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Chinese e-commerce giant PDD Holdings is experiencing a surge in sales, driven in large part by the tremendous success of its Temu platform. Temu, a global competitor to Amazon and Shein, has witnessed explosive growth since its launch, establishing itself…
In a move that is set to revolutionize cloud computing and artificial intelligence (AI) in East Africa, tech giant Microsoft has announced plans to build a state-of-the-art data center in Kenya. The new data center, which will be located in…
In a move that is set to revolutionize money remittance for immigrants in Ghana, Ghanaian fintech startup Zeepay has been granted approval by the Bank of Ghana to conduct outbound money transfers. This landmark decision will allow Nigerian and Ivorian…
In a move that will significantly improve access to cash for millions of South Africans, TymeBank has announced a strategic partnership with Flash. This collaboration enables TymeBank clients to conduct cash withdrawals at spaza shops across the nation. The partnership…
In a landmark ruling, South Africa’s Constitutional Court has dealt a significant blow to former President Jacob Zuma’s political ambitions, declaring him ineligible to run for a seat in parliament. The decision, handed down on Wednesday, effectively bars Zuma from…
The African continent is experiencing a surge in fintech growth, with South Africa emerging as a particularly attractive market for investors. This growth is being driven by a number of factors, including a large unbanked population, a growing middle class,…
In a move designed to bolster Nigeria’s cybersecurity defenses, the Information Security Society of Africa-Nigeria (ISSAN) has made a public appeal for intensified collaboration with the Economic and Financial Crimes Commission (EFCC) in tackling the pervasive issue of cyberfraud. This…
The International Finance Corporation (IFC) has highlighted a significant challenge hindering the rapid adoption of technology in Africa – high costs. According to a recent report by the IFC, the expenses associated with implementing and utilizing technology in Africa are…
The United Bank for Africa (UBA) has expressed unwavering confidence in its ability to fulfill the N500 billion capital base requirement stipulated by the Central Bank of Nigeria (CBN) by the March 2026 deadline. This assurance comes amidst growing industry-wide…
South Africa’s electric vehicle (EV) landscape is set to be revolutionized with the introduction of the Dayun S5 Mini, an affordable electric car and eco-friendly vehicle specifically designed to meet the needs of South African drivers. This exciting news comes…
