Category: African Business
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Big Banks Enter Stablecoin Era by Taking Zelle International
The move could help big bank owners of payment product head off cryptocurrency competition Zelle, the payments product owned by the country’s largest banks, said Friday that it plans to allow users to start making international payments using stablecoins, a type of cryptocurrency. The move by Early Warning Services, which is owned by a consortium…
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🇹🇿🇺🇳 Tanzania and the United Nations Development Programme (UNDP)
🇹🇿🇺🇳 Tanzania and the United Nations Development Programme (UNDP) have launched a $37.4 million project aimed at combating climate change, preserving biodiversity and reducing carbon emissions. The initiative is funded by the Global Environment Facility (GEF) and implemented through the Tanzanian Forest Service (TFS). The Permanent Secretary of Tanzania’s Ministry of Natural Resources and Tourism,…
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🇰🇪 His $5,000 was frozen by PayPal. Now he’s raised nearly $6million to expand stablecoin cross-border payments for Africans
At 19, David Nandwa had a $5,000 payment frozen by PayPal. That frustration became fuel. Months later, he launched Honeycoin, a fintech bridging blockchain and traditional finance across Africa. Today, it processes over $150 million monthly in 40 markets, backed by nearly $6 million in funding. Five years ago, a young software engineer in Nairobi…
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🌍 Four African Countries Removed From Global Illicit Money Flow List
In a major boost for Africa’s financial reputation, the Paris-based Financial Action Task Force (FATF) has officially removed Burkina Faso, Mozambique, Nigeria, and South Africa from its “grey list” — a designation for countries under increased monitoring for weaknesses in combating money laundering and terrorist financing. A New Chapter for Four Reform Leaders 🇧🇫 Burkina…
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🇱🇾🇫🇷Prisoners threaten Sarkozy with revenge for the death of Muammar Gaddafi
In the Santé prison in Paris, prisoners filmed a video in which they insult and threaten former French President Nicolas Sarkozy, promising to take revenge for the death of Muammar Gaddafi. In response to the threats, Sarkozy’s security was increased: two personal security officers were assigned to him for round-the-clock surveillance. They accompany the former…
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Beat Face Honey: From Strip Club Makeup Artist to Celebrity MUA – A Blueprint for Aspiring Black Beauty Entrepreneurs
How a YouTube creator from Philadelphia used social media to build a beauty empire In an industry often critiqued for its lack of inclusivity and representation, Tatiana “Beat Face Honey” Ward’s journey stands as both an inspiration and a masterclass in entrepreneurial hustle. Her story represents a modern-day beauty fairytale—one that began in Philadelphia strip…
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Halo Braid: How a Harvard-Invented Robot is Weaving a New Future for the Hair Braiding Industry
A groundbreaking innovation born within Harvard’s halls is poised to revolutionize a cornerstone of cultural beauty and haircare. Halo Braid, an automated hair-braiding device developed by alumni Yinka Ogunbiyi and David Afolabi, is challenging a millennia-old practice with cutting-edge robotics. Its recent success in securing significant investment capital signals a transformative moment for the multi-billion…
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Leading Fintechs in Pan-African Countries
Fintech funding and market size vary significantly across African countries, with Nigeria, South Africa, and Egypt consistently leading in both venture capital and active market volume, followed by rapidly advancing markets like Ghana, Ethiopia, Senegal, Liberia, Côte d’Ivoire, and Gambia���. Funding Leaders: Nigeria, South Africa, and EgyptNigeria is the continent’s powerhouse, often drawing a third…
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🇪🇹 Abiy Ahmed Launches Ethiopia’s First Drone Assembly Factory Amid Regional Arms Race
Ethiopia has taken another step toward asserting its technological and military independence with the inauguration of SkyWin Aeronautics Industries, a state-linked drone assembly facility in Addis Ababa. The factory, officially opened on March 8, 2025, was launched by Prime Minister Abiy Ahmed, who hailed the project as a milestone in the nation’s journey toward self-reliance…
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🇨🇲 Cameroon judges reject election-rigging complaints
Judges in Cameroon have dismissed calls for the partial or total cancellation of the heavily disputed presidential election, saying they will announce the result on Monday. Major cities in the country have been rocked by protests, with opposition supporters alleging that the 12 October poll was marred by irregularities, including ballot-stuffing. Judges on the Constitutional…
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