The buzz of fintech funding activities in Lagos, Nairobi and Johannesburg can sometimes restrict our imagination of the scope of African tech ecosystems. But over the past year, we have seen the strong emergence of North Africa on the landscape, somewhat buoyed by organisations like the International Finance Corporation (IFC). The IFC has announced that, […]
TerraPay, a mobile payments switching company operational in Africa, Asia and Europe, has been acquired by a consortium of investors. Investors involved in the acquisition include Prime Ventures, a Europe-focused venture capital firm, and Partech Africa, an investor in African tech startups. The acquisition is the next process in Terrapay’s development after completing an incubation […]
International Finance Corporation (IFC), a member of the World Bank Group, yesterday launched an initiative called ‘Lighting Africa Program’ to provide lighting in Nigeria, according to a piece of news published on their website.