From Lagos to Nairobi

Nigerian fintech powerhouse `Moniepoint has reported a $ 1.2 million in its first year of operations in the United Kingdom, underscoring the high cost of international expansion in a tightly regulated market. Despite the early financial setback, the company has doubled down on its European ambitions by acquiring Bancom Europe Limited, an FCA-regulated electronic money…

Flutterwave UK, the British arm of African fintech giant Flutterwave, has reported a loss of £2.27 million for the financial year ending 2024, despite recording year-on-year revenue growth. The figures, disclosed in its latest Companies House filing, highlight the ongoing challenges fintech companies face in balancing growth and profitability during expansion phases. While the UK…

ZinariPay, a fast-rising player in the African fintech space, has announced a major expansion of its services through the launch of a regulated marketplace infrastructure. This move marks a significant milestone in the company’s mission to create a more inclusive and compliant digital economy, empowering both merchants and consumers with seamless, secure, and scalable financial…

Olu Oyinsan, Managing Partner at Oui Capital, is doubling down on the belief that early-stage investors in Africa can achieve profitable exits despite the region’s unique challenges. At a time when global venture capital markets are tightening, Oyinsan remains optimistic about the future of African startups — and the returns they can generate for investors…

The Central Bank of Nigeria (CBN) has recently introduced new guidelines for agent banking operations, a move that is set to significantly reshape the competitive dynamics within Nigeria’s fast-growing fintech sector. These rules, aimed at improving regulatory oversight and ensuring financial inclusion, are poised to affect both traditional financial institutions and emerging fintech companies. Under…

In a significant leap toward enhancing digital connectivity, the Republic of Congo has announced the successful deployment of 20 operational high-speed internet connectivity sites across the country. This development marks a pivotal step in the nation’s ongoing efforts to bridge the digital divide and accelerate socio-economic growth through improved access to reliable internet services. The…