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

Flat6Labs Launches $95 Million Seed Fund for Africa-Based Tech Startups
Flat6Labs Launches $95 Million Seed Fund for Africa-Based Tech Startups
March 14, 2023  |  Startups

Flat6Labs has launched a new $95 million seed fund focused on early-stage tech startups in Africa. The Africa Seed Fund (ASF) will be headquartered in Egypt...

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International Women’s Day Revives Debate Over Global Funding Challenge for Female Entrepreneurs
International Women’s Day Revives Debate Over Global Funding Challenge for Female Entrepreneurs
March 08, 2023  |  Investments

From access to education to pay parity and boardroom diversity, much has been done to advance gender equality around the world. But as the world...

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Western Union Turns to MFS to Expand Global Money Transfers
Western Union Turns to MFS to Expand Global Money Transfers
March 05, 2023  |  Mobile Payments

Western Union has teamed with MFS Africa to allow mobile money transfers across the continent. The partnership will allow Western Union users in 200 countries...

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FinTechs Struggle to Retain Consumer Trust in Africa
FinTechs Struggle to Retain Consumer Trust in Africa
February 24, 2023  |  Banking

There is no denying that trust plays an important role when it comes to payments transactions. And according to Isaac Kamuta, it’s one of the...

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Chipper Cash Cuts Staff but Keeps Crypto Operations
Chipper Cash Cuts Staff but Keeps Crypto Operations
February 21, 2023  |  Personnel

Pan-African FinTech Chipper Cash has reportedly laid off more than a third of its staff. “Friday was a sad day for Chipper Cash, as many...

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Startup Wise Guys Raises $27M to Invest in B2B Startups
Startup Wise Guys Raises $27M to Invest in B2B Startups
February 17, 2023  |  Startups

Startup Wise Guys has raised 25 million euros (about $27 million) to invest in startups. The Estonia-based global accelerator fund for B2B startups said in a post on...

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Jumia Cuts Low-Value Projects as JumiaPay Transactions Decline
Jumia Cuts Low-Value Projects as JumiaPay Transactions Decline
February 16, 2023  |  eCommerce

Pan-African eCommerce giant Jumia is aggressively pursuing profitability by narrowing losses and growing monetization. In a report detailing its fourth quarter and full year 2022...

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MTN to Invest $1B to Expand 5G Network in Ghana
MTN to Invest $1B to Expand 5G Network in Ghana
February 16, 2023  |  Investments

South Africa-based telecom MTN will reportedly invest $1 billion in Ghana. The investment — which is to be made over the next five years —...

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Visa and Tingo Debut Super App for Africa’s Farmers
Visa and Tingo Debut Super App for Africa’s Farmers
February 14, 2023  |  Financial Inclusion

Nigerian Agri-FinTech company Tingo has teamed with Visa to launch digital payment offerings in Africa. The partnership, announced in a Tuesday (Feb. 14) news release,...

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