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Two private companies have announced they are piloting a Ugandan Shilling (UGX) Central Bank Digital Currency (CBDC). The partnership is between:

Global Settlement Network (GSN) – pioneers blockchain infrastructure that powers secure, compliant, and interoperable digital asset ecosystems. Its p

AgriDex, a South African marketplace for real-world assets, raised $9 million to enhance its on-chain agricultural trades, handling commodities with instant settlements and low fees, targeting a $4.5 billion market and projecting $133 million in profits by 2028.

Thepeer, a Nigerian API startup that raised $2.1 million in 2022, has shut down operations due to growth challenges and compliance issues, despite aiming to connect over 400 fintech companies for seamless payment processing.

KotaniPay is one of 10 startups that have made it past a list of 17,000 applicants drawn from 50 countries that applied to the Africa Digital Innovation Competition for African Startups.
The competition was put together by the U.S. Chamber of Commerce’s US – Africa Business Center and intends to

Techstars, recently recognized as the most active startup investor on the continent, has unveiled the 12 startups selected for the second cohort of its innovation program based in Lagos, Nigeria, conducted in collaboration with

Paymob, a fintech leader in MENA and Pakistan, has secured a retail payment services license from the UAE's Central Bank, enhancing its regional footprint. Fueled by a $72 million funding round, Paymob aims to support over 350,000 merchants with diverse payment solutions and financial services.