Nigerian Fintech Bankly Raises $2M in Seed Round led by Vault
Bankly, a Nigerian fintech startup, has closed a $ 2 million seed funding in a recent investment round led by Vault, with the participation of Rising Tide Africa, Plug and [...]
World Bank in US$45 Million Bond to save South Africa's Black Rhino
The World Bank this year plans to float a US$ 45 Million Bond that seeks to generate cash to increase the population of South Africa's black rhino, considered an endangered [...]
Mozambique National Carrier LAM to Suspend Flights to Kenya from March 29
Mozambique national carrier Linhas Aéreas de Moçambique (LAM) has announced a temporary suspension of flights to Kenya from March 29 2021. A press statement from the airline attributes the suspension [...]Uganda's Umeme Limited Warns of up to 60% Net Profit Decline for FY 2020
Umeme Limited has issued a profit warning to shareholders, cautioning that it expects a net profit decline of up to 60% for the year ending 31 December 2020, compared to [...]Somaliland’s Somtel Announces IPO, Priced at $100 Per Share
Somaliland's Telecom and technology service provider, Somtel, has announced an Initial Public Offering (IPO) to investors, with interested parties able to purchase a minimum of 20 shares for$100 apiece. Additionally, [...]Kuda Technologies raises US $25Million Led By Valar Ventures
Kuda Technologies, which currently offers mobile-first banking services in Nigeria, has picked up US$25 Million in Series A funding led by Valar Ventures, Target Global and other unnamed investors participating. [...]Central Bank of Nigeria Denies Banning Cryptocurrency Usage
Central Bank of Nigeria has said the country's citizens were free to use bitcoin and other cryptocurrencies and that all it has done is to prohibit their usage within the [...]Airtel Africa sells Equity worth US$ 200 Million in its Cash Business to Global firm TPG
Airtel Africa is set to sell equity worth US$ 200 Million in its mobile cash business to Global private equity firm TPG, through its The Rise Fund. The deal will [...]Universal Music Group, Boomplay expand license deal
Boomplay, a leading African music streaming and download service and Universal Music Group (UMG) have announced a new licensing agreement that will extend licensing of UMG's global music catalogue from [...]Ethiopian Airlines Adopts African Union's Test and Vaccine Passport
Ethiopian Airlines on Wednesday said it had partnered with the African Centers for Disease Control Prevention (Africa CDC) for the implementation of the African Union Trusted Travel Pass to [...]Flutterwave Partners with PayPal to Allow African Merchants to Make and Receive Global Payments
Flutterwave has partnered with PayPal to allow PayPal customers globally to pay African merchants through its platform. The announcement comes only a few days after the startup announced a $170 [...]Silicon Valley-based VC firm Flourish Ventures Opens Nairobi Office Targeting Fintech
Flourish Ventures, a Silicon Valley-based venture capital firm has opened a new office based in Nairobi as it targets to invest in startups across Africa who are building fintech solutions [...]
