African payday lenders face distribution problems if Google acts

Access to credit in Africa is difficult because banks consider retail loans risky. But payday lenders are filling this gap, promising instant loans with no collateral. While they provide credit, they have high interest rates and repayment periods can force customers into a debt cycle. In response to these concerns, Google updated its policies. Introduced […]
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Insight: Iyin Aboyeji’s Future Africa Fund is offering more than money

Billion-dollar companies are not built by rich founders with shiny pitch decks. Bullish big-ticket announcements do not guarantee great leaps. And while capital remains a primary need globally, a stable startup in Africa must tame aggressive human and structural challenges. There is no flawless template for success. But with his work at Andela and Flutterwave, […]
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Flutterwave raises $35 million for business expansion across Africa

Business-to-business payments platform Flutterwave has completed a $35 million Series B round. With operations across eight African countries and the UK, Flutterwave is positioning itself as a strategic partner for companies looking to break into Africa. The company says it will invest its latest funding in improving its technology and expanding its business development team. […]
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Kenyan bus-travel platform QuickBus raises seed funding from Abu Dhabi

A Kenyan online platform for reviewing and buying bus tickets in Africa has completed a seed round. Beyond ticketing, QuickBus lets users review and rate experiences on bus travel platforms, Wamda reports. They are currently in operations in Kenya, Uganda, and Angola, and have secured partnerships in seven countries. Routes available on the platform include […]
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Is your SIM registration data in the wrong hands?

My first 9Mobile SIM was registered with a roadside agent. I submitted my fingerprints, a photo of my face, address, full name, date of birth, state of origin, and everything that can be used definitively to identify me. A few weeks later and unable to purchase an internet bundle subscription, I visited a contact centre […]
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Inside the Finance Bill: Nigeria is planning to introduce digital taxes

Nigeria could be joining the number of countries introducing digital taxes. The recently signed Nigerian Finance Bill quietly gave the Minister of Finance full powers to impose digital taxes in Nigeria. On Monday, January 13, Nigeria’s President Muhammadu Buhari signed the Finance Bill 2019 [PDF]. Essentially, the bill amends several portions of the Nigerian tax […]
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