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African Fintech raised over US$1.3-billion in 2021 and according to research by McKinsey & Company, is poised to generate US$30-billion by 2025. However, Fintech businesses have called for comprehensive regulatory policies for regions rather than countries. Fintech industry watchers and researchers say this is the fastest-growing start-up industry in Africa and is fuelled by several...

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Electronic payments are increasing in Ethiopia and this has triggered a new industry alliance between Oromia Bank, EthSwitch and Mastercard to facilitate local currency transactions from ATMs and Point of Sale (PoS) using international debit and credit cards. According to the tripartite agreement Oromia Bank ATMs will now accept Mastercard debit, credit, and prepaid cards....

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Binance, one of the world’s leading blockchain ecosystems and cryptocurrency infrastructure providers, has on Wednesday announced the launch of a crypto education hub in Yaoundé, Cameroon. The hub is set to provide resources and training for young people across Francophone Africa and is in collaboration with non-profit tech hub Inoni tech. The hub will be...

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Zimbabwe has confirmed approval of capital raising solutions provider Lloyd Crowd Funding, and money transfer service Uhuru Innovative Solutions to its Fintech regulatory sandbox. This as the country prepares to publish a public consultation paper focused on Central Bank Digital Currency (CBDC). Earlier this year, the Reserve Bank of Zimbabwe (RBZ) – which has continued...

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Africa’s largest start-up, Flutterwave, is battling allegations of financial impropriety and personnel harassment from Lagos to Nairobi, as it considers pushing ahead with plans to list the company. The Nigerian fintech recently filled key positions including a chief financial officer as it prepares for an initial public offering potentially next year, people familiar with the matter...