Kenya’s Startup Bill Poised to Pass Into Law by April 2024
The Startup Bill is designed to provide tax incentives, improve credit access, and create a supportive platform for startups, fostering the country's tech growth.
NALA Secures License for Cost-Effective International Payments to Rwanda
Since 2021, NALA has been active in Rwanda, collaborating with partners to send remittance payments to bank accounts and mobile wallets.
Zazuu, Fintech Made for Africans Ceases Operations
The company, acknowledging the setback, expressed pride in its achievements and the lessons learned.
Fintech Startup Chimoney, Successfully Acquires Scrim
The original mind behind Scrim, Pleasant Balogun, expressed enthusiasm about the acquisition.
Visa Picks 23 African Startups for First-Ever Fintech Accelerator Cohort
Launched in June, this program aims to boost Africa's fintech community, which is leading the charge in innovative payment solutions and connecting the unbanked to the digital economy.
Two Out Five Nigerians Are in Debt: Nigerian Fintech Company Reveals
In a Piggyvest report on the money habits of Nigerians, it was revealed that 36% of Nigerians are owing money. ...
Flutterwave Gains Licence to Boost Malawian International Money Transfers
Despite the increasing importance of remittances in Africa, the World Bank reports that sending money to the region remains more expensive than to any other part of the world.
Paystack and NIBSS Join Forces to Introduce Direct Debit in Nigeria
With Paystack Direct Debit, users can now make automatic payments for subscriptions like Spotify and Netflix without using a debit card. Over 20 Nigerian banks are already integrated into this solution.
West African Super App Gozem Acquires Moneex in Fintech Expansion Move
Originally launched in Togo in November 2018 as a taxi-hailing service, Gozem now operates in 13 cities across Togo, Benin, Gabon, and Cameroon.
Flutterwave’s CFO and Two Finance Executives Resign Amidst IPO Ambitions
Bhambani joined Flutterwave in May 2022 amid financial allegations and workplace issues at the startup. He brought with him two finance executives from Kabbage.