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A court in Lagos, Nigeria, has ordered 54 banks to return N9.3 billion that was stolen during a big cybercrime attack. This happened after a bank, whose name was not shared, was hacked and lost a huge amount of money.…
MTN Group has made some important changes to its leadership teams in Rwanda and South Sudan. This move is part of the company’s plan to improve how it works in East Africa and to prepare for the future. Mapula Bodibe,…
The SASSA R370 grant (yes, it’s R370 now, not R350!) is a real lifeline for many of us here in South Africa. Times are tough, and this money can make a big difference. But once you’ve applied, you’re probably wondering,…
Rwanda’s IZI Electric has just launched something game-changing: the Impala E30, Africa’s first electric coaster bus built from the ground up for the continent’s tough roads and climate. This isn’t just another electric vehicle, it’s a homegrown solution designed to…
Ghana is now using Zipline’s drone delivery services to help get important medical supplies to people, especially because there have been problems with USAID supply chains. USAID is a big organization that usually helps Ghana with health supplies, but lately,…
Nigeria’s internet has just hit a new high! In March 2024, the country’s internet traffic reached 1 terabit per second. That’s a huge amount of data moving every second—enough for 200,000 people to watch high-quality videos all at the same…
Kenya is planning to change how banks decide the interest rates on loans. Right now, banks look at how risky they think each borrower is and set the loan rates based on that. But this method, called risk-based loan pricing,…
Crossfin, a South African investment company, has put money into DigiSquad, a payments company based in Johannesburg. DigiSquad focuses on helping people and businesses in parts of Africa where it’s hard to get access to banks and digital payments. The…
High costs are stopping many Nigerians from buying new smartphones. Instead, they are holding onto their old phones longer. This is happening because prices for new phones have gone up a lot, and the Nigerian currency, the naira, has lost…
Safaricom, Kenya’s biggest phone company, is investing $300 million (about KSh 40 billion) in an Upgrade to Enhance Its M-PESA Service. This big investment comes as Safaricom celebrates 18 years since M-PESA first started helping people send money using mobile…
