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The Pan-African Payment and Settlement System (PAPSS) is a Pan-African real-time gross settlement (RTGS) infrastructure for cross-border payments in distinct local currencies. It was publicly launched on January 13, 2022 [ 1] by the African Union (AU) and the African Export-Import Bank (Afreximbank) to compliment trading under the African ...
Pan-African digital payments network MFS Africa has raised $100 million in equity and debt, additional funding that takes its Series C round to $200 million. African investment manager Admaius ...
Investor interest in African fintech continues to grab headlines with large fundraises. Today, Africa’s largest digital payments network MFS Africa joins the fray.. The company confirmed to ...
Pan-African digital payments company MFS Africa is acquiring U.S.-based Global Technology Partners (GTP) in a cash-and-shares deal worth $34 million, FT reported today. There are very few deals of ...
Reparations for slavery refers to providing benefits to victims of slavery and/or their descendants. There are concepts for reparations in legal philosophy and reparations in transitional justice. Reparations can take many forms, including practical and financial assistance to the descendants of enslaved people, acknowledgements or apologies to ...
Pan-African payments company MFS Africa led the seed round. There was also participation from firms like DRK Foundation, Equilibria Capital and Segal Family Foundation alongside angel investors.
The red, black and green flag, associated with Pan-Africanism and designed by the UNIA in 1920. Flag of the Arab Islamic Republic, sometimes associated with Pan-Maghrebism. Pan-Africanism is a worldwide movement that aims to encourage and strengthen bonds of solidarity between all indigenous peoples and diasporas of African ancestry.
Today we behold another unicorn: African payments company Flutterwave announced that it has closed $170 million, valuing the company over $1 billion. New York-based private investment firm Avenir ...