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Alsoug Raises $5 Million in First Foreign Funding Into Sudanese Tech in 30 Years
While an African country like Nigeria has recorded close to 50 investment deals this year alone, this investment round marks the first foreign venture capital investment into the Sudanese tech ecosystem.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Mastercard partners with Digital PayGo to drive secure payments for SMEs in Zambia
Mastercard has partnered with Zambian-based fintech company, Digital PayGo, to launch a new merchant mobile payments solution, which will enable Small and Medium Enterprises to safely make and receive digital payments through various online channels.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Digital Finance for Climate Resilience: An Urgent Opportunity for Startups and Stakeholders in Emerging Markets
The consequences of climate change are no longer hypothetical scenarios or predictions – they are a global reality, and they’re getting worse, especially for the poor and vulnerable. But according to Malika Anand at BFA Global's Catalyst Fund, this crisis presents an opportunity for digital finance to power greater climate resilience. She explores several types of climate resilience solutions, and shares a framework to help both digital finance and climate stakeholders begin allocating more resources toward these solutions in emerging markets.
- Categories
- Environment, Finance
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Nigeria’s War on Tech
In a nation struggling with widespread unemployment and poverty, Nigeria’s rapidly expanding tech industry is one of the few beacons of hope for upward mobility, especially amongst the youth.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, mobility, startups, tech, technology
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Backed by Greycroft, Klasha Gets $2.4 Million To Improve Cross-border Commerce in Africa
Klasha, a Lagos and San Francisco-based startup, sees a niche in cross-border commerce and provides multiple integrations and APIs to facilitate transactions in that space.
- Categories
- Entrepreneurship, Finance, Technology
- Region
- Sub-Saharan Africa
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Made in Africa, Sold Around the World: An African E-Commerce Innovator Connects Women Creators with Global Customers
Sub-Saharan Africa is currently one of the world’s smallest e-commerce regions, but as Moulaye Taboure at Afrikrea points out, it has seen 42% year-on-year growth from 2019-2020, and its leading markets are starting to mature, providing a foundation for continued growth. He explores how several factors are aligning to support the e-commerce industry’s continued momentum in Africa, and discusses Afrikrea's efforts to build a platform that enables local sellers – particularly women – to grow their businesses and sell their products worldwide.
- Categories
- Entrepreneurship, Technology
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Dopay Raises $18 Million Series A Round
Dopay, the innovative B2B2C payments platform serving 1.7bn unbanked workers in emerging markets, has closed a US$ 18 million Series A funding round.
- Categories
- Finance, Technology
- Region
- Global
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Analysis: Scepticism Grows in El Salvador Over Pioneering Bitcoin Gamble
El Salvador will be first to adopt cryptocurrency as legal tender next month – but economists are sounding warnings over risks.
- Categories
- Finance, Technology
- Region
- Latin America
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