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.
BasiGo Secures $1.5 Million Boost to Fuel Expansion into Rwanda
Before now, BasiGo joined forces with AC Mobility, a Rwandan company that provides high-tech systems for collecting fares on public transportation.
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.
African Nations Unite for AI Safety: ‘The Bletchley Declaration’ Signed by Nigeria, Kenya, and Rwanda
This historic agreement to tackle AI risks was signed during the AI Safety Summit held in Bletchley Park, England, hosted by the UK government.
Central Bank of Kenya Grants Payment License to Kenyan Mobility Fintech Data Integrated
This approval is a big deal for Data Integrated, showing their commitment to boosting financial inclusion and digital payments in Kenya.
Bolt Experiences Setback in Kenya as Its Bid for License Renewal Gets Rejected.
The Kenyan National Transport and Safety Authority (NTSA) has said no to renewing Bolt's license. NTSA's decision is because they think Bolt broke the rules, like charging extra fees.
Tanzanian Startup, Bizzyn Has Started Operations in Kenya and Malawi
Some of Bizzyn's business solutions include an intuitive user interface, customizable invoicing and expense tracking, bank reconciliation, tax preparation, financial reporting, and warehouse management.
Kenyan Logistics Startup Sendy in Survival Mode After Failing to Find a Buyer
Sendy had been exploring buyout options with potential companies like Sabi and Wasoko. However, the potential buyer's concerns about assuming the company’s existing liabilities might have led to the unfruitful outcome.
Kenyan Investment Firm, Kua Ventures Invests Over $1m in 20 Kenyan SMEs
The Kenya-based impact investment firm was founded in 2020 for the purpose of providing capital, coaching and community support for SMEs to survive the economic downturn prompted by COVID-19 pandemic and its effects on businesses.
The Petition to Ban TikTok in Kenya Continues
The petitioner will appear before the Parliamentary Public Petitions Committee on the 26th of September to discuss this and provide more information.