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OPay priced its IPO and pulled it hours later. Bloomberg says the inquiry came from Chinese regulators, though it has no operations or revenue there. The link is the founder.
List abroad and every regulator with a hold on your founders and big shareholders is part of the listing
List abroad and every regulator with a hold on your founders and big shareholders is part of the listing
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seed to Series C, $500k to $10m cheques, and up to 30% can go outside Egypt. a fintech focused fund getting a final close done in this market is good news for anyone building payments on the continent x.com/DisruptAfrica/…
Egypt’s Nclude fund hits US$112m final close under DPI Venture Capital disruptafrica.com/2026/11/02/egy…
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TLP Advisory looked at 100 African tech companies that went abroad.
US: 67% have a tie, but 81% of those are only incorporated there. 3% licensed.
UK: 84% incorporated, 47% operating, 19% licensed.
Delaware is for investors. The UK is where people get licensed and actually sell
US: 67% have a tie, but 81% of those are only incorporated there. 3% licensed.
UK: 84% incorporated, 47% operating, 19% licensed.
Delaware is for investors. The UK is where people get licensed and actually sell
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Chainalysis has bitcoin at about 2% of Kenya's crypto volume. So this is basically dollars on a different rail, used by businesses paying for imports. that's a payments story more than a crypto one x.com/moneyacademyKE…
Kenyans transacted Sh740 billion worth of cryptocurrencies in the year to June 2026, up 38% from the previous year.
Growth was driven by cross-border payments, remittances and foreign trade, with businesses using stablecoins for imports and international transfers.
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Five public universities and a teaching hospital are on this list. UniPort and its hospital alone are 21.4MW, about two fifths of the H1 total.
The grid needs its big paying customers to fund fixes, and those are the ones leaving. Whoever is left pays more x.com/BusinessDayNg/…
The grid needs its big paying customers to fund fixes, and those are the ones leaving. Whoever is left pays more x.com/BusinessDayNg/…
BUA Cement, Nigerian Breweries and at least eight other companies have secured permits to generate their own electricity in the first half of the year as the electricity crisis in Africa’s most populous nation continues to bite into...
Read more: businessday.ng/energy/article…
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On 28 Oct the DMO took ₦71bn out of ₦1.9trn bid for T-bills, and turned down 1-year bids as high as 18.24%. They just won't pay up anymore. Knock-on is FMDA has banking system liquidity up 56.75% to ₦7.37trn in October. That's a lot of naira looking for somewhere to go x.com/Nairametrics/s…
Nigeria’s government securities auction allotments declined by 55.86% to N9.501 trillion in October 2026 from N21.527 trillion in September, as demand ratios weakened and monetary authorities left substantial investor bids unallotted.
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India's RBI and FIU are reportedly looking into offshore crypto cards like RedotPay.
You keep stablecoins in a wallet held abroad, pay with a Visa or Mastercard in India, and the shop gets rupees like it would from any debit card. No Indian bank ever sees whose money it was.
RedotPay had already listed India as unsupported back in August. Some users are now seeing their cards deactivated.
If you build cross-border, assume the country where the money gets spent will eventually ask who you are. Have the answer ready before they do
You keep stablecoins in a wallet held abroad, pay with a Visa or Mastercard in India, and the shop gets rupees like it would from any debit card. No Indian bank ever sees whose money it was.
RedotPay had already listed India as unsupported back in August. Some users are now seeing their cards deactivated.
If you build cross-border, assume the country where the money gets spent will eventually ask who you are. Have the answer ready before they do
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About $400m of this is for Fiddler, which basically tells you what your AI agent did and why. Enterprises will pay more to explain an agent than to make it smarter x.com/IPONewsroom_/s…
CROWDSTRIKE IS BUYING AI SECURITY STARTUPS FIDDLER AND DREADNODE FOR A COMBINED $495 MILLION
CrowdStrike signed a definitive agreement to acquire Fiddler AI, which monitors and explains what AI agents do. It's also buying Dreadnode, which stress-tests AI systems, The Wall Street Fiddler deal:
• Paid mainly in cash, with a portion in stock subject to vesting
• Expected to close in CrowdStrike's fiscal fourth quarter, which ends in January
"Fiddler is the flight recorder for every agent," CEO George Kurtz said.
Dreadnode raised a $14 million Series A in February 2025 from investors including Decibel, In-Q-Tel and Sands Capital, per The Wall Street Journal, CrowdStrike and SecurityWeek.
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Stablecoins aren't automatically cheaper. IMF priced 4,005 routes in 270 corridors, a $200 send averages about 2.18%, and the cheapest traditional provider still won about a third of comparable corridors. The chain is cheap. Getting in and out of it isn't
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The mix is the part to watch. Nigerian grades fell from 87% to 80% of receipts in one month and WTI was 140k bpd of it. Every US cargo is dollars leaving, which eats into the FX saving local refining is supposed to bring x.com/BusinessDayNg/…
Crude deliveries to Nigeria’s Dangote refinery climbed to a record 735,000 barrels a day in October, the second consecutive monthly high, as the Lekki plant continued to run above its stated capacity of 700,000 barrels a day, according to...
Read more: businessday.ng/energy/article…
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CBN has cut the policy rate from 27.5% to 23% in 13 months. Prime lending rates still rose in 8 of 11 sectors from Aug 2025 to Oct 2026 (Vanguard, from CBN data). Some of that is lag. But with 45% of deposits held at CBN as cash reserve, cheaper loans were always going to trail.
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Pre-seed isn't the hard round in Africa. The next one is. Madica's companies raising 2x what it put in on average is the stat I wish more funds published x.com/DisruptAfrica/…
Madica secures $6m from Flourish Ventures to extend African pre-seed investment pilot disruptafrica.com/2026/10/29/mad…
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Six hours to five minutes on SAR reports, and now reviewers trust it so much they plant fake mistakes just to stay alert. Nobody planned for the humans getting lazy x.com/FintechSIN/sta…
99% of companies plan to put AI agents into production, yet only 11% have done so. GFTN and Zühlke’s latest report explains what’s holding banks back.
Read here: fintechnews.sg/138130/ai/agen…
#fintech #AI #banking #agenticAI
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JPMorgan got approval-in-principle from CBN on 23 Oct for a merchant bank in Nigeria. A lot of people are reading it as JPMorgan has launched. It hasn't yet, and the gap between AIP and a full licence is worth knowing if you build anything regulated 🧵
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Merchant banks also keep a lot less locked up at CBN. The cash reserve requirement is 16% for merchant banks against 45% for commercial banks. If you want corporate finance and advisory, not retail accounts, that's an easy choice.
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So if you sell to big corporates, that's one more bank that can raise capital and advise them. If you run a small business, a JPMorgan account isn't coming your way any time soon. Their West Africa MD, Adedapo Olagunju, is leading it.
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Without EBRD and IFC the private book was still about 19.8x oversubscribed, so they weren't rescuing the float. Their $200m came with BdC undertakings on governance and internal policies. That's the part that changes how a state bank runs x.com/MwangoCapital/…
Egypt's Banque du Caire has completed its IPO, listing 45% of its shares on the Egyptian Exchange (EGX) as part of the country's privatisation programme.
The EBRD acquired a 6.9% stake for USD 100M, while the IFC invested another USD 100M, bringing their combined investment to ire was Egypt's fourth-largest bank by assets as of June 2026, excluding two other state-owned banks, with the EBRD investment targeting stronger corporate governance, digitalisation, cybersecurity, climate risk management & SME financing.
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Banks settle these with each other in central bank money, 24/7, over HKMA's EnsembleTX. That's the always-on money corporates were told they needed stablecoins for, and it stays a deposit. The other end of a cross-border payment still keeps banking hours sha x.com/FirstSquawk/st…
STANDARD CHARTERED LAUNCHES TOKENIZED DEPOSITS IN HONG KONG
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