africa

Impact investor Goodwell Investments and Oxfam Novib, a Dutch foundation and Oxfam International affiliate, have set up Pepea, a €20 million ($21.7 million) fund, to provide financing to early-stage

Nine months after Union54 encountered overwhelming chargeback fraud that made it shut down temporarily, its CEO shares some lessons.

Payday, a Techstars-backed neobank issuing global accounts to Africans and the diaspora, has raised funding in a round led by African soonicorn Moniepoint.

A Kenyan court has today upheld interim orders issued last week temporarily barring Meta from engaging its new content moderation subcontractor, Majorel, pending determination if the social media gian

Fez Delivery, a Lagos-based last-mile logistics startup with hubs across Nigeria, has raised $1 million led by pan-African investor Ventures Platform with participation from Voltron Capital, Acasia Ve

Google has taken down hundreds of loan apps from the Play Store in Kenya since its new policy, which requires digital lenders in the East African country to submit proof of license, went into effect i

Rwazi provides market insights backed by verified data collected directly from consumers, who use a web or mobile app to log their purchases.

Meta has been temporarily barred by a Kenyan court from engaging its new content moderation subcontractor, Majorel, pending the hearing of a new case, filed by 43 content moderators yesterday over ill

Social media giant Meta and its Kenya-based content moderation partners, Sama and Majorel, are facing a new lawsuit in Kenya. In a petition filed today, 43 content moderators allege “unlawful termin

Embedded finance solutions in less developed markers are becoming more prominent as platforms look to provide various financial solutions to the unbanked and underserved. Banking infrastructure provid

The collapse of Silicon Valley Bank (SVB) last week sent ripples in startup ecosystems around the world, and it is emerging that millions of dollars held by African startups and venture capital funds

Nigerian credit-led digital banking platform FairMoney has acquired PayForce (sub-brand of YC-backed CrowdForce), a merchant payment services that serves small businesses, as the digital lender looks

Flat6Labs is amongst the most active VCs in Africa, having invested in more than 100 startups to date across the Middle East and North Africa (MENA) region. And now, after 11 years, the Egypt-based se

Naspers, Africa’s most valuable tech company by market capitalization, has wound down the operations of its R1.4 billion (≈$100 million) South Africa-focused venture capital fund Naspers Foundry,

Africa’s most valuable unicorn Flutterwave is still not off the hook in Kenya. About $3 million of its money that was confiscated in the second government seizure over money laundering and fraud cla

The competition regulator in Kenya is probing the conduct of online food and grocery delivery platforms to inform its suggestions on regulatory and policy options, to bolster healthy competition and e

Alerzo, a Nigerian B2B e-commerce platform that digitizes commerce and payments processes between FMCG suppliers and informal retailers, has laid off 15% of its full-time workforce, the company confir

Last month, Flutterwave, Africa’s largest startup by private valuation, was involved in a hack that resulted in more than ₦2.9 billion (~$4.2 million) missing from its accounts, according to local

Several competition watchdogs in Africa plan to collectively interrogate the market conduct of global digital firms, putting big techs firms like Google and Meta, which have faced investigations and r

Africa’s largest e-commerce site Jumia has amended its terms and conditions after the regional watchdog, the COMESA (Common Markets for Eastern and Southern Africa) Competition Commission, compelled