Telkom, a JSE-listed telecommunications firm, has surpassed the 20 million user mark for the first time. This development reveals that its fiber business is operating excellently well. The company announced its group annual financial results for the year ended 31…
In order to revolutionize the financial landscape for African businesses, BudPay, a prominent fintech company, has introduced BudPay Business, a comprehensive payment solution designed to address the multifaceted needs of businesses across the continent. BudPay Business offers a secure, reliable,…
To reshape the South African insurance landscape, Sanlam has announced the acquisition of a 60% stake in MultiChoice South Africa’s insurance business. The deal, valued at a potential R2.7 billion, marks a strategic partnership between two of South Africa’s leading…
Finally! South Africa Ride-hailing Regulation: President Cyril Ramaphosa has signed the amended National Land Transport Act (NTLA) into law. This milestone paves the way for ride-hailing services like Uber and Bolt to apply for operating licenses. This development will officially…
Wasoko and MaxAB Merger e-commerce challenges: Nairobi’s Wasoko and Cairo-based MaxAB have announced a planned “merger of equals”. The two B2B e-commerce startups enable retailers to order fast-moving consumer goods (FMCG) from suppliers via their respective apps. The merger is…
Startups Innovation Africa Challenges: Startups have proven to be innovative solutions toAfrica’s unique challenges. The solutions range from healthcare and education to transportation and agriculture, These startups use technology, entrepreneurship, and local knowledge to develop impactful solutions tailored to the…
Egyptian Startup OneOrder Series A funding: OneOrder, a leading Egypt-based logistics startup, has raised $16 million in equity and debt in a Series A round. This will ensure the startup expands into the Gulf Cooperation Council (GCC) region in the…
Meta office downsizing layoffs: In a move that has sent shockwaves through the Nigerian tech industry, Meta, the parent company of Facebook, WhatsApp and Instagram, has announced plans to downsize its Lagos office. This decision comes on the heels of…
Zambian Startup Bosso e-commerce funding: The Zambian business landscape is witnessing a surge in e-commerce ventures, and a new player has emerged in the construction sector. Bosso, a Zambian e-commerce startup founded in 2022, is revolutionizing the way building materials…
Prospa fintech transaction halt: In a concerning turn of events for Nigerian fintech users, Prospa, a popular business banking startup, has once again encountered issues processing customer withdrawals. This marks the second time in just five months that Prospa has…
