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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…
MTN Nigeria, the nation’s top mobile network operator, experienced a notable fall in its internet subscriber base, a development which was mainly due to the challenges of the ongoing National Identification Number (NIN)-SIM card integration exercise. A policy on mandatory…
Access Bank, the third most populous bank in Nigeria, reportedly lost ₦6.15 billion to fraud and forgery in 2023. This was stated in its latest financial report. The fraud was in different forms: Fraudulent transfers, withdrawals, and reactivation were the…
Jacob Ladder Africa, JLA, and the University of Nairobi have announced the winners of the Renewable Energy Innovation Challenge. The program challenges Kenyan youths to innovate energy solutions to adverse climate change effects. The Renewable Energy Innovative Challenge is a…
Nigeria’s fintech sector suffered a major setback on April 1, 202024,ith the announcement of Thepeer’s closure. The three year old startup that was known for its innovative API based payment solutions will stop its operation and return the rest of…
MTN Group, an African telecommunication service, is set to exit two African countries due to Inflation. The popular network has accepted an offer from Telecel for its equity interest in both countries: Guinea-Bissau and Guinea-Conakry. The company revealed in its…
Access Bank, a subsidiary of Access Holdings, plans to raise $1.5 billion (₦2.09 trillion) through a bond or share sale. Also, another $287 million (₦399.9 billion) from its shareholders via a rights issue to fund its ambitious growth plans so…