Flutterwave is planning on buying a bank in East Africa. Its chief executive won’t say which one, or where.
Olugbenga Agboola confirmed the acquisition is underway in an interview with The Africa Report, describing it as the opening move in a broader strategy to convert Africa’s most valuable payments company into a licensed financial institution.
“We are currently in the process of acquiring another bank in another country,” he said. “In other markets, I will go and look for partnerships that we can rely on.”
Moove, the Lagos-born mobility company that began by financing cars for ride-hailing drivers, has raised $250 million in a Series C round that values it at $2.1 billion.
The round, led by Abu Dhabi’s Mubadala Investment Company and co-led by Toyota’s Woven Capital and Ion Pacific, marks a decisive pivot: Moove is repositioning itself as the operational backbone of the autonomous vehicle industry, not just a financier of human drivers.
South African commuters can now summon a Bolt ride without opening the Bolt app. Starting this week, the ride-hailing company has made its service accessible through ChatGPT, allowing users to request trips using plain language inside OpenAI’s chatbot.
Seychelles-based startup launches AI-native OS for trade businesses
Egypt’s Fincart raises $2.8m to accelerate regional expansion
We recently launched Labari Data (labaridata.com), a new hub tracking the Ghana and broader African ecosystem — Government Ministries, African events, Data visualisations, African Women in Tech and more, all in one transparent, easy-to-reference place.
It’s part of our ongoing effort to bring more data provenance and clarity to how we cover the ecosystem. Whether you’re an investor, founder, or just tracking the space, there’s something in there for you.
Check it out: labaridata.com
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