Fintech

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4G Capital and Citi Collaborate To Strengthen Financial Inclusion In Kenya

Oct. 19, 2020, 4:22 p.m.

4G CAPITAL GROUP Limited , a market leader in technology-driven financial inclusion, Citi, U.S. International Development Finance Corporation (“DFC”) and the Ford Foundation have collaborated to expand financial inclusion through the provision of working capital to support the growth of micro-enterprises in Kenya.

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Stripe Acquires Paystack In Deal Reportedly Worth Over $200 Million

Oct. 16, 2020, 3:18 p.m.

The USA based payment processing giant, Stripe, has acquired a leading Nigerian fintech startup, Paystack, in what has been described as the biggest Mergers and Acquisitions (M&A) deal in Nigerian tech and Stripe’s biggest acquisition anywhere around the world.

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African Development Bank & Africa Energy Forum Launch “African Utility of the Future” Competition With $5,000 Prize

Oct. 12, 2020, 3:59 p.m.

The African Development Bank (AfDB) and EnergyNet, organisers of the Africa Energy Forum (AEF) (Africa-Energy-Forum.com), have created the ‘African Utility of Future’ competition enabling teams to compete for a USD $5,000 prize.

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Nigeria: ImaliPay Launches Financial Products For Gig Economy Workers

Oct. 7, 2020, 4:10 p.m.

Nigerian startup ImaliPay has launched its platform, which leverages artificial intelligence (AI) and big data to offer tailored financial products that promote the inclusion of gig economy platforms and workers across Africa.

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Ghana: Fidelity Bank Unveils Kukua, A WhatsApp Banking Assistant

Oct. 7, 2020, 10:40 a.m.

To ensure that customers to conduct personalized online transactions from any location, Fidelity Bank Ghana Limited has introduced Kukua, its WhatsApp Banking Assistant.

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Jumia Partners With Airtel Kenya To Allow Users Make Mobile Payments

Oct. 5, 2020, 5:12 p.m.

Africa’s e-commerce platform, Jumia, has partnered with Airtel Kenya to enable users to create their online payment transactions using Airtel Money. The service is part of Jumia’s contactless-delivery initiative, introduced in March as a safety measure against COVID-19. Thus, users are encouraged to prepay for their purchases to avoid the exchange of physical cash.

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