Africa's Tech Future, Today.
[[Title]] Flutterwave CEO Explains Why African Fintechs Are Seeking Banking Licences [[Excerpt]] African financial technology companies are increasingly acquiring microfinance and commercial banking licences to deepen customer relationships and secure direct settlement capabilities. According to Flutterwave chief executive Olugbenga Agboola, transitioning into licensed deposit-taking institutions
Cross-border payments in Africa need $120 million and a binding AU protocol to work, says an AfricaNenda study. Here is the plan and which blocs go first.
Meta's AI Academy Kenya pitchathon named 10 startups, from offline triage to Kiswahili AI and eTIMS tax tools. Two winners get $5,000 and an Istanbul pitch.
Financial advisory firm Bard Santner has secured a microfinance banking licence from the Reserve Bank of Zimbabwe, aiming to convert cross-border diaspora remittance inflows into long-term savings and credit products. The strategic shift seeks to capture non-resident financial flows and build formal banking relationships with Zimbabweans abroad.
BPE website backups holding database credentials sat in a public folder for days, a researcher says. What was exposed and what Nigeria's privatisation agency must do.
The NCC device checker now screens new phones before they join Nigerian networks. Here is how *315# works, who is exempt, and why importers carry the burden.
Cryptocurrency exchange Roqqu is preparing to tokenise shares listed on the Nigerian Exchange. By creating digital representations of real-world equity assets on blockchain infrastructure, the platform aims to enable fractional share ownership and expand retail investor participation across West Africa.
EFInA data reveals that formal financial inclusion in Nigeria has reached 73 per cent, with 87.2 million adults onboarded. However, formal credit access remains constrained, reaching only 12 million adults as high borrowing costs and strict underwriting requirements persist.
Ghana's digital services tax is now collected by banks at the point of payment. What the 20% covers, why GRA says it is not new, and what it means for startups.
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.
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.
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.
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