2024-02-05 10:59
RightCard Payment Services Limited (LemFi) is proud to announce that it has obtained approval from the Bank of Ghana (BoG) to resume its remittance services to Ghana with some of its approve… Read More
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News and analysis about tech, talents, startups, and investments in Africa by Benjamin Dada and his team
2024-02-05 08:00
Our inaugural report on the state of VC Funding in Africa is out! 🎉African startups raised $2 billion in equity funding across 263 deals in 2023, marking a 43% decline from the $3.3… Read More
2024-02-02 16:58
Roughly three years ago, the Central Bank of Nigeria (CBN) embargoed cryptocurrencies from the country’s banking halls. Citing threats to the safety of the system, the Bank with an iro… Read More
2024-02-02 12:13
The Xiaomi’s Redmi Note series has always been a favourite among smartphone users who want a good performance at a reasonable price. The Redmi Note 12 5G Series, launched last year, wa… Read More
2024-02-02 11:50
Class54, the innovative AI-powered adaptive learning platform designed to help students excel in their exams, announced today that it has surpassed 50,000 registered users since its launch i… Read More
2024-02-01 13:18
French TV giant, Canal+ has offered to up its stake in South Africa's Multichoice, acquiring the rest of the company. Canal+ currently owns a 31.67% stake in the South African pay-TV pr… Read More
2024-02-01 11:30
The ARM Labs Lagos Techstars Accelerator is excited to announce its Demo Day event, set to take place on February 20th, 2024, at 3PM WAT in Lagos, Nigeria. The invite-only event will sh… Read More
2024-01-31 20:12
Ever since cryptocurrencies went mainstream, many financially aware Nigerians have been using them to make transactions, save money, and earn income.The current economic situation, character… Read More
2024-01-31 14:52
In 2023, African startups raised $2 billion in equity funding across 263 deals, marking a 43% decline from the $3.3 billion raised in 2022, according to the BD Funding Tracker. Additionally… Read More
2024-01-31 13:26
Klasha, a leading global cross-border payment company, is thrilled to announce its strategic partnership with FOMO Pay, a prominent digital payment and digital banking solutions provider in… Read More
2024-01-31 10:00
Today, we are glad to announce our inaugural State of Funding in Africa report. The report, which aims to provide a comprehensive view of the African tech funding ecosystem, reveals tha… Read More
2024-01-30 17:13
London-based off-grid solar energy firm Bboxx is relocating its headquarters to Kigali, the capital city of Rwanda, in its efforts to show its commitment to being an Africa-first company.&nb&hell…Read More
2024-01-29 16:50
United Kingdom-based low earth orbit (LEO) satellite communications firm OneWeb is bullish on conquering the South African internet connectivity space. The Eutelsat-owned service is racing t… Read More
2024-01-29 16:01
Only three African startups have been selected for the 2024 winter batch of Y Combinator (YC), arguably the most coveted global accelerator. Two of the startups have been publicly disclosed;… Read More
2024-01-29 15:50
Can we all agree that Africa and the world, in general, are buzzing with tech fever? Projections for 2024 are mind-blowing: $8 TRILLION in tech! That's a digital revolution reshaping everyth… Read More
2024-01-29 14:19
In March 2022, alGROWithm announced a groundbreaking initiative where they started building Africa’s first-ever Growth Talent Accelerator Program (GTAP). Fast forward to today and alGR… Read More
2024-01-29 13:24
Three months after its launch, Sony Innovation Fund: Africa, a $10 million fund has made its inaugural investment in Carry1st, a leading African game publisher."We are excited to welcome Car… Read More
2024-01-29 08:31
So far, two African startups, Cleva and Miden (by Tyrus Technologies), have been admitted into the Y Combinator (YC) Winter 2024 batch, according to the accelerator's directory. Both startup… Read More
2024-01-28 11:14
After graduating from HEC Montréal in Canada, Cyrine Ben Fadhel embraced Beyoncé's advice and "found her way back" to Tunisia. Despite potentially lucrative opportunities in Qu… Read More
2024-01-26 16:29
In 2023, Nigerian HRTech company, Pade paid out ₦11.473 billion worth of salaries to employees of its clients such as Flutterwave, Famasi, Risevest, Max and Dantata. This is a 41.1% av… Read More
2024-01-25 16:05
Electric vehicles are less popular in Africa than anywhere else, but a crop of Chinese manufacturers are contributing to a change of narrative as they look to rival the West's influence in t… Read More
2024-01-25 11:26
2024's definitive list of the most powerful African passports is here! Seychelles, Mauritius, South Africa, Botswana, Namibia, Lesotho, Eswatini, Kenya, and Tanzania made it to the list.For… Read More
2024-01-25 06:00
After completing more than 100 million identity verifications across Africa in the past five years, a report from Smile ID, a leading digital KYC provider in the region, indicates that 80% o… Read More
2024-01-24 14:40
Atop the growing count of people across Africa gaining access to the internet, the domain names and hosting services market has started to pick up pace. As more Africans come online, a paral… Read More
2024-01-24 10:53
Streaming giant Netflix has sealed a historic $5 billion historic 10-year deal with the World Wrestling Entertainment (WWE) to stream wrestling matches live.Under the terms of the deal, Netf… Read More
2024-01-24 10:00
Smile ID, the leading identity verification authority in Africa, has announced a significant milestone of surpassing 100 million identity verifications across the continent. This achievement… Read More
2024-01-24 09:24
Nigerian wealthtech startup; Cova co-founded by ex-CEO and founder at Printivo, Olu'yomi Ojo and Yomi Osamiluyi, is shutting down due to "several factors", the co-founders said in an email t… Read More
2024-01-23 16:32
In 2021, about 1.6 million reports, constituting 42% of all Bank Secrecy Act (BSA) filings in the US, were focused on concerns related to identity fraud, as disclosed in a report by the US F… Read More
2024-01-23 16:18
Nigeria has recently become a prominent tech outsourcing hub through demographics, infrastructure, and skills. With about 60% of its population being young, the country has the potential to… Read More
2024-01-23 15:30
In the last few years, Africa’s logistics market has experienced significant growth, primarily driven by e-commerce, increased trade, and improved infrastructure. A surge in onlin… Read More
2024-01-23 12:13
Late last year, the Independent Communications Authority of South Africa (Icasa), warned the use of Starlink, Elon Musk’s satellite internet service, is illegal in South Africa due to… Read More
2024-01-22 17:00
As of Monday evening, when we visited RovingHeights' website, the option to buy through Zilla was no longer available. Until its closure, the startup provided shoppers in Nigeria with intere… Read More
2024-01-22 16:15
Ugandan ride-hailing startup, SafeBoda, is set to re-launch in Kenya via Nairobi, the capital city, in February. According to a countdown on its website as of today, January 22, 2024, the ri… Read More
2024-01-22 11:01
As we approach the end of the first month of the new year, we're excited to return to your inbox with weekly briefs, providing news analysis on events in the African tech ecosystem.In 2023… Read More
2024-01-19 19:29
Access to the internet has been disrupted by the government of the Union of Comoros, as it looks to quell mass protests that have trailed the East African archipelago's just-concluded presid… Read More
2024-01-19 17:56
The Central Bank of Nigeria (CBN) has published its 2024 Monetary Policy Committee (MPC) meeting calendar, starting in February. Olayemi Cardoso, who took office as the CBN governor in Septe… Read More
2024-01-18 18:59
Amazon Prime Video, an American streaming service, is reportedly tightening its budget and executing staff layoffs within its teams in Africa and the Middle East, as per a report from Variet… Read More
2024-01-18 14:56
The Africa Cup of Nations (AFCON) is the pinnacle of African football, a tournament that unites millions of fans across the continent and beyond. With the 2023 edition currently underway, ex… Read More
2024-01-18 13:00
In contrast to the euphoria surrounding the release of the Pixel 8 and iPhone 15 last year, Samsung has released its latest flagship phone to the S24 family, which marked the debut of real-t… Read More
2024-01-18 09:11
The apex of Angola (Banco Nacional de Angola) suffered a cyberattack on its systems on January 6th, 2024.Revealing the incident in a fresh statement, the Bank says that the breach was howeve… Read More
2024-01-18 09:08
In December 2023, TymeBank, a neobank based in South Africa, achieved its first month of profitability, rebounding within six months after incurring a loss of approximately $45 million in Ju… Read More
2024-01-17 12:26
Africa’s leading B2B2C event servicing company, Eventhive.ng has announced the return of its annual Lagos Tech Fest in 2024.The 2024 edition of the event is set to happen on the 15th o… Read More
2024-01-17 11:23
The United Nations Development Programme (UNDP) has launched timbuktoo Initiative, a $1 billion innovation fund to invest in African startups. It is arguably Africa's largest innovation fund… Read More
2024-01-17 08:47
Earlier, we reported that Cell C, one of South Africa's top telecoms operators, revealed to the local market its plans to lay off a fraction of its workforce in an attempt to stay afloat in… Read More
2024-01-17 08:47
As part of its strategy to cut costs and become operationally flexible, Cell C, one of South Africa's top telecoms operators, looks to lay some of its workforce, in what the company describe… Read More
2024-01-16 17:01
Ezdehar, an Egyptian private equity firm, has secured a minority share in Yodawy, a healthtech startup based in Egypt. The investment, totaling $10 million, was made via the Ezdehar Mid-Cap… Read More
2024-01-16 12:21
It was by multiple accounts an unprecedented development when, in early 2022, it was brought to notice that a fellowship of some top African tech leaders, the likes of Olugbenga Agboola, wer… Read More
2024-01-16 10:43
Vodafone, the British telecom giant operating in Africa, Asia, Europe, and Oceania, has entered a decade-long strategic partnership with Microsoft. The collaboration aims to introduce genera… Read More
2024-01-15 18:08
On January 9, unidentified terrorists kidnapped Mansoor Al-Kadriyar, as well as five of his daughters and one niece, from his residence in the Zuma 1 Bwari area, located in Abuja, the capita… Read More
2024-01-15 10:23
Thaheer Mullins serves as a partner at Savant Venture Fund 1, South Africa's primary deep-tech, science & engineering venture fund. Intrigued by the distinctive approach of Savant’… Read More
2024-01-15 04:46
Somaliland, an East African state recognized as a de jure part of Somalia, has received its first-ever commercial fifth-generation network connection. The launch, which includes Fixed W… Read More
2024-01-12 15:28
Internet subscription prices in Zimbabwe are going through the roof in the aftermath of service charge revisions by telecom operators, adding to the economic hardship faced by millions of pe… Read More
2024-01-11 13:58
On Wednesday night (January 10), the Central Bank of Nigeria (CBN) dissolved the management teams of three Nigerian banks: Union Bank, Keystone Bank, and Polaris Bank. Sidi Hakama, the actin… Read More
2024-01-10 11:10
In October 2023, Kenya lifted visa restrictions for visitors in a bid to promote continental trade. According to President William Ruto, "It is time we realise the importance of trading amon… Read More
2024-01-10 09:22
Africa's biggest TV network, the Nigerian Television Authority (NTA) has revealed via its X handle that it has obtained the rights to broadcast all 52 African Cup of Nations (AFCON) events… Read More
2024-01-10 08:02
Fez, a leading logistics and technology company, today announced the launch of Fez Safe Lockers, a revolutionary network of automated lockers designed to transform last-mile delivery in Nige… Read More
2024-01-09 16:03
Welcome to 2024!We came of age last year, and it has been a continued journey of growth; marked with ups and downs. However, we’ve continued to sharpen our editorial to bring you impre… Read More
2024-01-09 15:31
Ericsson might be better known for making 5G networks than facilitating payments, especially in Africa. However, the Swedish multinational also operates the Ericsson Mobile Wallet Platform… Read More
2024-01-09 11:34
On Monday night, several Nigerian tech professionals, especially those in the design community began changing their X display pictures to blue, accompanied by gloomy tweets. “Creative… Read More
2024-01-09 08:10
The rise of artificial intelligence (AI) in the past few years has created growing excitement about its potential to revolutionise entire industries. At its best, AI offers individuals and c… Read More
2024-01-08 21:11
President Bola Tinubu of Nigeria has dismissed Babatunde Irukera from his role as the executive vice chairman and CEO of the Federal Competition and Consumer Protection Commission (FCCPC).Aj… Read More
2024-01-08 14:32
On Monday, January 8, the Nigerian Communications Commission (NCC) announced the partial disconnection of Globacom (GLO) from MTN due to the telco's non-payment of interconnect charges owed… Read More
2024-01-08 11:57
Anchor, the pioneering banking-as-a-service/embedded finance platform leading fintech company, is embracing change in its latest rebranding effort. The rebrand introduces a fresh visual iden… Read More
2024-01-08 10:53
Nigerian fintech startup, Cleva is arguably the first African company in Y Combinator's 2024 winter batch to feature in the accelerator's directory. On Monday, Cleva announced raising $1.5 m… Read More
2024-01-07 22:32
Confidential information allegedly obtained dubiously from the digital systems of Kenya Airways (KQ) has been leaked online.A notorious group of organized hackers going by the name Ransomexx… Read More
2024-01-07 13:47
Nigerian neobank Kuda has recorded ₦55.8 trillion (~$61.4 billion) in transactions since its launch in August 2019, as revealed by CEO Babs Ogundeyi in a New Year message to users. Ogu… Read More
2024-01-05 13:57
Peter Njojo, CEO of Nairobi-based eCommerce and food distribution startup Twiga Foods, has announced that he is officially departing from the company.This development comes with little surpr… Read More
2024-01-05 03:26
On Saturday, January 13, the Alassane Ouattara Olympic Stadium of Ebimpe in Abidjan will host the kickoff of the 2023 Africa Cup of Nations (AFCON), a continental male football tournament, f… Read More
2024-01-05 02:23
Six out of the seven predictions we tracked last year have come to fruition. It is a few days into 2024, and we have compiled the trends that could potentially impact the African tech ecosys… Read More
2024-01-04 14:45
Cellulant, a Kenyan-based payments fintech company, has today announced that Group CEO Akshay Grover will leave the company effective January 2024. Current CFO, Peter O’Toole, will ove… Read More
2024-01-04 14:11
Cameroonian fintech startup Koree, which allows customers to save spare cash (change) on their card, has raised $200,000 Pre-seed round.The round was backed by Cameroon Angels Network, Catal… Read More
2024-01-03 22:50
Despite increased discourse on the implications of depriving people of access to the internet, the dubious practice is yet to go away. 79,238 hours of internet blackouts affecting 747 m… Read More
2024-01-03 07:05
On Tuesday, January 2, the US officially issued a formal notice (indictment) charging Odogwu 'Dozy' Mmobuosi, co-CEO of Tingo, an African-focused agritech startup, with securities fraud, mak… Read More
2023-12-29 14:04
The prices of drugs in Africa’s most populous country are going through the roof, with some rising tenfold in the past few months. The situation, created by inflation and currency deva… Read More
2023-12-28 18:50
Last year, Jeremiah Ajayi—the Host of our investor-focused web series, The Investors' Corner asked six investors for their predictions for 2023. The respondents were previous guests on… Read More
2023-12-28 14:10
On Wednesday, December 27, Apple won a court order to pause the Apple Watch ban that went into effect on Tuesday, December 26, 2023. Per The Verge, “a US federal appeal court orde… Read More
2023-12-28 12:27
This year, not every headline for the African tech ecosystem reflected a low point. Despite its challenges, the ecosystem displayed resilience and has recorded notable events. Recently, the… Read More
2023-12-28 08:36
Amazon has recently announced that starting from January 29, 2024, it will start placing “limited advertisements” in TV shows and movies running on its Prime Video streaming plat… Read More
2023-12-27 11:49
Due to concerted efforts to address vulnerabilities, the cryptocurrency industry has started losing less to hackers. For the first time since the pandemic, the number of crypto coins lost to… Read More
2023-12-27 11:13
Anchor, a Banking-as-a-service company that makes building compliant fintech products faster, has released an end-of-year review that highlights its key achievements over a year after its la… Read More
2023-12-23 13:16
Per a circular released yesterday, the apex bank of Africa’s largest economy has finally updated its guidelines on digital currencies in the country after over two years of taking them… Read More
2023-12-22 15:15
Odogwu 'Dozy' Mmobuosi, co-CEO of Tingo, an African-focused agritech startup listed on the US stock exchange, has temporarily stepped down following fraud charges filed against him by the US… Read More
2023-12-21 11:12
Nairaland is back online a few days after its web server was deactivated by Cloudflare, a US-based hosting provider, citing ethical concerns. "We had to transfer Nairaland to a temporary hos… Read More
2023-12-21 00:24
The court trial for Wilfred Bonse, a Nigerian politician arrested for alleged involvement in the cyber hack that resulted in a $2 million loss for Patricia, will be held in June next year, a… Read More
2023-12-20 18:28
Elon Musk’s satellite internet service, Starlink, has officially launched in Eswatini, a landlocked country in Southern Africa. This makes the eighth African market the service ha… Read More
2023-12-20 10:45
On Monday, 18 December 2023, the Amazon Web Services leadership team led by its Vice President of Global Services Uwem Ukpong met with Nigerian Vice President Kashim Shettima; Minister of Co… Read More
2023-12-20 09:03
Regardless of harsh economic conditions affecting purchasing power, Africa’s smartphone market continues to show recovery signs. Consumers are buying more devices than ever, notwithsta… Read More
2023-12-20 02:53
Recently, one of the primary setbacks for the African tech ecosystem has been the economic downturn, resulting in widespread layoffs and business closures.Beyond the mentioned challenges, so… Read More
2023-12-19 21:24
Bosun Tijani, Nigeria's minister of communication, innovation, and digital economy has announced 45 recipients for the National Artificial Intelligence (AI) Research Grant Scheme. The grante… Read More
2023-12-19 19:28
Cloudflare, a US-based hosting provider, has deactivated the web server of Nairaland, a prominent Nigerian online community. Initially, Seun Osewa, the founder, believed the server outage wa… Read More
2023-12-19 12:26
On December 11, the Central Bank of Lesotho (CBL) reported a system outage due to a cyberhack. The downtime which affected the national payment system led to the temporary suspension of inte… Read More
2023-12-19 09:51
The Japa Journals is a new web series that dives deep into the journey of African tech professionals outside the continent and sheds light on their trials, triumphs, challenges and victories… Read More
2023-12-18 15:56
The U.S. Securities and Exchange Commission (SEC) has filed fraud charges against Odogwu 'Dozy' Mmobuosi, the founder and CEO of the embattled, Nigerian and Nasdaq-listed agritech startup Ti… Read More
2023-12-18 15:41
Earlier today, Adobe and Figma announced that both companies are mutually terminating their merger agreement, which would have seen leading multimedia software company Adobe acquire the Figm… Read More
2023-12-18 14:34
One year after laying its foundation, the German biotech company BioNTech has set up the first BioNTainer at its manufacturing facility in Kigali, Rwanda to facilitate the production of mRNA… Read More
2023-12-18 11:47
As the Democratic Republic of Congo (DRC) holds its general elections this week, worries over the restriction of voters’ rights are rising. Its internet, which has allowed many Congole… Read More
2023-12-18 09:14
As you set your sights on the approaching new year, we kept a gift inside this letter to enhance your productivity. Keep reading to find out. In this edition, we covered: Chipper Cash's late… Read More
2023-12-16 14:00
Since 2015, the African tech ecosystem has grown rapidly. The continent boasts of a large working population that’s projected to account for one in four people across the globe by 2050… Read More
2023-12-15 11:01
OneWeb, Eutelsat’s rival to Elon Musk’s high-speed satellite internet service, Starlink, has made inroads into Libya, a country in northern Africa. The French company announ… Read More
2023-12-14 18:10
Africa's leading innovation centre, Co-Creation Hub (CcHub) has appointed Ojoma Ochai as its new managing director. Ochai who previously served as managing partner at the CcHub's creative ec… Read More
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