South African fraud prevention startup - Orca - raises $550K to tackle cybercrime surge
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As cyber threats escalate across the African continent, a Cape Town-based startup has raised fresh funding to equip financial institutions with advanced…
CcHub launches "Let's Build, Africa!" program to support African startups entering new markets
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In celebration of Africa Day, the Co-creation Hub (CcHub) has announced the launch of its “Let’s Build, Africa!” program, designed to assist…
Paystack leads acquisition of struggling fintech startup, Brass
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Nigeria’s fintech company and payment giant, Paystack, has led an investment consortium to acquire the struggling startup, Brass, for an undisclosed sum….
Africa needs to double spending to $6b to bridge digital divide: IFC
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Africa must significantly ramp up investments in digital infrastructure if it hopes to connect more people and businesses to the internet, according…
Kenyan e-commerce startup - Copia Global - faces shutdown, mass job losses loom
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Kenya’s tech ecosystem took a hit as e-commerce platform, Copia Global, is hovers on the brink of collapse after failing to secure…
Flutterwave suffers another major security breach, loses billions
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Nigerian fintech unicorn, Flutterwave, has suffered yet another devastating security breach, with unknown perpetrators illegally diverting billions of naira into unauthorized accounts…
Nigeria to open Startup House in San Francisco Tech Hub
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The Nigerian government is making a bold move to establish a stronger presence in the global technology scene. The Federal Executive Council…
Bamboo launches Nigerian stocks on its platform
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Leading digital brokerage – Bamboo – has launched Nigerian stocks on its investment platform. The introduction allows Bamboo’s predominantly youthful user base…
Jumia trims losses as cost-cutting efforts bear fruit
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Every company is enthusiastic about financial growth, and this is a moment of thrill for Africa’s e-commerce giant Jumia, as the company…