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Ethiopia’s rapidly developing electric vehicles (EVs) industry received a big push when Dodai, a leading Addis Ababa-based EV manufacturer, managed to raise $4 million in its recent Series A round of funding. This investment, which is intended to enhance Dodai’s…
Botswana has taken a significant leap forward in bridging the digital divide by granting a license to SpaceX’s Starlink unit. This decision, following a meeting between President Mokgweetsi Masisi and Starlink executives, paves the way for Starlink’s internet services to…
Banking app security tips for South Africans: Recently, a concerning trend has emerged in South Africa – the rise of “banking app kidnappings.” These crimes involve criminals forcibly apprehending victims and coercing them to access their mobile banking apps, draining…
In a dramatic turn of events, the Johannesburg High Court, has given its ruling in favor of streaming service Showmax to air the much awaited four part documentary “Tracking Thabo Bester.” The decision came after a last minute bid by…
The WeCare Foundation, a philanthropic organization dedicated to sustainability, has achieved a significant milestone with the successful fundraising of $350,000. This funding will be specifically directed towards accelerating innovation within the lab-grown diamond sector. This achievement marks a pivotal moment…
Wema Bank Plc., a prominent financial institution in Nigeria renowned for its innovative banking practices, recently made a strong statement by ending multiple partnerships with fintech companies. This strategic decision was made to protect customer funds and address the issue…
The Central Bank of Nigeria (CBN)’s directive mandating the linkage of National Identity Numbers (NIN) to all tier-1 bank accounts by March 1, 2024, has passed with a significant portion of banks yet to implement the policy. This has left…
Colombian fintech Minka expands into Africa. Colombian cloud-based fintech startup Minka has announced plans to expand its operations into Africa. The first phase of this expansion will see Minka setting up shop in Eastern and Southern African countries, including Kenya,…
In an exciting development for the fintech landscape in the MENA region, FlapKap, an Egypt-born and Abu Dhabi-based fintech platform, has successfully raised $34 million in a pre-Series A funding round. This significant financing comes nearly two years after the…
Kenya has made a significant move in making use of the transformational power of Artificial Intelligence (AI) by declaring that it will work on developing an all-inclusive National AI Strategy. This initiative, which was launched on April 8, 2024, in…
