A country in East Africa known for its diverse wildlife and natural landscapes, but currently facing political unrest and internet censorship.
Tanzania Enforces Ban on Foreign-Owned Fintechs in Mobile Money Sector
The Tanzanian government issued a directive banning foreign-owned fintechs from the mobile money sector. Government Notice №487A outlines a ban on non-citizens engaging in 15 specific business activities, including mobile money transfers.
Kenya to roll out national crypto policy and VASP bill
Kenya's government is embracing Bitcoin and blockchain technology, signaling a shift towards a digital economy. Cabinet Secretary William Kabogo announced plans for a National Policy on Virtual Assets and a Virtual Asset Service Providers Bill in Kenya.
PalmPay Eyes Up to $100M in Fresh Funding as it Pushes Beyond Nigeria
PalmPay is in talks to raise between $50M and $100M in a Series B funding round. The company has already raised nearly $140M in previous funding rounds.
Kenyan Startup Badili Secures US$400,000 for Refurbished Electronics
Badili secured a US$400,000 debt facility from Proparco to support its refurbished electronics initiative. The startup operates in Kenya, Tanzania, and Uganda, focusing on the resale of used or damaged mobile phones.
Starlink faces backlash over local ownership in Lesotho
Starlink faces backlash in Lesotho over local ownership demands from the rights group Section 2. South Africa is scrapping the 9% luxury tax on smartphones priced under R2,500 to aid low-income households.
