Interswitch to Revive Investments in Startup After 4 years of Dormancy
Fintech Interswitch confirmed that it would resume investment activities after pausing in 2016. Founder and CEO Mitchell Elegbe toldTechCrunchthat the company would go back to making bets on startups. We've [...]
Ethiopia Spends $ 97 Million on New Banknotes
Ethiopia is spending $ 97 Million (KSh 10.5 Billion) to print new banknotes, a move authorities say will lock out illicit financial flows, hoarding, and other illegal activities. According to [...]
Report Ranks Kenya, SA Nigeria Among World's Top 10 Countries in Cryptocurrency Adoption
A recent report by dubbed the 2020 Geography of Cryptocurrency Report ranks three African Countries; Nigeria, Kenya and South Africa among the top ten countries in cryptocurrency adoption. The report [...]DPO Group CEO Sees More Opportunities For Growth After Landmark Acquisition by Network International
Big news emerged in late July when Nairobi headquartered African Payment Service Provider DPO Group announced it had entered an agreement for a 100% acquisition by Network International. The transaction, [...]
Nigeria to Regulate Digital Assets Investment
Nigeria's Securities and Exchange Commission (SEC) will now regulate crypto-coin and crypto-token investments among other digital assets when the character of the investment qualifies as securities transactions. This is part [...]Uganda Inches Closer to Building a Crude Oil Pipeline
Uganda and French oil conglomerate Total have inked a deal that will open the way for construction of an oil pipeline to neighbouring Tanzania, Total's local subsidiary has disclosed. While [...]Liquid Telecom Launches Cybersecurity Unit
Liquid Telecom has launched a new Cybersecurity unit which offers digital security solutions to businesses. The unit provides end to end managed services for business customers, focusing on securing access [...]South Africa's Economy Suffers Worst Downturn Since World War II
South Africa’s restrictions to curb the spread of the coronavirus pushed the economy into its worst and most prolonged recession. The Country's GDP shrank an annualized 51% in the period [...]Ethiopian Airlines' New Terminal Expands Bole Airport's Capacity to 22 Million Annual Passengers
Ethiopian Airlines unveiled a new terminal at Bole International Airport, pushing the airport's capacity to 22 million passengers annually. The new terminal makes it the largest gateway to Africa. The [...]World Bank Names Keith Hansen as New Country Director for Kenya, Uganda, Somalia, Rwanda
The World Bank has appointed Keith Hansen as the new country director for Kenya, Uganda, Somalia, and Uganda effective September 8, 2020. The senior advisor will take over from Carlos [...]Weekly Deals Digest: Aug 26th Sep. 1st 2020
In the fourth Issue of the Weekly Deals Digest, we focus on Africa and the emerging markets. This week, startup funding in the continent was distributed evenly across foodtech, healthtech [...]Eskom Power Disruptions to Constrain South Africa's Recovery
South Africa’s post coronavirus recovery may be in jeopardy following persistent power blackout from the nation electricity generator Eskom. South Africa slid into a recession following prolonged lockdowns but businesses [...]
