Author: Staff Writer

EMURGO Africa has announced a significant investment of USD 250,000 in Changeblock. This strategic move underscores EMURGO Africa’s commitment to driving innovation and progress in the blockchain space within the region. EMURGO Africa, the Africa and Middle East-focused venture arm of EMURGO is the official commercial arm and a founding…

Over the weekend, law enforcement conducted a raid on a Nairobi-based warehouse belonging to the cryptocurrency company WorldCoin, confiscating documents and materials. Armed with a search warrant, police officers visited the company’s offices along Mombasa Road and seized machines believed to contain the firm’s collected data. The obtained data was…

In an era where digital currencies and web3 environments are gaining increasing prominence, PayPal has taken a momentous step to revolutionize the landscape. The financial giant has introduced a U.S. dollar-denominated stablecoin named PayPal USD (PYUSD), aiming to harness the transformative potential of stablecoins in digital payments. Innovation Village reported…

Can someone remind again what the cause of the fight is? Why are two billionaires thinking of having a cage-fight? Elon Musk tweeted posted on Sunday that the cage fight will be live-streamed on his social media platform “X” formerly known as Twitter. He also added that the proceeds will…

The Federal Competition & Consumer Protection Commission (FCCPC) of Nigeria issued a statement delisting certain otherwise approved and registered Digital Money Lending companies and, or their Applications (apps) on the 20th of July 2023. The commission also said that by that action, the affected DMLs ceased to operate legally. According…

Moving to a new home comes with a mix of excitement and challenges. The relocation process can quickly become overwhelming, but you can turn it into a smooth and stress-free experience with proper planning and organization. This is where a comprehensive moving checklist plays a crucial role. When moving into…

GlaxoSmithKline (GSK) Nigeria announced on Thursday its intention to discontinue its business operations after assessing the options for transitioning to a third-party distribution model for its pharmaceuticals and consumer healthcare products. The decision comes as GSK Nigeria faced heightened competition from local firms and imports from India and China. The…

Goodwell Investments, an impact investing firm dedicated to fostering inclusive growth in emerging markets, is excited to announce its recent investment in SOUK Farms. SOUK Farms is a prominent grower and exporter of fresh horticultural produce from Rwanda, and this investment is a significant step towards furthering their sustainable agricultural…

Dr. ‘Bosun Tijani, CcHub founder and CEO, has been unveiled as a ministerial nominee in the 2nd batch of ministerial nominees released by Femi Gbajabiamila, chief of staff to President Bola Tinubu and shared by Senate President Godswill Akpabio today. Based on his work in the technology space, it is…

What is happening at Quidax? CEO Buchi Okoro tweeted posted that its app has been delisted from Google Playstore and its Twitter ‘X’ account blocked as it celebrates its 5th anniversary. It seems all is not well at the crypto startup as with many crypto startups in the last couple…

Rapyd, a fintech-as-a-service startup, has entered into an agreement to buy PayU’s Global Payments Organisation for $610 million. Rapyd, a digital payment processing and infrastructure company, offers comprehensive products encompassing the entire payment spectrum, from accepting ecommerce payments to providing various financial solutions like payouts, FX, white label wallets, and…

The International Finance Corporation (IFC) has joined forces with Absa bank, a South African financial institution, to promote the growth of certified green buildings in the country. Through a loan of up to 4.5 billion South African rand (approximately $236 million), the IFC aims to support Absa’s strategy of expanding…

Google’s dominance in online search has triggered a regulatory crackdown by South Africa’s antitrust body. The Competition Commission has concluded that Google, which is owned by Alphabet Inc., holds a dominant position in search, leading to a distortion of platform competition that favours larger market players. In response to this,…

Zuri Health, the digital health startup founded in February 2020 by Ikechukwu Anoke and Daisy Isiaho, has been making significant strides in the healthcare industry. Recently, the company announced securing an undisclosed investment from Marula Square, a prominent venture capital firm with a focus on supporting African entrepreneurs. This comes…

The Office of the Data Protection Commissioner (ODPC) in Kenya has urged the public to be extra vigilant when interacting with Worldcoin, a digital identification platform that processes iris data using an orb scanner. Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, launched on the 24th of July 2023.…

The Central bank of Nigeria (CBN) has ordered the the release of frozen bank accounts of 440 firms, individuals allegedly involved in illegal foreign exchange trading. Some of the firms affected include fintech startups such as Bamboo Systems Technology Limited, Rise Vest Technologies Limited, Chaka Technologies Limited, abokiFX Limited, Nairabet…

Farmworks, a Kenyan agrotech startup announced that it has raised $4.1 million in a pre-series A round to strengthen its data analytics capabilities, and use Artificial Intelligence to enhance production and influence planting and lending decisions. The funding round was led by an existing investor, Acumen Resilient Agriculture Fund. Other…

Terragon, the Nigerian cloud analytics and marketing platform, has successfully raised $9 million in a Series B round. The funding will be utilized to enhance the platform’s cloud-native capabilities and kickstart its Pan-African expansion. The funding round was led by Orange Ventures, with participation from TLcom Capital, LoftyInc, Sango Capital,…

Google has partnered with Verve to enable payment of goods and services on the Google Playstore in Nigerian Naira. This is awesome news to many Nigerians who have been forced to look for foreign currency to make purchases on the Playstore. In this new arrangement, Google will process Verve transactions…

Changera, the fast-growing cross-border payments startup, is making waves in the fintech industry by joining forces with global leader MoneyGram and leveraging the open-source Stellar network. This strategic integration aims to enable cash-to-crypto deposits and withdrawals for customers worldwide, signaling a significant milestone in Changera’s mission to democratize cross-border payments…