Nigeria Launches Tech Funds Totalling $618 Million For Youth Investors.
Nigeria’s Vice President Yemi Osinbajo launched the $618 million fund under the Investment in Digital and Creative Enterprises (iDICE) in the federal capital Abuja, on Tuesday to support tech and creative sectors for young investors who struggle to raise capital…
Lagos Announces Plans To Set Up Crypto Hub, And Give Boost To Crypto Transactions.
Lagos Nigeria plans to set become the crypto hub of Africa, describing itself as the next crypto capital, as the state Governor, Babajide Sanwo-Olu announced bold proposals for crypto adoption in Lagos. “Lagos state has become an enviable state for…
Kenyans Put An Average of Sh 2000 in cryptocurrencies
Retail crypto traders in Kenya held cryptocurrencies worth an average of Sh2,076 ($16.08) each last year, ranking at the bottom of allocation to the alternative assets ahead of Nigeria. The 2023 digital global overview report by Meltwater, an online media…
Naira Scarcity : Nigerians Adopt Fintech Virtual Bank As Commercial Banks Apps, USSD Breakdown.
As the end of the Naira scarcity is nowhere in sight and following the breakdown of commercial banks mobile apps and USSD codes, Nigerians are switching to virtual fintech banks which provide swift transactions. Virtual banks like Opay Palmplay ,…
Nigerians Take Second Position In Global Crypto Leverage Trading Products Searches
In a recent survey and analysis of Google searches by Leverage Trading, Nigeria is the “second-highest country in the world for searches related to crypto leverage.” Along with South Africa and Ghana, the West African nation also dominates searches for…
Fintech Industry In Africa Is Expected To $30 Billion Revenue Mark By 2025: Report.
Recent research report released by McKinsey and Company, a global management consulting firm, has projected that Africa’s Fintech revenue could hit $30 billion by 2025. Analysts at the company predict that African Fintech companies could see their revenue jump to…
Nigerian Startups Among 11 African Startups Selected For Pitch Round Of Africa Accelerator Programme.
A total of eleven startups have been selected for the next stage of the MultiChoice Africa Accelerator, gaining the chance to pitch to prospective investors in Dubai. The MultiChoice Africa Accelerator programme, the brainchild of the MultiChoice Group and part…
Binance P2P MarketPlace Will Now Support More New African Currencies Without Third Parties.
Crypto Exchange platform Binance has announced that its peer-to-peer (P2P) marketplace will now support more African currencies, including Liberian dollar (LRD), Sierra Leonean leone (SLL), Gambian dalasi (GMD), Mauritanian ouguiya (MRO), and Cape Verdean escudo (CVE). Users in these regions…
Twitter Users Can Now Buy Twitter Coins Through Stripe.
Twitter, apparently, has started the beta rollout of its Twitter Coins to certain users. A few Twitter users reported being able to buy Twitter Coins since Feb. 22. Rumors of Twitter releasing its own token started circulating in December 2022….
African Fintechs Record 39.3% Rise In Investment, Brings In $1.3 Billion.
Fintech sector in Nigeria, South Africa, Kenya and others was the most attractive to investors in 2022, receiving almost $1.5 billion in funding during the year, making up 43.4 per cent of all startup investments into the continent. The startup…