Bolt Announces Plan to Invest €500 Million in Africa

Bolt Announces Plan to Invest €500 Million in Africa

The most popular mobile app in Africa, Bolt, has declared plans to spend €500 million there over the next two years. More than 300,000 additional drivers and couriers will have the opportunity to join the platform in 2023 thanks to the expansion of Bolt services throughout Africa. Bolt, which debuted in South Africa in 2016,…

Mastercard Partners With Network International to Introduce new Artificial Intelligence Fraud Prevention Solution
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Mastercard Partners With Network International to Introduce new Artificial Intelligence Fraud Prevention Solution

In order to lower costs and risk for acquirers, Mastercard has teamed with Network International to address fraud, declines, and chargebacks. Through the collaboration, Network will make available to acquirers and companies in the area Mastercard’s Brighterion Artificial Intelligence (AI) technology for transaction fraud screening and merchant monitoring. Losses from credit card theft are anticipated…

Nigerian Blockchain Payments Startup, Bingtellar Announces Crypto-to-fiat Conversion Service
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Nigerian Blockchain Payments Startup, Bingtellar Announces Crypto-to-fiat Conversion Service

Nigerian blockchain payments firm Bingtellar has announced the availability of its quick crypto-to-fiat conversion service, allowing individuals and organizations to buy, sell, and receive payments in local money with ease. Bingtellar, founded in 2021, enables real-time conversion of cryptocurrency to fiat and offers users rapid liquidity in their home currency. With a typical transaction time…

Cellulant Partners WIth Money Q to Facilitate Cross-Border Payments Across Africa

Cellulant Partners WIth Money Q to Facilitate Cross-Border Payments Across Africa

With the help of a partnership with a financial solutions provider based in Dubai, Cellulant, Africa’s leading provider of payment solutions, has made it possible for expats to conveniently recharge airtime for their dependents across Africa. Through KrosPayz, Money Q’s pan-African digital payments platform that enables online payment for purchases and value-added services at the…

Visa Vows to Invest $1 Billion Towards Africa Digital Transformation
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Visa Vows to Invest $1 Billion Towards Africa Digital Transformation

Visa, a global payments company, has pledged to invest $1 billion in Africa over the next five years. The announcement was made at the ongoing US-Africa Business Forum in Washington, DC, alongside the US-Africa Leaders’ Summit. Visa has ten African offices from which it accepts payments in all 54 countries. The financial services provider says…

Seven African stock markets begin a process of integration
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Seven African stock markets begin a process of integration

In order to promote cross-border trading of securities throughout the continent, seven African stock exchanges on Wednesday started an integration experiment in the Ivory Coast. Nigeria, Mauritius, Morocco, South Africa, Kenya, Egypt, and West Africa’s stock markets are all a part of the effort, which is known as the African Exchanges Linkage project. Later on,…

How SMEs Can Take Advantage of Social Media Advertising for Scalability

How SMEs Can Take Advantage of Social Media Advertising for Scalability

For every company out there, there is an in depth goal to increase her market share in both the local and global market space. The profit margin of a company is largely dependent on the audience at her disposal. Before now, companies have used various forms of advertising to promote their product inorder to reach…

uqudo, UAE-based Fintech Joins Forces With Several Companies to Promote Digital Identity in Africa

uqudo, UAE-based Fintech Joins Forces With Several Companies to Promote Digital Identity in Africa

In order to advance digital identification across the continent of Africa, uqudo, a digital identity firm that makes customer onboarding safe, effective, and affordable, has worked with various organizations in the region. 50% of the 1.3 billion people in Africa, according to the World Bank and the Africa Development Bank, are smartphone users. The projected…

OneWeb Partners With Airtel Africa to Provide Better Connectivity Services in Africa

OneWeb Partners With Airtel Africa to Provide Better Connectivity Services in Africa

OneWeb has announced that it has entered into a relationship with Airtel Africa. Through this collaborative partnership, OneWeb will be able to reach government and enterprise clients throughout large swaths of the continent with its high-speed, low-latency LEO connection services. The partnership will concentrate on providing enterprise and civil government customers with satellite communications services…

500 Global Partners With GIZ to Support African Accelerators

500 Global Partners With GIZ to Support African Accelerators

The German economic development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and its Make-IT in Africa initiative have teamed up with the US-based venture capital firm 500 Global to launch the Bootcamp for Accelerator Managers (BAM) program, which will support African accelerators in their efforts to support the continent’s talented entrepreneurs. The BAM program aims…

Flourish Ventures Unveils Afro-centric Pre-seed Investment Platform

Flourish Ventures Unveils Afro-centric Pre-seed Investment Platform

The introduction of affiliate Madica, a structured investment program for pre-seed stage technology startups in Africa, has been announced by Flourish Ventures, a global venture capital firm investing in entrepreneurs building mission-driven fintech businesses. With more than $500 million under management, Flourish Ventures supports entrepreneurs whose inventions improve the financial security and prosperity of individuals…

Ampersand Collaborates With Bboxx to Transform its e-Mobility Scheme

Ampersand Collaborates With Bboxx to Transform its e-Mobility Scheme

Ampersand, an e-mobility provider of sustainable transportation solutions in East Africa, and Bboxx, a platform that facilitates access to vital goods and services, collaborate to expand Ampersand’s e-mobility program in Rwanda. The program is now being implemented in Kigali, Africa’s greenest city, after a successful initial experiment in the nation. Over the next few years,…

Making digital strategy work in a disruptive environment

Making digital strategy work in a disruptive environment

Change is constant. Private individuals and businesses experience this phenomenon. A disrupted environment is an atmosphere where unexpected events occur in a way that influence processes and procedures. Disruption could be positive or negative. For instance, an influence in marketing that led to tremendous sales is a disruption with a positive impact. Disruption can occur at any…

Be Mobile Africa Rolls Out EUR & USD Accounts for African businesses
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Be Mobile Africa Rolls Out EUR & USD Accounts for African businesses

For businesses in Africa, Be Mobile Africa has created a new multi-currency business banking platform. Customers will be able to use the site to apply for and open business accounts in USD and EUR within 48 hours without having to physically visit a bank location. With the help of the neobank’s new service, businesses will…

Geidea, Egyptian Fintech Joins Forces With Visa to Fast-track Digital Payments Across Egypt

Geidea, Egyptian Fintech Joins Forces With Visa to Fast-track Digital Payments Across Egypt

The world’s leading provider of digital payments, Visa, and Geidea, an Egyptian Fintech business, have announced a strategic agreement to offer Geidea’s cutting-edge payment solutions to the Egyptian market. To provide smooth and secure payment options for merchants and SMEs across the nation, Visa will invest in enhancing existing payment solutions using Geidea’s Point-Of-Sale terminals….

Data Modelling Techniques: Creating Effective Data Structures for Analysis
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Data Modelling Techniques: Creating Effective Data Structures for Analysis

Data modelling is a fundamental process in data engineering and analytics that entails designing and building data structures that accurately describe the relationships between data pieces. Effective data modelling is required for organising, storing, and analysing data in a way that supports corporate objectives while also providing useful insights and decision-making. In this in-depth post,…

Knife Capital Raises USD50 Million for Pan-African Expansion
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Knife Capital Raises USD50 Million for Pan-African Expansion

Standard Bank and the SA SME Fund have backed venture capital firm Knife Capital’s new USD50 million African Series B expansion fund, Knife Fund III, along with other respectable investors. The Fund’s mission is to close a crucial funding gap for follow-on projects while investing in the growth of African businesses that are driven by…

Paymob Partners With Tabby to Transform the Egyptian e-Commerce Landscape

Paymob Partners With Tabby to Transform the Egyptian e-Commerce Landscape

In order to support the growth of retailers in Egypt, Paymob, an Egyptian payment, and shopping app has partnered with Tabby, a buy-now-pay-later (BNPL) platform with headquarters in Dubai. This partnership allows companies operating within the Paymob network to take advantage of Tabby’s split-in-four, interest- and fee-free payment solution through Paymob’s gateway. Over 120,000 merchants…

Digital bank FairMoney Join Forces With Oradian to Fast Track Market Growth

Digital bank FairMoney Join Forces With Oradian to Fast Track Market Growth

To support its next phase of expansion and product innovation, FairMoney, a credit-driven mobile banking network for developing nations in Africa and Asia, has teamed with Oradian, a cloud-based core banking system. Oradian provides financial services to over 10 million users, collaborating with more than 50 tech lenders, banks, and finance firms in 13 African…

Eyowo, Nigerian Digital Bank Collaborates With MasterCard to Launch Digital First Debit Card
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Eyowo, Nigerian Digital Bank Collaborates With MasterCard to Launch Digital First Debit Card

An online bank in Nigeria named Eyowo has announced the introduction of the “e Better Card,” a digital-first debit card. The Eyowo debit card is a numberless Mastercard that allows cardholders access to a secure and smooth payment experience by safely keeping their payment information in the Eyowo X mobile app. This eliminates the possibility…

Clickatell Joins Forces With the Central Bank of Nigeria to Provide Seamless eNaira Services

Clickatell Joins Forces With the Central Bank of Nigeria to Provide Seamless eNaira Services

All Nigerians can now access quick, easy, and affordable eNaira banking services using the USSD channel, which eliminates the need for data and is accessible on all handsets, thanks to a partnership between Clickatell and the Central Bank of Nigeria (CBN). Clickatell is a pioneer in CPaaS and a leader in chat commerce. In an…

PowerDFI, a US-based Blockchain Financial Startup Buys Naijacrypto, a Nigerian cryptocurrency exchange
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PowerDFI, a US-based Blockchain Financial Startup Buys Naijacrypto, a Nigerian cryptocurrency exchange

PowerDFI, a Blockchain financial startup based in Wyoming, has acquired Naijacrypto, a Nigerian-owned cryptocurrency platform that initially targeted African markets. Naijacrypto is a cryptocurrency exchange that offers cryptocurrency spot trading, staking, cryptocurrency-backed loans, and numerous other blockchain-based services. It aims to close financial inclusion gaps by facilitating traditional financial activities through the blockchain. Tim Webb,…

Adobe is Set to Acquire Figma for $20 Billion
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Adobe is Set to Acquire Figma for $20 Billion

Adobe is reportedly closing a deal to acquire Figma, a startup based in the United States that creates online design collaboration tools. According to reports, the transaction could be completed for around $20 billion, as Adobe seeks to expand its portfolio of collaboration-focused platforms geared for the hybrid-work era. The leading software company is increasingly…

How Start-Ups can conduct Business Pitching for Solid Closing

How Start-Ups can conduct Business Pitching for Solid Closing

What does pitching in business entail? In business, pitching means presenting company concepts to another person. As an illustration, you might introduce your fledgling company to possible investors or your items to prospective clients. To get buy-in, a business pitch must clearly explain your strategy or objectives to the audience. Your goods and business are the subject…

Why purpose should be a top strategic priority
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Why purpose should be a top strategic priority

Today, purpose-driven brands outperform those that are not. People want to feel that a brand has invested in them, its employees, the community in which it operates, or the environment. According to the findings of the 2021 Edelman Trust Barometer, 68% of consumers believe they have the power to force corporations to change, and 86%…

Africa Data Centres Partners With Nigeria’s Principle Internet Exchange Point

Africa Data Centres Partners With Nigeria’s Principle Internet Exchange Point

Africa Data Centres, part of the Cassava Technologies group and one of the continent’s largest networks of interconnected, carrier- and cloud-neutral data center facilities, has taken a significant step forward in its widescale expansion into Africa by partnering with Nigeria’s primary internet exchange point: IXPN. “IXPN is without a doubt Nigeria’s leading internet exchange point,…

How Business Process Outsourcing Can Increase the Productivity of Your Workforce

How Business Process Outsourcing Can Increase the Productivity of Your Workforce

?    What is Outsourcing in Business? ?    Types of Outsourcing ?    Areas of Workforce Outsourcing ?    Is Workforce Outsourcing ideal? What is Outsourcing in Business? Since 1989, businesses have used the outsourcing of labor to reduce costs that would otherwise be incurred, regardless of the efficiency of the business outsourcing is transferring responsibilities that should have been handled by in-house workforce…

Flutterwave Obtains a Switching License from the Central Bank of Nigeria
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Flutterwave Obtains a Switching License from the Central Bank of Nigeria

Flutterwave, a major payments technology firm in Africa and in Nigeria, has announced that the Central Bank of Nigeria has granted it a Switching and Processing License (CBN). Flutterwave will be able to issue payment cards to customers directly thanks to the Switching and Processing license, as well as process financial transactions for other fintech…

How Businesses Can Generate Profits by Adopting Consistent Cash flow Mechanisms

How Businesses Can Generate Profits by Adopting Consistent Cash flow Mechanisms

There are many reasons why companies fail, and one reason for failure in business is the lack of funds, the exchange of money for the goods or services provided. There is no point in having a great product when its market value is zero, sooner or later, the competition for market share would shift to those who…

Float, Ghanaian Fintech Startup  Acquires Nigeria’s Accounteer to Roll out Accounting Services to Small Businesses

Float, Ghanaian Fintech Startup Acquires Nigeria’s Accounteer to Roll out Accounting Services to Small Businesses

An undisclosed sum was paid by Float, a Ghanaian fintech firm, to fully purchase Accounteer, a Nigerian cloud-based accounting business that offers bookkeeping, tax preparation, and financial counseling services all on one platform. Eight months after Float obtained its $17 million in equity and debt startup capital, this acquisition was finalized. The discussion that resulted…