Startups saw record levels of VC investments, according to reports by CB Insights, a leading technology insights firm, which reported global investments of USD 621 billion last year.
Cashew aims to grow into the rapidly expanding ‘buy now, pay later’ (BNPL) sector, with Egypt as a top potential market.
The Central African Republic’s move echoes that of El Salvador, which adopted Bitcoin as an official national currency last year. The Central African Republic is the first country in Africa to adopt the cryptocurrency as legal tender, and only the second state in the world to do so.
Zenda was launched last year and allows families to pay school fees with pay-now and pay-later payment schemes.
The African Development Bank’s (AfDB) 2022 Annual Meetings to be held in Accra from 23-27 May target climate resilience and a just energy transition for the continent.
PayU, a unit of South African multinational holding company, Nasper’s Ltd., and Egypt’s largest bank, National Bank of Egypt, have invested in Egyptian fintech firm Lucky. The funds will be used to allow Lucky to expand into the Middle East.
Egypt’s startup environment continues to attract regional and international investments.
The African Development Bank (www.AfDB.org) and the governments of Cabo Verde and Portugal have signed a country specific memorandum of…