- Kenyan High Court exempts fintech companies from paying VAT on payment services, overturning a previous ruling against Pesapal.
- Ghana plans to merge Telecel and AirtelTigo to challenge MTN’s telecom dominance, supported by a USD 600 million investment.
- Tanzanian fintech NALA partners with Equity Bank and Pesalink to expand into Kenya, enhancing real-time international transfers.
- Licensed digital lenders in Kenya have disbursed 5.5 million loans worth USD 594 million over three years, with 27 new providers licensed.
- Moroccan startup Ora Technologies acquires Cathedis to control e-commerce logistics, reflecting a trend of market consolidation.
- Bank of Ghana suspends remittance licenses of eight companies, including Flutterwave, for guideline breaches, affecting UBA Ghana as well.
- Koolboks secures USD 11 million to expand its solar-powered freezer business in Africa, planning a new assembly plant in Nigeria.
- South African edtech startup The Invigilator raises USD 11 million to scale its AI-powered assessment monitoring software globally.
Source: tanzaniatimes.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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