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The Trade and Development Bank (TDB) secured funding of $100 million from British International Investment (BII), the UK’s development finance division. The funding is a strategic move to strengthen economic resilience in Africa. TDB has established itself as a key…
Uber, a popular ride-hailing e-service, has increased its driver’s earnings by 10%. The increment comes after its drivers attempt to boycott the hailing services. The drivers’ action is due to the friction between Lagos State and Uber over the data-sharing…
LemFi, a cross-border digital platform, has received approval to offer remittance services in Kenya. The approval is great news for both Kenyans in the diaspora and the service provider. LemFi is a digital platform that lets people in the diaspora…
Airtel Africa, a telecommunication service provider, and American Tower Corporation have entered an agreement to provide better services to Kenyan citizens. Atlas Towers Kenya filed a complaint against this agreement and reported it to Kenyan regulators, CAK. Airtel Africa and…
Kenyan regulator, Competition Authority of Kenya (CAK), has approved the deal between Airtel Africa and American Tower Corporation. Airtel Africa is a telecommunication service provider in Kenya, while American Tower Corporation is a US communications infrastructure company. Atlas Towers Kenya…
Baobab Network, Africa’s leading accelerator, has acquired South African strategy and branding company, Reflector Marketing. Baobab Network previously stated its dedication to investing in 1,000 African startups in 2023. The acquisition of the branding agency is consistent with the stipulated…
Access Bank, the third most populous bank in Nigeria, reportedly lost ₦6.15 billion to fraud and forgery in 2023. This was stated in its latest financial report. The fraud was in different forms: Fraudulent transfers, withdrawals, and reactivation were the…
Jacob Ladder Africa, JLA, and the University of Nairobi have announced the winners of the Renewable Energy Innovation Challenge. The program challenges Kenyan youths to innovate energy solutions to adverse climate change effects. The Renewable Energy Innovative Challenge is a…
MTN Group, an African telecommunication service, is set to exit two African countries due to Inflation. The popular network has accepted an offer from Telecel for its equity interest in both countries: Guinea-Bissau and Guinea-Conakry. The company revealed in its…
Access Bank, a subsidiary of Access Holdings, plans to raise $1.5 billion (₦2.09 trillion) through a bond or share sale. Also, another $287 million (₦399.9 billion) from its shareholders via a rights issue to fund its ambitious growth plans so…
