Tech
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Risevest plans Hisa acquisition, enters Kenya market
Risevest, a Nigerian company that helps people invest in stocks, plans to buy Hisa, a Kenyan fintech startup. Hisa allows…
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Bolt lowers acceptance rate requirement for bonus
Bolt is offering a 15% bonus to drivers who complete five trips in a day. To get the bonus, drivers…
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NIGCOMSAT, Dimension Data partner to upgrade facilities
The Nigerian Communication Satellite Limited (NIGCOMSAT) has taken another step to improve its services by upgrading its technology to state-of-the-art…
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South Africa DHA defies court order, leaves 700,000 without valid IDs
South Africa’s Department of Home Affairs (DHA), in charge of identity management, has reportedly defied a court order directing it…
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Niger Telecoms looks to improve nationwide connectivity, builds 16 new sites
Niger Telecoms, the country’s national telephone and telecommunications provider, has launched a project to improve connectivity nationwide, particularly in the…
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CIIFA, Google partner to empower 8,000 youth in Nigeria’s creative sector
The Creative Industries Initiative for Africa, has decided to partner with Google to launch the second group of the Engage…
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PoS operators left with less than two months to register with CAC
Point-of-Sale (PoS) agents in Nigeria now have less than two months to register their businesses with the Corporate Affairs Commission…
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Former CEO of Konga takes own life
Nick Imudia, former Chief Executive Officer (CEO), of Konga, one of Nigeria’s e-commerce giants, has committed suicide in his home.
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Kenya Police drops investigation, Worldcoin to resume operations
Worldcoin is preparing to continue operation as Kenyan police dropped the investigation into allegations that it had illegally collected and…
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Eyowo to make comeback as operational license gets reinstated by CBN
Eyowo, a Nigerian fintech company, has bounced back as its license was reinstated fully by the Central Bank of Nigeria…
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NIMC flags five websites for data breach, warns Nigerians to stay away
The NIMC’s spokesperson, Kayode Adegoke warned people to stay away from these websites since they could be scams collecting data…
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Ampersand partners BYD to improve electric motorbike deployment
Ampersand, a Kigali-based electric vehicle (EV) energy tech company, signed a major agreement with a Chinese EV company, BYD, to…
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Sanlam set to acquire 60% of MultiChoice NMS Insurance services
MultiChoice and Sanlam, an insurance and financial services provider, have agreed for Sanlam to acquire 60% of MultiChoice’s insurance business,…
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Court throws out Binance executive’s suit against NSA, EFCC
The Federal High Court in Abuja has dismissed the fundamental rights lawsuit brought forth by Binance executive Nadeem Anjarwalla's against…
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Uber, Bolt drivers urge Lagos Government to implement agreement on regulation
The Amalgamated Union of App-based Transporters of Nigeria (AUATON) has urged the Lagos State government to implement their collective agreement,…
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Moroccan startup secures pre-Series A funding to solve supply issues
YoLa Fresh, a Moroccan agritech startup directly connecting smallholder farmers with traditional retailers of fruits and vegetables, has secured $7…
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Oracle plans new Cloud Regions in Morocco
Oracle, a technology company specializing in database management systems and cloud solutions, has announced plans to establish two Oracle Cloud…
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Microsoft invests in South Africa for job creation and AI advancement
Microsoft South Africa is investing R1.3 billion ($70 million) in the South African economy as part of a 10-year agreement…
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eFinance acquires stakes in two digital payment firms
Egyptian eFinance Investment Group (EFIG), a digital and financial investment firm, has acquired a 25% stake in Al Ahly Momkn…
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Maelle Gavet steps down as Techstars CEO
Maëlle Gavet is stepping down as CEO of Techstars at the end of May 2024 due to health reasons. She's…
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Google to launch fiber optic route connecting Africa to Australia
Google has announced Umoja, a fiber optic cable project that will directly connect Africa to Australia.
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BDC operators lament new Central Bank regulations
The Central Bank of Nigeria (CBN) has announced that all existing Bureau de Change (BDC) operators need to reapply for…
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Accion launches fund to support institutions in Africa
Accion, a non-profit organization focusing on creating a fair and inclusive economy, has announced launching the Accion Digital Transformation Fund.
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MTN Group revenue dips 19% in Q1 2024
The telecommunications provider, MTN Group has reported an 18.8% fall in Q1 service revenue compared to Q1 2023. However, in…
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Vodacom’s Egypt acquisition triggers boost in Group service revenue
Vodacom, a mobile network operator, has reported increased service revenue for the fiscal year which ended March 31, 2024. Vodacom…
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Ghana set to become first African government powered by first blockchain
Ghana is gearing up to become the first blockchain-powered government in Africa. Vice President Mahamudu Bawumia dropped this bombshell during…
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Safaricom surpasses market expectations, reports over $1bn in earnings
Safaricom has announced that it earned KSh 139.9 billion ($1.07 billion) before interest and tax in the fiscal year ending…
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Nigerian payment solutions provider expands operations to Uganda
eTranzact Global Limited, a payment technology solutions provider based in Nigeria, has announced its expansion to Uganda after receiving an…
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Bolt Nigeria denies laying off nearly 50% of its staff
Bolt Nigeria has denied laying off 22 of its 45 staff, three days after one publication reported the layoff.
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Ghana partners India to enhance instant funds transfer with UPI
Ghana has agreed with India to implement India's Unified Payments Interface (UPI) on its Ghana Interbank Payment and Settlement Systems…
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CatalyzU, Future Africa launch fellowship to support African founders and potential startup founders
CatalyzU, formerly Young African Catalysts, a tech-enabled ecosystem that uses data to vet, train, and help African talents find work,…
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Telecom Namibia partners debt collection agencies to handle overdue accounts
Telecom Namibia Limited, a government-owned and run telecom company in Namibia, has disclosed its partnership with debt collection agencies to…
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Wasoko reportedly debunks Rwanda exit rumors, reiterates expansion plans
Wasoko, the Tiger Global and 4DX Venture-backed eCommerce platform has reportedly denied claims it has exited Rwanda over a month…
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Glovo to close down Ghana operations despite $3.7 million investment
A food delivery platform, Glovo, will cease operations on May 10, in Ghana, two years after investing €3.5 million ($3.7…
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CBN restricts account openings in for Kuda, two others
The Central Bank of Nigeria (CBN) has reportedly directed Moniepoint, OPay, Kuda Bank, and Palmpay to restrict new account openings.
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Price Crash: Starlink users face payment hurdles in Nigeria
Nigerian internet users are experiencing difficulties paying for Starlink satellite internet service after a significant price reduction triggered by the…
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Kubik raises $1.9 million seed to expand operations
Kubik, an Ethiopian startup that recycles plastic waste into low-cost, environmentally friendly building materials, has raised $1.9 million in a…
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Nigeria to clamp down on unqualified IT practitioners
The Federal Government of Nigeria has announced plans to take strict measures against unregistered individuals and organizations operating in the…
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