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Tunisia has taken a bold step by suspending major ride-hailing companies operating in the country due to allegations of money laundering and tax evasion. The government has suspended the operations of the two biggest car-hailing companies, TaxiChebs and TaxiNegriz, after…
United Bank for Africa (UBA) achieved record profits in 2024, but some of it was dampened by a loss of N1.14 billion ($744, 200) due to fraud, according to recent audited financial statements. The loss comes a day after Nigerian…
86 Kenyan startups presented their ideas and innovative products and services for funding during the Presidential Innovation Challenge held recently. The Presidential Innovation Challenge is a funding and technical assistance programme run by the Kenya National Innovation Agency (KeNIA), headed…
Tunisian legal-tech startup Juridoc has completed a funding round worth an undisclosed sum in order to further its mission of revolutionising legal services in Africa and the Middle East. Juridoc, which was founded in 2021, has quickly proven itself as…
At a meeting on Monday in Abuja, the Federation Accounts Allocation Committee (FAAC) decided to allocate N1.68 trillion for February 2025 to the federal, state and local governments despite the decrease in Value Added Tax (VAT) revenue. The allocation was…
A Botswana-based startup, Brastorne, has been turning simple feature phones into tools into the digital world. It’s connecting millions of Africans who lack internet access to essential services. Started in 2013, Brastorne’s team uses basic technologies including SMS, USSD and…
Two former Network International executive directors have received $6m in seed funding to launch fintech firm Enza, with a view to revolutionising how payments are processed across African banks and businesses. Local Hany Fekry and Hamish Houston, who both worked…
Kenyan logistics startup Leta has raised $5 million in seed funding to grow its business and help more African companies move goods cheaper and faster. The money comes from investors like Speedinvest, Google’s Africa Investment Fund, and Equator VC, who…
Big news for startups! Applications are now open for the $1m SA Startup Pitch Event, a chance to win life-changing funding and shine a spotlight on your business. Startup Club ZA and The South African Future Trust have teamed up…
Yango Group, a tech company known for its innovative solutions, has just launched Yango Ventures, a $20 million fund to help startups in Africa, Latin America, the Middle East, and other fast-growing regions. This Yango Ventures $20 million fund isn’t…
