Bamboo, a Nigerian-based online stock platform, has expanded its operations to South Africa, marking a significant milestone in its growth across the African continent. This move allows South African users to invest in US stocks directly…
Meta has opened up new avenues for content creators in Nigeria and Ghana to monetize their work on platforms like Instagram and Facebook. This development, which took effect this year, marks a departure from previous policies that excluded…
In recent years, Nigeria’s banking landscape has witnessed a significant transformation. Banks are increasingly adopting local card schemes like Verve, moving away from international giants such as Visa and Mastercard. This shift is driven…
In 2024, Kenyan users can seamlessly transfer funds between their PayPal and M-PESA accounts through the PayPal Mobile Money Service. This innovative financial bridge, facilitated by TransferTo in partnership with Safaricom and PayPal, has…
Zambia is taking significant steps to embrace the future of technology by developing a comprehensive Artificial Intelligence (AI) Framework. Felix Mutati, the country’s Minister of Science and Technology, recently announced that this…
Naspers, the Cape Town-based multinational technology and investment giant, has released its financial results for the fiscal year ending. The report sheds light on the performance of its subsidiary, Takealot Group, a major player in South…
SpaceX’s Starlink is set to make waves in Kenya’s internet landscape with the anticipated introduction of its ‘Starlink Mini’ antenna later this year. This development could significantly transform internet access in the East African…
Birdnest, an Egyptian proptech startup, has secured an undisclosed amount of funding to expand into new markets and enhance its existing operations in Egypt. The pre-Series A funding round saw contributions from Beltone Venture Capital and…
This year, Kano has joined the ranks of the top 1,000 startup cities globally for the first time. Known as the commercial capital of northern Nigeria, the city has witnessed a surge in startup activities over the past four years. This…
Worldcoin, the contentious cryptocurrency and digital identity project that faced a shutdown in Kenya shortly after its launch last year, seems set for a return to the country, potentially reigniting privacy debates. Kenyan authorities…
The green revolution in tech startup funding continues on the continent, with a new report revealing that Africa’s climate tech startups have surpassed their fintech counterparts, securing nearly half of all funding accumulated so far in…
Have you ever found yourself in a community or country where you couldn’t understand a single word? Or tried to figure out a menu in a foreign restaurant only to end up with a mystery dish? Google’s latest update to Translate might be the…
The THRIVE Global Impact Challenge is inviting applications from African agrifood startups for a chance to win a $1 million prize. The goal of the challenge is to help fund the transition towards a net-zero agricultural future. The THRIVE…
A new report released by the Communications Authority of Kenya (CA) indicates a surge in the number of mobile money subscribers in Kenya. According to the report, subscribers on mobile money platforms grew to 38.7 million, reflecting a…
From celebrity-endorsed memecoins to tap-to-earn games that promise illusory wealth, the crypto and blockchain scene in Nigeria has often been seen as a series of get-rich-quick schemes. Senator Ihenyen, Lead Partner and Head of Blockchain…
Africa stands at a pivotal moment to shape the future of work as large language learning models (LLMs) evolve and the application landscape remains nascent. This insight comes from the “AI and the Future of Work in Africa” whitepaper,…
Following last week’s demonstrations, Kenya has erupted in protest this week against a new finance bill perceived as worsening economic hardship. These demonstrations, which have resulted in at least 13 fatalities according to Reuters, as…
Nigerian banks owe telecom companies ₦200 billion for utilizing Unstructured Supplementary Services Data (USSD) banking. This debt has created friction between banks and telcos for six years, necessitating intervention from the Central…
Paris-based venture capital firm Breega has achieved the first close of its latest fund, securing approximately 70% of its targeted USD 75 million. Since its debut in the VC industry in 2015, Breega has successfully completed fundraising…
Noki Noki, a logistics company based in Congo, has raised USD 3 million in seed funding. The investment round was spearheaded by Uma Ventures, a venture capital firm known for supporting Early Stage Venture, Late Stage Venture, and Seed…
Less than a year since its introduction in Kenya in July 2023, Starlink’s user base has seen a dramatic increase, with the number of subscribers growing more than tenfold. This rapid adoption rate of the Elon Musk-owned internet service is…
Over a month since its eagerly awaited debut, Amazon’s foray into South Africa’s e-commerce landscape has stirred curiosity rather than causing a major shake-up. The introduction of this retail behemoth initially created substantial…
Sahl, a startup based in Cairo, has secured $6 million in Series A and seed funding to establish itself as a comprehensive domestic bill management platform in partnership with government entities. Ayady for Investment and Development, a…
The Africa Fintech Festival has ignited dynamic discussions about the future of fintech regulations across the continent. A significant takeaway from the event was the advocacy for smart regulation and the exploration of “passporting”…
To strengthen Nigeria’s foreign exchange market, a significant action is being taken. the Central Bank of Nigeria (CBN) has announced that International Money Transfer Operators (IMTOs) will now be permitted to sell foreign currency on the…
In June 2024, Kenya witnessed a remarkable shift in its political landscape as Gen Z transformed from perceived political bystanders to tech-savvy activists. The catalyst was the controversial Finance Bill 2024, which sparked a digital…
Africa Data Centres, a subsidiary of the Cassava Technologies group, has secured funding to expand its data centre capacity and meet the increasing demand for cloud computing services in South Africa. This was achieved through a customized…
LAfricaMobile, a cloud communication startup based in Senegal, has successfully secured US$4.6 million in a Series A funding round to accelerate its expansion across French-speaking Africa. The round saw participation from French…
The global freelance market, valued at $1.3 trillion and supported by over 200 million knowledge workers, has created a demand for solutions that automate payroll and streamline employment and tax regulations worldwide. However, many…
Lagos state, Nigeria’s commercial hub, implemented e-hailing regulations in 2020, becoming the first state in the country to do so. However, recent discussions have revealed that these regulations may not adequately address the concerns of…