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Cellulant, an African payment company, has announced the appointment of several high-profile executives to its management team. This move signifies a major step forward in its growth strategy. Cellulant New Hires Focus on Technology Advancement These appointments focus on bolstering…
Seacom, a global Telecoms provider, has launched a low-earth orbit (LEO) satellite service. The satellite is a form of the ones Elon Musk’s Starlink has popularized in recent years. The service, which is being offered in partnership with Eutelsat OneWeb,…
Vodacom Tanzania PLC, a popular telecommunications provider in Tanzania, has finalized the acquisition of Smile Communication Tanzania Limited. Smile is a smaller telecommunications company that was purchased for 68.8 billion Tanzanian Shillings (approximately USD 27.4 million). Vodacom Tanzania Acquires Smile …
TikTok, the popular Chinese platform, announced the deletion of 1.7 million videos from Nigerian users in the fourth quarter of 2023. The social media platform attributed this action to violations of its Community Guidelines. It noted Nigeria’s presence among the…
Pula, a Kenyan-based Agric insurance technology company, raised $20 million in a Series B funding round. The company asserted that the new funding will be used to create new partnerships in its expansion to include livestock insurance. About Pula Thomas…
Guaranty Trust Holding Company Plc, the parent company of GTBank, is seeking shareholders’ approval to raise $750m (N922.5bn at N1230/$) capital to meet the new capital requirement set by the Central Bank of Nigeria. This initiative aligns with the efforts…
US pharmaceutical and biotechnology firm, Moderna, has discontinued its endeavors to build an mRNA manufacturing facility in Kenya. The firm said this in a statement on Thursday, Apr 11. Moderna Has Not Received Vaccine Orders For The Continent Since 2022…
Pesa, a Nigerian cross-border financial services provider, has announced its expansion into India following impressive results serving the West African diaspora (Nigeria, Ghana, and Cameroon). PESA Now Available In India After achieving $2 million in revenue (and profitability) in its…
Airtel Africa has made a notable move of repurchasing its shares from Citigroup Global Markets Limited. Airtel bought back 8.6 million ordinary shares from Citigroup. The buyback plan was initiated on March 1, 2024. The unique move is part of…
Verod-Kepple Africa Ventures (VKAV) has surpassed a significant milestone by closing its first fund at $60 million. The latest funding round includes support from Nigeria’s SCM Capital, formerly Sterling Capital Markets Limited, along with other notable investors such as Taiyo…
