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Nigerian fintech startup Kippa is shifting gears and venturing into the education technology (edtech) space, according to a Wednesday report by Techcabal. The company is developing an artificial intelligence (AI)-powered e-learning platform to facilitate the creation of online course modules and deliver bite-sized training sessions.
Ghita Mezzour (photo), the Moroccan Minister for Digital Transition and Administrative Reform, outlined the Maroc Digital 2030 strategy at a Government Council meeting on Thursday, January 25. The strategy is anchored in two main pillars: the digitization of public services and the stimulation of a new dynamic in the digital economy. The goal is to foster the development of Moroccan digital solutions, create added value, and generate jobs, forming the basis for digital development in the country.
African fintech startups eager to scale their businesses are invited to apply for the Visa Accelerator program, offering three months of intensive training and support from the global payments giant.
The program provides selected startups with 1:1 mentorship, personalized training, and networking opportunities. With the deadline for applications set for February 18, interested parties can learn more by visiting the program’s page.
Nigeria's Ministry of Communications, Innovation and Digital Economy (MCIDE) on Friday announced 10 startups that will receive grants under its Fourth Industrial Revolution Technology Application (4IRTA) program in agriculture.
The selected companies, stand to gain up to 10 million naira ($10,977) each to scale their innovations.
"Congratulations to the 10 selected projects as we look forward to working with them in partnership with the Ministry of Agriculture to support their path to scale and sustainability," said Bosun Tijani, Nigeria's Minister of Communications, Innovation and Digital Economy.
Cova, a Nigerian startup offering asset management services, announced its closure in an email to users on Tuesday, January 23. The firm, citing "several factors," will cease operations on February 10, 2024. Cova assured users they would be fully refunded by February 13 at the latest.
Altschool Africa, a Nigerian edtech based in Kigali, Rwanda, is extending its services to Kenya, Techcabal reported last Wednesday. The country is the startup's second-largest market in terms of revenue, after Nigeria and ahead of the UK. "We're not new to the people, but this will give us the opportunity to expand," said Altschool Africa founder Adewale Yusuf.
Ugandan e-mobility startup Safeboda is set to return to the Kenyan market in February 2024, two years after suspending operations there. The announcement was made on Monday, January 22, through a post on the X social network. Details regarding the company's Kenyan relaunch remain scarce, with the post only confirming the February timeframe and Nairobi as the initial operating city.
Global payments giant Visa announced a strategic partnership with Kenyan fintech company Pesaflow to transform and enhance digital payments within the Kenyan government. The collaboration aims to establish seamless and user-friendly digital payment platforms, incorporating virtual cards and secure gateway services for transparent and reliable transactions.
In Senegal, road fines can now be paid online, thanks to a recent initiative by the General Directorate of Public Accounting and Treasury (DGCPT). Launched on January 18, the digital platform simplifies the fine collection process, enabling drivers to pay their fines quickly and on the spot, without having to visit police or gendarmerie stations.
In a move to widen cryptocurrency accessibility in Africa, leading platforms Coinbase and Yellow Card have announced a strategic partnership. This collaboration aims to simplify access to USDC, a stablecoin pegged to the US dollar, and other digital assets across the continent.
Through the partnership, Coinbase has integrated the Yellow Card Widget within its Wallet app. This integration grants Coinbase Wallet users seamless access to Yellow Card's extensive network of payment methods for buying and selling digital assets. The network reportedly spans 20 African countries, significantly facilitating crypto transactions in the region.
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The Africa Stablecoin Consortium (ASC), a coalition of Nigerian banks and fintechs, announced it has postponed the launch of its cNGN stablecoin, originally slated for February 27.
"...We are engaging with the appropriate regulatory bodies, including the Central Bank of Nigeria, to participate in its regulatory sandbox program. Our goal is to showcase the potential benefits of the cNGN ecosystem, providing a secure, transparent, interoperable, and innovative solution for digital asset transactions in Nigeria," the ASC said in a statement.
The Meltwater Entrepreneurial School of Technology (MEST) has launched applications for its 12-month training program aimed at helping aspiring tech entrepreneurs in Africa turn their ideas into successful startups. The deadline for applications is March 18, 2024. More details about the program and the application process can be found here.
Kenyan e-commerce platform Badili announced on Wednesday, January 10, the successful completion of a financing round for an undisclosed amount. The deal was spearheaded by venture capital firm E3 Capital. The funds will be utilized to expand into new markets in East Africa.