BitKE

In a groundbreaking move poised to redefine Nigeria’s foreign exchange dynamics, President Bola Tinubu’s administration has unveiled the ‘Naira for Crude’ initiative.
This new policy allows local refineries to purchase crude oil using either the Naira or the U.S. dollar, a shift expected to ease th

Peach Payments, a fintech startup from South Africa, has secured $31 million in Series A funding led by Apis Partners, with the aim of accelerating its expansion across the African continent and enhancing its range of products and services.
Established in 2012 in Cape Town, South Africa, Peach Paym

Ethio Telecom plans to sell 10% of its shares at 300 Birr each starting October 16, 2024, as part of Ethiopia's first stock market launch. The sale is aimed at attracting private investments and expanding ownership in the state-owned enterprise.

Crypto.com is expanding its services to Kenyan users with a user-friendly app supporting over 45 cryptocurrencies, MCO visa cards, and various earning opportunities. The platform aims to increase cryptocurrency accessibility globally, offering promotions and community engagement in Kenya.

أبلغت إثيو تيليكوم عن زيادة بنسبة 8.9% في عدد المشتركين، ليصل إلى 78.3 مليون، وارتفاع في الإيرادات بنسبة 21.7% في عام 2023/2024، ليصل إلى 93.7 مليار برّ. وسعت الشركة شبكاتها 4G و 5G بينما شهدت TeleBirr نموًا كبيرًا في معاملات الأموال عبر الهاتف المحمول.

Nigerian blockchain startup Zone has raised $8.5 million in its first funding round to enhance its payment processing technology for banks and fintechs. With over 15 clients, including major banks, Zone aims to expand its network and explore new use cases.

LemFi, a UK-based digital banking platform for immigrants, has received approval from the Central Bank of Kenya to provide remittance services. With no transfer fees and support for multiple currencies, it aims to facilitate fast money transfers for Kenyans abroad.

Conflux Network is recognized by KPMG as a top startup with unicorn potential. Noted for its permissionless blockchain in China, it fosters Web3 connectivity. Its ecosystem is expanding globally, particularly in Africa, with community initiatives and partnerships enhancing its growth.

Ripple has partnered with Onafriq to create new payment channels connecting 27 African nations with Australia, the UK, and the GCC, enhancing cross-border payments through blockchain technology.