify invests $100K into 13 African podcasts through its Africa Podcast Fund

Spotify has launched the Africa Podcast Fund, with the goal of supporting podcasters to further amplify their stories.

Kenya is still Wasoko’s headquarters

Amidst rumours about its relocation to Tanzania, Wasoko has revealed that it is headquartered in Kenya.

Ugandan President Museveni approves “contentious” Computer Misuse Bill

Amidst continued criticism, the President of Uganda, Yoweri Museveni has signed the "regressive" Computer Misuse Bill that criminalises various uses of computers

Bamboo expands into Ghana

After Bamboo announced its $15 million Series A funding in January 2022, the fintech startup revealed that it intends to enter new markets like Ghana, Kenya and South Africa. Prior to the funding, Bamboo announced its plan to launch in Ghana in April 2021, as of January 2022 more than 50,000 Ghanaians joined the waitlist.

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.