Nigeria
Nigeria: NCC makes clarifications on ‘renewal’ of MTN license
The Nigerian Communications Commission, NCC, has debunked reports that it has renewed MTN Unified Access and Service (UASL) License for another ten years. ...
Nigeria
Nigerian SME lending platform, Payhippo, enters Y Combinator’s Summer 2021 batch
Nigeria-based lending and business financing platform, Payhippo, has been accepted into Y Combinator’s Summer 2021 cohort, joining 167 startups, four of which are African. ...
Kenya
Kenya’s Wapi Pay secures $2.2m pre-seed round to ease payments between Africa and Asia
Kenyan fintech startup, Wapi Pay, has raised a $2.2 million pre-seed fund to facilitate financial transactions between the African and Asian continents. Investors that ...
News
CBN reassures Nigerians of smooth FX supply
The Central Bank of Nigeria has informed the public that it has put in place monitoring measures to guarantee that deposit money banks ...
Africa
Bolt raises €600m from Sequoia, others to continue building first-ever super-app
Bolt, the leading ride-hailing and mobility platform, has raised €600 million in a funding round that increases its valuation to over €4 billion. ...
Egypt
EGYPT’S BANK DEPOSITS IN LOCAL CURRENCY INCREASE BY EGP 376.1BN DURING H1 2021
Egypt’s bank deposits in the local currency increased by EGP 376.104bn to EGP 4.036trn during the first half (H1) of 2021, compared to ...
Regulatory
Tanzania: Pesapal secures TCRA License
Pesapal has received the National Application Service License (AS) from Tanzania Communications Regulatory Authority (TCRA). “The acquisition of this license which is under ...
Africa
AfDB launches Transaction Guarantee for trade transactions in Africa
The African Development Bank, through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument, according to Devdiscourse. Transaction Guarantee is designed ...
Africa
West Africa: 13th West Africa Internet Governance Forum (Waigf)
The ECOWAS Commission and its partners virtually convened the 13th edition of the West Africa Internet Governance Forum (WAIGF) with various stakeholder groups ...
Africa
Kuda, the African challenger bank, raises $55M at a $500M valuation
Kuda Bank, the London-based, Nigerian-operating startup that is taking on incumbents in the country with a mobile-first, personalised and often cheaper set of ...
