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Chinese Steel Plant In Ogun: A Chinese company, Inner Galaxy Steel Company Limited, is set to invest about $300 million to establish a new steel plant for the production of specialized steel products in Ogun State. Minister Approves Chinese Steel…
Capway Fintech Shutdown: CapWay, the fintech startup aimed at tackling financial inequity, has officially shut down. Founder Sheena Allen announced the closure, expressing pride in CapWay’s mission while also sharing disappointment that the journey ended prematurely. She said, “I am…
Netflix, a popular streaming platform, has changed the subscription prices for its Nigerian audience. The change in subscription prices took effect yesterday, April 1st, 2024. This development is not only restricted to Nigeria, it will also be effective in other…
Yellow Card Raises Funding: Yellow Card, the crypto platform in Africa, has raised $33 million in equity financing to fund growth and expansion, particularly through enhancing Yellow Card’s API and widget products. The funding brings to US$85 million in completed…
KCB Partners With Dutch Firms: KCB Bank Kenya and Invest International, a Netherlands public-private financial institution have signed a deal to set up a dedicated hub in Kenya to support Dutch entrepreneurs seeking financing solutions in emerging markets. The Kenyan…
Telecommunications infrastructure company IHS Towers, the Association of Licensed Telecom Operators of Nigeria (ALTON), and the Nigerian Communications Commission (NCC) have proposed strategies to safeguard Nigeria’s telecommunications infrastructure from cyber threats, theft, and vandalism, which are crucial for the country’s…
Jumia Exit South Africa: Jumia Technologies AG, Africa’s leading e-commerce platform, has announced plans to shut down its operations in South Africa, where it operated under the brand name Zando, and Tunisia by the end of 2024. This strategic move…
Syntax System Acquires Argon: Syntax Systems, a Canadian technology solutions company, has announced it has acquired Argon Supply Chain Solutions, a South African firm specializing in warehouse management and supply chain optimization solutions. Argon serves a growing range of multi-national…
Safaricom New CTIO: James Maitai has been appointed as the Group Chief Technology and Information Officer (CTIO) at Safaricom PLC, effective November 1, 2024. The announcement was made by CEO Peter Ndegwa C.B.S., who emphasized that this move accelerates Safaricom’s…
The Nigerian telecom sector has seen an improvement in foreign direct investments this year as it attracted a total of $304 million in the first six months of this year. This figure more than doubled the $134.75 million the sector…
