Visa invests in Orda, Oze, WorkPay, and OkHi
Visa recently announced strategic investments in four African fintech startups—Oze, Orda, WorkPay, and OkHi—as part of its $1 billion commitment […]
Safaricom Enters Insurance Market After Four-Year Wait
Safaricom, Kenya’s largest telecommunications company, has received an insurance license from the Insurance Regulatory Authority (IRA) after a four-year wait.
Africhange Secures IMTO License
Africhange, a self-funded remittance startup, has obtained an International Money Transfer Operator (IMTO) license for its Nigerian subsidiary, marking a
Moniepoint taps Stanbic IBTC CFO for its microfinance bank after $110 million raise
Nigerian fintech Moniepoint, valued at over a billion dollars following a recent $110 million funding round, has appointed Bayo Olujobi
BUSINESS
FBN Holdings’ ₦150 Billion Rights Issue
FBN Holdings, the parent of First Bank of Nigeria, has launched a ₦150 billion rights issue as it works to
Starlink Halts New Subscriptions in Nairobi
Starlink, Elon Musk’s satellite internet service provider, has paused new customer subscriptions in Nairobi and five nearby Kenyan regions—Kiambu, Machakos,
MTN Nigeria Expands Fintech Ambitions
MTN Nigeria, the nation’s largest telecom operator, has taken significant steps to expand its footprint in Nigeria’s digital payments landscape
Techstars Lagos Closes Its Doors
Two years after launching an ambitious accelerator program in Nigeria, ARM Labs Lagos Techstars (Techstars Lagos) has shut down, halting
Wasoko and MaxAB: A Merger Set to Transform African E-commerce
In one of Africa’s most significant tech mergers, Wasoko and MaxAB officially combined in August 2024, creating a $500 million