Author: Staff Writer

Central African Republic (CAR) has launched its official digital currency, Sango Coin, as part of a plan to develop its financial industry. In a virtual event by the CAR President Faustin Archange Touadera on Sunday, he said that “Sango Coin will be the currency for the next generation.” The digital…

Tech giant, Meta, is shutting down its digital wallet, Novi. There is a notice on the Novi website that states that the “Novi Pilot is ending soon.” It also states that “Novi will no longer be available for use after September 1” and and asks users to withdraw their funds…

When it comes to acquiring property and building a home, mortgage and home equity loan is utilized by the masses to go with their deal. One of the numerous available forms of mortgages, people go for a home equity loan in connection with purchasing or developing a home or other…

The European Union reached a provisional deal on the world’s first set of comprehensive rules to regulate the crypto market. According to a Reuters report, Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under new rules to tame the…

A South African bitcoin operator, Mirror Trading International Proprietary Limited (MTI), has been charged by the U.S. commodities regulator, Commodity Futures Trading Commission (CFTC) for running a fraudulent commodity pool worth more than $1.7 billion in bitcoin, and over registration violations. According to US CFTC, MTI and and Cornelius Johannes…

Italy has become the fourth country to ban Google Analytics, joining Austria, Holland and France. This was the conclusion reached after a complex investigation carried out by Garante (the Italian Data Protection Authority) in coordination with other European privacy authorities. It stated that Italian websites using Google Analytics violate the…

South African based Sava announced that it has raised $2 million in a pre-seed funding round which includes several Africa-focused investors such as Quona Capital, Breega, CRE Ventures, Ingressive Capital, RaliCap, Unicorn Growth Capital and Sherpa Ventures. Sava is spend management platform designed for companies to manage their expenditure using…

Nigerian Mobility startup, Moove, announced that it has secured $20 million from British International Investment (“BII”), the UK government’s Development Finance Institution (DFI), formerly known as CDC Group. According to Moove, the 4-year structured credit investment will play a key role in expanding its operations in Nigeria and significantly strengthen…

There is so much more to nursing than the majority of the world sees. Even recently, when the role of nursing has become so much more well known and appreciated, there is still a lot that takes place that no one except other healthcare professionals know about and understand. One…

Kukua, an Africa based edutainment startup, announced that it has raised $6 million in a series A funding round led by Chinese based internet giant, Tencent and Italian based VC Alchimia. In 2018, the company raised $2.5 million in a seed funding round led by Echo VC, the leading Africa-focused venture capital…

Tecno launched the Tecno Camon 19 series which includes the Camon 19, Camon 19 Pro and Camon 19 Pro 5G in Nigeria yesterday. It was officially announced at the at Rockefeller Center, New York in June this year. The Camon 19 series is a direct successor to the Camon 18 launched last…

MTN’s Mobile Money (MoMo) Payment Service Bank, the fintech subsidiary of MTN Nigeria is said to have dragged 18 banks to court in a bid to retrieve N22.3billion ($52 million) involved in a “security breach” experienced barely a month after it officially commenced operations. Apparently, the security breach involved the…

FirstCheck Africa announced that it has received a $2 million commitment from TLcom Capital, an Africa-focused Venture capital firm, to its $10million Debut Fund. It also announced that Eloho, one of its founders, has joined TLcom Capital as a Partner, adding to her existing day-to-day role as Co-Managing Partner at FirstCheck Africa…

Senegalese Khabane “Khaby” Lame has officially become the most followed content creator on TikTok. Khabi on Wednesday night, swept past Charli D’Amelio garnering a follower count of 142.6 million to D’Amelio’s 142.3 million. About a year ago, he became the second person to hit 100 Million Followers on TikTok and…

Kenyan food startup, Kune Food, is shutting down barely a year after it started operations. Founder and CEO, Robin Reecht, disclosed this on his LinkedIn page some hours ago Last year, Kune Food raised $1million in a pre-seed funding round to launch its on-demand food service in August. However the…

Thepeer, a Nigerian tech infrastructure startup connecting businesses’ wallets, announced that it has raised $2.1 million in a seed round funding led by Raba Partnership. Other participants include Rallycap, BYLD, Timon Capital, Musha Ventures, Sunu, and Uncovered Fund as well as leading African fintechs Chipper Cash and Stitch. Taking into…

Nollywood production house, Nemsia Films has entered into a 3-picture deal with video streaming and subscription service, Amazon Prime. Founded by Derin Adeyokunnu and BB Sasore, Nemsia Films past productions include God Calling, Before 30 and Journey Of An African Colony. The first film under the deal will be “Breath of Life,” written and…

This is intense competition among social media platforms to attract creators and to ensure they remain on the platforms. One of the easy ways is to ensure creators make money on the platforms. Mark Zuckerberg has just listed new ways for creators to make money on Facebook and Instagram. According…

Fido, a Ghanaian fintech, announced that it has raised $30 million in a Series A round led by Israel-based private equity fund, Fortissimo Capital with participation from Yard Ventures; a VC fund by Harvard alumni. The company intends to use the funds for the following: introduce savings and payment products before…

Healthtracka, a Nigerian digital health platform that offers at-home health tests, announced that it has raised $1.5 million in seed funding. Investors include femal VCs such as Africa-focused early-stage VC Ingressive Capital and U.S.-based venture fund Hustle Fund. Angel investors included Alumni Angel Alliance and Flying Doctors.  Late last year,…