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FinTech

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Tanzanian fintech Nala secures $40M Series A funding

Tanzanian payments company Nala has raised US$40 million in Series A funding to be used for its global expansion plans and enhancing its payment systems on the continent.

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Orange Energies opens digital platform to African producers

Telecom operator Orange is opening its digital platform, Orange Smart Energies, which provides prepaid access to energy through solar kits and smart meters to all energy producers in Africa.

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Nigeria's ThriveAgric partners with Visa to expand into Kenya

Nigerian Agritech startup ThriveAgric is partnering with Visa to support its expansion into Kenya as it launches more hubs to support up to 10,000 local farmers.

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Mastercard invests $2M to support African content creators

Mastercard has announced a US$2.04 million investment in partnership with African influencer marketing platform Wowzi and Masria Digital Payments (MDP).

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The state of digital transformation in African banks

The 2024 African Banking Digital Transformation Report has found that 60% of African banks have now digitally transformed most of their operations, while 76% of banks in Africa rank digital transformation as either their top priority or among the top three.

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Visa shortlists fintech startups for accelerator program

Payments giant Visa has announced the 18 startups from sub-Saharan Africa that were shortlisted for the second cohort of its Africa Fintech Accelerator program.

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Pyypl plots African fintech growth

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.

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Zimbabwe to allow mobile money agents to operate again

Zimbabwe has reportedly announced that it would allow mobile money agents to operate in the country again to boost the use of its new gold-backed currency.

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Tanzania bans unlicensed digital lenders

The Bank of Tanzania has announced that it will no longer allow unlicensed digital lenders to operate in the East African country.

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Egypt, Ethiopia impact Vodacom earnings

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.

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Currency devaluations hit Airtel Africa earnings, despite user growth

Pan-African operator Airtel Africa has reported an $89 million loss after tax due to significant currency devaluations in Nigeria, Malawi, Zambia and Kenya, despite growing its subscribers across the region over the past year.

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India partners with Ghana, Namibia towards instant payment systems

India has partnered with Ghana's government and Bank of Namibia to link its Unified Payments Interface (UPI) to allow users to make instant, low-cost fund transfers.

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Innovation hub

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Illara Health aims to improve quality of care in Kenya

Kenyan healthtech startup Illara Health aspires to improve the quality of care in the country's clinics by providing equipment financing and digitizing facilities with its software.

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Orange opens digital center in Guinea-Bissau

Pan-African operator Orange has opened an Orange Digital Center (ODC) in Guinea-Bissau.

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Cyber Revolution Summit
August 9, 2024
Gaborone, Botswana
Africa Tech Festival 2024
November 12-14, 2024
Cape Town, South Africa
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Africa Tech Perspectives

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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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Guest Perspectives

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Leadership Lessons: The importance of mentorship for career growth

By Nollie Maoto

Nollie Maoto, First Rand Group's compliance chief data and analytics officer and Africa Tech Festival Leadership Council member, reflects on the importance of mentorship for career growth for African women in data analytics.

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Omdia View: May 2024

By Omdia Analysts

May 2024's telecoms highlights in the Middle East and Africa included African 5G subscriptions surpassing 5 million, growth from SpaceX's satellite Internet service Starlink, and a major fiber partnership in the Middle East and North Africa.

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