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The Trade and Development Bank (TDB) secured funding of $100 million from British International Investment (BII), the UK’s development finance division. The funding is a strategic move to strengthen economic resilience in Africa. TDB has established itself as a key…
Uber, a popular ride-hailing e-service, has increased its driver’s earnings by 10%. The increment comes after its drivers attempt to boycott the hailing services. The drivers’ action is due to the friction between Lagos State and Uber over the data-sharing…
LemFi, a cross-border digital platform, has received approval to offer remittance services in Kenya. The approval is great news for both Kenyans in the diaspora and the service provider. LemFi is a digital platform that lets people in the diaspora…
Adenia Partners, a private equity firm that works to promote growth in Africa, made an announcement on Wednesday that it had successfully closed its biggest African-focused fund ever. The fund, known as Adenia Africa Fund, has a huge capital of…
A new court submission in an ongoing class action lawsuit against Meta, the parent company of Facebook, has stirred up a controversy on user data privacy. The lawsuit alleges that for almost a decade, Meta allowed Netflix to access the…
Airtel Africa, a telecommunication service provider, and American Tower Corporation have entered an agreement to provide better services to Kenyan citizens. Atlas Towers Kenya filed a complaint against this agreement and reported it to Kenyan regulators, CAK. Airtel Africa and…
The Edo State Government made a significant step in the direction of regulating the ride-hailing industry within its borders. The move is announced in the form of an upcoming launch of Application Programming Interface (API) integration for ride-hailing platforms like…
Kenyan regulator, Competition Authority of Kenya (CAK), has approved the deal between Airtel Africa and American Tower Corporation. Airtel Africa is a telecommunication service provider in Kenya, while American Tower Corporation is a US communications infrastructure company. Atlas Towers Kenya…
In a surprising turn of events, Multichoice Group, the leading African video entertainment company, announced today that Imtiaz Patel will retain his position as chairman until the ongoing acquisition deal with French media giant Canal+ is finalized. This decision comes…
Baobab Network, Africa’s leading accelerator, has acquired South African strategy and branding company, Reflector Marketing. Baobab Network previously stated its dedication to investing in 1,000 African startups in 2023. The acquisition of the branding agency is consistent with the stipulated…
