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Tanzanian Supply Chain Startup, Ramani, Closes $32M Series A Funding – Acquires Lending License From the Bank of Tanzania

Tanzanian startup Ramani has raised $32 million in a series A funding round to enhance its supply chain management software, aiming to improve data transparency and financial access across Africa's $1 trillion consumer goods market.
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Kenya’s Safaricom Looks to Book $36 Million Idle Loyalty Points

Safaricom has set a three-year expiration for its loyalty points program, aiming to motivate customers to redeem $36 million in unclaimed points. Users can exchange points for airtime, texts, and even plane tickets, but many remain unused despite the enhancements in redeemable options.
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INTRODUCING | Telegram Introduces Ad Revenue Sharing for Channel Owners via TonCoin Payments Starting in March 2024

Telegram is integrating TonCoin as a payment tool for ad revenue sharing, allowing channel owners to earn 50% from ads displayed, starting March 2024. This move aims to enhance monetization by utilizing the TON blockchain for secure transactions.
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South Africa’s Lulalend Raises $35 Million Series B Round to Expand its Loan Volume Offerings to SMEs

Lulalend, a South African fintech focusing on digital lending for small businesses, raised $35 million in Series B funding to expand operations and address local credit deficits, especially for female-led SMEs.
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LIST | Canza Finance Becomes the Only African Project To Be Accepted into the Inaugural CoinMarketCap Labs Accelerator Program So Far

Canza Finance has been selected as an incubatee in CoinMarketCap's CMC Labs accelerator program, focusing on creating an on-chain FX platform for African currencies. The program aims to support innovative financial solutions in emerging markets.
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BITCOIN | Ethiopia Emerges as a Global Bitcoin Mining Hub – Key Takeaways from UMINERS’ AMA

Ethiopia is stepping into the global spotlight for Bitcoin mining, becoming the first African country to support large-scale, state-backed operations. With the government signing agreements with 21 mining firms in 2024 – including UMINERS — the country is positioning itself as a major player in the
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LAUNCH | Telegram Wallet Bot Launches Pilot in Kenya, South Africa, with More Countries to Follow in 2024

The Wallet cryptocurrency trading bot is launching globally on Telegram in select countries in Latin America and Africa, promoting accessible crypto trading. TOP plans to expand Wallet’s reach worldwide by mid-2024.
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ACQUISITION | South African Fintech, Ukheshe, Acquires EFT Corp to Modernize and Digitize its Traditional Payment System

Ukheshe, a South African fintech, has acquired EFT Corporation Limited from Loita Transaction Services, following its 2022 MasterPass acquisition and a 2023 partnership with Development Partners International.
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Chipper Cash to Acquire Zambian Agency Fintech, Zoona, in First Major Acquisition

Chipper Cash plans to acquire Zambian financial services company Zoona to expand its operations across Africa. The merger aims to enhance payment and remittance services, benefiting from Zoona's extensive agent network and complementary products.
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