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Zimbabweans are holding on to their preference for US dollars, posing a challenge to the countrys newly introduced gold-backed digital currency, the ZiG. This hesitance is fueling a boom for remittance and mobile money companies that are resorting to creative ways to get physical dollars into pe

TymeBank, South Africas fast-rising digital challenger bank, is setting its sights on new market segments and a coveted tech unicorn status, with outgoing CEO Coen Jonker aiming for a valuation close to USD 1 B in ongoing fundraising discussions en route to a target of going public at home and a

Human rights activists are agitated following the travails of a 24-year-old Ugandan man, Edward Awebwa, who has been sentenced to six years in prison for a TikTok video criticising the countrys first family. The video included statements against President Yoweri Museveni, First Lady Janet Museve

Tanzania-born fintech startup, NALA, buoyed by fresh injection of significant capital, is looking to stand out with bold ambitions. NALA recently secured a hefty USD 40 M Series A , an investor vote of confidence that is a testament to its remarkable growth in the African cross-border payments a

Kuda, the Nigeria-operating London-headquartered fintech challenging traditional banks by offering mobile-first and personalised banking services, is doubling down on its global expansion plans. The company, having secured a payment license in Canada earlier this year, is set for a Q3 2024 launc

A policy gaffe that rocked Nigeria in 2023 under the command of the country's financial industry regulator is inadvertently pushing the country's digital payments landscape forward and proving a win for fintech startups, a new report shows. In a key revelation from the 2024 Informal Eco

Kenyas government is on edge as youth-led agitation calling for the Presidents resignation, initially sparked by the contentious Finance Bill 2024, gains momentum through a potent mix of homegrown artificial intelligence (AI) tools and social media. While the Finance Bill 2024, with its raft of

South African e-commerce leader Takealot is revamping its strategy to counter the rising tide of foreign online retailers like Shein and Temu. These aggressive players have been rapidly capturing market share, particularly in the clothing sector, with some accusing them of exploiting loopholes i

Flashy new tech companies and cutting-edge tech get a lot of buzz. But for investors, the real excitement lies in booming tech hubs, areas where new companies are constantly popping up, fueled by money from around the world. These up-and-coming hubs offer a chance for quick profits compared to t