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FairMoney reportedly in acquisition talks with Shara
FairMoney is in advanced merger and acquisition discussions with payments startup Shara, in a deal that could reshape the country’s fast-consolidating financial services sector. According to sources familiar with the matter, the talks have been ongoing for several months, with both companies exploring a potential acquisition structure that would integrate Shara’s operations into FairMoney’s broader…
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Clarus calls for a tailored support model for East African startups
East Africa’s startup ecosystem has been growing steadily over the past decade, but investors and operators increasingly agree that traditional venture capital models may not fully address the region’s unique challenges. This is the view of Clarus, a firm that argues East African startups require a fundamentally different kind of support—one that goes beyond funding…
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Kenya’s mobile money boom exposes cracks in its financial infrastructure
Kenya is widely recognized as a global leader in mobile money innovation, with platforms like M-Pesa transforming how millions of people send, receive, and store money. What began as a simple SMS-based transfer service has evolved into a full financial ecosystem powering payments, savings, credit, and even investment services. Today, mobile money has become deeply…
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Kenya plans new digital tax targeting Visa, Mastercard, and Microsoft
Kenya is preparing a sweeping overhaul of its digital taxation framework, with new proposals that would directly impact global technology giants including Visa, Mastercard, and Microsoft. The move is part of a broader government effort to boost domestic revenue collection from the fast-growing digital economy, which has expanded rapidly in recent years as more businesses…
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Techstars-backed Chimoney shuts down over distribution struggles
Techstars-backed fintech startup Chimoney has officially shut down after struggling to achieve meaningful distribution and sustainable market traction, marking another setback in Africa’s increasingly competitive fintech landscape. Despite early optimism, strong investor backing, and a promising vision for simplifying cross-border payments and digital value transfer, the company was ultimately unable to scale its user base…
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Egypt’s Bosta delivers rare fast cash exit for African investors
Egypt’s startup ecosystem has delivered a rare success story for African venture capital investors after logistics startup Bosta generated a profitable cash exit only two years after investment. The development is being celebrated across the continent’s tech industry, where exits have become increasingly difficult amid declining venture funding and economic uncertainty. The Cairo-based company, founded…