The conflict emerged as Kenyan e-commerce giant Twiga transitioned from high growth to profitability, leading to payment delays on a three-year $3 million cloud services contract.
Pivo, a Nigerian supply chain fintech, has shut down. The Y Combinator-backed startup has ceased operations a year after securing a $2 million seed round.
Delegates from 36 African countries have been invited to Moscow next month to pitch digital services to Russian investors as part of a project affiliated with Russia's NIDF where Putin’s daughter, Katerina Tikhonova, is the general director.More in #TCDaily.
Remittance startup LemFi has halted its operations in Ghana one week after the Bank of Ghana identified it as one of eight fintechs operating without the necessary regulatory approvals.More in #TCDaily.