AXIAN Telecom has acquired an 8% stake in pan-African e-commerce company Jumia Technologies, citing the platform’s fintech and logistics strengths as key drivers of its backing. This marks the first major telecom investment in Jumia since MTN Group’s exit in 2020. AXIAN, a fast-growing telecom and digital services provider with operations across Africa, disclosed the […]
Read MoreFirstmonie Agent Credit Scheme is a FirstBank’s digital lending solution designed to empower a wide range of low-income individuals who face barriers in accessing traditional credit channels. This innovative program offers financial support to Firstmonie Point-Of- Sale agents by enabling them to overcome liquidity challenges and capitalize on new opportunities without disruption in business due […]
Read MoreThe Binary Holdings (TBH), a Web3 company valued at $16.9 billion, announced yesterday a strategic partnership with Kotzev Limited, a Nigeria-based operator of the digital payments platform PreponeBills. This partnership, according to the company, lays the path for a significant entry into the African market, where unexplored prospects for Web3 adoption are growing. According to […]
Read MoreNigeria’s outstanding digital bank for small and medium-scale businesses, Trade Lenda is excited about the impact that it has been able to make in the last four years. Yesterday in Lagos, Southwest Nigeria, the digital bank for SMEs rollout the drums to thank its partners and the businesses that it has nurtured and given technical […]
Read MoreAMA PRESS RELEASE The Mastercard Foundation has unveiled a $300 million strategic partnership with UNHCR, the UN Refugee Agency, that will enable more than half a million refugees and displaced youth across Africa to complete their education and 200,000 young people to transition into dignified work by 2030. “This extraordinary commitment comes at a time […]
Read Morelt’s only a week until the AfricArena Lagos Summit 2025, which will highlight West Africa’s most promising tech talent begins. The stage has been set, according to organisers, and the energy is building as the widely anticipated AfricArena fintech, mobility and logistics summit, which will take place at the Eko Hotel And Suites on Victoria Island, […]
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Stakeholders in Nigeria’s fintech ecosystem are concerned about how collaboration among financial service providers, telecommunication operators, and tech Startups are crucial to leapfrogging the country’s digital economy. Stakeholders who spoke at the second edition of Payment Forum Nigeria (PAFON 2.0) harped on the essence of conscious effort geared at consumer awareness, and proffered key remedies […]
Read MoreCustomers of mobile money operator Smartcash Payment Service Bank (PSB) may now upgrade their wallets from Tier 1 to Tier 3 for a smooth, cashless, and stress-free holiday experience. The company in statement said the motive is to offer improved security, access, and reliability, the Smartcash app now enables instant verification with customers’ NIN or […]
Read MoreThirteen Nigerian startups are in all the three categories of E-commerce and FinTech, HealthTech, GreenTech for the 45 finalists of Viva Technology 2025 AfricaTech Awards. This year once again, Nigeria confirms its dynamism with the highest representation among the 56 African countries in the running. 110 Nigerian applications were received, a 70% increase over last […]
Read MoreMobile money has surpassed two billion registered accounts, with over half a billion active monthly users across the globe in the 25 years since its launch. Leading this market growth is Sub-Saharan Africa with a total of 1.1 billion registered accounts and more than 280 million active 30-day accounts, as recorded at the end of […]
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