According to FSCA statements, Banxso reportedly contacted clients, implying that its FSP license had been reinstated and that it could legally resume trading activities.

The termination marks a significant shift in Jumia’s strategic direction, allowing the company greater flexibility to work with multiple financial service providers.

Gregory Johnson, co-founder of mPharma, left behind a promising career at Google to return to Africa and confront the challenges in healthcare head-on.

For Algerian startups, the diplomatic clash with France could not have come at a more critical time.

This marks the fourth develoPPP Ventures cohort in Ghana, reflecting BMZ’s ongoing commitment to fostering local innovation and sustainable economic growth in emerging markets.

The fund, announced at the Future Investment Initiative summit in Saudi Arabia, will focus on key startup hubs across Africa, including South Africa, Nigeria, Kenya, Ivory Coast, and Egypt.

Shyft Power Solutions has made a unique mark as a female-founded and led African tech company, a rarity in the region’s venture capital ecosystem

For many African-focused VC firms, transitioning to the VC model comes with thinking mostly like VCs.

The new funding will enable BPS to expand its operations beyond Nigeria and Ghana into additional markets across Eastern and Southern Africa.

“With the rise of e-commerce, it’s essential to have a system that guarantees efficient last-mile delivery. Our solution ensures accurate identification, while helping the country meet Know Your Customer (KYC) requirements for banking services."

The move marks a strategic ownership shift as the platform continues to gain traction in Morocco’s expanding digital economy and pursues ambitions for regional growth.

Founded in 2013 as BitPesa, Aza Finance has steadily expanded its reach across Africa and beyond, providing foreign exchange, payments, and treasury services to companies operating in emerging markets.