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M-KOPA has announced a huge milestone by releasing $1.6 billion in credit to support Kenyans. This is a big deal because since 2010, M-KOPA Kenya has unlocked over $1.593 billion (that’s about KES 207 billion) in formal credit, making life…
Vodacom Tanzania has just taken a big step forward by launching the M-Pesa Global Payment service. This new feature makes it possible for people in Tanzania to send and receive money across borders, opening up the world for local businesses…
Amazon Leo, a new satellite internet service competing with Starlink, has just opened a waitlist for people in multiple countries, including Nigeria, to sign up as early users when the service launches. This is exciting news for anyone who’s been…
MoMo Payment Service Bank, or MoMo PSB, the fintech arm of MTN, Nigeria’s biggest mobile network, has teamed up with Thunes, a global platform that specializes in cross-border payments for businesses. This partnership means Nigerians using MoMo can now get…
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), recently shared some good news about the banking industry. He confirmed that 16 banks have met the new CBN minimum capital requirement, while another 27 banks are in the…
Chui Ventures has exceeded its initial $10 million fundraising goal, closing its first fund at an impressive $17.3 million. This Africa-focused seed-stage fund has raised well beyond what it originally aimed for, joining a small group of African venture firms…
Alphabet, the parent company of Google, is on the verge of joining an exclusive club as it approaches a $4 trillion valuation. On Monday, the company’s shares climbed over 5% to hit a record high of $315.90, pushing its market…
The Central Bank of Nigeria (CBN) has decided to keep the interest rate, or the monetary policy rate (MPR), steady at 27%. This move is part of the bank’s plan to help the economy recover, control inflation, and keep the…
The U.S. Department of State is stepping in with a $150 million boost to help Zipline grow its drone medical delivery network across Africa. This support is focused on expanding Zipline’s autonomous drone system, and the funding is designed to…
Tesla is about to make a big move by launching its first African operation in Morocco. This is a huge step for the electric car company and could shake up the entire automotive scene on the continent. To get started,…
