Flutterwave Secures Key Payment Licence in Mozambique Amid Security Concerns
Despite these challenges, Flutterwave is pushing forward with its expansion into southeastern Africa.
Glovo Partners with Siltech to Introduce EV Bikes and Charging Network in Lagos
Under the partnership terms, Glovo will pay for Siltech's services at a discounted rate, making it more cost-effective than using petrol.
Lagos to Join States Adopting Nigeria Startup Act with New Bill
Key features of the bill include a research and innovation fund, registration for research and innovation institutions, tax and fiscal incentives, accelerators and incubators, and capacity development programs.
Raxio Opens Data Centre in Mozambique, Plans Further Expansion Across Africa
According to the company, Raxio MZ1 allows customers to connect with local and international carriers and other customers in specially designed meet-me rooms.
Botswana Approves Starlink License Following President Masisi’s Meeting
With this move, Botswana joins Zimbabwe, which approved Starlink last week after President Emmerson Mnangagwa urged swift regulatory action.
Paystack-Led Group Acquires Brass, Announces CEO Replacement
The acquisition ends months of uncertainty for Brass, which started in October 2023 when customer withdrawal delays led to liquidity concerns and rumours of a shutdown.
Santam Acquires SA Home Services Marketplace Kandua
Kandua will merge with Santam’s existing home service branch, Home+, to form an independent subsidiary under Santam.
Payment24 Partners with Mastercard to Enhance EMV Adoption in EEMEA Fleet Sector
Payment24 started as a digital fuel management and telematics platform but has grown into a global payments provider, offering solutions for the financial, oil, retail, transport, and logistics sectors.
Copia Enters Administration After Failing to Secure New Funding
In July 2023, Copia cut operations and laid off 350 staff. Earlier, it had reduced its workforce by 50 employees to cut labour costs while seeking profitability.
Orca Fraud Secures $550K Pre-Seed Funding to Tackle Fraud in Emerging Markets
Orca, based in Cape Town, plans to use the funds to develop fraud prevention tools tailored for emerging markets and to expand its all-female team.