Ghanaian fintech startup Affinity Africa has secured $8 million in seed funding to enhance its financial services. With backing from European venture capital firms, the company aims to serve more underserved individuals and micro-businesses. Since its launch, Affinity has onboarded 50,000+ users and disbursed $15 million in loans, strengthening financial inclusion in Ghana.
In a bold move, OpenAI CEO Sam Altman dismissed Elon Musk’s $97.4 billion takeover bid with a witty remark, reinforcing OpenAI’s commitment to independence. The rejection further fuels tensions between the two AI pioneers, who are already entangled in legal disputes over OpenAI’s direction.
In terms of value, we grew by 20.7% to $5.45 billion, and we are now represented in 126 countries. This is a clear indication that Nigeria is making significant progress,” stated Dr. Nonye Ayeni, Executive Director of NEPC.
The Tony Elumelu Foundation Entrepreneurship Programme (2025) supports African entrepreneurs with funding, mentorship, and training. Open to businesses aged 0–5 years, the programme fosters innovation and economic growth across Africa. Apply today!
The Norwegian Refugee Council (NRC) is halting humanitarian aid in nearly 20 countries due to the U.S. government's foreign aid freeze. This decision impacts 1.6 million people globally, including vulnerable communities in Ukraine, Sudan, and Burkina Faso. NRC warns of severe consequences and urges immediate action to restore funding
UACN Plc’s 2024 financial results showcase a remarkable 109% jump in pre-tax profit to N25.8 billion, fueled by a 64% revenue increase. With strong growth in key segments and improved margins, the company remains optimistic but cautious about rising debt levels.
AFC has secured a $400 million Shariah-compliant Murabaha facility, highlighting strong investor confidence and Africa’s growing role in Islamic finance. The oversubscribed transaction attracted major Islamic financial institutions, supporting AFC’s mission to develop critical infrastructure across the continent.
EasyBank, a Tunisia-based fintech startup, has raised $370,000 to drive its expansion into new markets. With AI-powered financial services, the company simplifies banking and enhances accessibility. This investment will accelerate its growth and reinforce its position in the fintech industry.
Cedar Money, a fintech startup leveraging stablecoins for cross-border transactions, secured $9.9 million in seed funding. Led by QED Investors, this funding will enhance payment efficiency and regulatory compliance, particularly in emerging markets.