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Pesapal, a leading payments and financial services provider, has partnered with RACK to help small businesses across East Africa move from outdated paper-based systems to a modern digital platform. This new partnership aims to make it easier for small and…
MTN Uganda is taking a major step to separate its fintech business from its main telecom operations, but this move is still waiting for regulatory and shareholder approval. The plan is part of a larger strategy by MTN Group, which…
The Federal Government (FG) of Nigeria has announced a bold plan to empower 100,000 youths annually in forex trading. This initiative aims to tackle the persistent problem of youth unemployment and promote financial inclusion across the country. The government recently…
Nigeria partners with Meta to launch a new AI accelerator program aimed at supporting startups that develop artificial intelligence solutions tailored to the country’s unique needs. This Meta AI accelerator, called the Nigeria AI Accelerator Programme, is a major step…
Elon Musk, the CEO of Tesla and SpaceX, has issued a public apology to President Donald Trump, which has helped Tesla shares recover after a recent sharp drop. Musk posted on his social media platform X, saying, “I regret some…
Jesam Michael, the CEO of Afriq Arbitrage System (AAS), has been remanded in custody by the Federal High Court in Abuja over serious fraud allegations involving $854,416.36 and N590 million. The Economic and Financial Crimes Commission (EFCC) charged Michael and…
Salus Cloud, an AI-native DevSecOps platform, has just made headlines after raising $3.7 million in seed funding to supercharge software delivery across Africa and beyond. This big step is set to change how small engineering teams, especially in Africa, the…
South Africa’s Telkom resumes dividend payment after a strong year, bringing good news to its shareholders for the first time in five years. The telecommunications company, which is partly owned by the government, announced a 62.3% surge in full-year earnings…
Telecom company Airtel Africa has repurchased 1.9 million shares in the second round of its ongoing share buyback program, marking a significant step in its plan to reduce its capital base and enhance shareholder value. This latest purchase is part…
Binance executive Tigran Gambaryan resigns after a dramatic and difficult experience in Nigeria, ending his four-year journey with the world’s largest cryptocurrency exchange. Tigran Gambaryan, who served as Binance’s Head of Financial Crime Compliance, made his resignation public on June…
