The African Development Bank  and Invest in Africa have jointly launched the MicroGREEN project to provide livelihood opportunities for marginalized and vulnerable groups in Ghana and Senegal. Titled “Strengthening Women, Youth and People with Disabilities’ Micro Entrepreneurship for Green Jobs in Natural Resources , the project seeks to generate up to 500 green job opportunities while ..read more

Africa’s Business Heroes (ABH) Prize Competition, a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, hosted 40 participants—consisting of top 10 Heroes, other finalists and partners from across Africa in China. Africa’s Business Heroes (ABH) is aimed to showcase and grow local talent who are creating positive impact in their communities and beyond ..read more

Cloud-based eSIM specialist Workz has introduced its latest remote device management solution tailored for the Internet of Things (IoT) sector. This innovative platform aims to overcome the limitations typically associated with conventional technologies, such as restricted network options and cumbersome deployment processes. Built on the upcoming eSIM standard for IoT set by the GSMA, known ..read more

South African fintech startup Moya Money, established in 2021, has undergone a rebranding and will now be known as Bloo Money, effective May 2024. In a recent statement, the company explained that the decision to rebrand reflects its ongoing evolution since updating its branding assets earlier this year. The name change aims to set the ..read more

UAE-based online classifieds platform Dubizzle Group has acquired Drive Arabia, a UAE-based automotive focused media and reviews platform, in an undisclosed deal value. Founded in 2005 by J.C. Butler and Sim Whatley, Dubizzle is an online platform that enables individuals to sell, buy, or find products in their cities, while Drive Arabia is an automotive ..read more

  40 start-ups graduate from the Youth Startup Academy Uganda (YSAU) during the SWARM Summit in Uganda on 25 and 26 April 2024 in Kampala. The SWARM Summit, themed “The Future is Now: Emerging Trends Shaping Startup Ecosystems”, highlighted Uganda’s young and innovative minds and aimed to foster innovation, collaboration, and growth in Uganda’s start-up community.  The ..read more

bluworks, an Egypt-based startup developing blue-collar HRTech SaaS solutions, has raised a $1 million pre-Seed investment round, led by Saudi venture capital firm Khawarizmi Ventures,with participation from Camel Ventures, Acasia Ventures, and a pool of angel investors. Founded in 2022 by Farah Osman, Hussein Wahdan, and Nour Ahmadein, bluworks is an HRTech SaaS platform focused on ..read more

The Central Bank of Nigeria has banned OPay, Palmpay, Kuda Bank, and Moniepoint  from onboarding  new customers  following  allegations of accounts being used for illicit foreign exchange transactions The  ban is  aimed at preventing  manipulation of funds  through virtual cryptocurrency exchanges and preserve proceeds of unlawful activities. The investigation is intended to be done within 90 days. According to a ..read more

Peach Cars, a Kenyan used car market player, has joined forces with Umba Microfinance Bank to introduce a groundbreaking 24-hour car financing option for customers to make car ownership more accessible and convenient. Improving Access to Hassle-Free Financing The partnership between Peach Cars and Umba Microfinance Bank aims to empower car buyers by offering swift ..read more

In the current digital age, convenience and accessibility have revolutionized banking, making services like mobile and Internet banking an integral part of our daily lives.Equity Bank Kenya, for instance, has been at the forefront of this transformation, offering customers the ease of managing their finances at their fingertips. However, the risk of fraudlooms alongside these ..read more