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The Nigerian Electricity Regulatory Commission in a show of electricity development has granted permits to MTN, Golden Penny Power Limited, Havenhill Synergy, and others for mini-grid electricity generation. The commission issued nine new off-grid generation licences in the first quarter…
Advent International, one of the world’s largest and most experienced private equity investors, will acquire a majority stake in South African Syspro, one of the longest-standing privately-owned vendors of ERP software in the world. SYSPRO Partnership With Advent International To…
Klasha, a global innovator in cross-border payments, has unveiled its new multi-currency accounts designed to ease international transactions for African and global merchants. Also, the multi-currency accounts are designed to simplify cross-border payments for African and global merchants. Klasha is…
Safaricom has announced its mobile money service, M-PESA, has been re-certified by the GSM Association (GSMA). This is a recognition that underscores the company’s commitment to providing secure, transparent, and reliable financial services. Safaricom M-Pesa Re-Certified The GSMA Mobile Money…
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…
BasiGo, a leading electric bus manufacturer, has secured a $10 million loan from the United States International Development Finance Corporation (DFC). This funding is intended to significantly increase BasiGo’s fleet of electric buses and accelerate the country’s transition away from…
A federal High Court in Abuja refuted the Inspector General of Police’s (IGP) action of ordering 12 banks and financial institutions to reverse billions of naira withdrawn from Flutterwave account. This huge sum of money was allegedly withdrawn at Wema…
South Africa has published a new national AI policy framework and is seeking feedback from stakeholders. The Department of Communications & Digital Technologies is in charge of the framework. National AI Policy in South Africa This framework is the first…
Changelabs, an entrepreneurship support organization, has launched its flagship Fintech for future accelerators in Egypt. The initiative aims to help fintech startups develop their products and raise funding. Changelabs Launches MENA Fintech Accelerator The Program will support 12 innovative SMEs…
African Development Bank (AfDB) has approved a $10 million investment in the KawiSafi II Fund. The significant move is to support Africa’s Climate startups. The investment was approved by the Bank’s Board of Directors and will be allocated from a…