What’s happened this Week:

• Nigeria rolls out online portal for Startup Act

• Fuse announces $10 million grant for Web3 innovators

• and more!

LemFi, a remittance startup platform, has suspended its remittance services to Ghana.

The Bank of Ghana (BoG) recently announced that remittance companies including Wis and Zeepay had violated its rules and were therefore suspended from operating in the country. Wise put out an official statement suspending its services.

This week, LemFi also announced that it was suspending its services as well.

Other companies including XOOM, LemFi, TransferGo, Sendvalu, Boss Revolution, BTC-Aza Finance, and Supersonicz were also suspended by BOG.

In The News This Week:

Nigeria Gets Closer To Implementing Its Startup Act With the Launch of a Startup Support and Engagement Portal

Nigeria has launched a Startup Support and Engagement Portal which is a key requirement for the implementation of the Nigeria Startup Act. 

MEST Announces 2023 MEST Africa Challenge Regional Finalists

MEST Africa, a leading pan-African software and entrepreneurship training program, seed fund, and incubator, has selected 45 standout technology startups to advance to the regional finals of the 2023 MEST Africa Challenge (MAC).

FIDO Expands Credit Facility To Business Owners with Launch of FidoBiz Feature

FIDO, a leading financial services provider in Ghana has announced the launch of FidoBiz, a credit and financing facility tailored for business owners.

In the rest of the news:

• Breaking Down Spotify Wrapped Music Data For Ghana in 2023

• AFEX Launches FETC Product on New Digital Trading Platform

• Africa Prize for Engineering Innovation Shortlists 16 Innovators in its 10th anniversary year

• Fuse Unveils $10 Million Grants Program to Power Web3 Innovation

Africa Ecosystem Funding Activity

• SA fleet management startup GoMetro raises $11.5 million Series A round- Disrupt Africa

• Pan-African VC firm EchoVC launches of $2.5m pre-seed climate-focused fund - Disrupt Africa

• 8 startups selected for latest Grindstone Africa accelerator programme - Disrupt Africa

• Francophone Africa-focused VC firm Saviu Ventures reaches $13m 1st close of 2nd fund - Disrupt Africa

Video: Ghana's Road to Nuclear Energy

Ghana has been considering alternate sources including renewables such as solar. But recently, the country has been considering another alternative source of energy for its development needs: Nuclear Energy.

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