Google Accelerator Returns to Back African AI Startups with Big Ideas
Google has opened applications for the 2025 Google for Startups Accelerator Africa program. The program is designed to support early-stage startups using AI to address Africa’s challenges.
How Moniepoint is going after remittances with Monieworld
Moniepoint launched Monieworld, enabling UK residents to send money to Nigeria via various payment methods. A live demo showed a transaction taking just 17 seconds, with competitive conversion rates compared to other platforms.
PayPal Partners with TerraPay to Enhance Cross-Border Transactions in Middle East and Africa
PayPal announces a strategic collaboration with TerraPay to facilitate real-time fund transfers. The partnership aims to streamline cross-border transactions for users in the Middle East and Africa.
Safaricom takes on Starlink with aggressive 5G push in rural Kenya
Safaricom has slashed router prices from KES 25,000 ($192) to KES 3,000 ($23) to make 5G more accessible. The company is targeting upcountry users with affordable, plug-and-play 5G routers bundled with flexible data plans.
Kenya to End 9-Year Ban on New Commercial Bank Licenses in July 2025
The Central Bank of Kenya announced the lifting of a nine-year moratorium on new commercial bank licenses, effective July 1, 2025. The moratorium was initially imposed to address systemic issues in the banking sector, including governance and operational inefficiencies.
