Bolt Expands to Harare, Zimbabwe, Offering Commission-Free Services to Drivers

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In a strategic move, Bolt, the renowned ride-hailing service, has officially launched its operations in Harare, Zimbabwe. The expansion marks Bolt’s 12th country venture, reinforcing its commitment to providing convenient and affordable transportation solutions across the African continent. Key Highlights: Significance Bolt’s entry into the Zimbabwean market not only enhances transportation options for residents but … Read more

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Yellow Card and Coinbase: Paving the Way for Digital Finance in Africa

Yellow Card and Coinbase have joined forces to revolutionize access to digital currency and assets in Africa, marking a significant step toward financial inclusion on the continent. The collaboration involves the integration of the Yellow Card Widget into Coinbase Wallet, facilitating access to Yellow Card’s extensive payment network spanning 20 African countries. Key highlights of … Read more

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Kitui Flour Mills Receives Approval for Rafiki Millers Acquisition

In a significant move within Kenya’s milling industry, Kitui Flour Mills Limited has received approval from the Competition Authority of Kenya (CAK) for its complete acquisition of Rafiki Millers. Rafiki Millers, which ceased operations in April 2021, was engaged in wheat milling and confectionery business, holding a 3% market share. Kitui Flour Mills Limited, the … Read more

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Ghana Takes a Firm Stand: Licensing Required for Cybersecurity Service Providers

In a bid to fortify its cybersecurity landscape, Ghana has raised the drawbridge, barring entry to Cybersecurity Service Providers (CSPs), Cybersecurity Establishments (CEs), and Cybersecurity Professionals (CPs) without the proper license or accreditation. This bold move, effective from January 1, 2024, comes on the heels of a deadline issued by the Cybersecurity Authority on December … Read more

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Coinbase and Yellow Card Unite to Revolutionize Digital Asset Access in Africa

In a move set to reshape the digital asset landscape across Africa, Coinbase, the leading U.S. cryptocurrency exchange, and Yellow Card have joined forces to enhance access to USDC and digital assets on the continent. Coinbase Wallet Meets Yellow Card Widget: A Game-Changer for Africa Coinbase has seamlessly integrated the Yellow Card Widget into its … Read more

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Talus Pay Bolsters Fintech Arsenal with Jobox.ai and Clarus Merchant Services Acquisition

In a strategic move to fortify its position in the fintech sector, Talus Pay has successfully acquired Jobox.ai and Clarus Merchant Services. This acquisition not only marks a significant expansion for Talus Pay but also opens avenues for accelerated development in the highly competitive U.S. market. Strengthening Fintech Presence With the incorporation of Jobox.ai and … Read more

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Fintech Trailblazer Koree Secures $200,000 in Pre-Seed Funding

Cameroon-based fintech startup, Koree, is making waves in the financial technology landscape with a recent pre-seed funding injection of $200,000. The backing comes from a consortium of investors, including Cameroon Angels Network, Catalytic Africa, Digital Africa, and various private backers. Empowering Users to Save Spare Change Koree’s innovative solution addresses the challenge of spare change … Read more

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Ethiopian Airlines Secures $450 Million Loan for Fleet Expansion with Citi’s Support

Ethiopian Airlines, the largest carrier in Africa, has recently revealed a significant milestone in its growth strategy—an agreement for a USD $450 million loan to fund the acquisition of five new Boeing aircraft. The deal comprises three Boeing 737-8 and two Boeing 777F (Cargo) planes. Facilitated by Citi’s Corporate Banking and Export Agency and Finance … Read more

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How to Calculate Company Valuation: A Step-by-Step Guide for Investors

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Investors navigating the complex landscape of financial markets understand the crucial role of company valuation. Whether you’re a seasoned investor or just starting, grasping the intricacies of assessing a company’s worth is fundamental. In this comprehensive guide, we’ll break down the process step by step, empowering you to make informed investment decisions. 1. Understanding the … Read more

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IMF and World Bank Grant Somalia $4.5 Billion Debt Relief, Significantly Boosting Economic Prospects

Somalia has received approval for debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative from the IMF and World Bank, translating into substantial savings of $4.5 billion for the country. This strategic move has significantly slashed Somalia’s external debt from 64% of GDP in 2018 to less than 6% by the close of 2023. … Read more