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Egypt’s Valu secures $63.6 million financing boost, marking a big win for the country’s growing fintech scene. The Egyptian fintech company Valu has signed a short-term financing agreement of up to EGP3 billion (US$63.6 million) with the National Bank of…
Namibia rolls out free internet for schools and clinics. This exciting news means better access to the online world for many people in far-off places. The government wants everyone to connect, learn, and get help easily. Namibia free internet for…
Safaricom’s $1.3 billion deal hits regulatory roadblocks in Kenya, creating uncertainty for one of the country’s biggest business moves. Vodacom, South Africa’s top mobile phone company, wants to buy more shares in Safaricom to own 55% of it. This plan…
PayPal launches direct payments in Nigeria. This big news means direct payments in Nigeria are now possible through strategic partnership with Paga. Nigerians can now link their PayPal accounts directly to Paga wallets and withdraw funds in Naira. This ends…
To celebrate International Women’s Day (IWD), Moniepoint Inc., a leading digital financial services provider and Africa’s fastest-growing financial institution, has announced an expansion of its “Women in Tech” program. This year, the initiative will grow from offering 10 internship spots…
One of the popular ride-hailing companies in Nigeria, inDrive, has announced that they are not affected by the protests carried out by the Lagos e-hailing drivers. On the contrary, the company claims that the time of the protests has seen…
The Central Bank of Nigeria (CBN) has made a big move for the fintech world. CBN approves full national licences for Opay and other fintechs like Moniepoint, Kuda, and PalmPay. This upgrade changes their licenses from limited ones to full…
The Nigerian Communications Commission (NCC) has introduced a new rule that makes it easier for fresh telecom companies to test their services. NCC sets ₦250,000 approval fee for new telcos to run service trials, as stated in the General Authorisation…
MTN and Airtel lose $7m in Uganda after a long internet shutdown finally ends. Mobile network operators MTN and Airtel have suffered big losses because of internet blackouts in the country. A report from CEO EastAfrica Media says a four-day…
SpaceX targets mid-March for the debut test of its upgraded Starship rocket, as shared by CEO Elon Musk on his social media site X. This news marks a key step for the company’s ambitious space plans. The first test of…
