BitKE

Carry1st partners with AudioMack to enable African customers to buy music subscriptions using local payment options, expanding beyond gaming to include diverse digital content. The collaboration aims to enhance user experience and support local artists.

VISA opened its first innovation studio in Nairobi, Kenya, focused on advancing digital payments in Sub-Saharan Africa. The studio aims to develop tailored payment solutions and explore emerging technologies, supporting local businesses and partnerships.

Kenyans will soon use iris and fingerprint scans for a digital ID system, set to launch publicly in December 2023. This initiative follows controversy over WorldCoin's data practices and aims to streamline identification and access to government services.

Kenyan banks are advocating for an upgrade to the PesaLink system instead of a new fast payment system proposed by the Central Bank of Kenya. The current PesaLink has integration limitations, and banks seek to enhance it by involving more stakeholders for better functionality and faster implementations.

The Competition Authority of Kenya has approved Moniepoint Inc.'s acquisition of a 78% stake in Sumac Microfinance Bank, facilitating its entry into Kenya's financial sector. The deal, pending Central Bank approval, aims to enhance Moniepoint's regional presence and leverage Kenya's mobile payments market.

Jamie Dimon, CEO of JP Morgan Chase, believes Africa will significantly impact global finance in the next decade. He highlighted the bank's expansion into the continent, emphasizing the importance of on-ground operations and supporting American businesses in Africa and Latin America despite risks. Dimon also praised local innovations in fintech and healthcare.

80Eight, a dynamic public company based in Johannesburg, South Africa, is transforming the landscape for small and medium-sized enterprises (SMEs) across Africa by integrating cryptocurrency into their business operations. Established two years ago, 80Eight uses crypto not just as an investment

Chimoney, a payment solutions provider, has acquired the Nigerian app Scrim, enhancing its features for a relaunch in December 2023. The upgrade will enable users to send and receive money via social media, improving access to global payments.

Nigeria’s cryptocurrency platform Patricia allows clients to convert balances into company shares as part of its financial restructuring. The process aims to raise funds and ensure transparency, but customer dissatisfaction persists following past security breaches and suspended withdrawals.

Yassir, an Algerian digital marketplace startup, has raised $150 million in Series B funding, totaling $193.25 million since its launch. The app, popular in North Africa, offers ride-hailing, food delivery, and financial services, and aims for expansion across Africa and globally.