After years of sustained growth, the mobile money sector in Africa is changing. Up until recently, mobile money has been seen as a substitute for cash and a convenient way to transfer money without the need for a bank account.

The scramble is on for Zimbabwe’s billion-dollar remittance industry with local and international fintech institutions vying for a share of the pie against legacy banks and traditional money transfer agencies.

To spur financial inclusion and support economic growth in Senegal and Côte d’Ivoire, global development institution, IFC has announced an investment in Wave Mobile Money S.A. (Senegal) and Wave Côte d’Ivoire S.A., mobile money firms that are helping lower prices...

Ride-hailing firm Bolt has launched its African hub in Nairobi, joining a growing list of tech companies that have set their eyes on Kenya to expand in the region.

Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of CoinAfrique, the leading platform for classified ads in French-speaking Africa, to accelerate penetration of its auto financing services in Senegal, Côte...

Xend Finance, a leading Decentralized Finance (DeFi) platform in Africa, has announced it has crossed 100, 000 users on its savings platform. At the same time, it has announced the opening of the platform to savings in local currencies in:

BNPL startups in Nigeria are gambling millions of venture dollars on solving a problem of weak ID verification and scant consumer credit records. When Fu’ad Lawal wanted to buy a new computer last year, he didn’t want to wait until...

Telkom has partnered Buy-Now-Pay-Later company, Lipa Later, to offer Kenyans a product financing solution that will make it easier to purchase smart mobile devices.

Crypto exchange Binance has partnered with Khaby Lame, the most-followed creator on TikTok, to increase awareness of Web3. The influencer will act as a global brand ambassador for the exchange, helping debunk myths surrounding the crypto and blockchain space.

The Moroccan central bank is presently working on a cryptocurrency regulation framework bill and according to the bank’s governor, Abdellatif Jouahri, this is set to be introduced soon. The regulatory framework being worked on will result in Morocco’s money laundering...