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The Federal High Court of Ethiopia has issued a ruling to fully release the bank accounts of Kacha Digital Financial Services S.C., a leading fintech company and the country’s first privately licensed mobile money operator. The decision marks a significant development for the company and the broader digital financial services sector. In its ruling, the […]
QTech Games, the leading game aggregator for emerging markets, has appointed Jonny Youssef as Chief Technology Officer (CTO) to lead the next phase of the company’s technology organisation and global expansion. In his new role, Jonny will oversee platform architecture and the engineering organisation, with a focus on scalability, AI-driven capabilities and next‑generation tools to […]
Absa Group, a leading South African financial services provider, has announced a new initiative to include customer gambling spending patterns in its credit risk assessments. This move reflects the bank’s commitment to responsible lending and proactive risk management in response to the growing online gambling activity. The Personal and Private Banking division of Absa has […]
Airtel Nigeria financial arm, SmartCash Payment Service Bank (PSB), has reached a significant milestone of nearly three million active users. The company defines an active user as someone who has transacted within the last 30 days. This is a much stricter standard than the six-month window many traditional banks use. Usage metrics over 60 and […]
The Ethiopian Ministry of Finance has introduced a draft income tax regulation aimed at taxing individuals residing in Ethiopia who earn income through digital platforms, freelance work, or remote employment. This proposed regulation seeks to modernize the country’s tax system by incorporating the rapidly growing gig economy and digital content creation sector into the national […]
Africa’s leading Gaming and Fintech conference and exhibition has announced key details for Africa Gaming Expo (AGE), #AGE2026, reinforcing its position as the continent’s definitive platform for industry dialogue, policy engagement, and investment advancement. Now in its third edition, AGE2026 will convene regulators, gaming operators, fintech innovators, policymakers, technology providers, and investors from Africa and […]
The online gambling industry in South Africa is rapidly escalating and does not exist in isolation. It relies on accommodating regulations and a tax regime that the country’s fragmented legislation provides. This industry preys on a desperate population that clings to the hope of life-changing jackpots. It thrives in a financial system that allows billions […]
The Commercial Bank of Ethiopia (CBE) has intensified its digital transformation efforts with the launch of two major mobile applications, StarPay and CBE Connect, rolled out just a week apart. These closely timed releases signify a strategic initiative by the country’s largest bank to expand its presence in digital finance and support Ethiopia’s Digital Ethiopia […]
NALA CEO Benjamin Fernandes shared in early December 2025 that customers will soon have the capability to settle transactions through a single API, utilizing either local currency or stablecoins. NALA has taken a significant step toward building robust financial systems in East Africa by receiving both Payment Service Provider (PSP) and Payment System Operator (PSO) […]
Safaricom Ethiopia is celebrating a significant milestone with the official launch of M-PESA ለሁሉም (M-PESA LeHulum), a groundbreaking mobile money service that is fully telco-agnostic, allowing every Ethiopian to access digital financial services using any SIM card. This launch marks a transformative moment in Ethiopia’s journey towards digital and financial inclusion. For the first time, […]
