MTN moves MoMo to cloud-native infrastructure as its African fintech ambitions expand
MTN Group Fintech completed the migration of its Mobile Money platform to a cloud-native architecture in Eswatini, Ghana, Rwanda, and Uganda. The migration was executed in partnership with technology provider Ericsson.
African VC Enters Liquidity Phase as Launch Africa Returns $2.5M to Investors
Launch Africa Ventures returned $2.5 million to its limited partners after 11 startup exits. The fund has returned about 7% of paid-in capital through exits in Nigeria, Ghana, Senegal, Tanzania, Egypt, and South Africa.
Zipline’s Medical Drone Network is Reportedly Improving Rural Economies in Africa
A 22 percent drop in child deaths from severe malnutrition was reported at facilities served by Zipline drones. Hospitalizations rose by 21 percent at served facilities, indicating better case detection.
Rwanda’s Drone Experiment Is Becoming Zipline’s Africa Playbook
Zipline is extending its agricultural services developed in Rwanda into additional markets. The company reported higher farmer earnings linked to refrigerated storage and drone delivery of livestock insemination materials.
Enza Awarded Payments License From Bank of Ghana, Eyeing Summer Launch
Enza awarded a Payment Service Provider Enhanced license by the Bank of Ghana. The license allows Enza to roll out services to banks, fintechs, and financial institutions in Ghana.
