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InDrive operates a unique model where passengers pay what they feel is fair, negotiating the fare with the InDrive driver. This unique service has ensured the company’s success in Nigeria. However, it seems the model the company fondly adopted has…
Did you apply for the SRD SASSA grant? It’s time to do a SASSA status check. SASSA is there to help vulnerable and low-income households with the Social Relief of Distress (SRD) grant. This guide will help you navigate the…
Canal+ MultiChoice Ownership faces a stumbling block. France’s Group Canal+ and its acquisition target, JSE-listed MultiChoice Group, have implied ways to get around the regulations on foreign ownership of broadcasters in South Africa. However, they can only go ahead if…
CBN, Central Bank of Nigeria, has directed Moniepoint, OPay, Kuda Bank, and Palmpay to restrict new account openings. This ensues after the recent freezing of 1,146 bank accounts linked to unauthorized forex transactions. The account restriction is to prevent further…
Safaricom Secures Insurance Licence: Safaricom, Kenya’s biggest telco, has secured an insurance licence from the Insurance Regulatory Authority (IRA), ending a four-year wait. The company will now offer insurance services to its M-Pesa users with a new product, Bima, its…
Glo New CEO: Globacom, one of Nigeria’s popular telecommunications providers, has appointed telecom veteran Ahmad Farroukh as its new chief executive officer. According to the telecom provider, the leadership change aims to strengthen the company’s corporate governance and operational performance,…
Moniepoint Funding in African Startups: African startups raised $250 million in funding in October. This development was possible by a significant $110 million Series C round from Nigerian fintech company Moniepoint. This funding achievement represents a strong performance for the…
Visa Investment In Four African FinTech: Visa is pushing in fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program. The company did not disclose the size of each investment but said…
eMedia Plans for eVOD Streaming Service: eMedia Holdings, the parent of e.tv and Openview, describes eVOD as the “Netflix of South Africa”. The company has disclosed its annual results report. The report reveals that eVOD has accumulated nearly 300,000 new registrations…
MTN’s Cameroon unit has refused to exit the market despite a messy legal battle of over $23.72 million in frozen funds and delayed investments. The company insists on staying despite the seizure of its bank accounts in 2022 under a…
