Zenith Bank has announced a 20% salary increase for its nearly 10,000 employees, effective January 2025.
Accrue, a Nigerian fintech startup, has raised $1.58 million in seed funding led by Lattice Fund. Originally launched as a crypto investment platform, Accrue pivoted to address cross-border payment challenges in Africa.
MoneyHash, an Egyptian fintech innovator, has secured $5.2 million in pre-Series A funding to expand its operations across the MENA region. By offering a unified API that simplifies payment management for businesses, the startup is addressing the challenges of fragmented payment systems. With backing from prominent investors, MoneyHash is poised to revolutionize how merchants streamline payments and combat fraud.
Healthtech startups are redefining healthcare in Africa, addressing critical challenges and improving access to medical services. With increasing mobile penetration enabling telemedicine and e-health solutions, companies like Helium Health and mPharma are bridging gaps in underserved regions.
South African insurtech company Naked has raised $38 million in a Series B2 funding round led by BlueOrchard, with strong support from existing investors like Hollard and the IFC.
