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CBN Orders Kuda, Moniepoint, OPay and Palmpay to Stop New Account Openings
CBN, Central Bank of Nigeria, has directed Moniepoint, OPay, Kuda Bank, and Palmpay to restrict new account openings. This ensues after the recent freezing of 1,146 bank accounts linked to unauthorized forex transactions. The account restriction is to prevent further…
Chowdeck Raises $2.5 million to Strengthen its on-demand Delivery Service in Nigeria
Nigeria’s Chowdeck, an on-demand delivery service, recently received an investment of $2.5 million in seed funding to strengthen its position and boost growth in the country’s thriving delivery market. The announcement of this funding round on April 30, 2024 marks…
Guinea and Gambia are Set to have New Subsea Cable soon
The African region has continued to experience network outages after the subsea cable got damaged a while ago. In response, Guinea and Gambia agree to study ways to set up a new subsea cable for their nation’s advancement. The outages…
UberEats Launches in Kisumu
Expansion is a major goal of all relevant businesses and Uber is no exception. The ride-hailing platform has launched its food delivery wing, UberEats, in Kisumu. This significant move will bring Kisumu’s citizens different food and service options while expanding…
160 Tech Startups from 8 African countries Set to Exhibit at the African Tech Startup Forum 2024
ATSF, African Tech Startup Forum 2024, is set to reveal its first cohort of 160 Tech Startups from 8 African countries. These tech start-ups are coached by industry leaders and networked with other successful startups, and investors. About ATSF ATSF…
South Africa’s Regulator Reinforces Transaction Rules for Crypto Institutions
South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA) has made strides in shaping the framework for digital assets in the nation. In a statement, the FSCA detailed a series of strengthened transaction guidelines targeted at providers offering asset…
NCC Suggests Partnerships to Cut Telecom Costs in Nigeria
Financial challenges have been affecting Nigeria’s telecom sector, leading to worries about increases in call and data charges. Yet the Nigerian Communications Commission (NCC) the body for the industry, has suggested a strategy that may be advantageous, for both telecom…
Lagos State Government and Uber Settle Dispute
The Lagos State Government and ride-hailing giant Uber have finally reached a resolution after a month of uncertainty and tension. The conflict was based on a 2020 deal that required ride-hailing operators within the state to share real-time data. The…
Cisco Launches New Cybersecurity Centre to Help Fight Kenya’s Cyber Attacks
Kenya’s cybersecurity has been significantly strengthened thanks to a new move by Cisco, which is a worldwide leader in networking as well as IT solutions. Cisco has officially unveiled its very first Cyber-security Technology Experience Centre in Africa—a key breakthrough…
Glovo and Uber Eats Receive Orders to Open Physical Offices in Kenya
The Kenyan business landscape will be getting increasingly congested, with two global food distribution firms, Glovo and Uber Eats being notified to have physical outlets in the nation. Named the Country’s fair market practices overseer, Competition Authority of Kenya (CAK)…