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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…
Echoing Green, an organization of social innovation, has announced that 44 recipients were selected for the 2024 cohort of the Echoing Green Fellowship. The newest Fellows would work in 21 countries and is one of the largest and most geographically…
Egypt, Africa’s largest electricity producer, has installed a new transformer in Badr linking to Saudi Arabia. This makes inroads into other Asian and European countries as a key electricity distributor. Egypt has been making major steps in expanding its electricity…
Jumia’s share price falls from 53.82% to $4.89 on Tuesday, after the Africa-based e-commerce brand posted Q2 financial results that disappointed investors. The firm provides e-commerce and delivery services much like Amazon (NASDAQ:AMZN) does in the U.S. Jumia’s Share Price…
Network International, a Dubai-based payment services provider, has launched its new digital payment platform, Network One, in Nigeria. This $250 million platform is designed to empower banks, mobile network operators (MNOs), and fintechs across Nigeria and the broader West African…
