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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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Crypto.com Launches in Kenya and is Giving Users a Chance to Win $500 Worth of Crypto
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.
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里程碑 | 自2021年推出以来,TeleBirr交易总额已超过$44 十亿,埃塞俄比亚顶级电信公司表示
Ethio Telecom报告2023/2024年度用户增长8.9%,达到7830万,收入增长21.7%,达937亿比尔。公司扩大了其4G和5G网络,而TeleBirr的移动支付交易也实现了显著增长。
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FUNDING | Nigerian Blockchain Startup, Zone, Raises $8.5 Million, Aims to Expand Use Cases and Technology
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.
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REGULATION | LemFi Granted Legal Approval to Offer Remittance Services in Kenya – Boasts Zero Transfer Fees
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.
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A Look at the Conflux Network Impact in Africa
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.
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PARTNERSHIP | South African Fintech, Onafriq (Formerly MFS Africa), to Leverage Ripple Blockchain Across Africa via 3 Fintech Partners
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.
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Central Bank of Nigeria Looking to Make eNaira Amendments to Boost Adoption and Wallet Activity
The Acting Governor of Nigeria's Central Bank announced plans to enhance eNaira adoption through new features like NFC support and improved programmability. Despite reaching 13 million eWallets since its 2021 launch, usage remains low, with the IMF urging better integration with mobile money systems to boost efficiency and attract investment.
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