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Changelabs Launches MENA Fintech SME Accelerator in Egypt
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…
AFDB is Set to Invest $10M into the KawiSafi Fund ll to Support Africa’s Climate Startups
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…
Binance Executive’s Legal Team not Given Access to him in Kuje Prison
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 Reveals Plans to Tokenise Real Estate
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…
PrivPay Shutdown after Safaricom Cut its Access to M-PESA APIs
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…
AUATON Accuses PCNGI of Bypassing Them
The Amalgamated Union of App-based Transporters of Nigeria (AUATON) has expressed significant dissatisfaction regarding the recent rollout of the Presidential Compressed Natural Gas Initiative (PCNGI), particularly concerning the CNG conversion benefits. AUATON claims that the initiative has unfairly excluded its…
Airtel, MTN, IHS to Reduce Spending in Nigeria, Resumes Push for Tariff Hikes
Airtel Nigeria, MTN Nigeria, and IHS Towers are considering reducing their investments in the country. The decision comes as the companies grapple with multiple taxations, worsening power supply, and two years of losses linked to foreign exchange (FX) volatility. Carl…
World’s Second-Largest Wine Seller Buys 1.27 Million Shares in Jumia
Pernod Ricard, the world’s second-largest wine and spirits seller, renowned for its iconic brands like Jameson, has made a significant investment in the African e-commerce platform Jumia. The spirits seller acquired 1.27 million shares in Jumia’s recently announced secondary sale,…
JumiaPay’s MD, Dr.Austin Okpagu, Appointed as Nigeria Country Manager by VertoFX
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+ Buys Majority Shares in Mauritius-based MC Vision
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…