Nigeria’s central bank restricts payment firms from dominating consumers and merchants
The rule comes as banks and fintechs expand beyond their traditional niches to serve both consumers and merchants.
Tech
Why Solarbox is building Senegal’s EV ecosystem around the sun
Senegal's Solarbox is building electric vehicles around one thesis: solar can provide a better power source than the grid. Here's Tijan Watt in an interview with Lina Kacyem.
Kenya’s KCB Group fires staff over fraud as cases drop sharply
The rise in staff dismissals amid falling fraud cases signals that Kenyan banks are taking a tougher stance on insider crime, using technology and tighter controls to detect misconduct early.
Flutterwave hits $3.25 billion valuation in Ripple-backed Series E
Flutterwave, Africa’s most valuable fintech company, has raised a Series E round at a $3.25 billion valuation after a strategic investment from Ripple.
Which Samsung phones are getting the Samsung One UI 9 update
One UI 9, built on Android 17, kicked off its beta program on May 13, 2026, starting with the Galaxy S26 series.
PawaPay crosses 3 billion transactions on Africa’s mobile money rails
PawaPay, a UK-based fintech company that provides mobile payments solutions to African businesses, has said it processed three billion mobile money transactions, reaching its latest billion in less than nine months and doubling its daily transaction volume to five million payments.
Fintech Chimoney to be acquired four weeks after announcing shutdown
The acquisition comes four weeks after Chimoney announced it was shutting down due to insufficient capital to sustain operations.
👨🏿🚀TechCabal Daily – MTN is going green
In today's edition: Bolt is verifying its South African passengers Starlink is starting operations in Côte d’Ivoire Gabon’s national centre is coming soon MTN is going for clean energy
Beltone taps fintech Telda to bring mutual funds to Egypt’s digital investors
The deal is the latest sign of how Egypt's asset managers are increasingly turning to fintech platforms to reach retail investors.
Why Africa’s electric mobility is no longer a venture bet
Startups in the sector have raised over $1.28 billion since 2019. A third of the capital now comes as debt, in larger rounds, and from lenders rather than venture investors, a sign the sector is being financed like infrastructure.