In the words of one Duolingo user, “Learning Mandarin is my way of turning a controversial moment into an opportunity to grow.”
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The Prosper Africa-Afreximbank partnership marks the beginning of a new era in U.S.-Africa relations. By focusing on trade, investment, and cultural collaboration, this MoU sets the stage for sustainable economic growth and innovation
The influx of American users on RedNote has created a fascinating dynamic. Americans are using RedNote to connect with Chinese creators, sharing their own trends while learning about Chinese traditions and lifestyle.
LemFi’s growth attracted a Series B round led by Highland Europe, closing in just four months and bringing its total funding to $85 million
This change means Nigerian businesses can now pay for AWS services directly in Naira, eliminating the need to transact in foreign currencies such as the U.S. Dollar or Euro.
The USSD service, a crucial payment gateway for financial transactions in Nigeria, has seen a surge in use since its introduction. From mobile banking to bill payments, USSD has become an indispensable tool, especially for those in rural areas without access to smartphones or internet banking.
Mastercard has taken a significant step in expanding its operations across West Africa by opening its first office in Accra, Ghana. This move signals the company’s deep commitment to supporting Ghana’s growing digital economy and fostering financial inclusion in the region. With innovative financial products and services tailored to local needs, Mastercard aims to play…
2024 was a defining year for Africa’s fintech sector, as it solidified its position as the darling of investors, drawing in over $1 billion in funding. This remarkable achievement not only marked a 47 percent share of total startup funding but also showcased the sector’s resilience and potential for growth. Let’s take a deep dive…
The cyberattack was orchestrated by a group identified as Hunters International, known for targeting infrastructure sectors. They infiltrated Telecom Namibia’s systems, extracting approximately 500,000 records containing personal and financial details
Africa’s infrastructure deficit remains a formidable challenge, with the African Development Bank (AfDB) estimating annual needs of $130-$170 billion and a funding shortfall of up to $100 billion. The World Bank underscores the urgency, noting that Sub-Saharan Africa needs to invest 7.1% of its GDP annually to meet sustainable development goals. However, current investments linger…
