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Isaac Sesi’s Journey from Agricultural Innovation to Business Success
For Ghanaian engineer and entrepreneur Isaac Sesi, developing an innovative product is only the beginning of a much bigger challenge. Turning an invention into a sustainable business requires more than technical expertise; it demands an understanding of customers, distribution, financing and the realities of the market. Sesi is the founder of Sesi Technologies, a Ghanaian…
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Why Contactless Payments Are Struggling to Gain Ground in Nigeria
Contactless payments are gradually transforming how people pay for goods and services worldwide, offering faster and more convenient transactions through tap-enabled bank cards, smartphones and other compatible devices. However, despite the growth of digital payments in Nigeria, several challenges continue to slow the widespread adoption of contactless payment technology. One major hurdle is the limited…
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Onafriq Exits Nigeria’s Agent Banking Market After Five Years
Onafriq, the pan-African financial technology company, is winding down its Nigerian agent banking business, Baxi, after five years, citing rising operating costs, naira depreciation and intensifying competition in the country’s payments market. Announced on October 16, 2026, the decision marks a strategic shift for the company, which entered Nigeria’s agent banking sector in 2021 through…
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Kuunda Founder Andrew Milne’s Legacy in Small Business Lending
Andrew Milne, co-founder and co-chief executive of African fintech company Kuunda, has died at the age of 54, leaving behind a legacy of expanding access to credit for small businesses, mobile money agents and underserved communities across Africa. Kuunda confirmed Milne’s death on October 15, 2026, stating that he passed away on October 13. The…
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Kuunda’s $5 Million Deal Opens Exit Route for Early Investors
Kuunda, a fintech company focused on providing financial services to businesses across emerging markets, has secured a $5 million secondary share deal that will allow early investors to exit their investments. The transaction highlights the growing importance of secondary share sales in Africa’s startup ecosystem, where investors are increasingly seeking ways to realise returns without…
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MAX Raises $29 Million to Expand Electric Mobility in Africa
Nigerian electric mobility startup Metro Africa Xpress (MAX) has secured fresh financing from US-based climate fintech company Nithio, bringing its Series B3 funding round to $29 million. The investment will support MAX’s expansion of affordable electric transportation and clean energy infrastructure across West and Central Africa. Announced by Nithio on October 12, 2026, the investment…