Author: Akin Naphtal

Mauritius-based fintech startup Finclusion Group has secured funding from the Cairo Angels Syndicate Fund (CASF), a micro venture capital fund that invests in early-stage startups in the Middle East and Africa. Finclusion Group is an Africa-focused fintech platform building out a full neobank offering for its users. The company provides earned wage access, BNPL and direct credit services to its clients with a presence in South Africa, Eswatini, Namibia, Kenya and Tanzania. Last year, Finclusion Group recently secured US$20 million in a funding round with leading fintech debt financing provider Lendable, and itself invested in South African payroll software startup…

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has said that e-commerce platforms and fintech in Nigeria would benefit immensely from 5G technology once deployed. According to him, Small and Medium Enterprises (SMEs), especially fintech and e-commerce firms, are currently expanding the digital ecosystem in Nigeria by riding on telecoms infrastructure, which is being improved upon through the deployment of new technologies. The NCC boss notes that ongoing efforts to deepen broadband penetration and the planned deployment of 5G will further boost the services of digital SMEs. What the EVC is saying Speaking at a…

The Vice President, Dr. Mahamudu Bawumia has underscored the importance of digital leadership to the success of organisations and transformation of economies in the 21st century. Addressing leaders and captains of industries at the 6th Ghana CEO’s Summit in Accra on Monday, Dr. Bawumia stressed that digital leadership in the 21st century is crucial in order to ensure organisational success, and ultimately, make greater contributions towards the digital economic transformation agenda of the government. He, therefore, urged captains of industries to provide effective and unwavering digital leadership in their various organisations. “Effective leadership has always been considered as a key…

The Minister for Communications and Digitalisation, Mrs Ursula Owusu-Ekuful has said the government is poised to use ICT to transform the newly created regions. Speaking at the 3rd Girls in ICT event held at Akyerensua in the Ahafo Region, Mrs Owusu-Ekuful hinted at a monitoring mechanism employed by her ministry to ensure the tools given and the knowledge impacted are utilised for the intended purpose. “We are focusing on the new regions so as not to leave anyone behind. We shall follow up to ensure the skills acquired are put to good use” she said. Under the theme; of Access…

A 12-year-old Juliet Delali, a pupil from the Sankore D/A JHS emerged the winner at the just ended Girls in ICT event in the Ahafo region. She received a cash price of 3000gh, a plaque and the establishment of an ultra-modern ICT laboratory centre in her school. Minister for Communications and Digitalisation, Mrs. Ursula Owusu-Ekuful after presenting her with the prize urged her to take up an interest in the ICT space and practice whatever she has learnt throughout the programme. The Minister also defended the decision to do the programme for only girls and called for more support to…

Africa Digital Economy Forum (ADEF), a non-profit initiative aimed at the realization of full digitization of Africa’s economies is set to host the June edition of its monthly “ADEF series” to discuss the role of investment opportunities in building and promoting a sustainable African digital economy agenda for an assured future. The webinar event has been scheduled to host via zoom on Wednesday, June 8 between 10:00 AM to 12:00 PM. ADEF was launched in the first quarter of 2021 for technology and service providers focusing on the transformative powers of Africa’s steadily growing and booming digital economy. Themed, “Investing…

Secretary General of the International Telecommunication Union (ITU) Mr Houlin Zhao has called on Nigeria’s Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami) to use his good offices as Chairman of the World Summit on the Information Society(WSIS) to encourage the participation of other relevant sectors like education and agriculture, in the WIS process. This will enable the engagement of the global agriculture sector in the use of technologies to enhance food production and the use of emerging technologies to enhance education, among others. Mr Zhao made the call today Monday, 30th May 2022 during a meeting…

Moroccan logistics and digital freight startup CloudFret has raised US$1 million in funding to help it expand further in African and European markets. Founded by Driss Jabar in 2021, CloudFret is a transport and logistics company that connects truck loaders and carriers. The platform uses artificial intelligence technology to detect empty cargo vehicles travelling between Europe and Africa, and connects them with goods needing transporting. The US$1 million in funding came from Plug and Play, PRC Ventures ICAV, Azur Innovation Fund, AfriMobi, and business angel Khalid Zitouni, and will be used to help CloudFret expand further in European and African…

Nigerian digital banking startup Grey has announced the expansion of its service to East Africa, starting with Kenya, in partnership with fintech company Cellulant. Launched in 2021 by Idorenyin Obong and Femi Aghedo, who wanted to help Nigerians easily exchange to local currency and access the foreign currencies in their accounts, Grey offers an international money transfer service that enables its users to send and receive international payments without restrictions quickly. Its products include foreign bank accounts, instant currency exchange, and international money transfers. In partnership with Cellulant, which is the company’s payments processor, the Y Combinator-backed fintech startup has…

Interswitch, an African payments company, has received a $110 million investment from LeapFrog Investments and Tana Africa Capital to help it expand its digital payment services across Africa. Interswitch, with a market capitalization of $1 billion, is one of Africa’s most valuable electronic payment companies. Among the fintech’s most notable products are its POS terminals, and online consumer payment systems like Quickteller and Verve, which have issued more than 35 million active cards since its inception in 2013. “We are thrilled to bring LeapFrog and Tana on board, as we continue our work to promote the future of the African…