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

Report: Uber Considers Investment in African Vehicle Financing Startup Moove
Report: Uber Considers Investment in African Vehicle Financing Startup Moove
February 23, 2024  |  Investments

Uber is reportedly considering joining other investors in a funding round for Moove, an African vehicle financing startup. The funding round could total between $75...

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Absa Says African FinTechs Should List IPOs on Local Exchanges
Absa Says African FinTechs Should List IPOs on Local Exchanges
February 22, 2024  |  IPO

South Africa’s Absa Group has reportedly highlighted the opportunity for African FinTechs to consider public listings at home. Adesoji Solanke, head of FinTech investment banking...

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Boom Debuts Blockchain-Powered Payment Platform for Unbanked Consumers in Africa
Boom Debuts Blockchain-Powered Payment Platform for Unbanked Consumers in Africa
February 19, 2024  |  Blockchain

Boom launched an online payment gateway that allows merchants to collect payments from 2 billion unbanked consumers across Africa. The debut of the platform, Boom...

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Funding for African HealthTech Startups Dips 2% in 2023
Funding for African HealthTech Startups Dips 2% in 2023
February 13, 2024  |  Investments

African HealthTech startups raised $167 million in 2023. That total represented a 2% decline from the previous year, but it was raised during a period...

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Visa Invites Applications for FinTech Accelerator Program in Africa
Visa Invites Applications for FinTech Accelerator Program in Africa
January 29, 2024  |  Startups

Visa launched the second cohort for its Africa FinTech Accelerator program. The program aims to provide mentorship, training and networking opportunities to startups in Africa, the digital payments firm said...

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Nukkleus Taps Tantel to Expand Cross-Border B2B Payments in Africa
Nukkleus Taps Tantel to Expand Cross-Border B2B Payments in Africa
January 22, 2024  |  Partnerships

Blockchain/payments firm Nukkleus has teamed with Tantel Group to expand its footprint in Africa. The partnership, which involves Nukkleus’ subsidiary Digital RFQ (DRFQ), will help Nukkleus tap into Africa’s $1.5 trillion B2B...

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Microsoft/Vodafone $1.5 Billion Deal Will Help Expand M-Pesa
Microsoft/Vodafone $1.5 Billion Deal Will Help Expand M-Pesa
January 16, 2024  |  Partnerships

Microsoft and Vodafone have launched a $1.5 billion payments and AI-focused collaboration. The partnership will see the companies employ Microsoft’s generative artificial intelligence (AI) to...

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Ericsson Aims to Capture Half of African Mobile Wallet Market
Ericsson Aims to Capture Half of African Mobile Wallet Market
January 09, 2024  |  Mobile Wallets

5G network maker Ericsson reportedly has big plans for Africa’s mobile wallet market. The Swedish company’s software helps power more than 400 mobile wallet accounts around the...

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Report: B2B eCommerce Platforms MaxAB and Wasoko in Merger Talks
Report: B2B eCommerce Platforms MaxAB and Wasoko in Merger Talks
December 22, 2023  |  B2B Payments

MaxAB, an Egyptian B2B eCommerce startup, and Wasoko, a Kenya-based eCommerce player, are reportedly in talks to merge their operations. The talks are ongoing and...

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