Kenya is planning to change how banks decide the interest rates on loans. Right now, banks look at how risky they think each borrower is and set the loan rates based on that. But this method, called risk-based loan pricing,…
Crossfin, a South African investment company, has put money into DigiSquad, a payments company based in Johannesburg. DigiSquad focuses on helping people and businesses in parts of Africa where it’s hard to get access to banks and digital payments. The…
High costs are stopping many Nigerians from buying new smartphones. Instead, they are holding onto their old phones longer. This is happening because prices for new phones have gone up a lot, and the Nigerian currency, the naira, has lost…
Safaricom, Kenya’s biggest phone company, is investing $300 million (about KSh 40 billion) in an Upgrade to Enhance Its M-PESA Service. This big investment comes as Safaricom celebrates 18 years since M-PESA first started helping people send money using mobile…
Thousands of drivers in Lagos are gearing up to turn off their ride-hailing apps for 24 hours this Workers’ Day, May 1st, in a major protest against companies like Uber, Bolt, and inDrive. Under the banner of the Amalgamated Union…
Big news out of Kenya! The Nairobi Securities Exchange (NSE), which is like the stock market for Kenya, is joining forces with some smart Canadian companies to create something called the Kenya Digital Exchange (KDX). Think of it as a…
The wait is over! The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering young entrepreneurs, has revealed the list of winners of the highly anticipated Tony Elumelu Foundation Entrepreneurship Award 2025. This year’s cohort will be part of a growing…
Very soon, you might notice that when you use USSD codes like *737# or *894# to buy airtime, data, or do bank transactions, the money for the service will come straight from your phone’s airtime instead of your bank account.…
The Joint Admissions and Matriculation Board (JAMB) has announced that the 2025 Unified Tertiary Matriculation Examination (UTME) will commence from Thursday, April 24, 2025, at the respective JAMB exam centres. As the exam date draws closer, candidates are advised to…
Sending a Please Call Me message has become a popular way for South Africans to communicate with their friends and family when they don’t have airtime or data. The service is available on all major mobile networks in South Africa,…
