Wise South Africa Licence Is Final. What the SARB Approval Allows
The SARB has formally appointed Wise as a Category Two forex dealer. What the Wise South Africa licence allows, what it leaves open and why it matters.
Articles
Airtel Money Global Pay Card Heads to Kenya to Take On M-Pesa GlobalPay
The Airtel Money Global Pay Card, a Mastercard virtual card, is coming to Kenya. Here is how it compares with M-Pesa GlobalPay and what users should watch for.
MAX Extends Its Series B3 to $29 Million as US Climate Fintech Nithio Joins
Nithio's investment takes the MAX Series B3 round to $29 million. The Nigerian EV financing firm says it is now profitable in its largest market, Nigeria.
Onafriq Shuts Baxi Agent Banking in Nigeria After Five Years
Onafriq is winding down Baxi, its Nigerian agent banking unit, citing naira weakness, inflation and instant transfers. Agents have 30 days to move funds.
Kenyan Space Startup Satlyt Raises $8M to Run AI on Satellites
Satlyt, led by founder and CEO Rama Afullo, raised an $8M seed round led by non sibi ventures to run AI apps on satellite computers already in orbit.
Paystack Six Years After Stripe: Lending, a Bank Licence and The Stack Group
Paystack six years after Stripe is no longer just a payment gateway. It now has a microfinance bank, a lending plan and a new parent called The Stack Group.
Nigeria’s identity agency says its database is locally hosted and managed by staff
The National Identity Management Commission has reaffirmed that Nigeria's national identity database is hosted locally within the country and managed entirely by internal staff. As the agency scales enrolment toward a 95 per cent national coverage target, it is implementing local data hosting and user consent management tools across its identity authentication services.
OnePlus 16 vs RedMagic 12 Pro+: Which gaming phone should you buy?
Comparing the OnePlus 16 and the RedMagic 12 Pro+ highlights two distinct approaches to mobile gaming hardware. Powered by Qualcomm's Snapdragon 8 Elite Extreme Gen 6 processor, both smartphones target high-performance gaming, with OnePlus prioritising versatile photography and RedMagic focusing on active fan cooling.
Kenya’s fintech reforms promise clarity but could delay investment
Proposed amendments to Kenya's payment system regulations seek to give the Central Bank direct oversight over significant equity investments in payment firms. While the reforms aim to enhance market stability and compliance, required regulatory approvals could lengthen fundraising cycles for growing startups.
No screens, no server farms: Inside Alchymia’s holographic pocket computer
Alchymia is reimagining artificial intelligence architecture to run frontier models locally without massive server farms or screens. Founded by Ayomide Daniels, the startup has developed the Alchymia Bar, a screenless pocket-sized device designed for resource-constrained markets across Africa and Asia.
Kaspersky’s African business is profitable. Now it wants bigger clients.
Global cybersecurity firm Kaspersky is expanding its enterprise footprint across Africa following a decade of profitable growth. The company is targeting large-scale institutional contracts across banking, central government, and critical national infrastructure.
Malatsi wants South Africa’s AI policy back on track after false start
South Africa's Minister of Communications and Digital Technologies, Solly Malatsi, is working to rebuild the nation's national artificial intelligence policy framework. After withdrawing an earlier draft due to fabricated academic citations generated by AI, the ministry has instituted disciplinary proceedings and appointed an expert advisory panel to produce a verified policy.