Author: Staff Writer

Access Bank Plc, through its UK-based subsidiary Access Bank UK Limited, has acquired a 76% controlling interest in AfrAsia Bank Limited, a Mauritius-based commercial bank known for facilitating cross-border financial services between Africa, Asia, and global markets. The acquisition, now complete following regulatory approvals from both the Bank of Mauritius…

Innovation in startups rarely follows a straight line. In Africa’s dynamic startup landscape, adaptability is not a luxury but a necessity. Many of the continent’s successful ventures owe their survival to timely reinvention – the famed “pivot.” Yet the pivot has also become an overused buzzword, sometimes met with eye-rolls…

It’s hard to imagine today’s world without artificial intelligence. Similarly, one cannot imagine running an auto shop without digital vehicle inspection. It can make a significant difference for auto shop owners and technicians. It’s a lot easier to inspect the vehicle in a short period and inform customers promptly via…

The old way of collecting website feedback doesn’t cut it anymore. If you’ve ever spent a morning scrolling through a vague email thread, trying to match a client’s “the button looks weird” comment to an actual issue on the site, you know how frustrating it can be. And don’t get…

Marking a decisive commitment to Africa’s rising AI ecosystem, Google has pledged $37 million to fuel artificial intelligence development across the continent. Announced in Accra, Ghana, the funding—comprising both new and previously undisclosed contributions—will support research hubs, language inclusion, startup growth, and AI skills training. At the centre of this…

PayPal has taken a bold step toward transforming global digital commerce with the launch of PayPal World—a new interoperable platform that connects the world’s leading digital wallets and payment systems. Announced on July 23, 2025, the initiative is positioned to dismantle longstanding barriers in cross-border payments, enabling seamless transactions for…

Lime Consumer Finance, backed by a $9.4 million initial investment, has officially launched in Egypt, targeting a major societal need—accessible education financing. As a wholly owned subsidiary of First Abu Dhabi Bank Group (FAB), Lime enters the market with a focused mission: to empower Egyptian families with structured, transparent, and…

In what might be the most unexpected tech leadership story of the year, the CEO of Astronomer, a prominent data infrastructure company, has resigned following a viral kiss cam moment at a Coldplay concert. The twist? He wasn’t caught with a random concert-goer — he was with the company’s Head…

Lagos is charting a bold new course in clean energy innovation and global sporting relevance, as it becomes the first African city to host the E1 Championship, the world’s premier electric powerboat racing series. Set for October 4–5, 2025, the event positions Lagos at the intersection of green transportation, urban…

In recent years, a quiet revolution has been taking place in the Nigerian film industry. No longer content to wait for licensing deals from traditional distributors like DStv or global streaming giants such as Netflix and Amazon Prime Video, many Nollywood actors, actresses, and producers are seizing control of their…

Rwazi has raised $12 million in Series A funding to revolutionize how companies gather real-time consumer insights across global markets. Led by Bonfire Ventures—with participation from Santa Barbara Ventures, Newfund, and Alumni Ventures—the funding will fuel the expansion of Rwazi’s AI-driven platform, support talent acquisition, and enhance its market intelligence…

Top Nigerian Fintechs such as Interswitch, Moniepoint, OPay, PalmPay, Piggyvest have been named in the recently published list of CNBC’s World’s Top Fintech Companies 2025. The list – compiled by CNBC in conjunction with market research firm Statista – follows analysis of key performance indicators, such as revenue growth, transaction…

Jumia Nigeria has appointed Temidayo Ojo as its new Chief Executive Officer, ushering in a new era for the e-commerce giant’s largest market. The announcement, made on Monday, signals the company’s continued focus on empowering local talent and deepening its regional leadership pipeline. Ojo steps into the role following the…

A groundbreaking partnership is taking shape between London and Lagos, uniting two of the world’s most dynamic cities in a shared vision to lead global innovation. During a landmark visit to Nigeria in July 2025, London Mayor Sadiq Khan and his delegation launched an ambitious initiative to deepen collaboration between…

Guaranty Trust Holding Company Plc (GTCO) has made history on the Nigerian Exchange (NGX) by becoming the first banking stock to break through the N100 price barrier. During mid-session trading on July 16, 2025, GTCO’s shares soared past the milestone, reflecting surging investor confidence and strong financial fundamentals. The achievement…

Morocco’s fledgling technology scene just recorded its largest locally sourced Series A of the year. ORA Technologies, the Rabat-based super-app developer best known for its “E-Morocco for Everyone” initiative, has confirmed a $7.5 million equity injection led by venture firm Azur Innovation Fund and supported by three additional Moroccan investors.…

Understanding the Journey, Not Just the Destination Customer experience in the insurance world has evolved far beyond a single transaction. Today, clients expect not only clarity and reliability from their providers but also personalized attention and responsiveness throughout every phase of the journey. Whether someone is comparing quotes, filing a…

Bitcoin has once again taken center stage in the financial world, crossing the $120,000 mark for the first time in its history. The digital asset hit an all-time high of $123,153.22 before stabilizing just below $120,000. This landmark surge marks a more than 27% rise in 2025 alone, underscoring renewed…

A major milestone in the evolution of Africa and the Middle East’s digital finance sector has been reached, as fintech leader Network International and UAE-based payment solutions provider Magnati have secured regulatory approvals to merge into a single entity. Backed by a Brookfield-led consortium, the merger is set to finalize…

The era when Bitcoin was dismissed as a fringe experiment is long gone. Today, institutional Bitcoin investments are gaining serious traction, redefining the market dynamics of digital assets. Hedge funds, pension managers, and even insurance giants are gradually carving out a space for Bitcoin in their portfolios, not out of…