• Gov’t of Ghana To Tax Mobile Money Transactions Starting Feb, 2022

    Ghanaians will soon be paying more on all electronic transactions including Mobile Money following the announcement of a new e-levy by the government. Ghana’s finance minister Ken Ofori-Atta has announced that the government intends to introduce an electronic transaction levy (e-levy) in the 2022 budget. He said this was to “widen...
  • 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,...
  • E-Naira, Africa’s First Digital Currency, Launched in Nigeria.

    Africa’s largest economy, Nigeria has launched the continent’s first digital currency, the e-Naira issued and regulated by the Central Bank of Nigeria. Nigeria, Africa’s largest economy, has introduced the e-Naira, the continent’s first digital currency. They join a select group of countries around the world that have adopted the...
  • Sendbox Raises $1.8 Million to Digitize Deliveries For African SMEs.

    Sendbox, a Nigerian peer-to-peer delivery platform for social commerce, has secured $1.8m in a seed funding round to scale operations. A Nigeria-based e-commerce fulfillment platform for merchants in Africa, Sendbox has today announced the completion of a $1.8 million seed round from investors including 4DX Ventures, Enza Capital, FJLabs...
  • Cameroon’s Ejara raises $2M To Offer Crypto In Francophone Africa

    Cameroon Financial services platform Ejara has raised a seed round of $2 million led by Coinshares Ventures and Anthemis Group, the company said Thursday. Other investors include Mercy Corps Ventures, Lateral Capital, LoftyInc Capital Management and NetX Fund, and a group of angel investors including CEO of Ledger Pascal...
  • Startup Funding: Andela Announces $200M Investment Led by SoftBank.

    Andela, which helps companies hire remote technology staff, has raised $200 million in new funding led by Softbank with participation from new investor Whale Rock. A global network for remote technical talent, Andela has revealed that it has raised $200 million in Series E funding, valuing the firm at...
  • 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...
  • Fintech: pawaPay Closes on Seed Funding of $9M co-led by MSA, 88mph and Others.

    pawaPay originated as part of the payments of pawaTech, a UK software company with more than a decade of experience building Mobile Money solutions for African markets. In early 2020, pawaPay was spun out as a standalone business with the backing of the investors behind pawaTech. Today, pawaPay is already...
Verified by MonsterInsights