Carbon reveals the appeal of fintech transparency in second profitable year, with $17million in revenue

In an audited report published this week, Carbon, the Nigerian fintech company, declared that it made the naira equivalent of $312,905 in profit after tax in 2019.  It’s a second successive year of profit for the business. First conceived as a lending platform, it now projects a “full-service” financial services menu that features investments, personal […]
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“Never waste a good crisis”: Mercy Zulu-Hume on the pandemic, opportunities and impact investments in Africa

My Life In Tech is putting human faces to some of the innovative startups, investments and policy formations driving the technology sector across Africa. Mercy Zulu-Hume is part of a team of investors working to fund and support businesses in Africa and India who are impacting their communities particularly unserved and underserved ones and in areas […]
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The grand fintech consolidation in MFS Africa’s acquisition of Beyonic

In a deal that broadens cross-border financial services within and beyond Africa, MFS Africa, a mobile payments hub connecting banks, money transfer and telecom network operators, has acquired Beyonic, a Uganda-based digital payments company. It is a 100% acquisition paid for in cash and shares. The company will be called MFS Africa but Beyonic’s core […]
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A tech lifeline for events in Africa’s $31 billion fashion industry

Model castings, backstage rush, lights, cameras, runway, the US$31 billion African fashion industry (PDF)  is always agog almost all year round with vibrant fashion events, big and small.  This year has been  unprecedented  for physical activities across the globe. A viral pandemic has kept much of the world indoors for at least a month. And […]
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Coronavirus Weekly Update: Nigerians are not buying phones

YCombinator cuts investment size A TechCabal roundup about the impact of the coronavirus pandemic on Africa’s tech industry JUNE 28, 2020 This newsletter is a weekly special focused on the effect of the novel coronavirus, COVID-19 on African tech and innovation ecosystems. Subscribe here to get it directly in your inbox every Sunday at 3 […]
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