An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
Flutterwave Partners With Blockchain Network Tempo to Cut Costs on African Payments
Flutterwave announced a partnership with Tempo to create a stablecoin-based infrastructure for cross-border payments in Africa. The integration will utilize Tempo's layer-1 blockchain within Flutterwave's Send App and Flutterwave for Business products.
Battery Rental Startup bPOWERd Launches in Lagos
bPOWERd has launched its first seven battery rental sites in Lagos, Nigeria. The startup offers portable solar-charged batteries for daily rental, starting at ₦1,500 (~$1.11) for a 300Wh unit.
Commercial Bank in East Africa to integrate USDA Payments
Diaspora remittances in Kenya hit a record $5 billion in 2024, becoming a leading source of foreign exchange. The World Bank estimates the global average remittance cost at 6.45%, with Sub-Saharan Africa reaching nearly 8%.
M-KOPA unlocks $22.5 million in credit in South Africa as women drive uptake
M-KOPA has extended over ZAR 370 million ($22.5 million) in credit to low-income consumers in South Africa since 2023. 49% of M-KOPA's 105,000 customers are women, with 36% being first-time smartphone users.
CcHUB launches GATEWAY to train 340,000 Nigerians for global gig work
CcHUB has begun accepting registrations for GATEWAY, a program to train 340,000 young Nigerians in digital skills. The initiative aims to connect participants with gig work opportunities amidst high unemployment rates in Nigeria.
