At a meeting on Monday in Abuja, the Federation Accounts Allocation Committee (FAAC) decided to allocate N1.68 trillion for February 2025 to the federal, state and local governments despite the decrease in Value Added Tax (VAT) revenue. The allocation was…
A Botswana-based startup, Brastorne, has been turning simple feature phones into tools into the digital world. It’s connecting millions of Africans who lack internet access to essential services. Started in 2013, Brastorne’s team uses basic technologies including SMS, USSD and…
Two former Network International executive directors have received $6m in seed funding to launch fintech firm Enza, with a view to revolutionising how payments are processed across African banks and businesses. Local Hany Fekry and Hamish Houston, who both worked…
Kenyan logistics startup Leta has raised $5 million in seed funding to grow its business and help more African companies move goods cheaper and faster. The money comes from investors like Speedinvest, Google’s Africa Investment Fund, and Equator VC, who…
Big news for startups! Applications are now open for the $1m SA Startup Pitch Event, a chance to win life-changing funding and shine a spotlight on your business. Startup Club ZA and The South African Future Trust have teamed up…
Yango Group, a tech company known for its innovative solutions, has just launched Yango Ventures, a $20 million fund to help startups in Africa, Latin America, the Middle East, and other fast-growing regions. This Yango Ventures $20 million fund isn’t…
The African tech industry is gearing up for one of its most anticipated events of the year, Tech Unite Africa (T.U.A) 2025. Scheduled to take place on March 27, 2025, at the Muson Convention Center in Lagos. This isn’t just…
Orbicom, the company that helps MultiChoice send signals to your TV, is trying to hand over its licenses to Canal+, a French media giant. This is part of Canal+’s massive $3 billion plan to buy MultiChoice outright. The South African…
Quidax, a popular cryptocurrency exchange based in Nigeria, has started letting users trade cNGN, the country’s first regulated naira stablecoin. This makes Quidax the second exchange to offer cNGN for trading, following Busha, which added it last month. For those…
Nigeria’s National Identification Number (NIN) registrations reached a new high of 117.3 million in February 2025, marking a major leap in the country’s push for a modern digital identity system. This number jumped by over seven million people in just…
