EMEA

Nigerian Startup Pastel Raises $5.5M for Small Business Services
Nigerian Startup Pastel Raises $5.5M for Small Business Services
August 15, 2022  |  Investments

Pastel, a Nigerian merchant platform and bookkeeping startup formerly known as Sabi Cash, has raised $5.5 million in a seed financing round in addition to...

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Zimbabwe Has ‘Roadmap’ to CBDC, Says Central Bank Governor
Zimbabwe Has ‘Roadmap’ to CBDC, Says Central Bank Governor
August 14, 2022  |  CBDC

Zimbabwe central bank governor John Mangudya has said there’s a “roadmap” to adopt a CBDC, a consultation paper from the bank said. This comes six...

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Europeans Spared Summer Facebook Blackout as Decision on Meta’s EU Data Dispute Stalls
Europeans Spared Summer Facebook Blackout as Decision on Meta’s EU Data Dispute Stalls
August 14, 2022  |  Meta

Dealing with European Union bureaucracy remains an uphill battle for U.S. Big Tech firms. And for Meta (formerly Facebook), its clash with Ireland’s privacy watchdog...

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Expecting a Rebound, Germany’s Zalando Won’t Follow eCommerce Trend by Cutting Jobs
Expecting a Rebound, Germany’s Zalando Won’t Follow eCommerce Trend by Cutting Jobs
August 14, 2022  |  eCommerce

Zalando, the biggest European online fashion retailer, doesn’t think the current slowdown on internet shopping will last, Financial Times (FT) wrote Sunday (Aug. 14). Co-Founder...

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UAE Processes $3B in Transactions in 2021, Plans to Roll Out Instant Payment Platform in Full Swing
UAE Processes $3B in Transactions in 2021, Plans to Roll Out Instant Payment Platform in...
August 14, 2022  |  Mena

The Central Bank of the United Arab Emirates (CBUAE) released its 2021 Financial Stability Report this month detailing measures put in place to mitigate the...

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Danish Freight Forwarder DSV Said to Be Eyeing More US Business, Acquisitions 
Danish Freight Forwarder DSV Said to Be Eyeing More US Business, Acquisitions 
August 12, 2022  |  Shipping

Danish freight forwarder DSV A/S is reportedly looking for more business and acquisitions in the U.S., having seen that freight and shipping firms’ earnings and...

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German Regulators Consider Whether Microsoft Subject to Competition Rules
German Regulators Consider Whether Microsoft Subject to Competition Rules
August 12, 2022  |  Regulation

German regulators are reportedly considering whether Microsoft should fall within the scope of new competition rules, as they have determined several other big tech companies...

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Nigeria Implements 5% Mobile Services Tax
Nigeria Implements 5% Mobile Services Tax
August 12, 2022  |  Mobile

As it deals with a growing financial crisis, Nigeria is preparing to implement a 5% tax on voice calls, text messages and mobile data. As...

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Klasha Adds Former PayPal Executive to Help Transform African Commerce
Klasha Adds Former PayPal Executive to Help Transform African Commerce
August 12, 2022  |  Cross Border Commerce

Klasha has appointed former PayPal executive Ayman Jawhar CPO, saying his experience will help the company scale its B2B and B2C products for cross-border African...

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