Showmax Overtakes Netflix as New Market Leader in African Streaming
Showmax's success is attributed to a 26% year-on-year growth in paid subscribers over the past four years, reaching 1.8 million subscribers.
Mercedes Revs Up South Africa’s EV Infrastructure with 127 New Charging Stations
Mercedes is investing R15 million in the first phase and R25 million in the second phase to kickstart the project. The aim is to encourage more people to buy EVs and provide reliable charging for existing customers.
Shekel Mobility Has Raised $7M to Fuel Vehicle Financing in Africa
The company, backed by Y Combinator, supports dealers in discovering, financing, and selling cars in the African used car market, focusing on a segment that constitutes 82% of the market.
UfarmX Takes Blockchain-Powered Agricultural Revolution to Senegal, Empowering Next-Gen Farmers
Self-funded until now, UfarmX is entering its first external investment round with a notable US$1.7 million term sheet offer from UBA Bank in Senegal.
KudiGo Unveils Innovative Social Commerce Platform in Ghana
KudiGo, established in November 2018, is known for its mobile-based retail system aiding businesses in Ghana and Nigeria with payments, inventory tracking, and financial modeling.
Bolt Food Announces Exit from South Africa
The journey began in April 2020 when Bolt Food launched in Cape Town, South Africa.
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. ...
Bolt Food is About to Halt Operations in Nigeria
The decision comes nearly two years after Bolt Food started in Nigeria, and it's all about making the company more efficient.
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.