For all the talk about emerging markets and their similarities, moves involving African startups expanding to Latin America are rare. Only two significant activities come to mind recently: Migo’s expansion to Brazil and Paga’s planned move to Mexico, their respective second markets outside Africa. What’s rarer, however, is the reverse — Latin American tech startups … Read More “EBANX: We will be operating in 11 African countries by the end of the year” »
An x-ray of the brightest ever gamma ray burst reflected off dust layers, creating extended ‘light echoes’ of the initial blast. Credit: NASA First detected accidentally by US military satellites in the late 1960s, cosmic explosions known as gamma ray bursts (GRBs) have come to be understood as the brightest explosions in the universe. Typically, … Read More “How we may have solved the mystery of its puzzling persistence” »
Shares in NASDAQ-listed fintech Tingo have plummeted after a report from short-selling company Hindenburg Research asserted that the company’s financial statements are fabricated. On 5 June, Tingo’s shares were worth $0.33. Twenty-four hours later, they plummeted to $0.064 after the report, in which Hindenburg labelled the group an “obvious scam” and questioned claims about the company made … Read More “Fintech Tingo loses 80% of value after short-seller allegations” »
In the second column of his series on the engineering and other peculiarities of French motorways, Vitali shares his observations on driving in France. “It is of course a commonplace to say that France is diverse to the point of absurdity,” Fernand Braudel, France’s leading 20th-century historian noted in his book ‘The Identity of France’. … Read More “After All: Trust nobody and nothing when driving in France” »
Nigeria’s Simi Nwogugu, CEO of JA Africa, has been named as a Top 10 finalist for the Africa Education Medal 2023. Founded last year by T4 Education and HP in collaboration with Microsoft, the Africa Education Medal is Africa’s most prestigious education accolade. The Africa Education Medal was established to recognise the tireless work of … Read More “Nigeria’s Simi Nwogugu named top 10 finalist for Africa Education Medal 2023” »
Fancy seeing Pope “P. Diddy” Francis in a puffer jacket and King Charles and Queen Camilla rocking some slick moves at their coronation after-party? It’s all in an AI’s work for today’s clever image-generation bots, which are offering a fun artistic outlet for some while others ponder the ethics of creating deep-fake images from scratch. Welcome to the … Read More “AI Empowering Virtual PAs and Digital Artists” »
Helium Health, the African startup that provides software-as-a-service tools, financing and insights for healthcare providers and public health organizations, has raised $30 million in Series B funding. The news is coming three years after the Lagos-headquartered health tech secured a $10 million Series A and 18 months following a rare Africa-GCC deal involving UAE-based healthcare … Read More “Helium Health gets $30M, backed by AXA IM Alts and 23andMe’s Anne Wojcicki” »
by Fintechnews Africa 10 May 2023 Ecobank Kenya announced the launch of the Fingo Africa app, which is set to revolutionize financial inclusion for young people in Kenya and across Africa. The app was developed in close collaboration between Fingo Africa, a Kenyan Fintech company and Ecobank. The launch of the App in Kenya will … Read More “Kenya’s Ecobank and Fingo Plan to Roll Out a Neobank for the Youth” »
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European Central Bank officials called for interest rates to be lifted further — seeking additional reassurance on the inflation front as they look past more signs of weakness in the euro-zone economy. Dutch central bank chief Klaas Knot said he’s “not yet convinced that the current tightening is sufficient,” telling lawmakers Wednesday in the Netherlands … Read More “ECB officials urge higher rates even as inflation retreats” »
