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Ivorian fintech startup Djamo has raised $17 million in a major funding round, marking a significant milestone in Francophone Africa’s fintech evolution. With over 1 million users across Côte d’Ivoire...
The ongoing recapitalisation drive in Nigeria’s banking sector continued this week, with several banks making progress on their capital-raising plans. While no major new announcements were made, banks largely maintained...
Paystack has unveiled Zap, a new consumer-focused app designed to make bank transfers faster and more seamless. The announcement was made by Paystack’s CEO, Sola Akinlade, at a special launch...
Johannesburg, March 28 (Reuters) – The South African rand weakened on Friday as investors reacted to global trade tensions and domestic political uncertainty surrounding the national budget. As of 1507...
Kampala, March 29 (Reuters) – Uganda has signed a landmark agreement with UAE-based Alpha MBM Investments to develop a 60,000-barrel-per-day (bpd) oil refinery in Kabaale, Hoima District, the office of...
Zimbabwe’s public debt has risen by $3bn to $21bn, following the recapitalization of the Mutapa Investment Fund, a move that has sparked concerns over transparency and fiscal sustainability. The increase...
South African lender Absa expects mid-single digit revenue growth in 2025, supported by an improved macroeconomic environment and fewer bad loans, following a 10% increase in annual profit. Key Financial...
Agricultural ministers from several African nations have called for the digitalization of the farming sector between 2025 and 2030 to address challenges related to risk management and distribution, particularly for...
With drastic cuts to the US Agency for International Development (USAID) under Donald Trump’s policies, several African nations are exploring alternative funding sources to address growing financial shortfalls. One potential...
The Central Bank of Nigeria (CBN) and the Office of the National Security Adviser (ONSA) have joined forces to address the increasing commoditisation and abuse of the Naira. Their collaboration,...
