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News

Julaya Receives BCEAO Electronic Money Institution License in Cote d'Ivoire

Cote d'Ivoire-based B2B payment platform Julaya has received an electronic money institution license from the Central Ba...

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African Development Bank to Invest USD 58 Million in Eritrea Clean Electricity Expansion

The African Development Bank Group has announced a USD 58 million investment to expand clean electricity access and supp...

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Mini-Grid Developers Warn Mission 300 Target at Risk Without Faster Reforms

Key players in Africa's mini-grid sector have warned that the Mission 300 electrification initiative risks missing its 2...

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Kuda Bank Upgraded to National Operating Banking License in Nigeria

The Central Bank of Nigeria has upgraded Kuda Microfinance Bank to a full national operating banking license, placing th...

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Nigeria's FCCPC Advances Digital Consumer Lending Rules Covering BNPL and Online Credit Providers

The Federal Competition and Consumer Protection Commission has advanced its Digital, Electronic, Online, or Non-Traditio...

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Chari Closes USD 12 Million Series A, Becomes First VC-Backed Moroccan Company with Payment Institution License

Moroccan B2B e-commerce and fintech operator Chari has closed a USD 12 million Series A round, the largest ever raised b...

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Mauritania Signs USD 300 Million Hybrid Solar-Wind IPP Deal Under AfDB Desert to Power Initiative

The Government of Mauritania has signed a USD 300 million independent power producer agreement for a hybrid solar-wind p...

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Seventeen African Countries Launch National Energy Compacts at UN General Assembly

At the United Nations General Assembly in September 2025, seventeen additional African countries unveiled their National...

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Sun King Closes USD 156 Million Kenya Securitization, Largest Off-Grid Solar Financing in Africa to Date

Solar home systems operator Sun King has closed a USD 156 million securitization deal with Citi to fund expansion of its...

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Flutterwave Obtains Payment Institution License in Senegal

Pan-African payment infrastructure company Flutterwave has received authorization from Senegalese regulators to operate ...

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African Development Bank Launches Electricity Regulatory Index 2024 at Africa Energy Forum in Cape Town

The African Development Bank used its presence at the 27th African Energy Forum to launch its flagship Electricity Regul...

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African Leaders Endorse Dar es Salaam Declaration at Mission 300 Africa Energy Summit

Twelve African governments unveiled National Energy Compacts at the Mission 300 Africa Energy Summit in Dar es Salaam, c...