-
African Tech Titans vs. Red Tape: How Striking the Right Regulatory Balance Can Advance the Continent’s Economic Future
Africa has emerged as a pivotal player in the global tech marketplace, with a digital economy that’s projected to grow to $712 billion by 2050. Yet according to Seyi Ebenezer at Payaza Africa Ltd., this potential is threatened by regulatory frameworks that struggle to keep pace with the rapid evolution of technology. He explores how overly stringent regulation is impeding business and economic growth in the region, and how regulators can foster innovation while protecting consumers and other stakeholders.
- Categories
- Finance, Technology
-
Kanoo Highlights ‘Astronomical’ Local Growth Potential as Presence Expands Across West Africa and the Caribbean
Rees explains that Kanoo is looking for a partner for the continent of Africa for the Kanoo super app.
- Region
- Sub-Saharan Africa
-
Rwanda Mulls a Digital Currency in Two Years – Central Bank
The national digital currency, according to the National Bank of Rwanda (BNR), would offer Rwandans a safe, free, and easy alternative to physical cash.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
-
Orca Secures $550,000 in Pre-seed Funding to Combat Financial Fraud in Emerging Markets
Orca is an innovative South African startup dedicated to combating fraud in emerging markets.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
-
Paystack-Led Consortium Acquires Brass, Replaces CEO
The acquisition ends months of uncertainty over the future of Brass after delays in processing customer withdrawals began in October 2023.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, startups
-
Number of Digital Lenders Approved in Nigeria Reaches 284
The multiplicity of the apps being used by digital lenders is cited as one of the reasons the Commission is finding it difficult to curtail the incidences of harassment and defaming of borrowers by digital lenders.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Techstars-Backed BlackCopper Set Out to Disrupt Lending, Now It Owes Investors ₦1 Billion
Despite its bright start and significant press coverage, BlackCopper soon faced an existential crisis: it could not recover over 60,000 loans disbursed to customers.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- digital finance, failure, fintech, lending, startups
-
South African Fintech Company Adumo Acquired by Lesaka in $85.9 Million Deal
Adumo is South Africa’s largest independent payments processor, assisting approximately 23,000 active merchants.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
Subscribe to Our 'Business in Global Development' Newsletter!
Our new weekly LinkedIn newsletter features NextBillion's latest original articles, along with curated news, jobs, bizdev opportunities and events from our recent coverage of impact-focused business in emerging markets.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.