Nomanini, a fast-growing fintech platform in Africa, has announced the launch of a new supply chain finance solution called StockNow that connects FMCGs and financial service providers to serve Africa’s informal retailers at scale.

The Central Bank of Nigeria has granted an Approval In Principle to Abeg Technologies Limited, a product of Piggytech Global Limited, as a Mobile Money Operator (MMO) in Nigeria.

Futuregrowth Asset Management Ltd., a South African fixed-income money manager with 193 billion rand ($11.9 billion) of assets, is raising a fund to invest in startups with a strong developmental impact.

The rise of eSports is now strongly on the radar for many educational administrators at both high school and university levels.

Southbridge A&I, Salient Advisory and SCIDaR have partnered to launch i3, a US$7 million programme that will provide 30 African e-health startups with funding and support each year.

Startup tracker, Africa: The Big Deal’s figures show that since 2019, west African startups have hauled in $4.2 billion, representing 41% of the total funds logged in Africa in that period.

The World Bank has appointed Victoria Kwakwa, as the new World Bank Vice President for Eastern and Southern Africa, effective July 1st, 2022.

Apollo, a Kenyan agritech startup, has raised $40 million in a Series B funding round headed by Softbank Vision Fund 2 in an equity transaction.

Following a recent $1.50 million investment, Kenyan insurtech, mTek, has secured an additional investment commitment from African-focused fintech platform, Finclusion Group, to-date totaling $3 million – through both debt and equity.