Nigerian Fintech Raenest Raises US$11mn in Series A
Raenest, a Nigerian fintech with operations in Kenya, has raised US$11 million in its Series A round to invest in market expansion and product upgrades. Our journey over the [...]
Fintech OAPay Expands Remittance Services to Kenya, Four Other Markets
OAPay, a fintech licensed in the UK and several states in the United States, has expanded operations to Kenya, Ghana, Nigeria, Uganda, and Tanzania. “Our mission is to provide the [...]Dr. Michael Atingi-Ego Appointed Governor of Bank of Uganda
Deputy Governor Dr. Michael Atingi-Ego, who has been acting Governor since the death of long serving governor Emmanuel Tumusiime-Mutebile in 2022, has been appointed Governor of the Bank of Uganda [...]
KWAL Secures Distribution Deal for Namibia's Windhoek Beer
The Kenya Wine Agencies Limited (KWAL) will ramp up its market portfolio after bagging a deal with a Namibian distillery for the distribution of Windhoek beer in Kenya. Windhoek beer [...]DRC Crisis Summits are Facing a Mediation Nightmare
Last weekend, the East African Community (EAC) and the South African Development Community (SADC) met in Tanzania to find the best path to a sustainable political solution to the Eastern [...]
African Business Leaders Worry Over Shifting Regulations
African business leaders are more worried about changing regulations than their counterparts elsewhere across the world. “The regulatory environment still presents challenges, including complexity, inefficiencies, enforcement issues and potential reversals [...]Sub-Saharan Africa CEOs Project Improved Global Economic Growth in 2025
Amid global uncertainties, CEOs in Sub-Saharan Africa have increased optimism about the future of their businesses and the global economy, the PWC’s 28th Annual Global CEO Survey reveals. “Additionally, an [...]Safaricom Ethiopia's M-PESA Revenue Dips Despite 245% Jump in Registrations
The number of registered M-PESA customers in Safaricom Ethiopia increased by 245% to 10.8 million as at December 2024 from 3.1 million December 2023, driven by airtime purchases and cross [...]Uganda Arrests Nine Over US$16mn Central Bank Heist
Ugandan investigators have arrested the country's Accountant General and eight senior officials for a heist in which US$16mn was stolen from the Bank of Uganda (BoU) in September 2024. The [...]Nigeria's Civil Aviation Authority Summons KQ, Passenger Over Scuffle at JKIA
Nigeria's Civil Aviation Authority (NCAA) has summoned Kenya Airways' (KQ) station manager in Lagos over what it says is a long history of maltreatment of the country's passengers by the [...]South Africa, US Feud Takes Shape as Trump Cuts Aid
A looming feud between Washington and Pretoria has begun taking shape after US President Donald Trump said he would be cutting aid because of expropriation laws, and South Africa's President [...]Affordable Data Takes Centre Stage in Airtel's New SmartaWithData Campaign
Airtel, one of Africa's most popular networks, has announced the launch of its innovative SmartaWithData campaign across its key markets on the continent. This campaign, led by The Partnership Africa [...]
