The African Development Bank (AfDB), has a loan agreement with Fonds d’equipement Communal (FEC) in Rabat. This was done on March 15th, with the loan agreement amounting to EUR 100 million. The loan is to fund new investments and get…
The SEC (Securities and Exchange Commission) of Nigeria has taken steps to reduce risk and close all loopholes for cryptocurrency exchanges. They have done this by increasing the capital requirement for virtual asset service providers: they increased the paid-up capital…
Wasoko, a prominent eCommerce startup company in Kenya, has recently undergone radical regional downsizing in a well-calculated move to put the profitability of the business at the forefront. The company made public its decision to close its Zanzibar office and…
Zone, a Nigerian fintech company with an innovative blockchain platform as its core, has made a big step forward by getting $8.5 million in its first funding round as a separate entity. This seed funding round that greatly exceeded expectations…
OpenAI, the globally known AI research lab, has paved the way for a revolution in video production with the launch of Sora, a text-to-video generator that will be available to the public soon. This marks a great leap in AI…
It is going to be an eventful year for the fintech companies in Africa. This doesn’t exclude Wasoko, a startup company that provides convenient and cost-effective access to products and services. The Kenyan startup has unfortunately shut down its Zanzibar…
SRD SASSA payment is about to be received by those that have been approved. Payments will be processed from March 25th to March 29th, 2024. Eligible individuals should be ready to receive their grants this month. This includes the Older…
Since Thursday, March 14th, 2024, many parts of the West African countries have faced major internet disruptions because the undersea cables have been badly damaged. These cables are crucial for internet connections in the area, and their damage has caused…
In a strategic step to improve its management and enhance collaboration within the industry, Flutterwave, the top payments technology company in Africa, has named Dipo Fatokun, a former CBN Director, as its new Board Chairman. Fatokun’s appointment shows Flutterwave’s strong…
Youverify, a Nigerian organization that provides id verification and anti-money laundering (AML) solutions for banks and startups has secured a whopping sum of $2.5 million in funding in a pre-Series A round. The funding was secured from Elm, an organization…
