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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…
In a move that has sparked widespread debate, the Central Bank of Nigeria (CBN) has obtained a court order allowing it to collect customers’ social media handles from banks operating within the country. The decision, which aims to enhance the…
Spiro Raises Fund for a significant financial boost to accelerate its expansion plans across the continent. Afreximbank, the African Export-Import Bank, has provided Spiro with a $50 million debt facility, signifying a major vote of confidence in the company’s vision…
FairMoney, the leading neobank in Africa, has secured a coveted position on the prestigious Financial Times (FT) ranking of Africa’s Fastest Growing Companies for 2024. This recognition shines a spotlight on FairMoney’s exceptional and resilient growth trajectory since its inception…
In a move designed to appease public outcry, the Central Bank of Nigeria (CBN) has officially withdrawn its directive mandating the imposition of a 0.5% cybersecurity levy on all electronic transactions. The decision to suspend the levy, which was met…
Mobile Money has become the undisputed king of cashless transactions in Ghana, with a staggering 98% of all transactions processed through this convenient service. This dominance is highlighted in a recent report by Paystack, a leading African fintech company. The…
The tablet wars have taken a humorous turn this week as Samsung ad mocks Apple iPad Pro advertisement. Apple’s ad, titled “Crush,” featured a hydraulic press crushing various creative tools, including paintbrushes, musical instruments, and cameras. The intended message –…
