Kenyan fintechs M-PESA and Pezesha are launching Mkopo wa Pochi, a credit service for small business owners to borrow through M-PESA accounts. Available from June 2024, it aims to utilize both firms' strengths, offering quick loans with flexible terms and a credit assessment process.

Safaricom PLC's H1 2024 profits dropped 17.7% to KES 28.1 billion due to the Ethiopian Birr's depreciation. Despite this, subscriber growth rose significantly in Ethiopia, increasing customer engagement and revenue in key offerings like voice and mobile data.

Twitter's new 'Tips' feature enables users to monetize their tweets through third-party payment services, including options for Bitcoin. This allows content creators, particularly in Africa, to earn money directly from their followers.

Unstoppable Domains has launched **.brave**, an official onchain domain for Brave's 86 million users, enhancing digital identity ownership and crypto transactions. Minted on Polygon, it enables decentralized website creation and strengthens Brave's privacy-focused ecosystem.

Yeshara Tokens Limited has been admitted to CMA Kenya's Regulatory Sandbox for a year to test its blockchain real estate tokenization platform. It must comply with various requirements, including regulatory plans and risk management protocols.

Ivory Coast fintech startup, Djamo, has secured $17 million in equity funding to support the expansion of its mobile banking services across Francophone Africa.
The round was led by:
Janngo Capital
with participation from:
The SANAD Fund for MSMEs
Partech
OikoCredit
Enza Capital, and
Y

SIMAD iLab, a tech hub established by SIMAD University in Mogadishu, has seen substantial growth in five years, supporting startups and creating jobs. Its recent upgrade enhances its role in Somali innovation, making it one of Africa's top tech hubs.

In recent years, the venture capital (VC) scene in Africa has seen a notable shift, particularly in the fields of agritech and climate tech.
The journey of Rhea, a Kenyan agritech startup that focuses on soil health, illustrates this transformation vividly.
Founded in 2022 by Priscillah Wakerera a

Nigerian fintech Nomba has raised $30 million in pre-Series B funding to enhance customized payment solutions for African businesses. Founded in 2016, Nomba serves over 300,000 clients, facilitating $1 billion in monthly transactions. The funding will expand their offerings and improve operational efficiency.

Watu Holdings, a Kenyan buy-now-pay-later (BNPL) startup, reported a steep 84% decline in profit to $1.2 million (KES 157 million) for the year 2024, according to filings by Car & General, which owns a 29% stake in the company. The drop from $7.6 million (KES 985 million) in 2023 highlights

Press Release

ABU DHABI, United Arab Emirates, August 5, 2025/ — Shiga Digital, a rapidly growing blockchain-based fintech company, is transforming how African businesses access modern financial services. Today, the company announced the launch of its new Android and iOS apps, expanding access t

M-KOPA, a leading emerging market fintech, announced that it has surpassed 5 million customers across Kenya, Uganda, Nigeria, Ghana and South Africa.
Two million of these customers have come onboard in the past 15 months.
M-KOPA’s innovative model makes affordable smartphones embedded with