VC Breega Hits First Close of $75 Million Africa Fund

The Paris-based venture capital firm Breega is setting up a $75 billion fund to invest in early-stage startups in Africa.


Ethiopia Intends to Allow Foreign Lenders to Acquire Local Banks

Ethiopia’s Council of Ministers has approved a bill according to which foreign financial institutions are granted the right to acquire stakes in the banks of this African country.

Fintech & Ecommerce

Mastercard and African Development Bank Group Collaborate to Provide Digital Identities

Mastercard and the African Development Bank Group have formed an alliance to provide access to critical services to 100 million people and businesses in Africa.

Finance & Economics

OpenseedVC Reaches First Close of $10m Fund for Early Stage Startups across Africa and Europe

Female-led OpenseedVC has reached the first close of its $10 million angel-style early-stage fund, hoping to reach the final close within a year.


Norrsken22 Bets on Africa’s Fintech Boom

African technology companies and startups are becoming increasingly attractive to international investors, which is why ignoring them falls into the category of inappropriate and short-sighted decisions.

Science & Technology

Ethiopian Eco Startup Kubik Gets Fresh Funding for Pan-African Growth

Kubik is turning plastic waste into eco-friendly interlocking building materials like bricks, columns, beams and jambs.

Blockchain & Crypto

Why Is Crypto Betting Growing in Africa?

With over 1.2 billion citizens, the African continent is seeing quick growth in both cryptocurrency services and online betting resources. When two of these segments collide, crypto betting emerges as a new popular way for African gamblers to earn money and test their luck.


Where to Buy Crypto in Nigeria 2024

One of the world’s most crypto-keen countries, Nigeria offers its citizens a vast choice of cryptocurrency trading platforms. This article will help you navigate the complex landscape of cryptocurrency companies and startups operating in Nigeria and choose the best service provider according to your needs.


14th Africa Bank 4.0 Summit – Pan Africa

29th & 30th of May 2024 #africanbanksummit Event Link: Event Registration: Download Event Agenda: The 14th Africa Bank 4.0 Summit – Pan Africa is a prestigious international gathering that brings together key stakeholders in the banking and financial industry to explore the latest trends, innovations, and strategies shaping the future of banking in the African region. CONFEX: 29th & […]


11th Edition Connected Banking Summit – East Africa Innovation & Excellence Awards 2024

Crafting the Future of Banking with Inclusion & Digital Evolution The 11th Edition of the Connected Banking Summit– East Africa in Nairobi, Kenya, on March 6th, 2024, is set to bring together global executives, experts, and leaders. Get ready for a gathering of minds in the banking industry!

Fintech & Ecommerce

Top 10 Agri-Fintech Startups in Africa

Global stability largely depends on the food security and prosperity of the population. To reduce poverty levels and provide economic security to the dwellers of rural areas, the agriculture sector needs to be properly financed and get access to quality financial services. Agri-fintech startups serve exactly this purpose. In Africa, the need for agri-fintech services […]

Blockchain & Crypto

Regulatory Challenges Impede Transformation of Web3 in Africa

Jathin Jagannath, a proponent of the development of Cartesi, the consolidated Web3 protocol, said during a conversation with media representatives that the situation of uncertainty in the sphere of regulation is the main obstacle to Africa’s path to an appropriate ecosystem of technologies.

Society & Lifestyle

How Sustainable Building Projects Help Africa Manage Urban Growth

Sustainability is a cornerstone of modern city development. While developed countries around the globe are pursuing net zero emission goals, developing nations in Africa are making efforts to implement sustainable solutions into their rapidly growing urban landscapes.

Fintech & Ecommerce

Qashio and CredibleX to Provide Financing to Businesses in MENA Region

Qashio and CredibleX have established cooperation within the framework of the Middle East and North Africa (MENA) Business Finance Initiative.


Amazon and USAID Distribute 3 Grants to Women-Led Climate Projects in Africa

Amazon-backed Climate Gender Equity Fund (CGEF) has selected the first cohort of women-led organizations focused on advancing gender-equitable climate action in Africa to receive grants for their activities.

Blockchain & Crypto

Yellow Card Introduces PayPalUSD Stablecoin First in Africa

Yellow Card fintech has launched PayPalUSD paving new ways for digital financial transactions between Africa and the United States.

Welcome to PaySpace Magazine, the ultimate destination for staying informed about the most recent financial and payments news from Africa. Our news platform is designed to provide comprehensive coverage of the ever-changing African market, offering valuable insights into crucial areas such as banking, fintech, mobile payments, and more. Explore our content to access the latest trends and innovations, as well as exciting opportunities that are shaping the financial industry in Africa. Join us on this journey as we delve deep into the dynamic landscape of African finance, bringing you all the essential information in one convenient place.