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AFRICAN NEWS

Flutterwave Denies Claims of Additional Data Breaches Despite Allegations from Multiple Sources

Tech news outlet TechCabal has reported that Nigerian payments startup Flutterwave may have experienced a second and third data breach, citing claims from three sources. The possible breaches are believed...
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Access Bank Nigeria and MFS Africa Partner to Expand Cross-Border Payments in Africa”

MFS Africa, the largest digital payments network in Africa, has partnered with Access Bank, Nigeria’s largest bank, to enable real-time and cost-effective cross-border payments. The partnership aims to facilitate financial...
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Nigerian banks have no exposure to Silicon Valley Bank- CBN

The Governor of Nigeria’s Central Bank, Godwin Emefiele says that no financial institution in Nigeria has exposure to the now collapsed bank, Silicon Valley Bank.   Emefiele stated this while...
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Flutterwave Secures Two Licenses In Kenya

African-based FinTech firm, Flutterwave has secured an Electronic Money Issuer & Remittance license from Kenya.   According to the firm, the new Electronic Money Issuer license allows the company to...
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Stakeholders hopeful of mass adoption of crypto in Africa due to stablecoins, Bitcoin

Africa holds the potential to soar the popularity of cryptocurrencies, stakeholders in the crypto ecosystem have said.   This they said will be aided by the popularity of Stablecoins and...
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Cross Switch Ghana Receives EPSP License

Ghana’s Apex bank, the Bank of Ghana has approved Cross Switch Ghana LTD to operate as an Enhanced Payment Service Provider (EPSP).   Cross Switch Ghana allows local and international...
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Revolutionize Trust on the Web & Build Your Digital Reputation with the UTU Trust Browser Extension!!

UTU has launched a browser extension to let users easily endorse & review on-chain, any site, DApp and soon any unique identifiable assets on the web. The extension also allows...
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Crypto scams: Africans Lose Funds Through Giveaway Tricks

A new report by Blockchain Analytics firm, Chainalysis has revealed Africa as the least favorite choice destination for cryptocurrency scams. The report however revealed that investors in the region, particularly...
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Kenyan mobile payment service M-Pesa enters the remittance market

With a collaboration with e-commerce behemoth Amazon, Safaricom’s M-Pesa, a mobile money service in Kenya, is gaining ground in the remittance sector. As of September 2021, the service, which debuted...
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Hollydesk raises $1M in venture debt financing

Hollydesk, an Egyptian fintech firm, has raised $1 million in venture loan funding to develop its cost management platform for the nation’s small and medium-sized enterprises. The system provides a...
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