A country in East Africa known for its diverse wildlife and natural landscapes, but currently facing political unrest and internet censorship.
Tanzania Enforces Ban on Foreign-Owned Fintechs in Mobile Money Sector
The Tanzanian government issued a directive banning foreign-owned fintechs from the mobile money sector. Government Notice №487A outlines a ban on non-citizens engaging in 15 specific business activities, including mobile money transfers.
Kenya to roll out national crypto policy and VASP bill
Kenya's government is embracing Bitcoin and blockchain technology, signaling a shift towards a digital economy. Cabinet Secretary William Kabogo announced plans for a National Policy on Virtual Assets and a Virtual Asset Service Providers Bill in Kenya.
Tanzania, East Africa’s next startup powerhouse, is heating up
Tanzania raised nearly $300 million for startups since 2019, becoming one of the top 10 investment destinations in Africa. In 2024, Tanzania's startup funding totaled $53 million, marking a significant increase from $25 million in 2023.
PalmPay Eyes Up to $100M in Fresh Funding as it Pushes Beyond Nigeria
PalmPay is in talks to raise between $50M and $100M in a Series B funding round. The company has already raised nearly $140M in previous funding rounds.
