Total 178 Posts
Confirmed: Visa be buying a 20% stake in Nigeria's Interswitch, a company focussed on the digitisation of payments in Nigeria and other countries in Africa, for $20 million, valuing the FinTech giant at $1 billion.
Visa is looking to buy 20% of Nigerian FinTech giant, Interswitch, for $200 million. This is in anticipation of Interswitch's IPO on the London Stock Exchange in 2020.
Nigerian FinTech company, Interswitch, has acquired a Nigerian HealthTech company, e-Clat. The acquisition sounds sensible in that it will allow for integration of Interswitch's payments technology into e-Clat's technology offering to health service providers.
Africa is generally plagued by many problems, key among them being poverty. However, the continent has great potential. Here are a few key factors that hold the promise of a better future for Africa.
AfriLabs, the largest pan-African network of technology and innovation hubs has admitted 20 new hubs to its network. This expands the AfriLabs membership strength to an amazing 174 hubs in 45 countries across all the regions of Africa.
In his new tell-all book, Chasing Black Unicorns, Marek Zmyslowski sets the record straight on some of the controversy that followed him when running an online travel startup in Nigeria. He also writes about some of the lessons learned as a tech entrepreneur targeting African markets.
When Andela announced that it was shifting its focus to acquiring senior software engineering talent as a result of some business realignment, it was not surprising. People on the ground had noticed the trend months earlier.