Accra to Host 14th AFTS this October, Ghanaian Fintech Nsano Secures Two Licenses in Rwanda, Microsoft to Invest $280M in South Africa, and More
Africa Fintech Summit
The global initiative dedicated to building an ecosystem of investors, pioneers, industry leaders in African Fintech.
What's inside?
& MORE!
Making the News!
Official Press release announcing Accra as the host city of the 14th edition of Africa Fintech Summit
During the 4th Ghana Fintech Awards dinner reception that took place on 01 March 2025, AFTS announced that Accra will be the host city of the 14th Africa Fintech Summit from October 8 to 10, 2025! On March 06, 2025, AFTS issued an official press release regarding AFTSACCRA25 with further details. Read the press release HERE.
Following the announcement, several Ghanaian media outlets have covered the story, citing it as a welcome development:?
South Africa?- Microsoft Invests $280M in South Africa
Microsoft is making a major push into Africa’s digital economy with a ZAR 5.4 billion ($280 million) investment in cloud infrastructure and AI skilling programs in South Africa, read more HERE.
Nigeria?-?Bridging the seed and Series A gap
LoftyInc Capital, a major early-stage investor in Africa - known for early bets on unicorns like Flutterwave, Andela, and Wave, has reached a first close of $43M for its third fund focusing on Seed and Series A rounds. The fund will support high-growth startups across sectors like fintech, healthtech, and logistics, as TechCrunch has reported.?
Africa?-?Leading the world with Mobile Money
Africa’s mobile payments revolution is no longer just “disruptive”—it’s setting the standard for the rest of the world.?From M-Pesa to cross-border instant payments, fintech innovation in Africa continues to lead the global conversation. How integrated is MoMo in a typical day?of someone in Africa? Read HERE.?
Visualization of the Week
The Fintech & Innovation Office of Bank of?Ghana issues quarterly updates of the Fintech ecosystem in Ghana. The Q3/2024 report provides some insights into the Mobile Money economy in Ghana, which is the visualization for this week!?
Featured Read
A Deep Dive Into 2024 Fintech Investment?- The Global Finance & Technology Network(GFTN) has issued a report entitled "???????????? ?????????????? ?????????????????? ????????" that provided valuable insights into the Fintech ecosystem in Africa including the regional comparisons of Fintech investment as shown below.?
Banking & Telcom Activity
Kenya: Boasting World's Deepest Inland Submarine Cable
Africa has now one additional accolade in the form of the world's deepest inland submarine cable unveiled by?Africa’s digital infrastructure firm BCS Group.?The Lake Tanganyika submarine cable spans an impressive 400 kilometers, reaching depths of 800 to 1,300 meters beneath the surface of Africa’s longest and the world’s second-deepest lake. Read more at the Kenyan Wall Street.?
Startup Activity
Ghana/Rwanda - Ghana-based pan-African Fintech company, Nsano Ltd has officially opened its East Africa regional office in Rwanda. This comes after the company was granted both the Payment Aggregation and Payment Remittances Service Licenses (Category II and III) by the National Bank of Rwanda.
AFTS Community Activity
East Africa - Embracing PAPSS, Accelerating trade under AfCFTA
The week has seen Kenyan bank KCG Group and Bank of Kigali in Rwanda join PAPSS,?enabling seamless and affordable cross-border payments across Africa.?The launches, by the Bank of Kigali in Kigali on 26th February and KCB in Nairobi on 27th February, made the two banks the first in their respective countries to integrate the transformative system into their operations, underscoring their commitment to championing intra-African trade and supporting the efforts of the AfCFTA. Read more HERE.?
2025?Startup Funding to Date - WeeTracker
Amplify your brand, services and products at the 13th AFTSDC2025 taking place in Washington DC on 24 April 2025
Reach Out to us at [email protected] to discuss sponsorship & partnership opportunities!?
Flashback from Ghana Fintech Awards & AFTS Announcement in Accra on 01 March!?
Office Assistant at AMMBANIGERIA
3 天前Amazing