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Solarbox Builds Solar-Powered EV Ecosystem in Senegal
Senegal is emerging as a surprising testing ground for solar-powered electric mobility in West Africa, and Solarbox is positioning itself at the center of this shift. The company is building an electric vehicle (EV) ecosystem that leans heavily on solar energy, aiming to solve one of the region’s most persistent challenges: unreliable and expensive grid…
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Beltone and Telda Partner to Expand Digital Investing in Egypt
Egypt’s investment landscape is set for a significant transformation as financial services powerhouse Beltone partners with fintech startup Telda to make mutual fund investments more accessible to a new generation of digital investors. The collaboration aims to bridge the gap between traditional wealth management and modern financial technology, giving millions of Egyptians easier access to…
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Chimoney Finds Buyer Weeks After Shutdown Announcement
In a surprising turn of events, fintech startup Chimoney is set to be acquired just four weeks after announcing plans to shut down its operations. The development marks a dramatic reversal for the company, offering a potential lifeline to its technology, customers, and mission after what appeared to be the end of its journey. Chimoney,…
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PawaPay Surpasses 3 Billion Mobile Money Transactions in Africa
PawaPay, one of Africa’s leading mobile money payment infrastructure providers, has announced a major milestone, surpassing 3 billion transactions processed across the continent’s rapidly growing mobile money ecosystem. The achievement highlights the increasing role of digital payments in Africa and underscores the company’s position as a key enabler of financial inclusion and cross-border commerce. Founded…
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Flutterwave Soars to $3.25 Billion Valuation
African fintech giant Flutterwave has reached a valuation of $3.25 billion following a successful Series E funding round backed by blockchain payments company Ripple. The latest investment marks another major milestone for the Lagos-founded startup, reinforcing its position as one of Africa’s most valuable technology companies and a leading force in the continent’s rapidly expanding…
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MTN MoMo Drives Financial Literacy in Zandspruit
MTN Group Fintech has intensified its financial inclusion efforts by taking its financial literacy initiative to Zandspruit, a densely populated community in South Africa, through the rollout of the MoMo Financial Aid Kit. The program is designed to empower residents with practical financial knowledge while expanding access to digital financial services through MTN’s mobile money…