Author: AdeO

Bitcoin has smashed through all-time price highs in 2021 – and many other cryptocurrencies have too. Many people hold strong views – that Bitcoin is a scam, a crashing bubble and that it has no intrinsic value at all. What is all the fuss about? Is it just a passing…

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The Central Bank of Nigeria (CBN) has slammed new capital requirements for businesses involved in fintech and mobile money. Those in the top category, dealing with switching and processing, as well as mobile money operation, will have a N2 billion shareholders’ funds unimpaired by losses, the regulator announced. According to the CBN,…

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MTN Nigeria has announced the introduction of MTN Auto Top-Up, a solution designed to help customers manage their airtime and data availability needs more seamlessly, by setting a time or threshold for automatic airtime and data recharges. Commenting on how central the overall subscriber experience is to MTN’s innovation drive,…

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Egyptian Agri-Fintech platform, Mozare3, has closed a seven-figure pre-seed funding round led by Algebra Ventures and Disruptech Ventures, with participation from EFG-EV, and a group of reputable angel investors. Mozare3 is a platform that serves more than 20 million underserved, unbankable smallholder farmers and their families in Egypt, by providing…

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The Nigerian Communications Commission (NCC) has said Nigerians will have to submit the International Mobile Equipment Identity of their phones to it from July. The regulatory body said this in the commission’s Revised National Identity Policy for SIM Card Registration. The NCC’s move to start the implementation of the Device…

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South African digital fintech enablement provider, Ukheshe Technologies will expand its footprint into the Asia-Pacific region as it introduces innovative digital-first payment solutions via key partnerships in what is emerging as a lucrative growth market for the B2B payment technology specialist. The move comes as Ukheshe continues to build on its solid…

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African private equity fund manager Ascent today announced the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at more than USD 100 million, significantly exceeding its initial target of USD 80 million. The final close of ARVF II, with a target of USD 120 million, is expected in December 2021. ARVF II will invest…

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