Billboxx Secures $1.6 Million Pre-Seed Funding to Expand SME Solutions
Nigerian fintech Billboxx, focused on solving invoicing and cash flow challenges for Small and Medium Enterprises (SMEs), has raised a […]
BUSINESS
CBN Fines Moniepoint and OPay ₦1 Billion Each Amid Increased Fintech Oversight
The Central Bank of Nigeria (CBN) has fined Moniepoint and OPay, two of Nigeria’s leading fintech unicorns, ₦1 billion each
People Daily Halts Print Operations After 32 Years, Goes Fully Digital
Kenyan newspaper People Daily, owned by Mediamax Network Ltd, has ceased print operations after 32 years, transitioning to a digital-only
Pan African Towers Names Oladipo Badru as Acting CEO, Eyes Market Growth
Pan African Towers (PAT), a leading Nigerian telecommunications infrastructure provider, has announced the appointment of Oladipo Badru as its acting
Jumia Sees 18% Growth in Black Friday Orders Amid Currency Headwinds
Jumia Sees 18% Growth in Black Friday Orders Amid Currency Headwinds E-commerce giant Jumia achieved a significant milestone during its
Others
Africa Must Bridge the Policy and Infrastructure Gap to Lead in AI Development
Artificial intelligence (AI) holds transformative potential for Africa, offering an opportunity to create new industries and address the continent’s critical
Netflix Denies Nigerian Market Exit Amid Speculation
Despite speculation fueled by filmmaker Kunle Afolayan’s recent comments, Netflix has denied reports suggesting it is exiting the Nigerian market.
Kenyan Parliament Proposes Extended Timeline for Bank Capital Requirements
Kenya’s parliament finance committee has recommended extending the compliance deadline for new capital requirements for commercial banks from three years
Amsons Group Positioned to Acquire Bamburi Cement After Savannah Clinker Withdrawal
Savannah Clinker has withdrawn its $197.2 million bid to acquire Bamburi Cement, leaving Tanzania’s Amsons Group, with its lower $182