Friday, April 18, 2025
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Lawsuits

Company News

SportPesa Founders Cash in $65.2-Million Dividend in Four Years

Zintle -
Founders of the Pevans East Africa, which pioneered betting in Kenya with the SportPesa brand earned dividends totaling Sh7.6-billion ($65.2-million) in the four and a half years to June 2019. Among those who scored big are foreign and local entrepreneurs...
Company News

Fraud Scandal: MozzartBet Fights $2.6-Million Seizure Transferred Through M-Pesa

Zintle -
MozzartBet, a betting company, has returned to court to fight the Kenyan State against the seizure of Sh302-million ($2.6-million) that was declared to have been acquired through alleged crime. According to Business Daily, the company says that the millions are...
Company News

Why the South African Government is Going After Facebook & Meta

Zintle -
South Africa's Competition Commission is reportedly going after the Facebook and WhatApp parent company, Meta, for alleged violation of the Competition Act through "abuse of dominance". According to eNCA, the commission wants the company to pay South Africa over 10...
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FinTechStaff Writer -

PayPal and TerraPay Unite to Expand Cross-Border Payments Across MEA

PayPal has announced a strategic partnership with TerraPay, a leading global money movement platform, to enable real-time fund transfers...
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