• BNPL startup Lipa Later raises US$12 million

    After obtaining US$12 million in pre-Series A funding, Lipa Later, a Kenyan tech-led consumer lending network, plans to expand to other countries in Africa. Cauris Finance, Lateral Frontiers VC (one of Lipa Later's early investors), and…
  • Tizeti boosts Oyo State with high-speed 4G LTE

    Tizeti, West Africa's pioneer solar-based internet service provider, is launching its 4G LTE network in Oyo State, South-West Nigeria, with an introductory offer of two thousand, two hundred and twenty-two Naira (N2,222 or $5) for…
  • New venture capital fund for clean-tech companies in Africa

    Energy Access Ventures (EAV) and Lion's Head Global Partners will collaborate on a second Africa-focused venture capital fund that will invest in clean-tech, new generation climate (resource) efficient enterprises, and associated B2B and B2C firms. Energy…
  • StanChart to close 50% of branches in Nigeria

    According to persons familiar with the situation, Standard Chartered Plc is liquidating approximately half of its Nigerian branches in a move to digital banking as the finance industry faces competition from mobile money providers. According to…
  • Huawei invests in data centres in Africa

    Huawei, the Chinese telecoms giant, is aiming to collaborate with African countries to establish data centres. Senegal recently inaugurated its newest data centre. "We contribute to the creation of data centres and the training of human…