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In a rapidly digitizing world, financial and economic inclusion remain significant challenges, especially in Africa. However, there’s immense potential to use data as a tool to close this gap and promote economic and financial inclusion.
Mukuru is one of the oldest fintech companies in South Africa

TymeBank, a South African neobank, has surpassed 10 million customers in under 6 years and became profitable in December 2023. It focuses on SME lending, hybrid banking, and is expanding internationally, with plans for a public listing in 2028.

Liquid staking allows cryptocurrency holders to lock assets while still accessing liquidity through tokenized representations of staked assets. Marinade Finance exemplifies this, enabling users to earn staking rewards and engage in DeFi with liquid tokens.

P1 Ventures has secured $35 million in the second close of its fund, aiming for $50 million, to expand into Dakar and Nairobi. Partnering with the IFC, they aim to boost early-stage African tech startups in sectors like AI-powered SaaS.

Safaricom's Ziidi Money Market Fund has quickly amassed $22.03 million within a month of its launch, attracting over 450,000 users. The fund allows M-PESA customers to invest from KES 100, promoting financial inclusion and savings among Kenyans.

Alchemy Pay has partnered with Yellow Card to enhance its on-ramp product for crypto transactions across Africa. This collaboration offers smoother payment options, lower fees, and improved success rates, making it easier for users in several African countries to purchase cryptocurrency using local currencies.

Carry1st, Africa’s leading game publisher, introduces EA SPORTS FC™ Mobile top-ups on the Carry1st Shop, in a partnership with Electronic Arts Inc. (EA), the global leader in digital interactive entertainment.
Gamers are now able to recharge their FC Points and Silver in local currency and use the

IR4LAB plans to expand into Africa, focusing on innovation in blockchain and AI, as announced at Gitex Africa. The company aims to enhance the continent's digital economy and local capabilities, showcasing blockchain applications in industrial inspection and maintenance.

The FTX Recovery Trust has withdrawn its motion to limit creditor payouts in specific foreign jurisdictions, including China. This decision offers hope for creditors, though challenges and potential losses remain, emphasizing the complexity of crypto asset recoveries.

The Senegalese government has canceled its agreement with Akon for his $6 billion smart city project due to unmet obligations and construction delays. Originally announced in 2018, the initiative aimed to create a renewable energy-powered city but saw little progress, raising concerns among locals.