MTN Group Reports 18.8% Revenue Fall in Q1, Cites Economic Challenges
Telecommunications company, MTN Group, has said that macroeconomic challenges in the various countries it operates in have caused an 18.8% shortfall in revenue in this year's Q1 compared to last [...]
Building a Cross-border Payments Infrastructure that Actually Works for Africa
Anyone who has ever transacted or transferred money between African countries has likely wanted to pull their hair out with frustration. Exuberant fees, lack of infrastructure, and risks associated with [...]Tanzania's NMB Bank Lists Sustainability Bond On London Stock Exchange
NMB Bank PLC, Tanzania's leading financial institution, has listed its maiden three-year US$ 73 million Sustainability Bond on the International Securities Market (ISM) and Sustainable Bond Market (SBM) Platform at [...]
Kucoin Crypto Yields to Gov't Directive, Halts P2P Transactions
As the crackdown on cryptocurrencies in Nigeria continues, crypto exchange platform Kucoin' has suspended trading activities within its platform using the Naira. As part of ongoing efforts to enhance our [...]South African, Nigerian Entities Dominate List of Fastest Growing Companies
In the 2024 ranking of Africa's fastest growing companies, compiled by Financial Times in collaboration with research company Statista, South Africa and Nigeria boasted the highest representation. The report titled [...]Egyptian Fintech Startup MNZL Raises US$ 3.5mn to Scale Operations
MNZL, an Egyptian Fintech, has raised US$ 3.5 million in seed funding from several local and international venture capital firms, one year after being founded. By enabling Egyptians to safely [...]Ghana Bets on Blockchain to Fight Graft
The Ghanaian government is set to become the first African country to use blockchain technology in its e-government processes, according to the country's vice president Mahamadu Bawumia. Since 2020, the [...]Nigerian Startup Seamfix Receives US$ 4.5 Million to Upscale Continental Operations
Seamfix, a Nigerian startup that offers services in identity management, was boosted by a US$ 4.5 million private equity fund from Alitheia IDF money that will facilitate their expansion [...]Admaius Capital Partners Makes A Majority Equity Investment in Rwandan Telecom Towers Operator TRES
Admaius Capital Partners (“Admaius”), an Africa focused private equity investor operating across several growth markets, has today announced its majority equity investment into TRES Infrastructure Limited, the only local licensed [...]Nigeria's US$ 59 Billion Crypto Sector Creaks under Gov't Regulations
The Nigerian government has continued its crackdown on cryptocurrencies in the country after the Securities and Exchange Commission revealed plans to delist the Naira from peer-to-peer platforms to combat currency [...]Logistics Startup Renda Raises US$ 1.9 Million to Expand into Kenya
Nigerian logistics startup, Renda, received debt funding worth US$ 600,000 plus equity funds amounting to US$ 1.3 million in its pre-seed round to scale up operations in other cities in [...]Africa's Data Experts Converge in Nairobi to Foster Collaboration on Privacy
Data experts from across Africa will gather in Nairobi next week to discuss pressing issues and foster collaboration in advancing data protection frameworks for the continent. The 9th Network Of [...]
