Africa's Tech Future, Today.
Moniepoint UK Limited generated $36,284 in revenue for 2025 following the migration of customers from its diaspora remittance product, MonieWorld. The figure reflects one month of activity as the group reassesses its UK market footprint amidst rising competition and operational expenses.
Former banker Watson Matsa founded eSusFarm Africa to bridge the gap between traditional banking frameworks and smallholder agriculture. By leveraging soil, weather, and crop data, the platform creates dynamic risk management tools designed around seasonal earnings rather than rigid monthly schedules.
Pan-African payments company pawaPay has received a Payment Service Provider licence from the Bank of Mozambique, letting it sign up merchants directly and connect them to the country's mobile money networks.
Airtel Money priced its London IPO at 196p a share, valuing the African mobile money business at about £5.3bn ($7bn). Full trading opens today after a soft start in conditional dealings.
After eight years running Ethiopia's dominant telecom operator, Frehiwot Tamru moves into government as Minister of Innovation and Technology. Her move raises questions for both the ministry and Ethio Telecom.
Financial technology startup Chimoney has been acquired by CapitalSage Vantage Limited, five months after announcing its closure due to capital depletion. The acquisition revives the cross-border payment platform, settles outstanding obligations, and secures a regulated pathway for international expansion.
Six years after launching vehicle financing for ride-hailing drivers in Lagos, mobility fintech Moove is exiting the Nigerian market. The company is handing over eligible vehicles valued at ₦35 billion to current operators, ending vehicle payment obligations as it shifts focus toward international markets and autonomous robotaxi fleets.
Oluwatomi Ayorinde and Chizaram Ucheaga launched Timon to solve the payment barriers faced by African travellers. By offering multi-currency travel cards, the startup has processed over $47 million across 16 African markets.
A national salary study reveals that 46 out of every 100 Nigerian workers earn below ₦200,000 ($150) per month. The data highlights systemic wage pressures, currency inflation impacts, and income disparities across the formal and informal workforce.
Across Africa, approximately 906 million people live within reach of mobile broadband networks but remain offline. The persistent digital divide has shifted from physical network coverage to barriers surrounding device affordability, digital skills, electricity reliability, and transaction trust.
The Central Bank of Kenya is seeking enhanced regulatory authority to intervene in and directly manage troubled financial technology companies. The proposed legislative changes aim to protect consumer funds and preserve systemic stability across the digital financial services sector.
Airtel Money has set its initial public offering price at 1.96 pounds per share, securing an estimated market capitalization of 5.3 billion pounds, or approximately 7 billion dollars. The listing involves existing shareholders offering 270 million shares on the London Stock Exchange, establishing a major benchmark for African mobile payments.
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