Payments Processor PayRetailers Expands into Kenya, Nigeria, Six Other Countries
PayRetailers, the Latin America-based payment processor, has expanded into Kenya and seven other markets in the region, bringing its total presence on the continent to 12 countries. Expanding into eight [...]
4G Capital Appoints Former M-Kopa MD Julian Mitchell as CEO
African fintech, 4G Capital, has appointed Julian Mitchell as its new CEO, as the fintech's founder Wayne Hennessy-Barret takes up the position of Executive Chairman. I am delighted to join [...]Kenyan Fintech Kopo Kopo Appoints New CEO As Acquisition Looms
Kopo Kopo, a fintech that provides short-term loans, has appointed Dennis Ondeng as its new CEO, and made three other senior leadership changes amidst acquisition plans by Nigerian fintech giant [...]Tax Tribunal Rules Against Car General on Subsidiaries' Profits
Car General has been barred from using profits from its two subsidiaries Watu Credit and Cummins CG Joint Venture to reduce its tax obligations in a Tax [...]Zambian Neobank Lupiya Outsources Card Product to Network
Zambian fintech and neobank Lupiya has appointed Network as its digital payments technology partner to launch a new debit card, the company said in a statement. Lupiya's solution is meant [...]
Nigerian Fintech Rise Finalizes Acquisition of Kenyan Startup Hisa
Rise, a Nigerian global investments startup, has completed its second acquisition in under one year after taking over Hisa, a Kenyan startup that facilitates stock trading. This acquisition aligns perfectly [...]US Fines Nigerian Fintech Boss US$ 250mn Over Fictional Claims'
A US federal court has fined Nigerian fintech entrepreneur, Dozy Mmobuosi, about US$250 million for failing to represent his case to charges leveled against him by the Securities and Exchange [...]Interswitch Partners with Elie Technologies for Contactless Payments
Interswitch East Africa (Kenya) Limited has partnered with Elie Technologies to unveil a contactless payment solution for merchants and customers in Kenya. The solution, dubbed Tumatap, will enable Micro, Small, [...]Sandbox Regulations to Ease Tanzania's Fintech Penetration Approved
The Bank of Tanzania has been lauded for its commitment to reduce regulatory burdens for financial startups in the country, after introducing a sandbox regulation framework for pilot innovators. These [...]Stock-trading App Hisa in Acquisition Talks with Nigerian Fintech Risevest
Nigerian fintech startup Risevest, which provides users with access to global investments and Nigerian stocks, is reportedly in talks to acquire Hisa, a Kenyan startup that offers access to US [...]Minka: A Fintech's Story From Latin America to Africa
Minka, a Colombian fintech that recently announced operations in the region, is trying to resolve the complexities of interbank transactions.Government, KCB Group Push Back as Audit Exposes Hustler Fund Gaps
The government and KCB Group have come out in defense of the Hustler Fund after the Auditor General pointed out management loopholes likely to lead to loss of public money. [...]
