Nigerian fintech, Kredete, has launched Africa’s first stablecoin-backed credit card. Built in partnership with Visa, Stellar, and Rain, the card gives users across 41+ African countries a simple, secure way to spend stable digital assets, both online and offline, across more than 100+ countries. Kredete’s new offering combines U.S. dollar-backed stablecoins, real-time blockchain settlement, and a globally accepted Visa card into one unified experience. Linked directly to a user’s digital wallet, the card enables near-instant settlement in USDC with real-time FX conversion at the point of purchase. Whether it’s a freelancer in Nairobi buying software, a family in Accra paying…
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Fincra has secured a Payment Provider license in South Africa, in collaboration with Nedbank. This milestone strengthens its presence in Southern Africa and brings it closer to realising its mission of building the rails for an integrated Africa. With this license, Fincra is authorised to process: What The Payment Provider License in South Africa Means for Businesses This reinforces Fincra’s ability to facilitate seamless, secure, and compliant financial transactions for businesses operating within and across South Africa. It’s a pivotal step in the company’s mission to build the financial rails for an integrated Africa, one where businesses can move money…
Ookla and the National Telecom Regulatory Authority (NTRA) organised the Telecommunications Regulatory Summit – Middle East & Africa in Cairo, Egypt, under the theme ‘Harnessing Data and Technology for Superior QoS: Strategies for Measuring and Optimising Network Performance’. The event aimed to discuss strategies for collecting, using and sharing crowdsourced data to promote transparency, track policy impacts, and make informed investment decisions. The summit convened regulators from the Middle East and Africa, along with representatives from the International Telecommunication Union (ITU), the World Broadband Association (WBBA) and various industry experts. During the event, participants shared insights on diverse topics, ranging…
TikTok has today announced a new set of features designed to give users greater control over the content they see, helping them explore their interests, discover fresh creators, and personalise their TikTok experience. These tools will include a Manage Topics feature, smart keyword filtering and a 101 guide to how the For You feed works. The For You feed lies at the heart of the TikTok experience. It’s where users discover new topics, and where creators, communities, and small businesses find their audiences and grow. Stories like BoxToBox Regista, have gained a loyal community of sports fans by providing up-to-the-minute…
Innovate Africa Fund proudly hosted the inaugural World Product Day Lagos with over 200 founders, engineers, product managers, designers, and ecosystem enablers to celebrate bold innovation and build the future of African technology through product-led execution. A Platform for Builders, Not Just Dreamers Set against the theme “Bold Builders Wanted,” the event created a high-energy, high-impact environment where product leaders tackled the continent’s most urgent challenges head-on. From scaling core infrastructure to inclusive design and product management best practices, World Product Day was a call to action for the next generation of African builders. Enterprise Innovation Hackathon Finale The grand…
By Noah Perlman, Chief Compliance Officer, Binance As cryptocurrency adoption accelerates across Africa, the excitement around the technology and its transformative potential is palpable. But alongside this rapid growth comes a critical challenge: ensuring that innovation does not outpace regulation. This balance is not just important — it is essential. Without it, the promise of crypto to revolutionise financial inclusion and economic participation risks being undermined by misuse, fraud, and illicit activity. According to Chainalysis, illicit cryptocurrency addresses received over $40.9 billion globally in 2024. This figure is staggering and underscores the urgency of addressing the risks inherent in a fast-growing sector.…
South Sudan has officially become the 17th country to join the Smart Africa Trust Alliance (SATA). This is a declaration of trust with the Smart Africa alliance to cooperate on digital economy cybersecurity and artificial intelligence. The Smart Africa Trust Alliance (SATA) is the operational and coordination mechanism to enable cross-border use of digital identities and data to stimulate trade and services in Africa. Michael Makuei Lueth, the Minister of Information, Communication Technology and Postal Services, signed the declaration last week. Briefing the press after the signing ceremony, Telecommunication Undersecretary, Thomas Gatkuoth said with this declaration, South Sudan will now…
KCB Group and Access Bank have completed the sale of National Bank of Kenya to Access Bank Plc, marking the conclusion of a transaction that began in March 2024. This follows the receipt of all regulatory approvals customary for a transaction of this nature. As a result, NBK, where KCB Group had 100% ownership, is now a wholly owned subsidiary of Access Bank Plc. NBK and Access Bank Kenya will continue to operate independently, pending the completion of all integration processes. KCB Group CEO Paul Russo said, “The completion of this transaction marks a significant milestone for KCB Group in…
Kenya’s dynamic economy, strategic location as East Africa’s business hub, and growing middle class present exceptional opportunities for entrepreneurs seeking to establish profitable ventures. Based on market analysis and current trends, five business sectors emerge as particularly promising for new entrepreneurs: tour operations, car dealerships, real estate agencies, e-commerce platforms, and agriculture-focused enterprises. These sectors benefit from Kenya’s robust infrastructure, English-speaking workforce, and position as a regional logistics and finance center, while addressing both domestic demand and export potential. The tourism industry capitalizes on Kenya’s world-renowned wildlife and natural attractions, the automotive sector serves a growing vehicle market with a…
Neeraj Pradhan, Acting Chief Executive Officer, Liquid Kenya Africa’s tech ecosystem is brimming with opportunities. Stakeholders in the continent’s digital future need to commit to the investments that will realise this potential. Experts predict that universal, affordable, and good-quality broadband internet access in Africa by 2030 is possible. They also say that nearly 1.1 billion new unique users must be connected to make this happen, at an estimated cost of US$100 billion. It’s clear that a significant investment is needed to bridge the continent’s digital divide. Africa is ready for the digital future Africa’s young, tech-hungry population, the availability of…