How Mobile Money is Changing Business Across Africa
Access to traditional banking services has historically been low in Africa. For decades, vast rural areas lacked physical bank branches, and even in urban centers, opening a bank account could be costly and time-consuming. But the rapid growth in communication technology—particularly mobile phone penetration—has created a leapfrog moment for African
Top 5 Crypto OTC Trading Platforms in Nigeria This Year
If you’ve ever tried converting a large amount of crypto to cash in Nigeria, you already know how difficult it can be, considering the frequent bans and exchange restrictions. Between unstable P2P markets, delayed transactions, and rising fraud risks, many crypto users now turn to crypto OTC trading platforms for
Ethiopian birr hits record low against the dollar
The Ethiopian birr hits record low of 174 to the dollar on the parallel market, widening the gap with the official exchange rate to nearly 40% and raising questions about the country’s attempts to liberalise its economy. The widening spread could further pressure financial institutions and import-reliant businesses struggling to
Fintech in Africa: Trends to Watch in 2025
In 2025, fintech in Africa is no longer an emerging story—it’s a continental force. In the first half of the year alone, startups raised $1.42 billion, nearly half of all African tech funding, as investors bet big on the sector’s ability to bank the unbanked and fuel economic growth. Mobile‑money networks
Tanzania’s digital payments hit $11.6 billion as real-time system adoption rises
Tanzania’s digital payments more than doubled in value in 2024, with the country’s national switch processing TSh29.9 trillion ($11.6 billion) in transactions by December, up from TSh12.5 trillion ($4.9 billion) in the previous year, according to the Bank of Tanzania’s (BoT) latest financial stability report. The Tanzania Instant Payment System (TIPS),
Inside 54gene’s Journey: The Startup That Tried to Rewrite Africa’s Genetic Future
In 2019, Nigerian scientist Dr. Abasi Ene-Obong founded 54gene to tackle a glaring global health inequity: Africa’s vast genetic diversity was barely represented in global research, with less than 3% of genomic data coming from the continent. The mission was clear — build Africa’s first large-scale genomic database, revolutionize drug
Kenya’s DigiTax gets approved to offer e-invoicing in Nigeria
Kenyan e-invoicing startup, DigiTax gets approved by Nigeria’s Federal Inland Revenue Service (FIRS) as an Access Point Provider and System Integrator, allowing it to connect businesses to the government’s e-invoicing platform as Nigeria ramps up digital tax enforcement for large companies. “This milestone solidifies DigiTax’s position as a trusted partner
5 African Countries Leading the Tech Boom in 2025
Africa’s tech industry is booming in 2025, with five countries standing out for their rapid growth, investment, and innovation: Kenya, Nigeria, South Africa, Egypt, and Rwanda. These nations are driving advancements in fintech, AI, agritech, and more, while attracting billions in funding. Here’s a quick breakdown: Country H1 2025 Funding
Today Africa Weekly: Tech news recap | July 28 – August 3, 2025
July 28 – August 3, 2025, Africa’s startup ecosystem kept up its fast‑paced momentum, powered by fresh ideas, new funding, and shifting market trends. From young startups finding their footing to established players pushing boundaries, the continent’s tech space is creating opportunities, solving local problems, and catching the world’s attention. Here’s a look






