Finance and foreign ministers have called for the reforming of the international financial system to improve the prospects of developing countries at a just-concluded United Nations (UN) Member States meeting in Addis Ababa, Ethiopia. Li Junhua, the Under-Secretary-General of the UN Department…

By August 22, 2024, Mercury, a well-known banking partner for startups, promises to cancel users' accounts in a number of nations, including thirteen African nations. “Due to recent changes in how we determine account eligibility, we are no longer able to support…

Smile Identity, an Africa-focused identity verification solutions provider, has had 150 million identity verification checks effected on its technologies, doubling from 75 million a year ago.   “We’re accelerating at an unprecedented pace, thanks to our amazing customers, partners, and team. As…

According to the Financial Action Task Force (FATF), scammers, terrorist organisations, and other illicit actors continue to utilise virtual assets to fund the spread of weapons of mass destruction. According to a recent study from FATF, "the DPRK continues to steal or…

In June 2024, startups in the Middle East and North Africa (MENA) area raised $116 million, a 59% decrease from May 2024. $15 million was raised by four Egyptian businesses, which is the second-highest amount after the United Arab Emirates (UAE), whose…

Pan-African remittances startup Nala has secured $40 million in a series A round led by CEO Benjamin Fernandes, making it one of the largest in African tech history. Acrew Capital, a venture capital firm based in San Francisco, led the round. Other…