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A South African fintech company, Stitch, has raised $55 million in a new funding round. The Cape Town startup seeks to revolutionize payment solutions across the entire continent by achieving this investment round. The money will help Stitch grow its…
There is sustained growth in the demand for PCs worldwide, as global PC sales increases in the first quarter of 2025. This can be seen in the 4.9% year-on-year growth in shipments reaching 63.2 million units. This growth comes after…
Nigerian telecom operators have recently reacted to the NCC 12-month airtime reclaim period proposal. The Nigerian Communications Commission (NCC) has proposed a new policy that gives telecom subscribers a 12-month grace period to reclaim unused airtime on deactivated lines. The…
Moroccan fintech startup, PayTic raises $4 million in funding to broaden its payment automation services across Africa. The funding round was led by AfricInvest which was backed by Build Ventures, Axian Group, Mistral, Island Capital Partners and Concrete. The financing…
Umba, a credit-led digital bank, has secured a $5 million debt facility from Star Strong Capital to expand its lending operations in Kenya. The fintech startup has experienced rapid overgrowth ever since its inception in Kenya, so this funding comes…
MTN Group CEO, Ralph Mupita has warned that the United States Trump’s tariff policies could affect telecoms services in Africa. Mupita said recently at a presentation that costs of telecom services can go up as a result of these tariffs…
Pascal Gabriel Dozie, a very important person in how Nigeria’s money system grew, has sadly passed away at the age of 85. Born on April 9, 1939, in a town called Egbu in Imo State, his smart thinking and strong…
Instagram is currently testing a new feature called “locked posts” that will allow creators to keep certain content away from public view through the use of a code. This will help in enhancing creator monetization as well as user engagement…
Maseera Holding for Financial Investments (MHF), a company in Abu Dhabi, has acquired Egypt-based fintech platform ADVA. This shows a great milestone in the fintech and consumer-finance sectors in North Africa. ADVA was founded in 2020 and is a buy…
The first quarter(Q1) of the year didn’t show significant growth which has dampened hopes for a rebound in African tech funding in 2025. As per the reports, in African Tech Funding, a total of $284 million was raised across 55…
