BitKE

Four traders on Polymarket profited $663,000 by betting on a ceasefire between the US and Iran, raising speculation of insider trading due to the timing of their bets before the official announcement.

Thirty startups have been chosen as finalists in the 2025 Latitude59 Kenya Pitch Competition from 222 applications. These startups will receive training before the final live pitch in Nairobi from December 3-5, 2025.

MTN's MoMo and JUMO have launched QwikLoan, a service offering low-interest, short-term loans to South African consumers. Accessible via the MoMo app or USSD, it aims to foster financial inclusion and support entrepreneurs.

Grassroots Economics is transitioning its Sarafu Network to the Celo blockchain to enhance its community inclusion currency model in Africa. The move promises improved user experience, migration support, and continued free access, all while maintaining alignment with humanitarian values.

The CMA of Kenya highlights that many crypto startups create solutions for non-existent problems, hindering their growth. They also face challenges in classification and regulation due to novelty and cross-border issues, but the regulatory sandbox offers a testing ground for innovative ideas.

The Acting Governor of Nigeria's Central Bank announced plans to enhance eNaira adoption through new features like NFC support and improved programmability. Despite reaching 13 million eWallets since its 2021 launch, usage remains low, with the IMF urging better integration with mobile money systems to boost efficiency and attract investment.

Mauritius will pilot its digital Rupee in November 2023, as announced by Governor Harvesh Kumar Seegolam. The Central Bank Digital Currency (CBDC) aims to enhance monetary policy and financial stability while involving commercial banks.

6DOT50, a South African fintech startup, collaborates with BTS and Serti Solutions to facilitate cryptocurrency car purchases at over 1,400 dealerships. Users can transact with various cryptocurrencies while overcoming volatility risks through digital vouchers linked to bank accounts.

Leading Nigerian fintech, MoniePoint, has raised $110 million in Series C funding led by Development Partners International’s African Development Partners (ADP) III fund to accelerate its growth across Africa.
Other participants in the round include:
African private equity firm Verod Capital,

Egyptian fintech startup DoPay has secured $13.5 million in Series A extension funding to enhance its digital payroll platform for unbanked workers. This funding will support expansion in Egypt, promote financial inclusion, and launch new services.