Top stories
News
Top stories
Africa now holds over half of the world’s mobile money accounts, with 1.1 billion registered mobile money accounts.
Umba, a digital bank in Kenya, has secured $5M in funding from Star Strong Capital to grow its loan book. With a sixfold revenue increase driven by vehicle and SME financing, the fintech is poised to expand its offerings and solidify its position in Kenya’s market.
PayTic, a Moroccan fintech startup, has raised $4 million to scale its payment automation solutions across North and Sub-Saharan Africa.
Meta, the parent company of Facebook, has rolled out enhanced safety features for users under 18 on its Messenger platform.
USADF’s $51M funding cut reveals African startups’ overdependence on foreign aid, prompting urgent calls for local, sustainable financing to support businesses.
MTN Group CEO Ralph Mupita warns that US tech import tariffs could disrupt Africa’s telecom rollout, raising costs and delaying expansion as operators navigate global trade tensions.
Pascal Dozie, founder of Diamond Bank and pioneer chairman of MTN Nigeria, has died at 85. His legacy continues through his sons’ fintech startups Carbon and Sparkle.
Instagram is testing a ‘locked posts’ feature to help creators monetise exclusive content, boost user engagement, and explore the culture of digital gatekeeping.
Binance’s tax evasion case in Nigeria has been postponed to April 30 amid legal disputes. The case reflects wider crackdown on digital currency platforms.
Cassava Technologies will invest up to $720m to deploy Nvidia GPUs across Africa, building an AI infrastructure backbone that spans five countries and targets local innovation.
Kenya’s new bill to regulate stablecoins and crypto services could redefine fintech operations, with startups facing compliance requirements but gaining market legitimacy.
As Chinese tech companies advance in the AI race, Meta wants to keep its competitive advantage with the launch of a new suite of AI models known as the Llama 4, comprising three distinct AI models.
MTN Group will develop a new streaming platform, to compete with Netflix, Showmax, and Prime Video in Africa in partnership with UK-based video software provider, Synamedia.
Spotify paid South African artists R400m in 2024 — here’s what that means for Africa’s music economy
Spotify’s growth in Africa has seen significant growth with the music streaming company paying R400 million in royalties to South African artists in 2024—a 54% increase from 2023.
Google’s video streaming platform, YouTube has increased the price of its premium service in Nigeria and South Africa.
Nigerian mobility startup, Shuttlers added 20 new CNG-powered vehicles to its fleet in Q1 2025. Having completed 1,484 trips with the buses, it wants to reduce costs for customers while ensuring environmental safety.
Ivorian fintech Djamo has raised $17M to expand its digital banking services across Francophone Africa, now serving over 1 million users with savings, investment, and payment tools.
In March 2025, African startups raised just $50 million, the lowest monthly total since late 2020 and an 82.7% drop from January’s $289 million. Meanwhile, female-led startups secured just 2% of total funding.
Equinix has launched its LG2.3 data centre in Lagos, boosting Nigeria’s digital economy and signalling its intent to dominate Africa’s growing tech infrastructure market.
Backed by a $100 million investment, South African healthtech hearX has finalised a merger with Eargo to provide accessible hearing solutions.