MKOPA Secures $75 Million in its Growth Equity Round
M-KOPA Solar, the world’s leading pay-as-you-go energy provider to off-grid homes, and which also offers underbanked customers finance to acquire smartphones, solar lighting, TVs and domestic appliances, has raised $75 [...]
Smile Identity Launches Enhanced Document Verification in Africa, Europe and North America
From lending to remittances, digital banking to cryptocurrency trading, African businesses and platforms have experienced a surge in demand on the continent and from the diaspora alike, reinforcing the need [...]
Crypto Micropayments Could Save Kenyans USD 80 million by Drastically Reducing Cost of Cross-Border Remittances
A new microwork pilot project in Kenya by Celo Foundation and Mercy Corps Ventures has helped hundreds of Kenyan youth access digital jobs with greater earnings than ever before. The [...]How Technology is aiding the surge in financial solutions at scale in Africa
MNO’s across Africa are continuously investing in their network and coverage infrastructure. Locally, we’ve seen organizations like Safaricom partner with Google to drive smartphone adoption via the Lipa Mdogo Mdogo [...]
Flutterwave Raises $250 Million in Series D Funding
Flutterwave has raised $250 million in its Series D funding, increasing its valuation to over $3 billion. It now becomes the highest valued African start-up. Investors who took part in this [...]Chumz App partners with Nabo Capital to Woo Savers
Chumz, an app that lets anyone with a mobile money wallet create financial goals, and work towards meeting them, has partnered with Nabo Capital to encourage everyone to save. The [...]
Co-op Bank in deal with IFC to Fund HealthCare Equipment Purchase
Co-op Bank has linked up with the International Finance Corporation (IFC) to provide credit to healthcare firms at friendly terms. Those targeted are clinics, hospitals and laboratories with a maximum [...]CBK Takes Plunge into Digital Currency Space
The Central Bank of Kenya (CBK)has finally taken a plunge into the deep waters of digital currency after stalling for a while. Kenya's monetary authority is inviting comments from the [...]Mobile Money Transactions Ups 32% to Hit KSh 6.8 Trillion in 2021-CBK
Mobile money transactions in Kenya grew by 32% in 2021, data from the Central Bank of Kenya(CBK) shows. This growth in mobile money use is attributed to an increase in [...]How African Digital Currency Innovation Found Roots in a Village
Sarafu, a network of community-governed digital currencies running on a public, non-profit University led decentralised ledger system called BloxBerg (an EVM Ethereum blockchain), is cushioning communities in the face of [...]
Airtel Africa Plc Net Earnings in Q3 2021 rise to $ 514 Million
Airtel Africa profit after tax almost doubled to $514Million as higher profit before tax more than offset associated tax charges for the nine months period ended 31st December 2021. Airtel [...]PE Firm Everstrong Capital Buys Majority Stake in Kenya's SealTowers Limited
American Private Equity fund, Everstrong Capital has bought a majority stake in SealTowers Limited, a Kenya-based independent provider of cell towers. However, the deal is still subject to regulatory approvals, [...]
