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Mastercard Africa Growth Fund Invests $27 million in Three Africa-Focused Investment Firms
The Mastercard Africa Growth Fund has approved investments in three Africa-focused investment firms: Chui Ventures, VestedWorld, and SME Impact Fund. These investments totaling $27 million bring the total number…
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Routed’s Insight Reveals Tighter Budgets, Local Cloud Surge, and AI Skepticism
In the intricate landscape of IT predictions for 2024, Routed, a prominent VMware Cloud Verified provider, provides a forward-looking perspective. The forecast, delivered by Andrew Cruise, Managing Director at…
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Aalto Haps’ Solar-Powered Drones Light Up Kenya’s Skyline and Job Market
In a groundbreaking initiative aimed at transforming communication services, AALTO HAPS Ltd., a subsidiary of Airbus, is making remarkable progress in the deployment of solar-powered drones for sale, specifically…
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Bitmama Acquires Virtual Card Service Provider Payday
Bitmama Inc., a leading cryptocurrency exchange in Nigeria, has acquired Payday, a virtual card service provider. The acquisition, which marks a significant development in the Nigerian fintech landscape, is…
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Bigstore Africa Unveils in Kenya: Transforming eCommerce with Strategic Angel Funding
Bigstore Africa, the latest entrant in Kenya’s eCommerce scene, has unveiled its platform following a successful angel funding round. The online store, specializing in home appliances and authentic gadgets,…
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Empowering E-Commerce: Unveiling the Impact of Lipa Later Group’s Strategic Investment in Sky.Garden
Nairobi-based fintech platform, Lipa Later Group, has successfully secured a KES 500 million private debt issuance, solidifying its commitment to providing innovative financing solutions. The funding, facilitated by Rubicon…
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Deglobalization in Payments: The Rise of Universal Payment Systems (UPS)
The global payments landscape is undergoing a significant transformation as Universal Payment Systems (UPS) gain traction. This trend, driven by the BRICS countries’ departure from SWIFT, is fundamentally reshaping…
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Kenyan MSMEs Gear Up for 23rd EAC Trade Fair in Burundi
Kenya’s micro, small, and medium-sized enterprises (MSMEs) are gearing up to participate in the 23rd East African Community (EAC) Exhibition and Trade Fair, scheduled to take place in Bujumbura,…
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Norrsken22, Pan-African Venture Capital Firm, Closes Debut Fund at $205 Million
Norrsken22, a Pan-African venture capital firm, has achieved the final close of its debut fund, raising a total of $205 million, surpassing its initial target. This is a significant…
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MFS Africa Rebrands to Onafriq, Aiming to Wire Up the Whole Continent
MFS Africa, a leading digital payments network in Africa, has rebranded to Onafriq. The company’s founder and CEO, Dare Okoudjou, explained that the rebrand was necessary because the MFS…
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