02/03/2021
Ukheshe to issue cards across East Africa with support from KCB
Ndlovu says financial inclusion remains a massive challenge in the region and across the continent where millions of people are either unbanked or severely underserved.
FinTech
02/03/2021
How Stanbic IBTC is Empowering Female-led Startups
The organisation’s partnership with the largest pre-seed accelerator, The Founder Institute, supports female entrepreneurs in setting up business goals and upscaling operations in the Nigerian educational ecosystem.
02/02/2021
Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019
While Carbon has been hailed for transparency and openness, it remains to be seen if it’s a trend other African startups are willing to follow.
02/02/2021
Airtel set to sell stake in mobile money service
“Discussions are ongoing between the parties and there can be no certainty that a transaction will be concluded or as to the final terms of any transaction.”
02/02/2021
How dominant fintech is still the sector to beat for African startup funding
Fintechs are also increasingly collaborating with – rather than competing against – established banking incumbents
01/29/2021
What European fintechs can learn from Africa
To survive, fintechs must ensure a path to profitability and create long-term sustainable business models.
01/28/2021
Nigerian wealth management platform Cowrywise raises $3m funding
Cowrywise has been expanding its offering of late, and that process is set to continue after it secured US$3 million in pre-Series A funding
01/27/2021
Access Bank repositions digital payment to reap AfCFTA gains
While the agreement is not a silver bullet, due to structural barriers to trade, Group Managing Director, Access Bank Plc, Herbert Wigwe, said he saw many benefits to his bank and the various African economies within the AfCTA deal.
01/26/2021
Kenyan insurtech startup Pula raises $6M Series A to derisk smallholder farmers across Africa
This disparity stems from the fact that the traditional method of calculating insurance through farm visits is often unaffordable for these smallholder farmers.
01/25/2021
StashAway announces Assets under Management of US$1billion
In 2020 alone, the portfolio returns ranged from 24.1% to 5.2% for those same portfolios, and consistently outperform their same-risk benchmarks.
01/25/2021
Why bitcoin may crack R1m this year
Richard da Sousa of AltcoinTrader makes his predictions for 2021.
01/21/2021
Why Kenya cannot afford to lag behind in 5G uptake
The suspension of the 5G roll-out could slow down uptake of the much anticipated fourth industrial revolution (4IR), such as artificial intelligence, cloud computing, robotics, 3D printing, the Internet of Things (IoT), and advanced wireless technologies.
01/20/2021
TransUnion & Fincheck partner to enhance access to finance for South African consumers
TransUnion, as a leader in the South Africa credit market, helps provide a comprehensive picture of each applicant.
01/20/2021
Xero, Nedbank team up in API-banking deal
This will give SMEs an up-to-date view of their bank account cash flow, helping them better understand business performance so they can make informed business decisions during these critical times, notes Xero.
01/20/2021
Xero, Nedbank team up in API-banking deal
Xero says it has been at the forefront of bank feeds for the past decade, and the partnership with Nedbank builds on this.
01/19/2021
Fintechs in Ghana and Africa provide value to the Banking Ecosystem
Fintechs complement banks and other institutions in their quest to digitally transform Africa.
01/18/2021
Malawi’s NBS Bank launches ecommerce platform and online payment gateway with Network International
Enables bank to expand its offering to power digital payment acceptance among SMEs, large corporations, public institutions and individuals
01/15/2021
CBN unveils framework for regulatory sandbox operations
CBN has issued a regulatory Sandbox framework towards engaging with the operators in the Fintech space.
01/14/2021
South African bank warns against cybercrimes
Criminals have the ability to hack into free public Wi-Fi networks and use sophisticated hacking techniques like installing keylogging spyware to view and steal the information that you enter online,” he said.
01/14/2021
Money remittance app Nala to launch in the UK
The NALA beta app will be rolling out gradually from February 2021