Africa’s largest start-up is fighting allegations of financial impropriety and personnel harassment from Lagos to Nairobi.
African start-ups are expanding into Europe and other parts of the world, betting on providing more affordable services with a growing tech talent pool.
A court in Kenya has frozen more than $40-million in accounts belonging to Africa-focused payments giant Flutterwave.
Africa’s technology-dominated start-ups will continue to attract investment, even if at a slower pace, following record venture capital funding last year.
A group of young entrepreneurs are looking to reinvent Zambia as an African technology hub – with support from ethereum co-creator Vitalik Buterin.
MTN Group will look for minority investors in its African fintech unit after separating the division from its traditional telecommunications business.
Africa-focused fintech firm Flutterwave said on Wednesday it had raised $250-million in its single-biggest funding round to date.
The co-founders Skype and Flutterwave are among the big names backing a new tech growth fund aimed at investing in African “impact start-ups”.
Nigerian tech start-up TeamApt is in the market raising its third round of funding at a value of more than $1-billion.
Flutterwave is seeking fresh funding at a valuation of $3-billion or more, according to people with knowledge of the matter.