Kenya to Grant Payment Licenses: Flutterwave and Chipper Cash Poised to Lead
Companies like Flutterwave and Chipper Cash are eagerly awaiting these licences.
Copia Global Pursues New Funding Following This Week’s Layoffs
Copia assured employees they would be informed about potential job openings, showing the administrators' commitment to reviving the company.
Nigerian Fintech Startups Face $1 Million Bill for KYC Address Verification
These figures might be higher since some fintech executives didn't disclose their verification expenses.
Wema Bank Boosts Security with Facial Recognition Tech Following ₦685 Million Fraud Loss
By integrating these solutions, Wema Bank can now handle both onboarding and authentication across multiple channels from a single platform.
Uber and Bolt Claim Kenya’s Economic Presence Tax Puts Business at Risk
Ride-hailing companies Uber and Bolt warn their operations in Kenya could become unsustainable if the parliament passes a proposed 6% Significant Economic Presence (SEP) tax outlined in the Finance Bill 2024.
Bolt Suspends 6,000 South African Drivers for Misconduct, Following Nigerian Suspension
Public outrage and threats of lawsuits have pushed companies like Bolt to take action.
Canal+ Moves Forward with MultiChoice Acquisition Offer
Previously, Canal+ owned 35% of MultiChoice but has been increasing its stake by purchasing shares on the open market.
CcHub Launches “Let’s Build, Africa” Program to Boost African Startups
The "Let’s Build, Africa" initiative focuses on aiding startups ready for cross-border expansion but needing strategic advice and support to adapt to new environments.
CBN Lifts Ban on New Account Openings for OPay, Moniepoint, and Others
The ban's removal suggests that these fintechs have now met the CBN’s KYC standards.
Zambian Construction E-Commerce Startup Bosso Secures $400K in Pre-Seed Funding
The $400,000 pre-seed round was funded by Leonard by Vinci, Launch Africa Ventures, Renew Capital, Change-Com, and several angel investors.