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The Reserve Bank of Zimbabwe has injected $190 million into the economy to support the Zimbabwean Gold (ZiG). This initiative comes amid rising import costs, declining export prices, and high inflation, which have plagued many African nations. By enhancing its…
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,…
Carry1st has announced its partnership with Audiomack to simplify music subscription payments for its vast user base. With over 30 million monthly users, this collaboration aims to provide Audiomack’s customers across the continent with easier access to premium services through…
Wallet Africa, a revolutionary fintech company, is reshaping the way we think about financial services. Imagine having a single platform that streamlines all your financial activities, from sending money across borders to paying bills and even managing company expenses —…
In a move highlighting the growing vibrancy of Africa’s innovation scene, Madica, a pan-African venture capital firm, has announced a significant investment of $200,000 each into three promising startups: GoBeba (Kenya), Kola Market (Ghana), and NewForm Foods (South Africa). This…
Safaricom Secures Insurance Licence: Safaricom, Kenya’s biggest telco, has secured an insurance licence from the Insurance Regulatory Authority (IRA), ending a four-year wait. The company will now offer insurance services to its M-Pesa users with a new product, Bima, its…
Glo New CEO: Globacom, one of Nigeria’s popular telecommunications providers, has appointed telecom veteran Ahmad Farroukh as its new chief executive officer. According to the telecom provider, the leadership change aims to strengthen the company’s corporate governance and operational performance,…
Moniepoint Funding in African Startups: African startups raised $250 million in funding in October. This development was possible by a significant $110 million Series C round from Nigerian fintech company Moniepoint. This funding achievement represents a strong performance for the…
Visa Investment In Four African FinTech: Visa is pushing in fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program. The company did not disclose the size of each investment but said…
eMedia Plans for eVOD Streaming Service: eMedia Holdings, the parent of e.tv and Openview, describes eVOD as the “Netflix of South Africa”. The company has disclosed its annual results report. The report reveals that eVOD has accumulated nearly 300,000 new registrations…
