BasiGo, a leading electric bus manufacturer, has secured a $10 million loan from the United States International Development Finance Corporation (DFC). This funding is intended to significantly increase BasiGo’s fleet of electric buses and accelerate the country’s transition away from…
A federal High Court in Abuja refuted the Inspector General of Police’s (IGP) action of ordering 12 banks and financial institutions to reverse billions of naira withdrawn from Flutterwave account. This huge sum of money was allegedly withdrawn at Wema…
South Africa has published a new national AI policy framework and is seeking feedback from stakeholders. The Department of Communications & Digital Technologies is in charge of the framework. National AI Policy in South Africa This framework is the first…
Changelabs, an entrepreneurship support organization, has launched its flagship Fintech for future accelerators in Egypt. The initiative aims to help fintech startups develop their products and raise funding. Changelabs Launches MENA Fintech Accelerator The Program will support 12 innovative SMEs…
African Development Bank (AfDB) has approved a $10 million investment in the KawiSafi II Fund. The significant move is to support Africa’s Climate startups. The investment was approved by the Bank’s Board of Directors and will be allocated from a…
Detained Binance executive Tigran Gambaryan’s health is quickly declining and is “mostly bedridden,” and he is reportedly being denied “adequate” access to his legal team. His legal team has not been allowed into Kuje Prison to meet him since July…
Lagos State Government has decided to tokenize real estate on the blockchain. According to Africa’s Web 3 and Digital Economy Aggregator, Cyberchain, this development can lead to shared prosperity, as more Nigerians can participate in real estate investments previously out…
Safaricom has shut down its API access previously granted to PrivPay. This was due to several violations of compliance set in place by the organization. Safaricom Shutdown PrivPay PrivPay is a fintech startup in Kenya that allows customers to make…
VertoFX , a global financial technology firm, has announced the appointment of former JumiaPay MD, Dr. Austin Okpagu as its first Country Manager for Nigeria. The significant move enforces the company’s long-term commitment to the country and the broader West…
Canal+ is expanding its reach in the African pay-TV market. Vivendi SE’s Canal+ has doubled its stake in MC Vision to become the major shareholder of the Mauritius-based digital pay-TV company. According to Bloomberg, the French company had increased its…