Africa
PayQin raises seed round to drive payments across West Africa
PayQin, a cross-border payment startup that operates a comprehensive e-wallet service for the underbanked in West Africa, is announcing a new €300K seed ...
Africa
Namibia: Central Bank to Conduct Balance of Payment Census
THE Bank of Namibia plans to conduct a balance of payment (BoP) census to increase Namibia’s BoP sample size and statistics. In a ...
Africa
Union54 becomes first Zambian fintech accepted into Y Combinator
Twice a year, a list of startups are admitted into Y Combinator’s cohort, receiving training, seed funds and all that’s needed to scale. ...
South Africa
Revio, a South African-based fintech startup, receives $1m in seed round
South Africa’s fintech startup, Revio that leverages digital technology to manage payments and subscription billings for various companies has received a $1 million ...
News
Nigeria: Wema Bank considers M&A opportunities, plans to raise N40bn
Wema Bank is considering the acquisition of a fintech firm or a merger with another commercial bank to boost its customer base and ...
Ghana
IMF lowers Ghana’s inflation forecast to 9.6%
The International Monetary Fund is projecting a 9.6% inflation by the end of the year before returning to target next year. This means ...
Regulatory
Zimbabwe: RBZ Moves To Clear US$1,7 Billion Forex Backlog
THE Reserve Bank of Zimbabwe (RBZ) is moving to clear a US$1,7 billion foreign currency backlog which has been blamed for retarding progress ...
Intelligence
29% of corporate users in Kenya experienced financial malware attacks in the first half of 2021
Although Kaspersky’s (https://africa.Kaspersky.com) research shows that the overall number of financial malware attacks in Kenya has decreased in the first half of 2021, ...
Nigeria
Nigeria: CBN recovers customers’ N89.2b from commercial banks
The Central Bank of Nigeria (CBN) has so far recovered N89.2 billion of customer’s money from commercial banks in the country based on ...
News
MTN renews Rwanda licence – still waits on Nigeria
MTN Rwanda has confirmed it has concluded its operator licence renewal process with the Rwanda Utilities Regulatory Authority (RURA). The telecom operator’s previous licence ...
