In today’s edition: Maxoko is finally coming || Egypt to introduce e-SIMs in two months || South Africa introduces new smart IDs || Ethiopia and UAE sign local-currency swap worth $817 million
“This facility not only enhances our capital reserves, but also strengthens Africa's trade capabilities and export potential," said Roosevelt Ogbonna, MD/CEO of Access Bank Plc, at a signing event held in Hague, Netherlands. "Putting these…
Unlike previous waves of technology, such as the Internet, which had an immediate and obvious impact on the economy, AI does not actually allow anyone to do things that were not before possible.
Successful tech startups worldwide often emerge as locally-relevant replicas of what works elsewhere because 'smart iterators' in emerging markets adapt proven business models.
For the rollout of Arya Starr’s album ‘The Year I Turned 21,’ her record label Mavin made an unusual marketing choice: adverts on the food delivery app Chowdeck.
It will count as divine intervention for President William Ruto, who asked for prayers on Sunday as public support for his government reached critical lows.
In today’s edition: IHS Towers market value dips by $6 billion || South Africa to monitor financial social media influencers || Skincare marketplace Uncover raises $1.4 million || HostAfrica acquires Kenya's deepAfrica
Their primary ask is to have a say in pricing. Since drivers handle expenses like insurance and parking fees for their cars, they want inclusion in Uber and Bolt's pricing decisions.
It has suffered a reversal of fortunes with losses increasing twenty-fold to $470 million in 2022 and climbing again to $1.9 billion by 2023 as operational and finance costs soared.
Nigerian billionaire Aliko Dangote told reporters on July 3 that no growth could happen while interest rates remained at 30%. It’s a position held by many government insiders who believe CBN governor Cardoso—who has raised interest rates…
This is Uncover’s third funding round. It raised $100,000 in a 2021 pre-seed round from Antler VC and a $1 million seed round in 2022. In its latest funding round, Uncover provided exits for early investors through a secondary sale,…
Founders only raised $779.7 million in H1 2024, the lowest amount since 2020. Over a quarter of this funding was from non-equity raises; debt deals, and grants.
In today’s edition: President Ruto overhauls his cabinet || Nigeria wants 4,173 BDC operators to rename their businesses || South Africa has new rules for telecoms || Funding Tracker
“We need tech skills to transform our continent," said Hendrina Doroba, a division Manager for Education and Skills Development at the AfDB. "We must begin to assess our preparedness for the future."
It’s a delicate dance but restaurant owners are now familiar with the steps: pay the commission—which typically ranges from 10-30% per order—and reduce already meagre profits or pass on all or part of the commission to customers who order…
“I have decided to dismiss with immediate effect all the cabinet secretaries and the Attorney General of the cabinet of Kenya, except the prime cabinet secretary and cabinet secretary for diaspora affairs."
"We were very aggressive when we launched cards in 2021. Naturally, the pace at which it was growing two years ago is not the same now. It’s the law of diminishing returns."
In today’s edition: Local cloud service provider hit with ransomware attack || Access Bank to raise $233 million || $16.5 million has been stolen from South African taxpayers || Huawei wants to launch a smart village in Uganda
"This bill is far superior to a mere policy," Tijani said during the Mastercard Foundation EdTech Conference held in Abuja on Tuesday. "Its passage by the National Assembly will empower EdTech startups to design solutions with scalability…
Hackers took over the company’s infrastructure and encrypted their files, the same person said, declining to provide a timeline for the incident because he was not authorised to comment.
“When you are the largest bank in Nigeria and one of the largest banks in Africa, where do you go from here?’ Our vision is now global, very, very global,” Aigboje Aig-Imoukhuede, Access Holdings Plc Chairman said.
In today’s edition: Kenya is now a credit-risky nation for investors || Nigerian lawmakers want to fight inflation with gold || UNDP to raise $1 billion dollars to build tech hubs in Africa || Okra moves into the cloud