Baobab Network, Africa’s leading accelerator, has acquired South African strategy and branding company, Reflector Marketing. Baobab Network previously stated its dedication to investing in 1,000 African startups in 2023. The acquisition of the branding agency is consistent with the stipulated…
MTN Nigeria, the nation’s top mobile network operator, experienced a notable fall in its internet subscriber base, a development which was mainly due to the challenges of the ongoing National Identification Number (NIN)-SIM card integration exercise. A policy on mandatory…
Access Bank, the third most populous bank in Nigeria, reportedly lost ₦6.15 billion to fraud and forgery in 2023. This was stated in its latest financial report. The fraud was in different forms: Fraudulent transfers, withdrawals, and reactivation were the…
Jacob Ladder Africa, JLA, and the University of Nairobi have announced the winners of the Renewable Energy Innovation Challenge. The program challenges Kenyan youths to innovate energy solutions to adverse climate change effects. The Renewable Energy Innovative Challenge is a…
Nigeria’s fintech sector suffered a major setback on April 1, 202024,ith the announcement of Thepeer’s closure. The three year old startup that was known for its innovative API based payment solutions will stop its operation and return the rest of…
MTN Group, an African telecommunication service, is set to exit two African countries due to Inflation. The popular network has accepted an offer from Telecel for its equity interest in both countries: Guinea-Bissau and Guinea-Conakry. The company revealed in its…
Access Bank, a subsidiary of Access Holdings, plans to raise $1.5 billion (₦2.09 trillion) through a bond or share sale. Also, another $287 million (₦399.9 billion) from its shareholders via a rights issue to fund its ambitious growth plans so…
The South African Social Security Agency (SASSA) has made available the payment schedule for April 2024 of the Social Relief of Distress (SRD) Grant. Many South Africans who receive this monthly support for their basic needs are very pleased with…
The Africa Finance Corporation (AFC), a top provider of infrastructure solutions in Africa, has reached a significant milestone in its mission to develop the continent. On March 26, 2024, AFC announced the successful close of its largest ever debt facility,…
African payments giant Cellulant has withdrawn from the Nigerian mobile money sector, which represents a major development in the country’s financial ecosystem. This action was prompted by the Central Bank of Nigeria (CBN) revoking Cellulant’s mobile money license. A Pillar…
