BitKE

Madica, a Flourish Ventures initiative, aims to invest in 30 pre-seed African startups over three years, focusing on underrepresented founders. With $6 million allocated, it offers $200,000 investments and personalized support to eligible ventures.

Jumia shares dropped 14% following the New York Stock Exchange (NYSE) news that co-founders, Sacha Poignonnec and Jeremy Hodara, were leaving the company.
The company stock is currently 71% down from its IPO opening price of $14.95, eliminating 75% gains post-IPO Jumia, which became the first

Anchor, launched in August 2022, raised over $1 million in pre-seed funding. Its API tools help businesses create financial products. With 40+ on a waitlist and 200% monthly growth, Anchor aims to simplify fintech in Africa.

Base, Coinbase's Ethereum layer-2 blockchain, launches an eight-week course for mid to senior software developers to transition into blockchain developers. The program features mentorship, access to engineers, collaboration tools, and a comprehensive curriculum, aiming to grow on-chain development. Applications for cohort 4 close on December 15, 2023.

Paga, a Nigerian digital bank, has partnered with Visa to launch virtual and physical cards for over 17 million users. The cards allow online and in-store payments, real-time funding, and unique payment links, enhancing financial services in Nigeria.

West Data Group is constructing a 20MW Bitcoin mining facility in Wolaita Sodo, Ethiopia, with a $15 million investment. Set to operate in six months, it will feature 6,000 mining units, leveraging the country's renewable energy resources.

The FCCPC has registered 211 loan apps in Nigeria, with 172 receiving full approval. Despite steps to regulate digital lending, new unethical practices persist, prompting increased scrutiny and the delisting of 45 apps from the Play Store.

Safaricom and the Kenya Bankers Association are proposing to integrate M-PESA with the PesaLink interbank payment system to enhance financial transactions in Kenya. This integration would allow seamless transfers between mobile wallets and bank accounts, addressing current limitations and fostering a more interconnected financial ecosystem.

Tether reported a record $13 billion profit in 2024, bolstered by a $113 billion U.S. Treasury portfolio and $45 billion in USDT issued. The company's growth highlights its significant role in the digital asset space, especially in emerging markets.

Andreessen Horowitz 已筹集超过 $15 亿美元，用于支持美国未来的关键技术，重点关注人工智能和加密货币，以保持美国的领导地位。该公司旨在投资创新型初创企业，同时将这些技术整合到各个行业中。

The South African Reserve Bank's Digital Payments Roadmap reveals a shift towards cashless payments post-pandemic, with increasing adoption of PayShap among consumers. Factors driving this change include distrust in banks, rising transaction costs, and the need for instant, convenient payment solutions.