South Africa fintech, Stitch acquires Exipay
In a strategic move to broaden its service offerings, South Africa fintech, Stitch acquires Exipay, a company specializing in payment solutions. This acquisition marks Stitch’s foray into the realm of in-person payments, enhancing its ability to deliver comprehensive financial services to prominent enterprises throughout Africa. Following the acquisition, ExiPay’s platform
PAIX Data Centres expands to Dakar, Senegal
PAIX Data Centres expands to Dakar, Senegal, marking a significant step in its African expansion strategy. Strategically located in the Ouakam neighborhood, near the ACE and 2Africa submarine cable landings, this facility is poised to become a central hub for cloud, content, and connectivity services in the region. The Dakar
How Bento Africa allegedly scammed customers as LIRS reportedly investigates
The Lagos State Inland Revenue Service (LIRS) has reportedly begun an investigation into Bento Africa, a Nigerian human resources (HR) and payroll management company, for what is described as a scam on companies that use its payroll service. This alleged scam was first called out in an X post by
Top 5 Investment Opportunities in Cameroon This Year
Cameroon is often referred to as “Africa in miniature” because of its diversity in culture, climate, and geography. This country boasts a wealth of natural resources, a growing economy, and a business-friendly environment, making it an attractive destination for investment. For potential investors seeking opportunities in agriculture, mining, energy, and
Top 6 Investment Opportunities in Zambia This Year
Zambia is increasingly becoming a hotspot for investment opportunities in diverse sectors. Over the years, Zambia has made significant strides in improving its business environment, attracting foreign direct investment (FDI), and positioning itself as a country for investors looking to tap into the broader African market. With abundant natural resources,
Top 5 Investment Opportunities in Egypt This Year
Egypt offers numerous investment opportunities for local and international investors alike. As one of the largest economies in Africa and the Middle East, Egypt is positioning itself as a key player in the global market. With government reforms, a youthful population, and investments in infrastructure, Egypt is steadily becoming an
NATCOMS takes legal action as NLC plans protest
The National Association of Telecommunications Subscribers (NATCOMS) takes legal action as Nigeria Labour Congress (NLC) plans protest over 50% telecom tariff hike. This tariff adjustment, sanctioned by the Nigerian Communications Commission (NCC), has sparked intense discussions regarding its effects on the Nigerian populace. While the NLC is organizing nationwide protests
Nigerian fintech startup Accrue raises $1.58 million seed round
In a recent development, Accrue raises $1.58 million seed round led by Lattice Fund, with participation from Kraynos Capital, Distributed Capital, Lava, and Maven 11. This capital injection is intended to enhance Accrue’s payment infrastructure, expand its team, and improve its product offerings. Accrue, founded in 2021 by former Helicarrier
KCB Bank and Mastercard debut Kenya’s first multi-currency prepaid card
KCB Bank and Mastercard debut Kenya’s first multi-currency prepaid card supporting 11 major currencies. This innovative financial tool is tailored to simplify international transactions for users, offering a seamless experience across various currencies. Enhanced spending management The prepaid nature of the card empowers users to load specific amounts, facilitating meticulous
Top 5 Investment Opportunities in Morocco This Year
Morocco has steadily become one of the most attractive destinations for investment in North Africa. With its stable political climate, diverse economy, and favorable business environment, Morocco offers a wealth of opportunities for foreign and local investors alike. Whether you’re interested in real estate, renewable energy, technology, or agriculture, this
