Ghana finance minister fends off criticism, apologises for economic hardship

Ghana’s finance minister Ken Ofori-Atta said on Friday that he was “truly sorry” for the country’s economic hardship but insisted that he was competent for the role in remarks to a parliamentary committee set up to investigate his conduct. Ofori-Atta has been heavily criticised for his handling of what has become Ghana’s worst economic crisis

Kenya Grants Paystack PSP License

Paystack, the Nigerian-born fintech company acquired by Stripe, has secured a payment service provider license from the Central Bank of Kenya (CBK), enabling it to facilitate payments and optimise merchant experience for Kenyan businesses. This development follows the company’s expansion into Kenya and its private beta product launch. Paystack acquired its payment license despite the

Ghanaian among top 5 startups for 2022 MEST Africa Challenge finalists

MEST Africa has announced Sproutly (Nigeria), Kweli (Senegal), Swoove (Ghana), Hisa (Kenya) and Desert Green Africa (South Africa) as the startups who will be into the grand finale of the 2022 MEST Africa Challenge pitch competition. The pan-African pitch competition opened applications in July this year for pre-seed and seed-stage technology startups in Ghana, Nigeria,

Nigeria artist transforms oil kegs into faces to reduce waste – SABC News

Growing up, Nigerian artist Oluwajuwonlo Adeyemi saw her mother discard large plastic kegs of cooking oil she used for her catering business in Lagos. Distraught at the thought of adding waste to sprawling dumpsites in a city where only a small fraction of rubbish is recycled, Adeyemi turned them into faces that have become a

Chipper Cash to Buy Zoona to Expand Payments

Pan-African cross-border payment app Chipper Cash reportedly intends to acquire Zambian FinTech Zoona Transactions International.  The deal, subject to authorities’ approval, would bring to Chipper Cash new online services, a new agent network and entry to Zambia, TechCabal reported Friday (Nov. 18).  In a Friday post on LinkedIn, Chipper Cash wrote: “In exciting news, today we announced the intended acquisition of

Chipper Cash set to buy Zambia fintech pioneer Zoona

Pan-African cross-border payment app Chipper Cash is set to acquire Zambian fintech company Zoona Transactions International, according to a statement shared with TechCabal.  This acquisition will allow Chipper Cash, which has a self-reported user count of 5 million, to add new online services and a new agent network to its offerings. This move is also

‘Why I Will Support Senegal At 2022 World Cup’

Former Nigeria international Julius Aghahowa has revealed why he will adopt the Teranga Lions of Senegal as his team among the five African countries at this year’s FIFA World Cup in Qatar. Aghahowa disclosed this during the unveiling of Goldberg Premium Lager and Life Continental as the official beers of the Super Eagles. The unveiling