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

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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Cryptoway: Infrastructure for Accepting Crypto Payments

Cryptoway is a B2B platform for accepting cryptocurrency payments with account management, customer tracking, and transaction status monitoring.

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Backed by Mbappé, French Insurer Alan Buys Senegal's Tanel to Enter Africa

The French digital health insurer Alan, whose backers include football star Kylian Mbappé and technology investor Prosus, has acquired Senegalese digital health coverage provider Tanel, marking the company’s first expansion into Africa

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Uber Winding Down Its Ride-Hailing Operations in Nigeria

Uber Technologies is winding down its ride-hailing operations in Nigeria, marking the end of a 12-year presence in West Africa’s largest market.

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Askya Investment Partners Launches Askya AI Growth Platform

Askya Investment Partners, an African venture capital firm, has announced the launch of the Askya AI Growth Platform, a pan-African programme to scale artificial intelligence startups into enduring, continental-scale enterprises.

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China Willing to Work With Countries in the Middle East to Protect Shipping

Chinese President Xi Jinping said Wednesday that his country was willing to work with countries in the Middle East to protect shipping, Beijing’s state media said, as the US-Iran war upends maritime logistics from the region

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President Trump Suggests Renaming the Strait of Hormuz as “Trump Strait”

US President Donald Trump on Wednesday suggested renaming the Strait of Hormuz as “Trump Strait” despite the fact that the crucial waterway remains contested amid the war with Iran.

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