Updates on trends of various African markets, including stock markets, real estate, commodities, and more.
In a strategic move to penetrate the Ivory Coast market, digital commerce startup Tappi has announced a partnership with telecommunications giant MTN. Founded in 2022 by Kenfield Griffith and Louis Majanja, Tappi aims to empower small businesses by offering affordable online promotion services starting at just $8 a month. With a focus on providing simple … Read more
In a strategic move that could reshape Nigeria’s financial landscape, Interswitch, the powerhouse in Nigerian payments and a Visa-backed entity, has announced a merger with M-Kudi, a prominent player in the mobile money services sector. Digging Deeper: Unlocking New Avenues Pending regulatory approval, this merger isn’t just about combining forces; it’s a crucial step for … Read more
In financial technology (fintech), Ghana’s journey has been one of remarkable growth and resilience. The latest report from the Bank of Ghana unveils a fascinating narrative of progress, showcasing a significant surge in the value of local fintech transactions. Let’s delve into the key highlights of the report and explore the trends shaping the fintech … Read more
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
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
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
In a groundbreaking success, Copianto AI, a conversational AI search platform catering to enterprises, secured a substantial €100,000 investment on the entrepreneurial reality show Shark Tank Malta. The funding round saw the active participation of four angel investors: Mark Bajada, Alex Fenech, Kirsy Kullman, and Dino Fino. With this significant investment injection, Copianto AI aims … Read more
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
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
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