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LoftyInc Raises $43M for African Startups. LoftyInc Capital, one of Africa’s most prominent venture capital firms, has successfully raised $43M in the first close of its third fund, LoftyInc Alpha. This marks a significant step forward in its mission to…
French media giant Canal+ has decided to extend the deadline for its planned acquisition of South Africa’s leading pay-TV broadcaster, MultiChoice, by six months. The new deadline for the Canal+ MultiChoice acquisition is now set for October 8, 2025. This…
Nigeria officially ends its 13-year partnership with Remita, the payment platform that has been the backbone of its Treasury Single Account (TSA) system since 2012. The government has introduced a new system called the Treasury Management & Revenue Assurance System…
Kobo360, a Nigerian freight logistics startup once hailed as Africa’s “Uber of trucks,” is facing a dramatic turn of events. Kobo360 investors have sold their equity back to its co-founder and former CEO, Obi Ozor, marking a pivotal moment in…
Namibia’s telecommunications sector has reached a remarkable milestone, generating over N$800 million (equivalent to $43 million) in data revenue. This achievement, often referred to as Namibia’s $43M Data Boom, highlights the growing importance of data services in the country’s economy…
MTN Ghana has achieved remarkable financial success in 2024, reporting a total revenue surge of GHS17.9 billion, marking a significant 34.4% increase from GHS13.3 billion in 2023. This impressive growth comes despite the challenges of inflation and the devaluation of…
Ghana is finally gearing up to launch its central bank digital currency (CBDC), the e-Cedi, in 2025 after years of delays. This move marks a significant step for the country as it seeks to modernize its financial system and improve…
Skype, once a trailblazer in the world of video calling and messaging, is officially set to shut down in May 2025. After more than two decades of connecting people across the globe, Microsoft has decided to retire the platform and…
Nigeria’s digital payment sector is on the verge of a major transformation as PalmPay and CashAfrica join forces to bring contactless payments to the forefront. Despite the rapid growth of digital transactions in the country, contactless payments remain underutilized. This…
Sendstack, a Nigerian logistics startup, is facing another major change as cofounder Ifeoma Nwobu steps down from her role as Chief Operating Officer. This departure comes amid the company’s second pivot in just five months, marking a significant shift in…
