Startup

South Africa’s Mama Money Expands Global Reach with Western Union

Western Union, a leader in cross-border, cross-currency money movement and payments, and Mama Money, a rapidly growing international money transfer company, have joined forces ...

By Regtech AfricaJune 4, 20200

Nigeria

Foreign reserves gained $2.7bn in one month –CBN

The nation’s foreign reserves rose by $2.7bn in May after declining for several months, figures from the Central Bank of Nigeria showed on ...

By Regtech AfricaJune 4, 20200

Innovation

The future of an efficient transport system in West Africa is innovative technology – Graham Lawal

Ahead of the 2020 West Africa TransFuture and Tech Summit (WA-tts®), Graham Olusanmi Lawal, Ceo, WA-tts has disclosed that the future of an ...

By Regtech AfricaJune 4, 20200

Startup

Ugandan on-demand startup Logistify AI on a mission to address warehousing issues in Africa

Growing up in rural Uganda, Daniel Emaasit and Tobias Tukei helped their parents operate their family warehouse and farm. For more than 20 years they struggled to ...

By Regtech AfricaJune 4, 20200

Uganda

UGANDA – MTN and Airtel re-instate mobile money sending charges

Telecom giants MTN and Airtel have announced they will be re-instating their charges on sending money ending the suspension that was meant to ...

By Regtech AfricaJune 4, 20200

Rwanda

When Digital Payment Goes Viral – Lessons from COVID-19’s Impact on Mobile Money in Rwanda

A new report released by Insight2Impact showed that Peer-to-Peer transfers grew from Rwf10.7billon ($11million) on March 15, when the lockdown began, to Rwf24billion ($25.6million) a ...

By Regtech AfricaJune 4, 20200

Regulatory

UGANDA: Bill to regulate mobile money transactions gets committee’s nod

The Finance Committee of Parliament has approved a bill which seeks to provide for supervision and oversight of mobile money transactions. Currently, Uganda ...

By Regtech AfricaJune 4, 20200

Uganda

Ugandan fintech startup Eversend raises $706k in target-beating crowdfunding campaign

Ugandan startup Eversend, a digital-only finance platform providing cross-border money transfers among other services, has secured EUR634,000 (US$706,000) in investment through a Seedrs ...

By Regtech AfricaJune 4, 20200

South Africa

South Africa Insurtech startup Inclusivity Solutions Raises $1.3m Funding

South African insurtech startup Inclusivity Solutions has raised US$1.3 million in the second tranche of its Series A funding round to help it ...

By Regtech AfricaJune 4, 20200

News

Orange extends money transfer remittance service to Burkina Faso and Morocco

After Ivory Coast, Guinea, Madagascar and Mali, it is now Burkina Faso and Morocco that have benefited from the international money transfer solution ...

By Regtech AfricaJune 4, 20200