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AfricArena Tunisia Summit Celebrates Technological Advancements

October 17, 2023 by Chinelo Ezeobi

The AfricArena Tunisia Summit, concluded in October 2023, showcased the burgeoning tech ecosystem in Tunisia, with startups from across Africa presenting innovative solutions. Led by AfricArena’s Founder and CEO, Christophe Viarnaud, the summit highlighted the significant increase in investments in Tunisia’s technology sector. Recognition for Innovative Concepts During the awards ceremony, champions in various pitch … Read more

Koree Emerges as the Winner of the 2023 Ecobank Fintech Challenge

October 11, 2023 by Elijah Kimani

In a thrilling finale, Koree, a fintech company hailing from Cameroon, has secured the coveted title of the overall winner in the 2023 Ecobank Fintech Challenge. The competition, which attracted a staggering 1,400 fintech entries from 64 countries, showcased the burgeoning innovation and talent within the fintech space, particularly on the African continent. The Elite … Read more

Ghana Ranks Second in Growth of Mobile Money Services in Africa: Insights from the 2023 Oxford Economics Africa Report

October 9, 2023 by Kwesi Adu Amoako

In the latest edition of the 2023 Oxford Economics Africa Report, titled “The Africa Risk-Reward Index,” Ghana emerges as a significant player, securing the second position in Africa for the growth of mobile money services. This noteworthy standing places Ghana just behind Côte d’Ivoire in the continent’s mobile money landscape. The report highlights that the … Read more

Closing Chapters: Dash Fintech Shuts Down Operations

October 6, 2023 by Kwesi Adu Amoako

Dash, the Ghanaian fintech trailblazer aiming to revolutionize cross-border payments for Africans by seamlessly connecting mobile money wallets, has officially closed its doors. The news of the startup’s shutdown broke through WeeTracker, signaling the end of its ambitious journey. Ambitious Beginnings Established in 2019 by Prince Boakye Boampong, Dash drew significant investor enthusiasm for its … Read more

Paystack Unveils Virtual Terminals to Revolutionize In-Person Payments in Nigeria

October 5, 2023 by Chinelo Ezeobi

In a strategic move to further bolster its position in Nigeria’s thriving fintech landscape, Paystack has introduced virtual terminals as a groundbreaking solution for merchants. This innovative product empowers businesses to seamlessly accept payments through bank transfers, eliminating the constraints associated with traditional point-of-sale (POS) devices. Details of the Virtual Terminals Paystack’s virtual terminals emerge … Read more

Navigating Startup Funding: A Beginner’s Guide to Investment Jargon

October 3, 2023 by Elijah Kimani

Embarking on the journey of securing early-stage financing for your startup is an exciting but complex endeavor. To successfully navigate this terrain, it’s crucial to familiarize yourself with the key jargon used by investors, as these terms play a pivotal role in shaping the terms of your relationship with them. Remember, obtaining funding from investors … Read more

SpaceX’s Starlink and Jumia Partner to Boost Internet Access in Africa

October 3, 2023 by Chinelo Ezeobi

In a groundbreaking move, Elon Musk’s SpaceX has joined forces with Jumia, a prominent African e-commerce company, to extend broadband internet connectivity across the continent. Key Details Jumia is set to offer Starlink satellite terminals for sale in eleven carefully selected African nations, with Nigeria being the first to experience this expansion in the coming … Read more

Nigeria Federal Minister to Share Agenda for Nigeria’s Digital Economy at TechCabal Moonshot 2023

September 23, 2023 by BiznetTeam

About The Event TechCabal, at the forefront of Africa’s dynamic technology landscape, is proud to present its inaugural Moonshot Conference 2023. Scheduled for October 11th and 12th in Lagos, Nigeria, this two-day event promises to be a groundbreaking moment in the world of technology and innovation. The Vision The event has already generated considerable buzz … Read more

Complete Farmer Secures $10.4 Million in Pre-Series A Funding Round

September 20, 2023 by Kwesi Adu Amoako

Ghanaian agricultural marketplace, Complete Farmer, has successfully raised $10.4 million in a pre-Series A funding round, consisting of $7 million in equity and $3.4 million in debt financing. The equity portion of the funding round was co-led by The Acumen Resilient Agriculture Fund (ARAF) and Alitheia Capital, with participation from Proparco, Newton Partners, and VestedWorld … Read more

Payday, Nigerian Fintech, Explores Sale Options Amidst Controversy

September 20, 2023 by Chinelo Ezeobi

In a recent development, Nigerian fintech company Payday is reportedly in discussions with potential buyers for the sale of the company. This move comes just six months after Payday successfully secured $3 million in a seed funding round, indicating a significant shift in the company’s strategy. Moniepoint’s Interest and Past Connections Moniepoint, which previously led … Read more

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