Commerce

Fintech Nomanini raises US$4mn in funding round led by Standard Bank

retail tradeNomanini, the fintech platform for the informal retail ecosystem, has announced a US$4mn funding round led by Standard Bank, Africa’s largest bank, and completed by Goodwell Investments, an Amsterdam-based investment firm focused on fintech and financial inclusion

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Ethiopia to cooperate with Alibaba to promote digital economy

45479956185 3cded77539 zThe Ethiopian Ministry of Innovation and Technology has announced a cooperation with Chinese e-commerce giant Alibaba Group to grow its digital economy

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MTN Nigeria to offer financial services

24066268824 5424e3d1dc zTelecom operator MTN Nigeria Communications PLC has been granted permission to offer financial services by Nigeria’s central bank

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Lamar Holding invests US$1mn in Nigeria’s fintech firm

44876336075 fa74bbfb2f zLamar Holding, the Bahrain-based energy investment company, has announced that it has invested US$1mn in Nigerian payment application development company, TechAdvance

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Sub-Saharan Africa all set to rise as a fintech hub

Mike Smits 2Sub-Saharan Africa has the potential to emerge as a fintech hub, providing solutions to millions of unbanked population

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