PARTNERSHIP | Yellow Card and LightSpark Partner to Bring Universal Money Address (UMA) to African Businesses and Consumers

Yellow Card, Africa’s leading fiat-to-crypto on and off-ramp, has announced a new partnership with LightSpark at the Africa Bitcoin Conference 2024. For the first time, businesses and people on the…

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LIST | Morrocon Fintech, Joro Cash, Takes ‘Best Fintech Award’ at the 2024 AfricArena Grand Summit

Morrocan startup, Joro Cash, was announced winner of the Best Fintech Startup Award at the just concluded 2024 AfricArena Grand Summit held in Cape Town, South Africa. More than 100…

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FUNDING | SeedStars Africa Secures $42 Million Raise to Invest in Highly Scalable Early Stage Startups

SeedStars Africa Ventures I, a venture capital fund making early-stage investments in highly scalable start-ups in Africa, has announced the close of a $42 million raise. The fund, with offices…

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FUNDING | African Startups Raised $180 Million in November 2024 – a 29% Decline from October 2024

Venture funding in Africa experienced a decline in November 2024, with 32  startups across the continent raising $180 million during the month, according to a report by African venture funding…

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REPORT | Stablecoins Have Become Crypto’s Killer App Amid Blockchain Scaling Improvements, Says New a16z Report

By enabling fast, cheap, global payments, among other uses, stablecoins have become one of crypto’s most obvious ‘killer apps’, says a new report by a16z crypto. According to the report,…

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INFLATION | Ethiopian Birr Devaluation Costs Safaricom Over $130 Million in Just 6 Months Despite ~50% Customer Growth

Safaricom PLC’s half-year profits [H1 2024] declined 17.7% to KES 28.1 billion ($216.6 million) from KES 34.1 billion ($262.8 million) on account of the 106% depreciation of the Ethiopian Birr.…

Continue ReadingINFLATION | Ethiopian Birr Devaluation Costs Safaricom Over $130 Million in Just 6 Months Despite ~50% Customer Growth