Bolt Food in Ghana has increased its delivery riders’ pay by at least 10 percent following a series of protests and three-day strike action embarked on by the riders. The
African tech startup ecosystem defied the odds and continued its impressive VC funding run, raising a total of $6.5 billion in 2022, according to Partech data, representing an 8%
Equator, a climate tech venture capital firm, has announced the initial close of its first fund with $40 million in commitments. The company, which focuses on sub-Saharan Africa, has received
EthSwitch, Ethiopia’s national payment switch has entered into a Memorandum of Understanding (MoU) with Mastercard to enable financial institutions across the East African nation to accelerate the adoption and
Shuttlers, a Nigerian ride-sharing startup has secured $4 million in a Verod-Kepple Africa Ventures (VKAV)-led funding round with participation from VestedWorld, ShEquity, CMC 21 & Alsa, and EchoVC to
The Federal Competition and Consumer Protection Commission (FCCPC) has taken a major step towards curbing the activities of illegal loan apps in Nigeria by approving 173 digital lending platforms to
The International Finance Corporation (IFC) has announced its investment in a risk-sharing facility for the Bank of Africa Group (BOA). This is aimed at easing access to finance for small
In recent years, Kenya has emerged as a force to be reckoned with in terms of technologically driven solutions to local problems on the African continent. After successfully establishing itself
The Nigerian government’s decision to invest $52 million (N24.20 billion) in providing free broadband internet access in 75 public locations across the country is a significant step towards
Microsoft Kenya is reportedly laying off several employees, particularly at its Africa Development Centre in Nairobi. Although the exact number of employees affected is unknown, TechWeez reported that at least
Payday, a Rwandan-born Pan-African neobank issuing global payments accounts denominated in USD, EUR, and GBP to Africans, has announced a $3 million seed round to drive its “future of work”
Yellow Card, a Pan-African cryptocurrency exchange founded by Chris Maurice and Justin Poiroux, has become the largest centralized exchange in Africa, having facilitated $1.75 billion in transactions since its
