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Canal+ is expanding its reach in the African pay-TV market. Vivendi SE’s Canal+ has doubled its stake in MC Vision to become the major shareholder of the Mauritius-based digital pay-TV company. According to Bloomberg, the French company had increased its…
Quizac, a promising startup focused on enhancing learning experiences through interactive quizzes, has announced its closure. The decision comes just months after the Quizac team made headlines for turning down a $250,000 investment offer from a venture capital firm. This…
The West African Examinations Council (WAEC) has announced that candidates can now easily check their 2024 May/June results using their phones. This exciting development comes as a relief to many, as the traditional methods of visiting schools or waiting for…
In recent weeks, Kenyan drivers have found themselves embroiled in a heated dispute with ride-hailing apps over fare rates and working conditions. As these ride-hailing companies continue to expand their operations in Kenya, drivers are increasingly voicing their concerns regarding…
Echoing Green, an organization of social innovation, has announced that 44 recipients were selected for the 2024 cohort of the Echoing Green Fellowship. The newest Fellows would work in 21 countries and is one of the largest and most geographically…
Egypt, Africa’s largest electricity producer, has installed a new transformer in Badr linking to Saudi Arabia. This makes inroads into other Asian and European countries as a key electricity distributor. Egypt has been making major steps in expanding its electricity…
Dubai-based Rowad Capital Commercial (RCC) is poised to make a significant investment of $225 million in Uganda Telecommunications Corporation Limited (UTel), marking a pivotal moment for the Ugandan telecommunications sector. This investment will allow RCC to acquire a 60% stake…
Jumia’s share price falls from 53.82% to $4.89 on Tuesday, after the Africa-based e-commerce brand posted Q2 financial results that disappointed investors. The firm provides e-commerce and delivery services much like Amazon (NASDAQ:AMZN) does in the U.S. Jumia’s Share Price…
Network International, a Dubai-based payment services provider, has launched its new digital payment platform, Network One, in Nigeria. This $250 million platform is designed to empower banks, mobile network operators (MNOs), and fintechs across Nigeria and the broader West African…
AliExpress, the international online retail subsidiary of the Chinese eCommerce platform Alibaba Group, is poised to make a significant entrance into the Ethiopian market. This development comes following a finalized agreement announced by Dr. Abiyot Bayu, Senior Advisor to Ethiopia’s…
