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Nigeria-Born Banking Startups Target Emerging Market Gig Workers
The startups are not banks in themselves, but partnerships with lenders licensed by central banks make them de facto digital banks.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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£3.5 Million CEPREC Centre Launched to Tackle Africa’s Energy Challenges
The initiative is a collaboration among over 30 stakeholders from government, industry, and academia across the United Kingdom and sub-Saharan Africa.
- Categories
- Energy, Technology, WASH
- Region
- Sub-Saharan Africa
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Meta Lays Off 3,600 Staff, Impacting Nigeria, Africa
While the company frames these terminations as part of routine restructuring, affected employees in Nigeria, Africa, and beyond now face an uncertain job market amid the tech industry’s ongoing transformation.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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M-PESA Safaricom, Dashen Bank & CashGo Partner to Enhance Remittances in Ethiopia
M-PESA, Dashen Bank, and CashGo launch a seamless international remittance service, enabling Ethiopians to receive money instantly into mobile wallets.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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IBM Exits Nigeria and Key African Markets, Transfers Operations to MIBB
Although IBM’s departure from West Africa marks the end of its direct operations in the region, the long-term impact on local businesses and government partnerships remains uncertain.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
- Tags
- innovation, partnerships
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Safaricom Ethiopia’s M-PESA Revenue Dips Despite 245% Jump in Registrations
Safaricom launched M-PESA in Ethiopia in August 2023 with Kenya extending its M-PESA Global service to the country to facilitate cross-border money transfers.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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African Investors Are Plowing More Funds Into Climate Tech
About a third of the investment into African startups went to those driving climate tech solutions in each of the last two years, according to Africa: The Big Deal’s data.
- Categories
- Agriculture, Energy, Technology
- Region
- Sub-Saharan Africa
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USAID Watchdog Warns of Lack of Oversight of $8.2 Billion in Unspent Aid After Trump Moves
USAID has lost almost all ability to track $8.2 billion in unspent humanitarian aid over the Trump administration’s foreign funding freeze and idling of staff, a government watchdog warned Monday.
- Categories
- Agriculture, Education, Energy, Environment, Finance, Health Care, Investing, Social Enterprise, Technology, Telecommunications, WASH
- Region
- Global
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