Flutterwave Granted Court Order to Recover Millions Lost in Unauthorised Transactions
The issue arose when Flutterwave discovered on October 10, 2023, that certain PoS device merchants had misused their access to its platform due to a technical glitch.
Kenyan E-commerce Platform, Wasoko, Faces Backlash Over Merger Plans with Egypt’s MaxAB
Nine former employees took legal action against Wasoko, claiming they were unfairly dismissed without adequate notice or compensation.
Klas, Nigerian Edtech, Raises $1M and Sets Sights on India and North America Expansion
Techstars Toronto also gave them a nod, picking them as one of nine African startups for their 2022 Winter lineup.
Absa Bank Launches New WhatsApp Banking Wallet in South Africa
WhatsApp is hugely popular in South Africa, with over 90% of internet users on the platform. It's expected to keep growing, reaching 28 million users by 2026.
Internet Shutdown in Senegal Amidst Election Postponement Sparks Outcry
Following the delay of the presidential election on February 3, 2024, which triggered widespread protests, the Senegalese government has cut...
Boost Teams Up with Mastercard to Empower Small Businesses in Ghana
The goal is to make it easier for merchants to handle payments and access funds for their businesses.
Kofa Revolutionizes Urban Energy: Ghana’s E-Bike Startup Unveils Next-Gen Battery Swap Network
The upgraded IoT platform enables automation and auto-repair features, making it a game-changer in the region.
Flutterwave Triumphs: Kenyan Court Releases $3 Million in Fintech Legal Battle
With the funds released, Flutterwave's next move is to seek a payments and remittance licence in Kenya, where it currently operates through partnerships, including with Uber.
MultiChoice Rejects Canal+’s $2.5 Billion Offer, Citing Undervaluation
Vivendi, Canal+'s parent company, is experienced in hostile takeovers, having orchestrated at least two similar acquisitions.
CBN Implements Sweeping Changes: Banks and Fintechs Restricted from International Money Transfers
Banks were directed to limit FX exposure and sell excess dollars after a significant drop in the official naira rate.