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LIST | Meet the 4 Winners of the 2023 Btrust Builders ‘Build for Africa’ Bitcoin Hackathon
Btrust Builders recently revealed the winners of its Bitcoin hackathon, featuring four innovative African solutions: BitPension's secure pension platform, Splice Africa's seamless cross-border payments, Stealth Money's automated Bitcoin savings, and SATS to GO!'s engagement initiative.
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A Look at the 15 Startups Selected for the Inaugural ‘Google for Startups Accelerator: Women Founders Africa Programme’
15 African startups have been selected to to join the inaugural Google for Startups Accelerator: Women Founders Africa Programme.
This is an extension of the Google for Startups Accelerator Africa programme established in 2017 but with a focus on women to empower and support women founders by
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FUNDING | Togolese Super App, Gozem, Raises $30 Million Series B After Crossing 1 Million Users in Francophone Africa
Gozem, a leading super app in Francophone Africa, has raised $30 million in Series B funding to support its growth across West and Central Africa.
The funding round, which includes both equity and debt, was led by SAS Shipping Agencies Services Sàrl (a subsidiary of MSC Mediterranean Shipping
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REGULATION | Central Bank of Nigeria Lifts 2021 Ban on 18 Companies for ‘Dealing in Crypto’ and Weakening the Naira
The Central Bank of Nigeria has lifted bans on 440 fintech and forex entities, including several investment startups banned in 2021 for forex and cryptocurrency violations. The accounts, previously restricted, can now receive funds, signaling a shift in regulatory stance under new leadership.
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ACQUISITION | South African Fintech, Ukheshe, Acquires EFT Corp to Modernize and Digitize its Traditional Payment System
Ukheshe, a South African fintech, has acquired EFT Corporation Limited from Loita Transaction Services, enhancing its financial service capabilities after previous acquisitions and partnerships.
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MILESTONE | Safaricom Becomes First Company to Hit $1 Billion in East Africa with M-PESA Contributing Over 40% Revenue
Safaricom achieved over $1 billion in earnings for its Kenyan operations in 2023/2024, with a total EBIT of KES 139.9 billion. The company noted strong growth in its M-PESA service and positive momentum in Ethiopia despite facing challenges.
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FUNDING | Over Half of African Deals by DCG, American Web3 VC Giant, Were Made in 2024 Alone
The Digital Currency Group (DCG), a powerhouse in the crypto and blockchain investment space, has significantly ramped up its activity in Africa. In 2024 alone, the US-based firm closed 12 new deals, reinforcing its commitment to the continent’s rapidly evolving fintech, AI, and blockchain
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FUNDING | Mauritius P1 Ventures Closes $25 Million for its Second Fund
P1 Ventures has completed a $25 million funding round for its second fund, focusing on seed-stage investments in Africa's tech sector. The firm, founded by Mauritanian Mikael Hajjar, targets promising startups in various fields, aiming to support ambitious African entrepreneurs and drive regional and global impact.
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US Federal Reserve Begins Testing the Digital Dollar with Key Global Banks
A group of major banks, including Citigroup and HSBC, is participating in a 12-week pilot with the Federal Reserve to test a digital dollar using a regulated liability network. The pilot aims to improve payment speeds and explore regulatory frameworks, with results intended to contribute to digital money literature.
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PRESS RELEASE | MasterCard and Smile ID Partner to Scale Digital Identity Across Africa 
MasterCard has extended its strategic commercial partnership with Smile ID, an identity verification provider in Africa, to accelerate the rollout of secure digital identity solutions across the continent.
This partnership will enable banks, fintechs, mobile money operators and other enterprises to
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BITCOIN | How One Kenyan Company is Harnessing Geothermal Power for Bitcoin Mining in Africa
Located just a few hours northwest of Nairobi, Kenya, lies a unique bitcoin mining operation. A small group of miners has set up shop near Hell’s Gate National Park, nestled at the edge of Lake Naivasha. Their mining operation, powered by renewable energy,
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The Biggest Challenge in Gaming in Africa is Technical Accessibility – A Chat with CEO, Carry1st
Carry1st's CEO, Cordel Robbin-Coker, discusses the company's $20 million funding and its focus on the African blockchain gaming market, highlighting the unique characteristics of various countries and the potential for growth in gaming.
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