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    Shoprite Joins South Africa’s Corporate Scramble for a Fintech Edge

    Standard Bank’s research found that eight out of 10 businesses in the informal sector are unregistered, making access to finance for expansion nearly impossible

    Strategy vs. Execution: The Critical Diagnostic Leaders Miss Before Pivoting

    Before business leaders throw out a strategy that is not delivering, they should ask a more uncomfortable question. James Hughes, a business coach at Grow, writes from Cape Town, South Africa.
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    Founder Institute Lands in Morocco

    The launch event, scheduled for September 10 in Casablanca, will focus on fundraising strategies, a critical aspect of startup growth.

    Nigeria’s Central Bank Delays Binance Executive’s Trial

    Gambaryan, a U.S. citizen and former IRS Special Agent, has been detained in Nigeria for over six months on charges of tax evasion and money laundering, despite having no decision-making authority at Binance.

    Sanofi Invests in Kasha Global to Boost Healthcare Access in Africa

    The investment from Sanofi will provide Kasha with the resources to expand its operations into additional African countries.

    Kenya’s Chpter Raises $1.2 Million to Expand E-commerce Platform

    Although Chpter operates independently of Marketforce, some of its investors have previously participated in the latter’s funding rounds.

    ‘We Were Targeting Markets in America and the UK, Thinking They Were Bigger’ — SWVL Founder on Failed Acquisitions

    "It’s not about copying — it’s about executing better and making something extraordinary out of it."

    $455M Disgorgement: US Court Slams Nigerian Fintech Founder in Securities Fraud Ruling

    The defendants failed to respond to the complaint, leading to the Clerk of Court entering a default judgment on June 18, 2024.

    Kredete Secures $2.25M to Empower African Immigrants with Credit Building and Low-Cost Transfers

    Looking ahead, Kredete plans to scale its money transfer services to all African countries, expanding beyond the 20 currently available.

    Ethiopia Launches First-Ever Regulatory Sandbox to Boost Fintech Startups

    The application window for the first cohort of the Regulatory Sandbox is now open and will close on September 30, 2024. You have 30 days to submit your application.

    Gabon Denies Authorizing $5B Fundraising by Cameroonian Fintech Yunus SA

    The 3,280 billion CFA francs claimed by Yunus SA represents nearly 79% of Gabon’s state budget for 2024, which is set at 4,162 billion CFA francs.

    Ampersand Secure New Funding to Accelerate Electric Motorcycle Expansion in East Africa

    Ampersand, the Nairobi-based electric transport energy company, has announced a major financial boost with...

    MTN Fintech Unit’s Latest Board Shake-Up: A Sign of IPO Ambitions?

    “These appointments align with the focus of accelerating growth, completing the structural separations, and bringing in value-adding strategic partners into the shareholder bases of these businesses over the medium-term.”

    DOB Equity Appoints Local Talent to Replace Resigned CEOs After Failed Investments

    The challenges Karen inherits are substantial. The resignation of her predecessors and the recent financial struggles within DOB Equity’s portfolio have prompted questions about the firm’s future direction.

    Latest articles

    Shoprite Joins South Africa’s Corporate Scramble for a Fintech Edge

    Standard Bank’s research found that eight out of 10 businesses in the informal sector are unregistered, making access to finance for expansion nearly impossible

    Strategy vs. Execution: The Critical Diagnostic Leaders Miss Before Pivoting

    Before business leaders throw out a strategy that is not delivering, they should ask a more uncomfortable question. James Hughes, a business coach at Grow, writes from Cape Town, South Africa.

    Kylian Mbappé-Backed Healthtech Unicorn Alan Makes First African Acquisition

    Tanel will be rebranded under the Alan name.

    Uber to Exit Nigeria After 12 Years Despite $100M Bet on Vehicle Financier Moove

    Silicon Valley ride-hailing giant winds down West African operations as macroeconomic pressures and state-backed competitors squeeze margins.