News
Egyptian Wealthtech Bokra Raises $4.6 Million Pre-Seed
Bokra, a Cairo-based fintech, announces the closure of its $4.6 million pre-Seed round led by DisrupTech Ventures, and SS Capital alongside other investors. The company aims to revolutionise wealth management in the MENA region by being the first platform to
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4 Fast-Growing Fintech Startups in Tanzania to Follow
Tanzania is home to small and nascent fintech sector that comprised just a little over 30 companies in 2021, data from a study conducted by the United Nations Capital Development Fund (UNCDF) show. But despite its relatively small size, the
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The Central Bank of Mauritania Commissions G+D to Design a Digital Currency
German SecurityTech company Giesecke+Devrient (G+D) and Banque Centrale de Mauritanie have signed an agreement during the Spring Meetings of the International Monetary Fund and the World Bank Group to jointly explore the development of a digital form of the national
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AI Could Create a Turning Point for Financial Inclusion in Africa
It’s difficult to imagine a time before the widespread adoption of mobile technology in Africa – particularly where financial services are concerned. For millions of unbanked people, transactions were limited to cash, postal services or even the barter system. Now,
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Nigeria’s Fintech Startups Leverage Advanced Digital Marketing Growth Strategies
In Nigeria, fintech companies are harnessing sophisticated digital marketing tools to drive growth, enhance brand visibility and build lasting relationships with customers in today’s digital-first world. Recent findings from the Africa Fintech Summit reveal that in 2023, Nigerian fintech enterprises
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Blocks for Building and Expanding Fintechs in Tanzania
According to the IMF, Tanzania, a nation of 60 million people, is among the fastest-growing economies in 2024. Over the past two years, the Fintech industry in Tanzania has experienced significant growth, and you don’t need to use a telescope
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Redefining Resilience for Banks in the Digital Era With the Four Zeros
The banking industry stands at the brink of a major transformation, driven by rapid technological advancements and changing customer expectations in a dynamic digital landscape. This transformation is not without its challenges, as banks grapple with the critical task of
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Telco-Backed Platforms Leads E-Wallet Market in Africa and the Middle East
Africa and the Middle East boast 12 prominent e-wallets. These platforms are primarily provided by telecom companies, enable users to varied operations from the mobile phones, including payments, money transfers and remittances, and are gaining ground at a fast pace,
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Flutterwave Appoints Former Central Bank of Nigeria Director as Chairman
Flutterwave has announced the appointment of Dipo Fatokun as the new Chairman of Flutterwave Technologies Solutions Limited. He brings a comprehensive regulatory understanding and supervisory experience to solidify Flutterwave’s dedication to upholding the highest regulatory, compliance, and governance standards. Mr
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Top 10 Fintech Events in Africa to Attend in Q2 2024
Africa is emerging as one of the fastest-growing fintech markets globally. With half of the world’s mobile money accounts and successful fintech solutions like M-Pesa catering to the population’s needs, Africa’s fintech sector is blossoming. The continent is currently home
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