Africa Boasts Nine Unicorns as Confidence in Scalability Grows
African startups secured $2.21 billion across 488 deals in 2024, a 22.73% decline from the previous year. The latter half of 2024 experienced a 24.96% surge in funding compared to the same period in 2023.
How agency banking is transforming financial access in developing countries
Only 49% of adults in sub-Saharan Africa own a formal bank account, with significant variations among countries. Agency banking has gained traction in Nigeria, providing convenience through proximity and responsiveness.
Guide to Wage Payment Laws in Africa: What Startups Need to Know
Minimum wages vary by country, with South Africa enforcing a minimum wage of ZAR 25.42 per hour. Kenya requires bi-weekly payments to be made within 24 hours of the due date.
M-Pesa to integrate with PesaLink, driving growth and financial interoperability in Kenya
M-Pesa integrates with PesaLink for real-time interbank transactions. The partnership aims to improve interoperability within Kenya's financial ecosystem.
Realising regional expansion for African startups
African continent has a combined GDP of $3.1 trillion and over 1.4 billion people. M-Pesa, Jumia, and Flutterwave are examples of successful pan-African expansions.
