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REGULATION | Ethio Telecom to Sell 10% to Public via TeleBirr Super App Ahead of the Ethiopian Stock Exchange Launch
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.
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Venom Foundation Announces Plans to Reach 500,000 Daily Transaction in 2025 with a Focus on South-East Asia, Africa, and Middle East
Venom Foundation, operator of one of the world’s most performant blockchain platforms, officially announces plans to reach 500,000 daily transactions by the end of 2025. This will enable Venom to join the elite group of blockchains alongside Polygon, Arbitrum, and Optimism, solidifying the platform’
VENOM-0,92%
ARB8,69%
OP12,21%
DEFI-2,58%
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NORTH AFRICA | Tunisian Fintech, My Easy Transfer, Secures Over $400,000 Funding Following Substantial Growth in Just One Year
Tunisian fintech startup My Easy Transfer has secured €400,000 in funding to expand its services for the diaspora, which includes money transfers, mobile top-ups, and bill payments. Established in 2022, it already serves over 10,000 customers and aims to become a payment Super App.
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FRANCOPHONE AFRICA | A Look at Niger’s MyNita, the Money Transfer App for the WAEMU Region
MyNITA is a money transfer app created in Niger to facilitate payments within the WAEMU region. It offers services like money transfers, agency searches, and bill payments. Compliant with BCEAO regulations, it allows users to manage transactions and find NITA agencies easily.
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South Africa’s Crypto Startup, CentBee, Raises $1 Million to Scale Cross-Border Bitcoin Remittances
Centbee, a blockchain payments company from South Africa and the UK, secured $1 million in pre-Series A funding to enhance Bitcoin accessibility. The startup has processed 35,000 remittance payments into Africa and operates apps available on major platforms.
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REGULATION | Nigeria Continues Crackdown Against Unlicensed Crypto Firms With Latest ~$15,000 Conviction
Nigeria's EFCC convicted Plip Global Ventures for unlawfully conducting USDT-to-Naira transactions without a banking license, resulting in a N25 million forfeiture. This ruling underscores the agency's crackdown on unlicensed crypto firms amid recent regulatory changes.
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Nigerians Criticize ‘Re-Designed’ Naira Bank Notes Saying it Was Just ‘a Color Change’
Many Nigerians are dissatisfied with the newly redesigned banknotes, perceiving them as merely a color change rather than a significant redesign. Critics doubt their effectiveness in addressing counterfeiting and economic issues.
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FINTECH AFRICA | Mukuru Launches Mobile Money Wallet in Malawi Prompted by Significant Growth in Mobile Money Usage
Mukuru has launched its Mukuru Wallet in Malawi, allowing users to send, receive, and save money with no fees for cashing out. The wallet targets underserved communities, supporting a growing demand for mobile financial services.
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LAUNCH | South African DeFi Startup, NeoNomad, Launches ZARCoin Stablecoin Pegged to the South African Rand (ZAR)
NeoNomad, a South African DeFi startup, launched ZARCoin (ZARC), a stablecoin pegged to the Rand, on July 11, 2024. It aims to enhance financial inclusion through low-cost transactions, targeting both the banked and unbanked populations, while challenging traditional banking models.
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SOL1,73%
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USE CASE | A Look at Akowe, a Nigerian EdTech Startup Revolutionizing Academic Certificate Issuance Using Blockchain
Akowe, a blockchain startup located in Lagos, Nigeria, is one of only 2 blockchains startup participants from Africa in the TechCrunch Disrupt’s 2023 Startup Battlefield 200.
Akowe has created a blockchain-based platform designed for the issuance of verifiable academic records with the aim of
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INTRODUCING | PAPSS to Launch African Currency Marketplace, an FX Market for African Currencies Without 3rd-Parties, in 2025
The Pan-African Payments and Settlement System (PAPSS) is set to introduce an African currency marketplace later in 2025, its CEO revealed in a recent interview.

Supported by 15 central banks and already connected with 150 commercial banks, PAPSS seeks to tackle persistent liquidity and currenc
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FUNDING | Ghanaian Fintech, ZeePay, Secures $18 Million Debt to Scale Cross-Border Payments – A TradFi Model for Crypto Remittances?
Ghana-based fintech, ZeePay, has secured $18 million in senior secured debt funding, aimed at scaling its digital payment infrastructure and meeting the liquidity demands of real-time remittance flows – drawing parallels with how crypto protocols manage liquidity and settlement.
Founded in 2014, Ze
XLM2,25%
DEFI-2,58%
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NORTH AFRICA | Egyptian Fintech, Qardy, Announces 7-Figure USD Investment to Support Expansion into MENA
Egyptian fintech Qardy has raised a 7-figure USD pre-seed investment, becoming the first digital lending marketplace in Egypt and the MENA region for MSMEs. With over 1,000 clients, Qardy facilitates significant loan transactions and plans to expand in KSA and beyond.
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