Chimgozirim Nwokoma

Ghana's Driver and Vehicle Licensing Authority pauses collection of Digital Transport Fees

Few days after new fees for ride-hailing users in Ghana came into force, the Driver and Vehicle Licensing Authority (DVLA) of Ghana has instructed ride-hailing companies to stop collecting digital transport fees.

Chimgozirim Nwokoma

2 months ago

Equity Merchants

"Valuations have not been slashed; they have only returned to what they're supposed to be." — Ajani Windsor-Areago, Venture Partner, Expert Dojo

While the venture capital slowdown has led to a decrease in startup valuations, Venture Partner at Expert Dojo, Ajani Windsor-Areago, believes that the present valuations indicate the genuine value of startups. He outlines some of his tactics for investing in founders.

Chimgozirim Nwokoma

2 months ago

Fintech

9 questions about open banking in Nigeria answered

Not much is known about open banking despite the CBN approving regulations for the infrastructure. Here are some answers to questions about open banking operations in Nigeria.

Chimgozirim Nwokoma

2 months ago

Fintech

Moniepoint denies Payday acquisition, Payday declines to comment

Contrary to reports stating it could acquire Payday for $40 million, Moniepoint's Head of Global Marketing has denied these reports stating that it's investment in the startup was a strategic acquisition.

Chimgozirim Nwokoma

2 months ago

Ecosystem

Mstudio wants to spur growth in Francophone Africa by replicating successful business models

Much of the growth in Africa's startup space has occurred in English-speaking countries, but Mstudio wants to change that by replicating successful business models in Francophone Africa.

Chimgozirim Nwokoma

2 months ago

Fintech

Payday raises $3 million seed round amid marketing blitz

With $3 million in seed funding, Payday wants to help remote workers get paid faster, but could soon offer loans to users.

Chimgozirim Nwokoma

2 months ago

News

Kenya's Central Bank licenses 10 more digital credit providers

Kenya now has 32 licenced digital credit providers following the addition of 10 more licensees by the CBK.

Chimgozirim Nwokoma

2 months ago

Fintech

Beyond payments, what opportunities lie in Nigeria's fintech sector?

Payments startups dominate the fintech sector in Nigeria; Mayowa Kuyoro, Partner and Head of West Africa Financial Services at McKinsey & Company, shares her thoughts on potential areas for growth in the sector.

Chimgozirim Nwokoma

2 months ago

Fintech

Operating in 8 countries, Nigerian fintech, SeerBit, wants to build the future of payments

Founded in 2020, Nigerian fintech startup, SeerBit, builds payment solutions for businesses and individuals in Africa. With a presence in 12 countries, it hopes to become the payment option of choice for Africa.

Chimgozirim Nwokoma

2 months ago

Social Media

How social media influenced Nigeria's 2023 elections

There are more than 30 million social media users in Nigeria, but with smartphone and Internet penetration expected to rise, how will social media affect political processes in Nigeria?

Chimgozirim Nwokoma

2 months ago

Ecosystem

How African startups raised venture capital funding in February 2023

African startups raised $675 million in February 2023, according to Intelligence by Techpoint. Here's what that looks like.

Chimgozirim Nwokoma

3 months ago

Fintech

SVB-backed Chipper Cash is reportedly considering a sale

African cross-border payments startup, Chipper Cash, is reportedly considering a sale. Since December 2022, the startup has laid off more than 100 employees as tech companies reel from the decline in venture capital funding.

Chimgozirim Nwokoma

3 months ago

Fintech

FairMoney acquires PayForce to extend digital banking services to merchants

FairMoney has acquired PayForce to provide its banking services to merchants.

Chimgozirim Nwokoma

3 months ago

Governance & Policy

CBN affirms that old ₦‎200, ₦‎500, and ₦‎1,000 remain legal tender

The Central Bank of Nigeria has issued an official statement endorsing the use of old banknotes as legal tender.

Chimgozirim Nwokoma

3 months ago

Governance & Policy

One week after the Supreme Court ruling, Nigerians remain stranded as the CBN is yet to issue a statement

Despite a Supreme Court ruling, the CBN's silence over the status of old naira notes means many Nigerians remain stranded.

Chimgozirim Nwokoma

3 months ago

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