Tech
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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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Equity Bank staff indicted in $2.1 million Kenya fraud
One of the staff members of Equity Bank Kenya has been said to have collaborated with other criminals to defraud…
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Kenyan officials, Anjarwalla’s wife debunk arrest report of Binance executive
Kenyan officials are reportedly denying recent reports that Binance executive Nadeem Anjarwalla, who fled from custody in Nigeria, was arrested…
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Court adjourns Binance executive’s bail ruling to May 17
Nigeria's Federal High Court in Abuja has adjourned Tigran Gambaryan's executive bail request ruling until May 17.
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HyperionDev raises funds to expand operations
HyperionDev, a South African-headquartered tech education provider, has announced raising R95 million ($5 million), bringing its total growth investment to…
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MultiChoice Chairman steps down three weeks after reinstatement
MultiChoice Group, a South African television broadcasting company, has announced that Imtiaz Patel, its Chairman, will step down immediately. This…
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Kenya puts team together to regulate crypto market
The Kenyan government is getting serious about regulating the crypto scene. It has put together a team from different agencies…
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Bolt, M-KOPA team up to launch 5,000 e-bikes in Kenya, increase driver earnings
M-KOPA, a Nairobi-headquartered fintech platform that provides digital financial services to underbanked Africans, and Bolt have announced the launch of…
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Egypt’s Bokra raises $4.6 million for wealth expansion
An Egypt-based fintech company, Bokra, has raised $4.6 million in a pre-seed round to launch the Bokra app, expand its…
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Ghana commences development of local content legislation telecoms sector
The Ghanaian government has started developing local content legislation for the telecommunications sector to strengthen its local dependence and prioritize…
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TLcom Capital raises $154 million startups in Africa
Africa-focused VC firm, TLcom Capital has announced the final close of TIDE Africa Fund II, a $154 million fund for…
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Isa Pantami berates Bosun Tijani for relaunching NCAIR
The Former Minister of Communications and Digital Economy, Isa Pantami, has scolded his successor, Bosun Tijani, for relaunching the National…
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Canal+ increases stake in MultiChoice
Canal+ has increased its stake in MultiChoice, a South African broadcaster, since February, when its ownership surpassed 35%.
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Bluworks raises pre-seed automate workforce management
Bluworks, an Egypt-based HRtech company, has secured a $1 million pre-seed investment round to improve its product and expand its…
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Meta launches own AI chatbot for WhatsApp, Instagram in Africa
Meta, Facebook’s parent company, has launched Llama 3, a new Artificial Intelligence (AI) assistant designed to improve social connections, engage…
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EFCC declares Binance executive Gambaryan flight risk, halts bail request
The Economic and Financial Crimes Commission (EFCC) has reportedly moved against the bail request of Binance executive Tigran Gambaryan, calling…
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Wema Bank suspends fintech partners for fraud
Wema Bank, one of Nigeria's commercial banks, has removed and suspended up to seven fintech partners from its payment gateway…
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