The number of deals closed by Africa’s tech start-up scene mushroomed in 2021 to 681. In total, the deals, closed by 640 start-ups, brought in around $5.2bn – nearly three times the amount raised in the previous year. Will the tech bubble keep growing or is it bound to burst?
In April 2022, Airtel Africa was granted a licence to operate as a payment service bank (PSB) in Nigeria – nearly four years after initial guidelines around the establishment of PSBs were published by the Central Bank of Nigeria (CBN).
Christel Heydemann, who was appointed six months ago as head of Orange, made her first trip to the continent with her staff, specifically to Côte d'Ivoire, the operator's first African market. Over the last decade, Africa has become the most dynamic region in the world for the French telecom giant.
Kenyan telecoms provider Safaricom will launch its Ethiopian network in the north-eastern city of Dire Dawa in August, the first stage of a phased national roll-out that will include 24 other sites by April 2023.
A ceremony to celebrate the launch of Safaricom Ethiopia’s nationwide commercial launch marks the latest radical development in the domestic digital finance sector (DFS), which has been undergoing rapid growth in recent years.