• AfricInvest and Cathay Innovation Complete Final Close of €110M Pan-African Venture Fund

    A joint Pan-African venture capital fund between AfricInvest and Cathay Innovation announced the completion of its final closing of €110M. Cathay Innovation, a worldwide venture capital firm, and AfricInvest, a top multi-asset investment platform in Africa, have achieved the final closure of their combined Pan-African Venture Fund, Cathay AfricInvest...
  • BoG Grants Paystack Ghana Payment Services Provider (PSP) License.

    Paystack Ghana has received a new license to continue helping businesses in Ghana grow. Nigerian-based fintech, Paystack has been granted a Payment Services Provider (PSP) Enhanced license by the Bank of Ghana. The licence, the highest level in the PSP category, permits Paystack to process EMV GH-Link prepaid cards for...
  • 5 Cities: Emirates Airlines Begins Rebuilding Its African Network.

    Emirates Airlines has resumed flights to five African countries, including Ghana, Guinea, Angola, Ivory Coast, and Uganda, after a brief hiatus in December. After pausing flights in December, Dubai-based Emirates has resumed flights to five African countries, including Ghana, Guinea, Angola, Ivory Coast, and Uganda. The airline had suspended...
  • Demand for made-in-Ghana handicraft increases.

    The industrial art and craft sub-sector contributed a total of $30,630,413 (1.08 per cent) of Ghana’s non-traditional exports (NTEs) earnings in 2020, the report on ‘Analysis of Non-Traditional Export Statistics’ has revealed. The figure indicates an increase of 110.88 per cent from $14,524,610 in 2019, and it is attributed to...
  • AfCFTA Caravan Prize 2021 Winners Announced

    The AfCFTA Secretariat and its partners on the 4D, ProPer, and Caravan Initiatives, AfroChampions and the Arab Bank for Economic Development (BADEA), have announced the winners of the AfCFTA Caravan Prize. Five winners have been announced out of the 10 finalists. The 20 finalists and semi-finalists were tasked with conceiving...
  • Nigeria’s Lemonade Finance Secures $725k pre-seed Funding Round.

    Nigerian fintech startup, Lemonade Finance, has raised $725K in pre-seed funding for a project aimed at improving access to financial services for African diaspora investors. Nigerian fintech startup Lemonade Finance has secured a US$725,000 pre-seed funding round. The round was led by Y Combinator and other investors Ventures Platform,...
  • Kenyan-based payroll startup, Workpay, expands to Nigeria.

    Workpay, a Nairobi-based YC graduate, is expanding operations to Nigeria to offer Core HR, Payroll, and employee record services. Workpay, which was founded in 2019, enables SMEs to conveniently manage and pay their employees from anywhere in Africa. People may log time, perform a locally compliant payroll, and pay...
  • TaskMate Launches In Kenya To Provide Locals With Money-Making Opportunities.

    TaskMate, a crowdsourcing app that lets people use smartphones to do tasks and get paid, has been launched in Kenya by Google. Google has just launched TaskMate, a crowdsourcing app that lets people use smartphones to do tasks and get paid, in Kenya after a year-long experiment in the East African country....
  • Sierra Leone’s Fintech EziPaySL names Vickie Remoe as Brand Ambassador.

    Vickie Remoe has been named as the brand ambassador of EziPaySL, a money transfer app that makes it easier for Sierra Leoneans in the Diaspora to send money home. Vickie Remoe, a TV host, writer, and podcaster, has been named a brand ambassador for EziPaySL, a money transfer service...