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The solar industry has been experiencing significant volatility, often referred to as the “solar coaster,” where companies can rapidly rise and fall. In a recent development, SunPower, a major solar installer and a top pick by CNET for national solar…
Lucky ONE, an Egyptian fintech specializing in consumer credit, has successfully secured $3 million in a convertible bond funding round. This strategic investment aims to expand its credit platform and facilitate entry into new regional markets over the next two…
Meta has launched two innovative monetization features aimed at enhancing the financial prospects for eligible creators in Kenya. This initiative is part of Meta’s broader strategy to support digital creators and foster a sustainable ecosystem for content production across the…
Sabipay, the local arm of Pesapal, has successfully obtained a Payments System Business license from the Bank of Zambia. This milestone is expected to revolutionize the way businesses and consumers engage with electronic payments across the country. With this new…
Kenya has officially approved a $907 million proposal from Adani Energy Solutions, a key subsidiary of the Adani Group. This ambitious project aims to construct new power transmission lines and substations across Eastern and Western Kenya, marking a pivotal step…
Telkom, a prominent South African telecom company, has announced impressive results in its trading update for the quarter ending June 30, 2024. The company reported a remarkable 3.9% increase in revenue, reaching R10.9 billion (approximately $587.2 million), alongside a significant…
Samsung has officially confirmed that Samsung Galaxy S24 FE, a highly anticipated addition to its Galaxy lineup, exists. The confirmation comes as a result of a support page that recently appeared on Samsung’s French website, showcasing the model number SM-S721B. …
Mobius Motors, a Kenya-based automaker backed by Playfair Capital, has announced its decision to enter voluntary liquidation after nearly a year of unsuccessful rescue efforts. The company, known for manufacturing low-priced SUVs designed for the unique challenges of African roads,…
FCCPC Accuses WhatsApp of Exit Threat: The Federal Competition and Consumer Protection Commission (FCCPC) has accused WhatsApp of threatening to exit Nigeria following a hefty $200 million fine imposed on the messaging platform. This fine was levied after an investigation…
South Africa vs. MultiChoice Sports Dominance: South Africa is preparing to take on MultiChoice, the country’s leading pay-TV operator, over its monopoly on live sports broadcasts through its subsidiary SuperSport. The South African sports minister, Gayton McKenzie, has issued a…