MILESTONE | Egyptian BNPL Fintech, Fawry, Disburses Over 1 Billion Egyptian Pounds and Crosses 10 Million Downloads One Year After Launch

Egyptian fintech, Fawry, has announced that its Buy Now, Pay Later (BNPL) business has surpassed EGP 1 billion ($20.57 million) in total disbursements as of September 2024. The milestone, which…

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BITCOIN | Samara Asset Group Plans €30 Million Nordic Bond to Expand LP Stakes and Boost Bitcoin Holdings

Samara Asset Group (ISIN: MT0001770107; Ticker: SRAG:GR) has announced its collaboration with Pareto Securities, appointed as the Sole Manager, to kick off a series of fixed income investor meetings. This…

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FUNDING | Ugandan Agent Banking Fintech Secures Investment After Crossing 20,000 Enrolled Agents

Agent Banking Company (ABC), a Ugandan fintech has received an undisclosed investment from Goodwell Investments. The investment, derived from Goodwell’s €150 million uMunthu II Fund, will help ABC expand its…

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PARTNERSHIPS | South African Web3 Gaming Publisher, Carry1st, Expands to Offer Music Streaming Payments with AudioMack for its African Customers

South African gaming payments startup, Carry1st, has entered into a partnership with AudioMack, enabling Audiomack’s customers in Africa to purchase subscriptions to stream music using local payment methods. Renowned for…

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TAXATION | Kenya to Designate All Digital Payment TouchPoints as Virtual Tax Receipts Increasing Tax Payers by Over 10x

According to local reports, the Kenyan government has announced a new policy that will designate all digital payment systems as virtual electronic tax receipts (ETR) systems starting December 25 2024.…

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LIST | Cairo, Egypt Leads Africa in the Number of Individuals with Atleast $100 Million in Liquid Assets

There are currently 29,350 individuals worldwide with liquid investable assets of $100 million or more, says the Centi-Millionaire 2024 Report 2024. These individuals, referred to as centi-millionaires, have grown by…

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REGULATION | South Africa’s Ovex is the First Crypto Exchange to Receive a Notice of Forfeiture from the Central Bank

In a first, the South Africa Reserve Bank (SARB) has issued a forfeiture notice to a local crypto exchange. According to a local media outlet, SARB issued a notice of forfeiture…

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