In what comes as a major shock to Nigeria’s fast-rising cryptocurrency sector, two of the country’s popular financial technology companies, Moniepoint and Paga, have revealed plans to restrict access to the accounts of customers found to be guilty of carrying…
Renda, a venture-backed Nigerian logistics startup disrupting the freight and logistics sector, has raised a major pre-seed investment round of $1.9 million to build its presence across Nigeria and Kenya. The new investment would allow Renda to bolster its service…
Zenith Bank Plc ’s fully-owned fintech subsidiary, Zenpay Limited, has entered into a landmark agreement with the African Continental Free Trade Area Secretariat, in a move expected to greatly expand intra-African trade. The parties have executed a collaboration agreement that…
M-PESA Foundation, in collaboration with Amref Health Africa and the County Government of Kilifi, has launched the Uzazi Salama program. The program supports Reproductive, Maternal, Neonatal, Child, and Adolescent health outcomes (RMNCAH) for mothers and children in the County. M-PESA…
Good news for customers: MultiChoice Nigeria, the company behind the known DStv and GOtv pay TV services, had to postpone its scheduled price hike thanks to the intervention of the Competition and Consumer Protection (CCP) Tribunal. This happened a day…
A partnership between ThinkYoung, a profit organization and Boeing, a prominent aerospace company, has been established to empower 62 Tanzanian youth with the essential skills needed to excel in today’s dynamic digital world. The collaborative project, known as “ThinkYoung@Boeing Tanzania”…
Nigeria’s Chowdeck, an on-demand delivery service, recently received an investment of $2.5 million in seed funding to strengthen its position and boost growth in the country’s thriving delivery market. The announcement of this funding round on April 30, 2024 marks…
The African region has continued to experience network outages after the subsea cable got damaged a while ago. In response, Guinea and Gambia agree to study ways to set up a new subsea cable for their nation’s advancement. The outages…
Expansion is a major goal of all relevant businesses and Uber is no exception. The ride-hailing platform has launched its food delivery wing, UberEats, in Kisumu. This significant move will bring Kisumu’s citizens different food and service options while expanding…
South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA) has made strides in shaping the framework for digital assets in the nation. In a statement, the FSCA detailed a series of strengthened transaction guidelines targeted at providers offering asset…
