Africa

Africa is the world's second largest and second most-populous continent. At about 30.3 million km² including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area. With 1.2 billion people as of 2016, it accounts for about 16% of the world's human population.

Source: en.wikipedia.org

African Payments Solution Bizao Raises $8.2M for Regional Expansion
African Payments Solution Bizao Raises $8.2M for Regional Expansion
July 22, 2022  |  Africa

Pan-African payment solutions provider Bizao announced an 8 million euro ($8.2 million) series A funding round Thursday (Jul 21). The round was led by AfricInvest...

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Stablecoins, CBDCs Face Big Hurdles Before Knocking Out Fiat
Stablecoins, CBDCs Face Big Hurdles Before Knocking Out Fiat
July 21, 2022  |  Cryptocurrency

Could stablecoins and central bank digital currencies (CBDCs) ever replace fiat? Obi Emetarom, co-founder and CEO of pan-African payment infrastructure company AppZone, thinks they can....

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Sudanese FinTech Bloom Nets $6.5M
Sudanese FinTech Bloom Nets $6.5M
July 20, 2022  |  Investments

Sudan-based Bloom has raised $6.5 million in seed funding round, the FinTech announced in a press release Wednesday (July 20). The company’s investors include Visa,...

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Concerns Over Lost Fee Income Prompt Nigerian Lenders to Slow CBDC Adoption
Concerns Over Lost Fee Income Prompt Nigerian Lenders to Slow CBDC Adoption
July 19, 2022  |  CBDC

Nigerian lenders have been putting up roadblocks against using the country’s digital currency, concerned about loss of revenue from traditional banking services, Central Bank of...

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The Startups Solving the Working Capital Challenge for Africa’s Small Businesses
The Startups Solving the Working Capital Challenge for Africa’s Small Businesses
July 19, 2022  |  Startups

From self-employed freelancers to the local shops and restaurants that are the cornerstones of so many communities, small businesses in emerging markets across Africa must...

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African FinTechs ‘Least Hit’ by Global Tech Funding Winter, but for How Long?
African FinTechs ‘Least Hit’ by Global Tech Funding Winter, but for How Long?
July 18, 2022  |  Fintech Investments

The dreaded word — recession — is increasingly being bandied about as economists sound the alarm of tough times ahead. This can be seen in...

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M-Pesa Debuts Bill Pay Tool for Airtel, Telkom Customers
M-Pesa Debuts Bill Pay Tool for Airtel, Telkom Customers
July 15, 2022  |  Mobile Payments

African money transfer service M-Pesa has debuted bill pay interoperability that lets Airtel and Telkom customers make mobile money payments directly into Safaricom’s M-PESA Pay...

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Zazuu Raises $2M for African Remittance Platform
Zazuu Raises $2M for African Remittance Platform
July 13, 2022  |  Investments

African money movement platform Zazuu has completed a $2 million fundraising round that will allow it to build a more robust remittance offering for residents...

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Despite Downturns, Central African Republic President Champions Crypto
Despite Downturns, Central African Republic President Champions Crypto
July 03, 2022  |  Cryptocurrency

The Central African Republic was the first country in Africa and the second in the world to make bitcoin an official currency, and its president...

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