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

Partech Raises $262M to Invest in African Tech Companies
Partech Raises $262M to Invest in African Tech Companies
February 07, 2023  |  Investments

Partech has closed its second Africa fund at 245 million euros (about $262 million). Partech Africa II is designed to support the next generation of...

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Nigeria Faces Shortages in Transition to New Paper Bills
Nigeria Faces Shortages in Transition to New Paper Bills
February 03, 2023  |  International

Nigeria is having a tough time switching over to some new paper currency. The Financial Times (FT) reported Friday (Feb. 3) that a shortage of the new...

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Local Investors Drive Resilience of Africa’s Burgeoning Startup Scene
Local Investors Drive Resilience of Africa’s Burgeoning Startup Scene
January 26, 2023  |  Startups

Total funding invested into African tech startups hit $6.5 billion in 2022. That’s according to a report published by venture capital (VC) firm Partech this...

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African Startups Escape Global VC Funding Drought
African Startups Escape Global VC Funding Drought
January 24, 2023  |  Investments

While most startups struggled to find funding last year, African companies saw their fortunes improve. That’s according to a report published Tuesday (Jan. 24) by venture...

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Fincra Receives Payment License From Central Bank of Nigeria
Fincra Receives Payment License From Central Bank of Nigeria
January 20, 2023  |  Digital-First Banking

The Nigerian FinTech Fincra has received a payment license from the Central Bank of Nigeria (CBN).  In a blog post Thursday (Jan. 19), the company stated that...

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Ride Now, Pay Later Unlocks Growth in Africa’s Ride-Hailing Sector
Ride Now, Pay Later Unlocks Growth in Africa’s Ride-Hailing Sector
January 18, 2023  |  Buy Now Pay Later

A new partnership between Bolt and CredPal is bringing ride now, pay later to Nigeria. The deal between the Estonian mobility company and Lagos-based buy...

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African eLogistics Platforms Improve Fragmented Supply Chains for B2B Firms
African eLogistics Platforms Improve Fragmented Supply Chains for B2B Firms
January 13, 2023  |  Supply Chain

Africa’s e-Logistics platforms are expanding across the continent looking to streamline cross-border supply chains. In a region of 17 landlocked countries embedded in long and...

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Crypto Exchange Platform Yellow Card Expands Payment Feature Across Africa
Crypto Exchange Platform Yellow Card Expands Payment Feature Across Africa
January 11, 2023  |  Cryptocurrency

Yellow Card Financial now enables customers across Africa to send and receive cryptocurrency. The company’s Yellow Pay, which was previously available only in Nigeria, uses...

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Digital Bank Gomoney Launches ‘Split Bill Feature’ in Nigeria 
Digital Bank Gomoney Launches ‘Split Bill Feature’ in Nigeria 
December 28, 2022  |  Digital Banking

Digital bank Gomoney now offers a “split bill feature” for its customers in Nigeria.  The firm said this feature makes it easier for multiple users...

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