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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…
Unity Bank has reported a massive loss of ₦62.6 billion for the financial year ending December 31, 2023, marking a sharp contrast to the ₦941 million profit it recorded in 2022. This significant downturn highlights the bank’s ongoing financial struggles…
Prosus, a European-listed subsidiary of South African tech giant Naspers, has announced plans to acquire Just Eat Takeaway.com, a leading food delivery company based in Amsterdam, for $4.3 billion in cash. The deal, which values Just Eat Takeaway shares at…
Kenyan CEOs are raising concerns about an economic slowdown in Kenya due to rising costs and tax pressures, which they say are making it harder for businesses to thrive. A recent survey by the Central Bank of Kenya (CBK), which…
Sendstack, a Nigerian tech startup, has made a bold move that could transform its business. The company, which started as a logistics platform connecting delivery drivers with businesses, has shifted its focus to GPS tracking technology. This new direction is…
Multichoice, the company behind popular pay-TV services DStv and GOtv, has announced another price increase for its subscription packages, marking the second hike within a year. The new rates, which will take effect on March 1, 2025, reflect a significant…
A diesel truckers strike in Nigeria is threatening to plunge millions of people into mobile network blackouts, particularly in Lagos and Ogun States. The strike, organized by the Petroleum Tanker Drivers (PTD), a branch of the National Union of Petroleum…