- This week, Olumide Soyombo confirmed the imminent release of his business memoir, "Vantage." The new book is a firsthand account of his experiences, from his early fascination with personal computers to his present-day role as an entrepreneur and investor. "Vantage" will provide a window into the…
- The telco intends to proceed with an IPO of 8,000,000,000 (8bn) ordinary shares which represent 20% of Airtel Uganda Limited. Also, it will be offered to retail investors via Airtel Money's platform, in addition to traditional channels, in order to increase retail participation.
- MultiChoice has pulled its DStv service from Malawi. This comes after Malawian authorities prevented MultiChoice from reviewing or increasing its tariff prices as it has done in Kenya, Nigeria and other countries.
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- Worlcoin's license did not imply it had free rein to process user data in Kenya; the certificate merely confirmed that the firm was recognised in Kenya.
- How much are internships worth? In this edition of #EnteringTech🚀, we chart the success stories of several techies, one internship at a time. Behind Binjo Adeniran, Joyce Imeigha, Jesimiel Williams and everyone successful, are internships.
- The commission’s decision is likely to derail Vodacom’s plans to have a significant headstart in the battle for fibre dominance, which looked to be on the right track after MTN’s acquisition of Telkom fell through.
- Ghana’s inflation rate hit a four-month high of 43.1% in July, as the country grapples with a debt-induced economic crisis. Per Bloomberg, the increase was driven by food prices, according to a government representative. Ghana’s food inflation rose to 55% from 54.2% in June. On the other hand, non-…
- Nigerian payments provider, eTranzact International Plc profits rose to ₦1.01 billion in the first half of 2023—representing a 149% increase compared to the previous year. eTranzact's profit for the half year surpassed its earnings forecast for the third quarter of 2023, which is projected at ₦582…
- Pan-African broadcaster Multichoice is pulling its satellite television service provider, DStv, out of Malawi. This follows a decision by Malawian regulators to reject DStv’s latest price hikes.
- Safaricom Ethiopia has finalised a $257 million deal with the International Finance Corporation (IFC). The IFC will loan the telecom $100 million and invest $157.4 million in exchange for 7.25% equity.
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- According to sources close to the matter, logistics startup Sendy is allegedly in the process of handing over its business to a new owner. The Kenyan company, which has been in operation for nearly a decade, has been battling sustainability challenges after several lay-offs and business decisions…
- A week after shutting down the internet for the second time in two months, the Senegalese government is arresting people selling Starlink in the country for “illegal provision of internet access and irregular marketing”.
- Nigerian investors have a track record of identifying lucrative ventures, with Nigeria's own fintech tech startups attracting attention and investment on the global stage. The DRC, with its size and potential, can be the next big gold mine.
- Elon Musk is trending on X (formerly Twitter) this morning and for the first time in a long time, it’s not because he’s being dragged. Twitter users in Nigeria have taken to the app to share screenshots of payments from the platform.
- Zenith Bank has signed an agreement with the African Continental Free Trade Area (AfCFTA) to digitalise trade relations across the continent. The agreement is worth $1m.
- This week, South Africans will have to deal with slow internet speeds. On Sunday, two undersea cables that connect South Africa to the global network broke due to a rockfall in the Congo Canyon. Repairs are slowly underway.
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- Vault Pay, a payments infrastructure company from DRC Congo, is the third African startup selected for the Y Combinator’s 2023 summer class. The payments company joins Nigeria’s food delivery startup ChowCentral and Rwanda’s Eden Care in this year’s cohort.
- Buguard, an Egypt-based cybersecurity firm, has raised $500,000 in seed round. The funding round was led by A15, the leading MENA venture capital firm, with participation from angel investors. Buguard will use the funds to grow its team, focusing on product, sales, and channel partnerships.
- Despite having one of the most expensive internet costs on the continent, content creation and consumption in Botswana has boomed in the last few years. Fuelled by a youthful population with an insatiable appetite for social media platforms like Facebook, Instagram, YouTube and TikTok, content…
- Last Friday, Big Cabal Media, parent company of Zikoko and TechCabal, laid off 19% of its workforce. The company cited a harsh economic environment as the reason for the layoffs.
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- In Tunisia, raw talent and a tight-knit community of builders, entrepreneurs and tech workers could create Africa's axis for deep tech. But not before a few important and urgent changes.
- While Tijani’s apology might ensure that he’ll scale the ministerial screening, the Senate’s decision to question him over his past tweets will raise questions about censure.
- Small businesses in Africa are a significant part of Africa's international business flows every year. Despite FX troubles, why are banks are still their preferred partners?
- Digital payments in Nigeria have had an extraordinary decade. It’s been 14 years since the Nigerian Inter-Bank Settlement Scheme (NIBSS) first introduced a real-time electronic payment system — the NIBSS Instant Payment (NIP). NIP supports fast transactions across different channels, this includes…
- Big Cabal Media, the parent company of TechCabal, Zikoko and Citizen, has cut its workforce by 19% across its business units. The company said the cuts are unrelated to specific performance issues within those units but cited harsh market conditions despite significant progress made this year.
- The governor of Delta State is forming a committee to consider locally assembled electric vehicles for public transport due to increased transportation costs after fuel subsidy removal. Nigerian-owned Jet Motors produces these electric vehicles.
- A week after attacking Kenyan companies, hacktivist group Anonymous Sudan is claiming responsibility for cyberattacks on MTN Nigeria and NITDA. This is in response to Nigeria’s proposed military intervention in Niger.
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- Anonymous Sudan, a Sudanese hacker group, says it is targeting Nigerian companies in response to the threat of military action in Niger. Yesterday, Nigeria’s national IT agency issued an advisory for the public as the group claimed responsibility for an attack on MTN.
- Last year, the Central Bank of Nigeria launched its first fintech regulatory sandbox. But five months after the programme was supposed to kick off, its status remains unknown.
- While AI is sometimes employed for deception and widespread misinformation, it offers the potential to enhance storytelling for journalists and transform how readers consume news.
- In this second article built around Moonshot, Abraham Augustine offers suggestions for designing a future for the financial services sector that is defined by government and private sector collaboration to create shared prosperity and thriving economies.
- For the fourth edition of the program this year, 20 African female-led tech startups listed below have been selected out of 490 applicants from 37 countries across Africa.
- Women make up an equal percentage of Ghana’s population, but that is where the equality ends. They earn, on average, less than one-third of what their male counterparts earn. This significant disparity has far-reaching effects, impacting women's ability to purchase items like smartphones, and…
- Kenya has suspended the operations of Worldcoin, a blockchain product which requires users to scan their eyeballs, over data privacy concerns. So far, about 350,000 Kenyans have queued up to scan their eyeballs for Ksh7,000 ($50).
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- Patent and proprietary medicine vendors (PPMVs) are known as individuals without formal pharmacy training who sell orthodox pharmaceutical products on a retail basis for profit. They are often the primary healthcare providers for a significant portion of the Nigerian population, especially in rural…
- Bosun Tijani, the CEO and co-founder of CcHub, a pan-African tech incubator, has been unveiled as a ministerial nominee for President Tinubu’s administration. Earlier today, Senate President Godswill Akpabio shared 19 more ministerial nominees submitted by President Bola Tinubu’s administration.…
- In 2020, Nzewi and Iya founded Eze, a B2B marketplace that connects global ma suppliers with retailers dealing in second-hand smartphones and electronics such as laptops, tablets, wearables, and other devices.
- In 2019, Ayodeji Awosika set up Web3Bridge to train Africa's blockchain engineers. With over 800 graduates from its cohorts, Web3Bridge has trained developers for notable blockchain companies like Polygon and Nestcoin. Here's how they do it, and what they offer.
- According to Smile Identity’s H1 2023 State of KYC in Africa report, South Africa’s national ID is one of the most targeted by fraud attempts on the continent.
