Author: Staff Writer

Nigerian fintech, Kippa announced that it is pulling back its offline payments product, KippaPay from the market. KippaPay was introduced last year, after it obtained a Super Agent Banking Licence from the Central Bank of Nigeria, to support merchants with offline payments and agency banking through its POS terminals. Last…

Finnish mobile company, Nokia, announced that it will be letting go of about 14,000 people or about 16% of its work force, over the next three years. Currently it has a headcount of 86,000 and it will be reducing this to between 72,000 and 77,000 by the end of 2026.…

Amazon, the global e-commerce behemoth, announced on Tuesday its plans to launch an online shopping service in South Africa next year. This move will mark Amazon’s second foray into the African market, following its entrance into Egypt, and it signifies the company’s expansion into Africa’s most advanced economy. Last year,…

In a bid to combat the persistent issue of bots and spammers on its platform, social media giant X, formerly known as Twitter, announced on Tuesday that it would be testing a groundbreaking subscription model, humorously named “Not A Bot.” Under this new model, users will be charged a nominal…

African Bank Holdings Ltd. has taken a significant step in expanding its lending business by acquiring two units from a prominent South African financial services company. This strategic move comes as African Bank prepares for a proposed initial share sale in 2025. The acquisition, totaling 3.26 billion rand ($172 million),…

In a recent turn of events, settlement talks have come to a halt between Meta, the parent company of Facebook, and a group of Kenyan content moderators. These moderators, numbering 184, had filed a lawsuit earlier this year, alleging unfair dismissal. The dispute emerged after they claimed to have lost…

Qatar Airways announced that it has forged an exciting partnership with Starlink, SpaceX’s innovative satellite internet service. This collaboration will make Qatar Airways the largest airline to collaborate with Starlink, setting the stage for an unrivaled in-flight connectivity experience for passengers. As part of this venture, Qatar Airways is set…

LinkedIn has announced another round of job cuts, stating that it is letting go of 668 people across its engineering, product, talent and finance teams. The Microsoft owned company stated that it was necessary and and a regular part of managing its business. The company had laid off 716 jobs…

President Bola Ahmed Tinubu has effected a shake-up in the Federal Ministry of Communications, Innovation, and Digital Economy that has affected three agencies under the Ministry. The affected agencies and heads include the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Danbatta; the Postmaster General/CEO of the…

Smartcash PSB has partnered with Thunes, a cross-border payments infrastructure provider, to make it possible for its customers to receive remittances in Naira in their Smartcash wallets. The international remittances can be received from various countries directly into a customer’s Smartcash account, using their phone numbers as both their account…

In a significant development for the insurtech landscape in Egypt, Amenli, a pioneering insurtech startup, has successfully closed a new equity funding round of $1 million. The round was led by Alter Global, a distinguished international venture capital (VC) firm focusing on emerging markets, represented in the region by Heba…

According to a Reuters report, at least two Egyptian banks have taken measures to halt the usage of Egyptian pound debit cards abroad in an effort to mitigate the drain on foreign currency, as the country’s currency shortage worsens. The Arab African International Bank issued a notice to its customers…

Mavin Records, the record label owned by Michael Collins (aka Don Jazzy) and the home of Rema, Ayra Starr is seeking investments or an outright sale according to Billboard. It is also reported that significant bids have emerged from industry giants like Universal Music Group (UMG) and HYBE. The estimated…

Even with the suspension of the founder early this year and the subsequent appointment of Kenneth Kinshua as the CEO to turn things around at Ghanaian startup, Dash, it was too late. The vision of Prince Boakye Boampong, former CEO and founder of Dash, to create interoperability between the numerous…

Senegalese authorities have declined to lift the ban on the social media app TikTok unless the company agrees to sign an agreement that establishes a mechanism for account removal. Moussa Bocar Thiam, the communications minister, stated during a press conference that the restriction would remain in place until a comprehensive…

Amazon Web Services (AWS), the cloud-computing division of the company, has announced its plan to establish a development centre in Nairobi, the capital of Kenya. This initiative will lead to the creation of job opportunities in fields such as software development, cloud support, and software engineering. Kenya, often referred to…

The Infrastructure Corporation of Africa LLC (ICA), based in the United Arab Emirates, is set to acquire a 60% stake in Telkom Kenya from the London-based private equity firm Helios. This transaction follows a competitive process and was confirmed by Kenya’s finance ministry. In a significant development, the Kenyan cabinet…

The streaming service provider Netflix is set to discontinue its complimentary plan in Kenya, effective from next month. This decision is expected to impact thousands of subscribers who have enjoyed free access since 2021. In a message sent to users on Tuesday, Netflix conveyed that once the free service is…

Spotify announced that it will be making over 150,000 audiobooks with your Spotify Premium Subscription. The streaming giant says that each Premium individual, as well as plan managers for Family and Duo accounts, is getting 15 hours of listening every month, giving you the chance to enjoy as many titles…

Wahu Mobility Ltd. (Wahu), a trailblazer in the electric mobility sector, announced that it has secured an undisclosed investment from Blue Lion, a distinguished Family Office and Central investment firm affiliated with the German family-owned Schörghuber Corporate Group. Blue Lion’s commitment to supporting sustainable and cutting-edge technology solutions has marked…