News

The Adani Group, a prominent Indian conglomerate, has recently made headlines with its proposal to redevelop the Jomo Kenyatta International Airport (JKIA) in Kenya.  The $1.85 billion project has sparked significant debate and controversy, particularly following a court ruling that…

As Kopo Kopo prepares for a potential acquisition by Nigeria’s Moniepoint, it has announced key appointments to its executive leadership team.  The fintech, founded in Kenya, is gearing up for its next phase of growth under the guidance of its…

The tech industry is grappling with unprecedented layoffs, with over 211,000 tech companies employees losing their jobs globally since the beginning of 2024.  This trend continues a troubling pattern that began in early 2023, driven by economic challenges, high interest…

Xero, the renowned accounting software giant, has announced its intention to acquire the South African analytics platform Syft for $70 million.  This acquisition, which is expected to close between October and December 2024, is contingent upon regulatory approval and marks…

Lagos State Government has announced that the electronic call-up (e-call-up) system will take effect on the Lekki-Epe corridor from September 23, 2024.  This development is to avert severe congestion by articulated trucks and improve the efficiency of logistics operations within…

Uber and Bolt drivers in KwaZulu-Natal have embarked on a protest and have vowed to continue until their grievances are met. In preparation for the shutdown, drivers have parked in various areas around the province. KwaZulu-Natal Uber and Bolt Drivers…

Hohm Energy Services filed for voluntary liquidation with the Companies and Intellectual Property Commission (CIPC). The company informed creditors that those with claims over R1,000 are entitled to nominate a liquidator for the appointment. The solar energy company halted operations…

PalmPay has officially launched its *862# USSD code payment service, expanding its financial offerings beyond its popular app.  This initiative aims to provide Nigerians with a reliable means of managing their finances without the need for internet connectivity.  The announcement…

South Africa’s Home Affairs Minister Leon Schreiber has unveiled an ambitious plan to digitise the department, aiming to eliminate the long queues that have long plagued South Africans seeking essential services.  This digital transformation is set to overhaul the current…

M-KOPA Holding, a prominent asset financing startup, is set to pay taxes in Kenya following a recent ruling by the Tax Tribunal.  The tribunal dismissed the company’s appeal against a $6.8 million tax demand covering the years 2017 to 2019. …