Kenyan Fintech Kopo Kopo Appoints New CEO As Acquisition Looms
Kopo Kopo, a fintech that provides short-term loans, has appointed Dennis Ondeng as its new CEO, and made three other senior leadership changes amidst acquisition plans by Nigerian fintech giant [...]
Kenya Seeks Germany's Commitment on Increased Financing for World Bank Fund
Kenya will seek Germany's commitment on increasing its financing to support Africa's ambition to meet its climate and development goals, President William Ruto's press office said in a statement on [...]
Aliko Dangote Challenges Business Leaders to Lead Continent's Transformation
Aliko Dangote, one of Africa's richest serial entrepreneurs, has called on his fellow business leaders to take the lead in transforming the continent. With the foremost entrepreneurs on the continent, [...]Zambian Neobank Lupiya Outsources Card Product to Network
Zambian fintech and neobank Lupiya has appointed Network as its digital payments technology partner to launch a new debit card, the company said in a statement. Lupiya's solution is meant [...]US Inflation Slows to 3-Year Low in August Ahead of Fed Meeting
Inflation in the United States (US) softened in August, raising hopes of a gradual rate cut of 25 basis points during the US Federal Reserve next meeting on September 18th, [...]Liquid Intelligent Technologies Upgrades 1, 300kms Mombasa-Busia Fibre Route
Liquid Intelligent Technologies, an arm of Cassava Technologies, has upgraded the 1, 300km fibre route between Mombasa and Busia. This expansion allows Liquid to offer 99.99% uptime availability of services [...]Imported Used Clothes Linked to Health, Environmental Disaster-Greenpeace
Top importers of second-hand clothes have been put on high alert over environmental and health disaster, a new report by Greenpeace Africa and Greenpeace Germany says. According to International Trade [...]Nigerian Fintech Rise Finalizes Acquisition of Kenyan Startup Hisa
Rise, a Nigerian global investments startup, has completed its second acquisition in under one year after taking over Hisa, a Kenyan startup that facilitates stock trading. This acquisition aligns perfectly [...]Bob Geldof's Private Equity Firm Exits Stake in Ethiopia's Awash Wines
Private equity firm 8 Miles, associated with Irish rockstar and philanthropist Bob Geldof, has exited majority of its stake in Awash Wines, a leading wine producer in Ethiopia, for an [...]Djibouti to Offer Ethiopia Exclusive Port
In a move that might ease simmering tensions in the Horn of Africa, Djibouti has disclosed that it is planning to offer Ethiopia 100% access to the Tadjoura port. Although [...]US Fines Nigerian Fintech Boss US$ 250mn Over Fictional Claims'
A US federal court has fined Nigerian fintech entrepreneur, Dozy Mmobuosi, about US$250 million for failing to represent his case to charges leveled against him by the Securities and Exchange [...]AFSA Accuses Agra of Undue Influence on Agricultural Policies in Africa
An alliance of civil society groups has accused The Alliance for a Green Revolution in Africa (AGRA) of using its power to exert undue influence on local, national and continental [...]
