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Colombian fintech Minka expands into Africa. Colombian cloud-based fintech startup Minka has announced plans to expand its operations into Africa. The first phase of this expansion will see Minka setting up shop in Eastern and Southern African countries, including Kenya,…
In an exciting development for the fintech landscape in the MENA region, FlapKap, an Egypt-born and Abu Dhabi-based fintech platform, has successfully raised $34 million in a pre-Series A funding round. This significant financing comes nearly two years after the…
When well-known inventions are mentioned, they are mostly mentioned alongside inventors of non-African descent but then there are African inventors whose innovations have changed the course of history far and wide but most of these African innovators remain unknown. While…
MTN Defends Against Vodacom Lawsuit: Vodacom recently took MTN South Africa, Cell C, and Liquid Intelligent Technologies to court. The company challenged the legality of their spectrum pooling arrangements. The conflict, rooted in South Africa’s telecoms regulations, mirrors the fierce…
Kenya has made a significant move in making use of the transformational power of Artificial Intelligence (AI) by declaring that it will work on developing an all-inclusive National AI Strategy. This initiative, which was launched on April 8, 2024, in…
Crowdstrike May Be Behind Worldwide IT Disruptions: Businesses worldwide encountered a major IT outage Friday, as financial services and doctors’ offices were disrupted, while some TV broadcasters went offline. Air travel has been hit particularly hard, with planes grounded, services…
MultiChoice Nigeria chaos: MultiChoice, a leading video entertainment provider in Africa, is facing a number of challenges in the Nigerian market. The Nigerian economy is currently experiencing a period of instability, characterized by currency volatility and high inflation. These economic…
IFC Johnvents Industries $23m support: International Finance Corporation (IFC), and Johnvents Industries Limited announced a partnership to expand the company’s cocoa processing operations and increase its export capacity to global markets on Wednesday. The corporation offers a $23.3m financing package…
The South African Competition Commission has prohibited the proposed merger between Vodacom and Maziv, a mobile virtual network operator (MVNO). The decision, which was announced on Friday, follows an extensive hearing process in which the Commission heard arguments from both…
NNPCL Ends Fuel Import: The Nigerian National Petroleum Company Limited has stopped importing refined petroleum products and will now buy fuel from the Dangote Petroleum Refinery and other local refineries. According to Punch, NNPC’s Group Chief Executive Officer, Mele Kyari,…
