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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…
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…
