Mobile Money Hits 2 Billion Accounts and $1.68T in Transactions
Plus: MTN gears up to launch streaming platform and Africa launches AI declaration
A new GSMA report reveals mobile money surpassed 2 billion registered accounts and over 500 million monthly active users in 2024 — doubling its reach in just five years.
In The News This Week:
NVIDIA, Cassava Technologies’ AI Factory Could Cost Up to $720 Million
Cassava Technologies may invest up to $720 million to build Africa’s first artificial intelligence factory — powered by Nvidia — as the continent races to catch up in the global AI race.
MTN Partners with Synamedia To Launch Streaming Platform
MTN Group, South Africa’s telecom heavyweight, is joining forces with UK-based Synamedia to launch a new streaming platform, doubling down on its pivot to become a tech leader in Africa.
Africa Launches Landmark AI Declaration at Global Summit in Kigali
At the Global AI Summit in Kigali, African nations unveiled a bold new declaration aimed at shaping the future of artificial intelligence (AI) on the continent.
The Africa Declaration on Artificial Intelligence outlines a shared commitment to align national strategies with broader continental goals, protect data sovereignty, build digital infrastructure, and foster sustainable AI innovation.
In the rest of the news (ICYMI):
The Labari Journal Launches with Focus on In-Depth African Reporting
Mozambique Partners with AFD Bank To Launch Drones to Boost Disaster Preparedness
Only 37% of Ghanaian Businesses Use Digital Payments, New Report Finds
SIM Re-registration in June to Go Fully Online – Ghana Communication Minister
Africa Ecosystem Activity
Applications open for 7th annual $160k GoGettaz Agripreneur Prize Competition
African tech funding remains stagnant as 55 startups raise $284m in Q1 2025
Egyptian fintech startup ADVA acquired by Abu Dhabi-based Maseera
Kenyan tourism-focused venture studio Purple Elephant Ventures tops up seed round to $5m
Kenya’s Umba raises $5m debt financing to expand digital banking operations