News

Discover Eight Tech Features That Will Prepare You for the Future of BNPL

Buy Now, Pay Later (BNPL) is booming – some experts predict it could grow by up to 400% in the next few years. BNPL products have gone from interesting new option to a household staple in recent years. And, like

Egypt

Egyptian Fintech MNT-Halan Gets Unicorn Badge With US$400 Million Raise

Egyptian fintech MNT-Halan announced that it has raised up to US$400 million in equity and debt financing, pushing its valuation to over US$1 billion. The funds came from Chimera Abu Dhabi which has invested more than US$200 million in equity

Nigeria

Nigeria’s Agri-Fintech Sector On the Rise

In Nigeria, agricultural technology (agritech) entrepreneurs are leveraging technology and digital platforms to help tackle the massive funding gap faced by small and medium-sized agriculture businesses. This burgeoning sector is attracting the interest of funders and gaining support from organizations

Kenya

Fintech Emerges as Kenya’s Most Prevalent Tech Startup Sub-Sector

In Kenya, fintech has emerged as the country’s most prevalent tech startup sub-sector, accounting for 30.2% of all young tech companies in the nation and employing most of the ecosystem’s staff, a new report by Disrupt Africa, a local media

Egypt

Egypt’s New Financial Inclusion Strategy

The Central Bank of Egypt (CBE) has launched its Financial Inclusion Strategy 2022-2025, a national development plan focusing on expanding access to financial services, developing financial literacy and facilitating the introduction of innovative financial products that meet consumers as well

Various

Visa to Invest $1 Billion in Africa to Accelerate Digital Transformation

During the U.S-Africa Business Forum, Visa announced a pledge to invest $1 billion in Africa over the next five years to advance resilient, innovative, and inclusive economies across the continent. Visa’s expanded investments demonstrate the company’s long-term commitment to Africa’s

Kenya Nigeria

World Bank’s IFC Launches New Venture Capital Platform to Invest in Tech Startups

The International Finance Corporation (IFC) has launched a new US$225 million venture capital platform to invest in early stage companies in Africa, Middle East, Central Asia, and Pakistan. According to the IFC, these regions collectively received less than two percent

Algeria Kenya Mauritius Nigeria South Africa

African Fintech Sector Attracts More Funding

The African fintech sector is gaining interest from global investors. Recently, Algerian super app Yassir announced that it had raised US$150 million in Series B funding – making it North Africa’s most significant funding to date. Participating investors led by

Ethiopia

Hibret Bank Launches E-Commerce Digital Payments Solution With Mastercard

Ethiopia’s Hibret Bank has partnered with Mastercard to launch Hibir e-commerce, a digital payments platform for Ethiopian businesses to accept international card payments for online purchases. The platform, enabled by Mastercard Payment Gateway Services, allows businesses and merchants to accept

Egypt South Africa

Vodacom, Alipay to Launch Financial Services App VodaPay in Egypt

South Africa’s Vodacom Group is planning to launch its Alipay-enabled financial services app VodaPay in Egypt, according to a Bloomberg interview with Vodacom’s CEO Shameel Joosub. The launch comes after the mobile communication company obtains the necessary approvals to acquire