News

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…

Bharti Airtel International (Netherlands) B.V., Airtel Africa subsidiary, has repaid in full the 5.35% Guaranteed Senior Notes maturing on May 20, 2024. Airtel Africa Debt Repayment The company stated that $550 million Airtel Africa bond repayment was made exclusively out…

Jaiz Bank profit increased by 300% year on year in the first quarter of financial year 2024. This is according to the Islamic lender’s unaudited financial statement posted on the Nigerian Exchange (NGX) on Sunday. Jaiz Bank Profit Journey From…

Orange and Vodacom Partnership: Vodacom Group and France’s Orange have created a strategic partnership to explore infrastructure deals in Africa. The partnership will ensure subsidized costs on the continent.  According to Bloomberg, both telecom companies are exploring agreements in markets…

Google Workspace Vs Microsoft Office: Google Workspace and Microsoft Office are the most popular and commonly used suites of business with tools that offer solutions and enhance productivity. They both aim to offer a solution for easier communication and collaboration.…

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In a move designed to appease public outcry, the Central Bank of Nigeria (CBN) has officially withdrawn its directive mandating the imposition of a 0.5% cybersecurity levy on all electronic transactions.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…

MTN Ex CEO joins Jumo. Bradwin Roper, ex-CEO of Momo MTN, has made a jump to the fintech Jumo as head of payment partnerships. This arrangement will be made effective from 1 November 2024, after his tenure at Momo Mtn. …

OpenseedVC, an operator-led venture capital firm, has announced its first close of a $10 million early-stage fund for tech startups in Europe and Africa. The fund is set as investments for seasoned operators taking on new ventures. The investment will…