Africa

Africa is the world's second largest and second most-populous continent. At about 30.3 million km² including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area. With 1.2 billion people as of 2016, it accounts for about 16% of the world's human population.

(source: en.wikipedia.org)

Nukkleus Taps Tantel to Expand Cross-Border B2B Payments in Africa
Nukkleus Taps Tantel to Expand Cross-Border B2B Payments in Africa
January 22, 2024  |  Partnerships

Blockchain/payments firm Nukkleus has teamed with Tantel Group to expand its footprint in Africa. The partnership, which involves Nukkleus’ subsidiary Digital RFQ (DRFQ), will help Nukkleus tap into Africa’s $1.5 trillion B2B...

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Microsoft/Vodafone $1.5 Billion Deal Will Help Expand M-Pesa
Microsoft/Vodafone $1.5 Billion Deal Will Help Expand M-Pesa
January 16, 2024  |  Partnerships

Microsoft and Vodafone have launched a $1.5 billion payments and AI-focused collaboration. The partnership will see the companies employ Microsoft’s generative artificial intelligence (AI) to...

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Ericsson Aims to Capture Half of African Mobile Wallet Market
Ericsson Aims to Capture Half of African Mobile Wallet Market
January 09, 2024  |  Mobile Wallets

5G network maker Ericsson reportedly has big plans for Africa’s mobile wallet market. The Swedish company’s software helps power more than 400 mobile wallet accounts around the...

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Report: B2B eCommerce Platforms MaxAB and Wasoko in Merger Talks
Report: B2B eCommerce Platforms MaxAB and Wasoko in Merger Talks
December 22, 2023  |  B2B Payments

MaxAB, an Egyptian B2B eCommerce startup, and Wasoko, a Kenya-based eCommerce player, are reportedly in talks to merge their operations. The talks are ongoing and...

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Liquidity Management Key to Taming FX Volatility in Emerging Markets
Liquidity Management Key to Taming FX Volatility in Emerging Markets
November 20, 2023  |  Cross-border Payments

Compared to the global standard of five to six hubs, moving money between Nigeria and China or Singapore can require navigating through up to 16...

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Onafriq Partners With Ripple to Open Payments Corridors to Africa
Onafriq Partners With Ripple to Open Payments Corridors to Africa
November 08, 2023  |  Partnerships

Onafriq, formerly known as MFS Africa, has partnered with Ripple to boost the speed and efficiency of payments between Africa and several new markets. With...

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Revio Raises $5.2 Million to Grow Africa-Focused Payments Orchestration Platform
Revio Raises $5.2 Million to Grow Africa-Focused Payments Orchestration Platform
September 27, 2023  |  Investments

Revio, a payment orchestration platform, secured $5.2 million in a seed round to tackle the challenges and opportunities in the African payment ecosystem. The funding...

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Walmart Doubles-Down on Massmart in African Market Push
Walmart Doubles-Down on Massmart in African Market Push
September 11, 2023  |  Walmart

Walmart has reportedly renewed its commitment to Africa by increasing its online efforts at South African retailer Massmart. Walmart initially acquired a controlling stake in...

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Payments Startup Flutterwave Partners IndusInd Bank to Expand Into India
Payments Startup Flutterwave Partners IndusInd Bank to Expand Into India
September 08, 2023  |  Partnerships

African payments startup Flutterwave is reportedly expanding into the Indian market through a partnership with IndusInd Bank. This move makes Flutterwave the first African company to scale up...

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