2024 Startup Graveyard Report: Governance Gaps Contribute to High Failure Rates in Africa’s Startups
58 percent of startups fail due to financial difficulties. 27 percent fail due to operational issues.
Verve expands global reach with Temu, challenging Jumia’s stronghold
Verve cardholders can now shop on Temu and pay in local currencies. This partnership simplifies cross-border transactions for African shoppers.
Reinvention in Business: Lessons from Sterling Bank’s Transformation
Sterling Bank underwent a complete transformation, restructuring its core banking model and embedding technology into operations. The bank embraced a digital-first approach in 2019, integrating fintech solutions to stay competitive.
Condia Insider: Is Africa ready for contactless payment?
Nigeria's Access Bank partnered with Visa to launch Tap to Phone, enabling merchants to accept payments via NFC-enabled Android phones. Interswitch collaborated with Tuma to introduce a contactless payment system in Kenya.
Carbon resumes issuance of debit cards in partnership with Verve
Carbon has partnered with Verve to resume issuing debit cards after a nine-month pause. The startup previously issued Visa cards but ended that partnership due to high costs.
