Africa Delivery Technologies Holding, the parent company of Kwik, a popular delivery service in Nigeria, has been declared bankrupt by a court in Amsterdam. This happened after a disagreement with some creditors, including a former employee who says the company…
Yellow Card is pushing hard for the use of stablecoins in Africa, and for good reasons. Stablecoins are a special kind of digital money that stays steady in value because they are linked to stable assets like the US dollar.…
Kenyan startup Watu Holdings, known for its buy-now-pay-later (BNPL) services, has seen its profits decline by 85% due to a rise in loan defaults in 2024. The company’s earnings dropped by 85%, falling to just $1.2 million from $7.6 million…
IHS Towers is planning to exit Rwanda in H2 of 2025. The big telecom company has agreed to sell all its business in Rwanda to a new company called Paradigm Tower Ventures. The deal is worth $274.5 million and includes…
Safaricom has made it easier for small businesses in Kenya to get loans through M-PESA. They have introduced new credit products that are designed to help micro, small, and medium-sized enterprises (MSMEs) grow by giving them easier access to money…
South Africa’s regulatory body has approved MultiChoice’s proposed $3 billion merger with the French company Canal+. This is an important step that could change the way people watch TV and entertainment in South Africa and across Africa. The South African…
Tanzania has shut down the social media platform X (which used to be called Twitter) after a serious problem happened. The official Tanzania Police Force (TANPOL) account on X was hacked. Someone took control of the police’s account and posted…
Zimbabwe is using new technology to help stop drivers who break traffic rules. The Zimbabwe Republic Police (ZRP) has started using an electronic traffic management system to catch people who don’t obey traffic lights, especially in Harare’s busy city center.…
South Africa is getting ready to make some changes to its Black Economic Empowerment (BEE) rules for Elon Musk’s Starlink to help it start working in the country. Starlink is a satellite internet service that could bring faster and better…
MTN Nigeria is making headlines after taking more than 20 banks to court in a determined effort to recover a huge debt owed by SleekChip Technologies Limited. The telecom giant says SleekChip owes them about N3 billion for services provided,…
