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SA mobility startup WhereIsMyTransport is shutting down after failing to raise new funding. South African mobility startup WhereIsMyTransport is shutting down, citing an inability to raise new funding. Founded in 2016 Devin De Fries, the…
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In an effort to provide clarity and assistance to clients, the South African Social Security Agency (SASSA) has released the updated payment dates for October 2023 for those approved for the R350 SRD SASSA payment.…
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Written by Stephen Agwaibor In the keynote address on the second day of the Nigerian Fintech Week, the message was clear: despite challenges, failure is a “learning opportunity” in the fintech sector. The keynote speaker,…
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Botswana is the largest diamond producer in the world. But with global advancement in innovation, President Masisi has called on diamond-producing nations to invest in technology to ensure the sustainability of the industry. The President…
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Fintech Vella is stopping all crypto-based operations to be able to support small and medium enterprises. Vella Finance is dropping its crypto-based offerings to focus on SME banking. In an email to users and subscribers…
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Fidelity Bank, a Nigerian commercial bank, has blocked neobanks like OPay, Palmpay, Kuda, and Moniepoint over concerns that their lax KYC processes are leading to increased fraud cases. Nigerian commercial bank Fidelity Bank is restricting…
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Written by Stephen Agwaibor The sixth edition of the Nigerian Fintech Week took off in style at the Landmark Centre in Lagos. The three-day event billed for October 24–26, 2023, is themed “Fintech: Resilience, Innovation…
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On the first day of the Digital Nigeria Conference organised by NITDA, a focus on how emerging technologies could propel Nigeria was the main theme, as speakers and panelists discussed how Nigeria could propel itself…
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SA VC investors made $17 million from exits in 2022, a 3x return. However, loss-making deals still outnumbered the return-making ones. According to the 2023 Southern Africa Venture Capital Association (SAVCA) survey, exits in the…
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Image source: Africa business pages In Africa where physical infrastructure challenges hinder traditional retail, e-commerce has emerged as a powerful driver of economic development. Online marketplaces, from global giants to local startups, are expanding rapidly…
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Capital Film Productions, a film financing firm co-founded by a former tech professional, has launched a new fund to invest in Nollywood movies. Capital Film Productions, a film financing firm founded by Adim Isiakpona, a…
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Patricia has engaged the services of DLM Trust, an SEC-licensed trust company to handle the disbursement of repayments to customers. DLM Trust, a trust company licensed by Nigeria’s Securities and Exchange Commission (SEC), will handle…
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