It is nearly impossible for businesses in some African countries to receive money from PayPal. While the payments giant has not given reasons why this is so, speculation hints at factors like insufficient regulation and poor banking security in said countries. That might be a thing of the past for some businesses as African payments company Flutterwave announced a collaboration...
Morocco is set to receive a donation from the United States to boost and sustain its efforts in vaccination with its campaign against the virus regarded the largest in Africa, and the country's efforts recognized as one of the on the Continent. The donation amounts to the sum of $ 2 million, and it follows another donation earlier received by...
The Director-General of the Nigeria Information and Technology Development Agency (NITDA), Mr. Kashifu Abdullahi, believes that Nigerian start-ups on Information Technology can generate $30 billion in 10 years. He projected this at the Africa Investment Forum, at the ongoing Gulf Innovation and Technology Exhibition (GITEX) 2020, holding in the UAE, at the Dubai World Trade Centre (DWTC). Speaking on the situation,...
Alibaba Group’s Cainiao is in talks with Chinese vaccine makers over COVID-19 vaccine logistics, a representative said recently, as the company launched a partnership with Ethiopian Airlines to transport medicine to the Middle East and Africa. “We are currently in discussion with some domestic COVID-19 vaccine manufacturers and international organizations on cooperation over COVID-19 vaccine logistics,” the spokeswoman said. “This is...
In Nigeria, the government has boosted its electricity generation by inaugurating a 100KWP solar hybrid mini-grid project in Budo-Are community, in Itesiwaju local government area of Oyo State. While speaking at the official inauguration event, the governor of Oyo State, Mr Seyi Makinde, noted that the facility which was built by the Rural Electrification Agency (REA) in conjunction with a...
Nigerian automotive tech company, Autochek Africa, has completed its pre-seed round of $3.4 million. The round was co-led by Lagos, London, and Nairobi-based TLCom Capital and US-based 4DX Ventures. Japanese VC firm, Kepple Africa; sub-Saharan-focused firm, Lateral Capital; Ghana-based Golden Palm Investments; Chinese VC firm, MSA Capital; and several local angel investors participated in the round. Planning to build automotive solutions...
Access bank's continued efforts in furthering digital innovation in Africa have earned it global recognition by being crowned the Best Digital Bank in Africa by the Asian Banker. The award was presented at the Asian Banker Middle East and Africa Regional 2020 Awards virtual ceremony. Access Bank, Africa's largest retail bank, has over the years utilized technology to drive and reform...
…plans Roll-Out in Nigeria, Egypt, Tunisia, and Kenya The creation of the mobile business happened the second that prepaid calling was executed. Users with no secure income except for generally limited amounts of money could become clients when they had money. This week Mondia, a leading independent digital entertainment enabler, has launched a content platform that may turn into the...
A new study by Google and International Finance Corporation has revealed that the Internet economy and business has the outstanding potential of contributing $180bn to the economy of Nigeria and other African countries by 2025. The findings of the study which was made public on Wednesday, November 13 2020, featured within its pages the numerous growth opportunities within the African...
Kuda Nigeria based fintech startup, which is a pan-African mobile challenger bank for customers has announced it has a US$10 million seed funding round focused on accelerating its growth and expansion to meet customer's intense demands for its services across Africa. According to TechCrunch, this funding round is the biggest seed round ever to be raised in Africa. The funding comes...

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