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M-KOPA Posts First Ever Profit, Bets on E-Mobility for Next Growth Phase
The Nairobi-based fintech swung to a US$9.2 million profit in 2024 from a US$20.6 million loss the previous year, according to audited results seen by The Kenyan Wall Street.
- Categories
- Finance, Technology, Transportation
- Region
- Sub-Saharan Africa
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Lisk’s $15 Million Fund Wants to Find WEB3 Unicorns in Emerging Markets
Their ticket sizes start at $250,000 for a first cheque. About 30% of the capital is reserved for follow-on rounds, with second cheques of up to $500,000. The maximum exposure per startup is capped at $750,000.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Ghana Brings in Trust Stamp to Build Tokenized Digital ID Infrastructure
The tokenized ID services will be provided to the NIA, other government ministries and agencies, as well as the private sector, with the National Identification Registry (NIR) used as the foundation.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Bangladesh Bank to Launch Instant Payment Platform with Gates Foundation Support
If successful, the initiative could be a turning point for Bangladesh’s financial sector - reducing costs, improving transparency, etc.
- Categories
- Finance
- Region
- Asia Pacific
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Airtel Targets Network Expansion, Mobile Money in Safaricom Battle
Kenya’s second-largest telecoms company grew faster than its larger rival in the first four months of this year, but wants to ramp that pace up.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Orange Money and JUMO Partner to Offer Small Loans Across Africa
Orange Money Group and banking-as-a-service financial provider JUMO have partnered to enhance digital financial services across Africa through a new small loan function.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Digital Finance Fuels Record Savings Growth in Developing Nations: World Bank
In 2024, formal saving in developing economies hit a decade high, driven by mobile and digital finance, with 40 percent using financial institutions.
- Categories
- Finance, Technology
- Region
- Global
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M-KOPA-Branded Smartphones Surpass 1 Million Sales in First Year in Kenya
Leading fintech company M-KOPA has achieved a remarkable milestone, surpassing 1 million sales of its branded smartphones within just 12 months of launch.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa