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Africa's Markets, Startups & Money Moves — Updated Daily

The Africa PachiPanda Challenge

Applications are open for the Africa PachiPanda Challenge, a joint effort by MTN and WWF to inspire and support innovative solutions addressing pressing environmental challenges across the continent.


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Nigerian Startup ChipMango Raises $1.9 Million Seed Round Funding

Nigerian startup ChipMango has raised a US$1.9 million seed round of funding to expand chip-design operations across Africa, Europe, and the United States (US).

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European Union Joins the U.S.-Led Sanctions Campaign Against Iran

The European Union has formally joined the U.S.-led sanctions campaign against Iran, while South Korea said it’s weighing a military role to help reopen the Strait of Hormuz

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Grey Expands Its Payout Network to Support the Chinese Yuan (CNY) Payout

Cross-border payments platform Grey has expanded its payout network to support the Chinese Yuan (CNY) payout, allowing individuals and businesses across its operating markets to send payments directly in Chinese currency.

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Dangote Refinery IPO Details

Dangote Petroleum Refinery is planning to price shares in its upcoming initial public offering (IPO) at N525 per share, potentially raising about $1.5 billion as the company prepares for what could become Africa’s largest public offering.

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Smart Ring Maker Oura Files to Go Public

Oura, the smart ring maker, has filed to go public. The filing with the Securities and Exchange Commission on Thursday shows that Oura’s revenue has jumped substantially in the past year.

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Why More Businesses Are Accepting USDT for Payments

USDT has become a practical payment option for some online businesses, especially those working with customers in different countries.

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Egypt’s 3C Coding School Closes a $3 Million Seed Funding Round

Egypt’s 3C Coding School, a platform specialising in coding, technology, and artificial intelligence education for children and youth, has closed a US$3 million seed funding round to fuel regional expansion

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Ghanaian Startup Seevcash Secures Funding Through the Stellar Community Fund

Ghanaian startup Seevcash, a remittance and peer-to-peer money transfer platform serving African diaspora communities across Ghana, the US and beyond, has raised US$333,000 in funding through the Stellar Community Fund (SCF)

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Saudi Arabia Announces New Support for Yemen’s Central Bank

Saudi Arabia announced new support for Yemen’s central bank on Thursday as part of efforts to promote economic stability in the country.

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Google is Launching Conversational AI Features

Google is launching conversational AI features within Docs, Gmail, and Keep that let users ask questions about their inboxes and documents as well as do tasks using natural-language queries and dictation.

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Indian Startup Ultrahuman Raises $70 Million in a New Funding Round

Ultrahuman, an Indian startup best known for making smart rings, has raised $70 million in a new funding round that includes backing from Qualcomm’s venture arm, as it looks beyond sleep and health tracking to build a ring

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