High Inflation Pushes MTN out of Two African Countries
MTN Group, Africa’s largest network operator by subscriber base, has sold its equity stakes in MTN Guinea-Bissau and Guinea-Conakry to Africa-focused telecommunication service, Telecel. “Telecel, an established telecoms operator with [...]
Binance Faces Tax Evasion Charges in Nigeria as Executive Flees
The Nigerian Federal Government filed tax evasion charges against Cryptocurrency giant Binance on Monday, according to media reports. Any company that transacts business above N25 million annually is deemed by [...]State of VC Funding in Africa 2023; Fintechs Get Lion's Share
The United States contributed the greatest share of VC Funding for startups in Africa last year, according to a VC report released this month. Macroeconomic challenges in the global market [...]Roam Opens its First Electric Motorbike Shop in Nairobi
Roam, an electric mobility startup, has partnered with Ridewell to establish its first showroom in Nairobi, as part of its strategy to boost the sales of electric motorbikes. Nairobi is [...]Longhorn Publishers Plc Enters Digital Content Space
Longhorn Publishers Plc has entered into a partnership to supply learning materials through its LoHo digital learning platform, providing a major boost to content creators. A tablet and the digital [...]
Could Kenyan Consumers be Borrowing to Repay Their Loans?
Tala Money March report, a research conducted among consumers to understand the impact of cost of living and how credit is helping them, shows that Kenyans could be borrowing to [...]Moove Secures $100 Million Funding from Investors Led by Uber
Moove, a mobility fintech, has closed a $100 million funding in its Series B round led by Uber and other financiers. This infusion of capital is set to amplify the [...]Kenya Licences Four Electronic Certification Providers
The government has licensed four electronic certification providers (E-CSPs) and is considering nine others, as it seeks to secure online transactions through verifiable digital signatures. “Trust is the foundation of every ecosystem and [...]TikTok Usage in Kenya Declines in Q2 2023/24 -CAK
Tiktok use in Kenya declined in Q2 2023/24 as Facebook, Whatsapp, YouTube, Instagram, and X usage registered an increase in usage during the same period compared to the Q1 2023/24. [...]Economic Implications of Internet Disruptions Caused by Undersea Cable Cuts
Internet interruptions resulting from damaged undersea cables along the West African coast last week revealed the precarity of the continent's digital infrastructure and the economic turmoil it may cause. Major [...]Youth Participation in Digital Economy Suffers Cyber Threat in 9 Eastern African Countries
Youths in nine out of ten Eastern Africa countries cite cyber vulnerability among the challenges affecting participation in the digital economy. According to the 2023 Eastern Africa Youth Digital Readiness [...]Undersea Cable Cuts Disrupt Internet in Several African Countries
Internet connectivity in several African countries was interrupted Thursday after major undersea cables experienced temporary faults, network providers have reported. African Telecommunications giant, MTN Group, has reported internet outages in [...]
