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FinTech

Content tagged with FinTech

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Pyypl plots African fintech growth
  • Paula Gilbert
Blockchain financial services and remittances company Pyypl is rapidly growing its operations across the Middle East and Africa with ambitions to triple its monthly active user base by the end of 2025.
Egypt, Ethiopia impact Vodacom earnings
  • Paula Gilbert
Vodacom Group reported strong revenue growth in the past financial year, boosted by the addition of Vodafone Egypt, but earnings were pulled down by startup costs in Ethiopia, higher finance and energy costs, and inflationary pressure.
Egypt to launch its first digital bank
  • Matshepo Sehloho
The Central Bank of Egypt (CBE) has granted Misr Digital Innovation (MDI) preliminary approval to launch the country's first digital bank.
Interview: AFF Director Munyi Nthigah on digital financial inclusion
  • Connecting Africa Video
Africa Fintech Festival (AFF) 2024 Festival Director Munyi Nthigah spoke to Connecting Africa Associate Editor Matshepo Sehloho at the Africa eGovernance Conference (AfreGov) in Kigali, Rwanda, about the importance of financial inclusion on the African continent.
Connecting Africa Podcast: S3 Ep. 2 – Nigeria's king of micro-payments
  • Paula Gilbert
On this episode, we speak to Touch and Pay Technologies Co-Founder and Chief Growth Officer Michael Oluwole about how the startup is digitizing and processing micro-transactions in Nigeria's transport sector and his aspirations to grow the service across the continent.
Paymentology looks to strengthen its African roots
  • Paula Gilbert
Global issuer-processor Paymentology's CEO Jeff Parker spoke to Connecting Africa about the company's African roots and aspirations to work with more banks, fintechs and enterprises both on the continent and globally.
Interview: JUMO's Joe Mucheru on AI's role in fintech
  • Connecting Africa Video
JUMO President Joe Mucheru joined Connecting Africa Editor Paula Gilbert for a video interview to talk about the fintech company's work across Africa and how it's using artificial intelligence (AI) to provide credit to millions of Africans.
West Africa has become mobile money powerhouse – GSMA
  • Paula Gilbert
The GSMA's new 2024 State of the Industry Report on Mobile Money shows that in 2023, over a third of new mobile money accounts globally were from West Africa and the region has doubled its overall number of mobile money accounts over the past ten years.
African governments must be enablers of innovation
  • Matshepo Sehloho
Panelists at the Africa eGovernance Conference (AfreGov) urged African governments to become enablers and create environments that allow citizens to participate in the digital economy.
Connecting Africa Podcast: S3 Ep. 1 – Trending topics in 2024
  • Paula Gilbert
The Connecting Africa Podcast is back for season three. In this episode, we discuss startups and companies making their mark across emerging trends like social commerce, AI and smartphone affordability, and we venture into the hot topic of climate tech.
MWC 2024: African telco deals
  • Paula Gilbert
Connecting Africa has compiled a list of all the major deals that African operators announced at MWC 2024 in Barcelona, Spain.
Omdia View: January 2024
  • Guest Perspectives
Highlights in January 2024 in the Middle East and Africa included a $200 million fintech deal between MTN and Mastercard as well as 5G network trials by Telecom Egypt – that and more in this month's Omdia View.
SA's iKhokha invests $105M in small businesses
  • Matshepo Sehloho
South African fintech firm iKhokha has distributed more than 2 billion South African rands (US$105 million) in working capital to its small and midsized enterprise (SME) customer base.
Mastercard appoints new West Africa head
  • Matshepo Sehloho
Global payments firm Mastercard has appointed Folasade Femi-Lawal as its new country manager and area business head for West Africa.
Interview: Orange's Brelotte Ba on digital inclusion
  • Sponsored Video
Orange's Middle East and Africa Deputy CEO, Brelotte Ba, spoke to Connecting Africa at Africa Tech Festival 2023 about the operator's work across Africa to improve digital inclusion. He shared how Orange is focused on expanding beyond just connectivity solutions, to provide digital services that are relevant to the communities it serves, including key areas like mobile money and energy services. #sponsored
Safaricom users in Ethiopia tick up
  • Paula Gilbert
Kenyan-headquartered Safaricom now has 9 million mobile customers in Ethiopia and just over 3 million M-Pesa users after a year of operating in the Horn of Africa nation.
Global 'funding winter' hits African tech startups
  • Paula Gilbert
Disrupt Africa's latest African Tech Startups Funding Report shows that investment into startups fell 28% to US$2.4 billion in 2023, as the global "funding winter" began to bite.
Four African cloud startups to watch in 2024
  • Matshepo Sehloho
Connecting Africa has compiled a list of four cloud-powered startups that have been making an impact on the lives of the communities they serve and are worth watching in 2024.
Hot startup of the month: Kenya's eBiashara
  • Matshepo Sehloho
Connecting Africa's hot startup this month is Kenya's eBiashara, a supply chain finance platform that offers scalable cloud solutions to its customers.
Vodafone, Microsoft partner to move M-Pesa to the cloud
  • Paula Gilbert
Vodafone and Microsoft have announced a $1.5 billion, ten-year strategic partnership across Europe and Africa, which includes housing mobile money platform M-Pesa on Azure and enabling generative AI services.
Interview: Vodacom's Mariam Cassim on the evolution of MFS
  • Connecting Africa Video
Vodacom's CEO of Financial and Digital Services, Mariam Cassim, joined Connecting Africa Editor Paula Gilbert for a video interview to talk about the evolution of Vodacom's mobile financial services (MFS) portfolio.
Bolt Kenya adds feature to stop offline trips
  • Matshepo Sehloho
Ride-sharing platform Bolt in Kenya has introduced a new feature on its app called 'Driver Asked to Pay Off-the-App' to discourage riders from taking trips offline and paying off the app.
Hot startup of the month: Nigeria's Enricher
  • Matshepo Sehloho
Connecting Africa's hot startup is Nigerian Enricher, a halal wealth management platform that enables individuals and corporates to grow their wealth while adhering to the principles of Sharia law.
ATF 2023: Vodacom SA CEO Sitho Mdlalose on 5G, fintech & fiber
  • Connecting Africa Video
Vodacom South Africa CEO Sitho Mdlalose spoke to Connecting Africa Editor Paula Gilbert at Africa Tech Festival 2023 about the telecoms market in South Africa and Vodacom's strategy for growth in 5G, fintech and fiber.
Cassava Tech Talks Ep. 4: More than mobile money
  • Paula Gilbert
In the latest Cassava Tech Talks podcast we discuss financial inclusion in Africa and how the ecosystem is evolving beyond just mobile money. Guests are Darlington T Mandivenga, CEO of Sasai, and Kalvin Bahai, principal economist at GSMA Intelligence. #sponsored
Onafriq aims to create digital pathways for Africa
  • Matshepo Sehloho
African fintech platform Onafriq believes its on a journey to become an omnichannel, multichannel digital platform for African consumers to connect to the rest of the world.
Orange launches super app 'Max it' for Africa
  • Paula Gilbert
Telecoms operator Orange has launched its own super app, called Max it, in five African countries with plans to roll it out across its operations in Africa and the Middle East.
MWC Kigali: GSMA's Caroline Mbugua on mobile taxes in Africa
  • Connecting Africa Video
GSMA Director of Public Policy for sub-Saharan Africa, Caroline Mbugua, spoke to Connecting Africa at MWC Kigali 2023 about how high taxation on Africa's mobile sector is impacting device and service affordability for consumers.
ATF 2023: African startups win big
  • Matshepo Sehloho
The Africa Tech Festival held last week in Cape Town, South Africa, saw African startups winning accolades for their innovative skills as well as technological prowess.
MWC Kigali: Rosemary Kimaku on Ericsson's fintech business
  • Connecting Africa Video
Rosemary Kimaku, business development manager for mobile financial services (MFS) at Ericsson spoke to Connecting Africa at MWC Kigali 2023 about Ericsson's MFS business and how fintech is aiding financial and digital inclusion.
MWC Kigali: Safaricom CEO Peter Ndegwa on connectivity in Kenya
  • Connecting Africa Video
Safaricom CEO Peter Ndegwa joined Connecting Africa Editor Paula Gilbert at MWC Kigali 2023 for a video interview about the telecoms market in Kenya – the growth of 4G and 5G, M-Pesa and the telco's venture into Ethiopia.
Orange eyes more African 5G launches in 2024
  • Paula Gilbert
Orange Middle East and Africa CEO, Jérôme Hénique, told Connecting Africa that the group plans to launch 5G services in most of its African operations by the end of 2024, with Senegal and Côte d'Ivoire first in line.
Chipper Cash strengthens partnership with Visa
  • Connecting Africa News
Financial services company Chipper Cash has announced an expanded strategic partnership with Visa to collaborate on card issuance and join forces across regulatory and functional areas.
Vodacom SA, Old Mutual to offer personal loans
  • Paula Gilbert
Telecoms operator Vodacom is expanding its lending business to now offer personal loans in South Africa through a partnership with credit provider Old Mutual Finance.
Safaricom launches M-Pesa in Ethiopia
  • Paula Gilbert
Mobile financial services platform M-Pesa is now officially live in Ethiopia, three months after Safaricom Ethiopia was given a license to operate mobile money in the country.
The 100 most influential African leaders in 2023
  • Africa Tech Perspectives
A new report from Africa Tech Festival and Connecting Africa puts a spotlight on the top 100 African leaders in the telecoms and technology sector in 2023.
Africa's fintech market to top US$65B by 2030
  • Paula Gilbert
South Africa, Nigeria, Egypt, and Kenya are leading the way for Africa to become the fastest growing fintech market, with fintech revenues projected to grow thirteenfold to US$65 billion in 2030, according to a report from Boston Consulting Group and QED Investors.
Digital banking group Tyme raises another $77.8M
  • Paula Gilbert
Tyme has raised another US$77.8 million in a pre-series C capital raise, securing two new international investors, while South African flagship TymeBank's customers have reached 7 million.
Vodacom reports revenue growth despite headwinds
  • Paula Gilbert
Vodacom Group reported strong financial growth for the year, despite facing headwinds from power supply issues in South Africa, startup costs in Ethiopia, supply chain challenges and higher interest and inflation rates.
Safaricom granted mobile money license in Ethiopia
  • Paula Gilbert
Kenya's Safaricom has been granted the license to operate its mobile money service M-Pesa in its new territory of Ethiopia, as the Ethiopian rollout costs put strain on group earnings.
Mobile money transactions hit $1.26T in 2022 – GSMA
  • Paula Gilbert
Total mobile money transaction values grew 22% in 2022 to US$1.26 trillion, according to the GSMA State of the Industry Report on Mobile Money 2023, and there are 1.6 billion registered mobile money accounts globally, 781 million of which are in Africa.
Mukuru opens fintech drive-thru in Zimbabwe
  • Matshepo Sehloho
South Africa-based fintech platform Mukuru has launched a drive-thru service for domestic and international money transfers in the Zimbabwean city of Harare.


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Orange Ventures, Digital Africa promise more funding for startups

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Hot startup of the month: Rwanda's Ampersand

Connecting Africa's hot startup this month is Rwanda's Ampersand, which designs, builds, and manufactures electric motorcycles and battery packs for motorcycle taxis.

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Uber's Marjorie Saint-Lot on inclusion and sustainability in Africa

Uber's Country Manager for Ghana and Cote d'Ivoire, Marjorie Saint-Lot, shares how the ride-hailing company is approaching public-private partnerships, environmentally friendly initiatives and gender inclusion in Africa.

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The 100 most influential African leaders in 2023

A new report from Africa Tech Festival and Connecting Africa puts a spotlight on the top 100 African leaders in the telecoms and technology sector in 2023.

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Deep dive into East Africa's tech startup ecosystem

New survey reveals a lack of access to investors, reliance on international VCs and global recession trends as the biggest barriers for East African tech startups to access funds.

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Omdia View: April 2024

By Omdia Analysts

April 2024's telecoms highlights in the Middle East and Africa included a license for Starlink in Ghana, new mobile termination rates in Ethiopia, and 6G trials in Bahrain – that and more in the latest Omdia View.

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Leveraging agritech to build resilience against climate change

By Francis Hook

ICT analyst Francis Hook discusses agritech in Africa and how the agricultural sector is using technology to build resilience against the negative effects of climate change and to ensure food security.

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