US Govt's Prosper Africa joins hands with Africa Fintech Summit
Prosper Africa, a US Government initiative aimed at increasing two-way trade and investment between the US and African countries, has announced its sponsorship of the Africa Fintech Summit in 2023. [...]
BlackRock Acquires 31.25% Stake in Lake Turkana Wind Power, Africa's Largest Wind Farm
BlackRock Alternatives' public-private finance vehicle, Climate Finance Partnership (CFP), has acquired a 31.25% stake in Lake Turkana Wind Power (LTWP), the largest wind farm in Africa. The stake was purchased [...]
YC backed Verto launches USD accounts with funds 100% Safeguarded for African Startups, Enterprises and VCs: Platform used by MTN, Jumia, Maersk and Interswitch
Verto, London-based and authorised by the UK FCA as an Electronic Money Institution, has launched 100% Safeguarded USD accounts that see funds deposited held in protected accounts. Following the recent [...]What is a venture holding company? Revolutionizing the landscape of venture investment in Africa
With the fall of Silicon Valley Bank just days ago, many questions remain unanswered about the future of startup funding across the globe. The ripples witnessed in the startup ecosystem, [...]
Flutterwave expands its services in East Africa with new licenses in Rwanda
Flutterwave, Africa's leading payments technology company, has received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda. This move will help the company expand its operations [...]South African Reserve Bank Launches PayShap-New Payment System
The South African Reserve Bank(SARB) has launched PayShap, a fast payment platform which has been introduced with the initial backing of four major banks: Nedbank, Absa, Standard Bank, and FNB. [...]US Firm Titan Lithium Expands Operations in Tanzania, Finds Lithium Deposits with High Grades near Mt Kilimanjaro
Titan Lithium Inc, a US-based company, plans to expand its operations in Tanzania following the discovery of lithium deposits in the region. The company has found lithium deposits in two [...]Celo community approves creation of African DAO to scale Web3 in underbanked communities
The Celo community has approved the creation of a community DAO in Africa with the goal of scaling Web3 to developers and builders at the grassroots. The proposal was made [...]Stanbic Holdings Reports Strong Financial Results, Declares KES 4.98 billion in dividends
Stanbic Holdings Plc has released its full-year 2022 financial results, revealing a strong performance across all revenue lines. Despite the challenges faced in the market, the bank achieved a significant [...]Central Bank of Nigeria Issues Operational Guidelines for Open Banking
The Central Bank of Nigeria has issued operational guidelines for open banking in Nigeria. Open banking is a financial concept that allows third-party financial service providers to access banking data using [...]Court Dismisses Case Against Coca-Cola Over KES 900 Million Tax Dispute
The High Court dismissed a lawsuit filed by the Kenya Revenue Authority (KRA) against Coca-Cola, in which they aimed to recover a sum of KES 900 million. Justice Chacha Mwita [...]Paxful CEO Ray Youssef sees potential for Bitcoin adoption to unite Africa and bring prosperity
At the inaugural Africa Bitcoin Conference (ABC) that took place in Accra, Ghana, we had a chat with Ray Youssef, the co-founder and CEO of Paxful, the peer-to-peer global finance [...]
