YouSend Launches in UK and Canada, Betting That Trust, Not Price, Wins the African Remittance Corridor
YouSend, a cross‑border remittance app for African immigrants, has launched its service in the United Kingdom and Canada. The platform uses a stable‑coin settlement layer to move funds to Nigeria, Ghana, Kenya and Tanzania, completing 95% of transfers in under two minutes. The app offers transparent exchange rates, 24/7 live human support, and holds licences from the FCA, FINTRAC and the Central Bank of Nigeria. Expansion into the EU and United States is slated for the coming weeks.
BlackForce Announces Vision to Build the Financial Infrastructure for Human Capital
BlackForce unveiled a new AI‑powered platform that treats skills, talent and future earnings as measurable financial assets. The six‑pillar ecosystem spans education, financing, career placement, venture incubation, mentorship and study‑abroad programs, aiming to replace traditional tuition‑debt models with outcome‑based funding....
Anchor Launches Nigeria’s First Fintech MCP Server – Bringing AI-Native API Infrastructure to the Developer Ecosystem
Anchor has launched Africa’s first AI‑native fintech Model Context Protocol (MCP) Server, enabling real‑time, machine‑readable access to its full API documentation. The service eliminates the “hallucination” problem where AI coding assistants generate incorrect integration code based on outdated specs. Developers...
Nigerian POS Agents Set for Showdown with Verve and Interswitch
Nigeria’s Association of Point of Sale Service Providers has warned it will stop processing Verve card transactions unless the Central Bank and competition regulators intervene over alleged anti‑competitive exclusivity by Verve and its parent Interswitch. The CBN recently extended the...
This Startup Is Betting on Tap-to-Pay in a Transfer-Dominated Market
CashAfrica, a two‑year‑old Nigerian fintech, is building a tap‑to‑pay infrastructure to shift the country’s payment habits from cash and transfers toward contactless transactions. The startup has piloted tap‑to‑pay on 1,000 PalmPay POS terminals and partnered with ChamsSwitch for settlement and...
Kenya Wants $21 Million to Monitor Social Media
Kenya’s government has asked parliament for KSh 2.7 billion (≈ $21 million) to build an AI‑powered National Communication Center that will monitor social‑media sentiment and flag misinformation. In Nigeria, a Lagos court injunction forced the FCCPC to suspend its digital‑lending rules, allowing Airtel and...
Africa’s AI Ambitions Face Critical Infrastructure Questions
AI investment is accelerating worldwide, and Africa is emerging as the next major growth frontier, according to Schneider Electric’s VP Steven Santini. He warned that the continent’s ability to attract AI projects hinges on resolving critical infrastructure gaps, especially reliable...
Got a Startup Idea? IHatch Cohort 5 Wants to Help You Build It
The Office for Nigerian Digital Innovation (ONDI), under the National Information Technology Development Agency (NITDA), has opened applications for iHatch Cohort 5, a government‑backed incubator for early‑stage startups in Nigeria. The program runs until 27 May 2026 and offers hands‑on business training, mentorship,...
Why Nigerians Are Experiencing Poor Network Service – MTN Chief
MTN Nigeria’s Chief Corporate Services Officer Tobe Okigbo said network disruptions are driven by technical and environmental factors such as rainfall, congestion, and frequent fibre cuts. He highlighted that 27‑45 daily fibre cuts and high land‑lease costs strain service quality,...
What African SaaS Companies Need to Build Before International Enterprises Will Trust Them
Nigerian founder Issa Ajao recounts how his Lagos‑based SaaS platform won a US security firm by focusing on enterprise‑grade infrastructure and self‑service controls rather than just features. The client’s IT team demanded answers on data residency, audit trails, incident response...
How Fintechs Can Navigate Africa’s Regulatory Maze
Fintechs expanding across Africa face a fragmented regulatory landscape that demands market‑specific compliance strategies. Enyioma Madubuike, Kora’s chief legal officer, built a compliance program from scratch, emphasizing deep local intelligence, product‑fit awareness, and strategic partnerships with local processors. He warns...
Kenyan High Court Freezes Vodacom’s Bid to Take Majority Stake in Safaricom
Kenyan High Court has frozen Vodacom Group's plan to acquire a majority stake in Safaricom, halting a potential shift in control of the country's leading telecom and mobile‑money operator. The injunction prevents Vodacom, which already holds a minority share, from...
Paystack Bets on an AI-Powered Dashboard to Drive Value for over 300,000 Businesses
Paystack unveiled an AI‑powered merchant dashboard, its first major redesign in a decade, to serve more than 300,000 businesses across Nigeria, Ghana, South Africa and two other African markets. The platform now processes trillions of naira each month—roughly $2.5 billion in...
Yango Group’s $150M Africa Bet Reshapes Ride-Hailing Competition
Yango Group announced a $150 million funding round to accelerate its push for a pan‑African super‑app that combines ride‑hailing, food delivery, logistics, payments and fintech services. In Kenya, a nationwide transport strike over a 70% fuel‑price surge was temporarily halted, giving...
The Real Problem with African Payments Isn’t Technology – Ehi Ijewere, Senior Product Manager at KoraPay
Senior Product Manager Ehi Ijewere at Kora argues that Africa’s payment challenges stem from fragmentation, not technology. He emphasizes that understanding local market nuances—bank transfers in Nigeria, mobile money in Kenya, card payments in Egypt—is essential before scaling fintech solutions....