Renda, a logistics startup, has raised $1.9 million in pre-seed equity and debt funds. Ingressive Capital led the $1.3 million equity investment, which also included Techstars Toronto, Founders Factory Africa, Magic Fund, Golden Palm Investments, Reflect Ventures, and Vastly Valuable Ventures, according to a statement from the company. Founders Factory Africa and SeedFi provided the […]

In a significant move towards technological advancement, the Federal Housing Authority (FHA) initiated its digitisation drive on May 1st, 2024.  The Managing Director and Chief Executive, Hon Oyetunde Ojo, officiated the ceremony at FHA’s headquarters, marking the beginning of the organisation’s transition towards becoming an entirely digitised entity. Hon Ojo highlighted the importance of embracing […]

Econet Wireless, Zimbabwe’s most prominent tech and phone company, has opened two free ways for people to send money into the country. Senders and receivers will not have to pay anything. It’s the first time this has happened in Africa. A relationship between Econet and its sister company, Sasai Money Transfer, will let people and […]

In the heart of Africa’s bustling fintech landscape stands a visionary leader, Olugbenga Agboola, also known as “GB”, a Nigerian software engineer and entrepreneur. As the co-founder and CEO of Flutterwave, born in 1985, Agboola embodies innovation and determination in revolutionising financial services across the continent. Read also: Teen World Foundation to host Teen Tech […]

Nairobi-based agritech company Twiga Foods has named Charles Ballard its new CEO, starting May 1. In his new job, Charles Ballard, a well-known figure in e-commerce, brings much knowledge from working in retail and financial services. With a lot of experience in the company, he comes to Twiga Foods from Jumia Kenya, where he was […]

After two years of investing €3.5 million ($3.7 million) to expand its operations, the food delivery platform Glovo will cease operations in Ghana on May 10, 2024. The platform notified its restaurant partners through email. The firm claims that it ceased operations in Ghana because of profitability concerns.  Part of the mail reads: “While we […]

The Competition and Consumer Protection Tribunal (CCPT) in Abuja has issued a significant interim order restraining Multichoice Nigeria Limited from implementing its planned tariff increases and cost adjustments for products and services set to start on May 1st. Presided over by Saratu Shafii, the three-member court acted upon an ex parte motion submitted by Ejiro […]

The Nigerian Education Loan Fund (NELFUND) has warned Nigerians regarding a “fraudulent advertisement” promoting a “Federal Study Loan.” This came after advertisements on various news sites promoted the website, www.fedstudyloan-gov.ng, as the entry point for the much-anticipated Federal Government student loan programme. NELFUND’s Warnings The following statement was made by Nasir Ayitogo, the organisation’s lead […]

Guinea and Gambia have recently inked a Memorandum of Understanding (MoU) to establish a second subsea cable optical fibre, signalling a significant stride towards enhanced connectivity and digital access for their citizens. Let’s delve into the details and implications of this exciting development. Rose Pola Pricemou, Guinea’s Minister of Posts, Telecommunications, and Digital Economy, and […]

The hashtag #TinubuLagosSchoolSeries is making waves on X (Twitter) as it follows the significant approval by the Nigerian President, His Excellency Bola Ahmed Tinubu, for a national census of all schools, from essential to tertiary level. Youths on X are engaging in this campaign, driven by the belief that they can spotlight the poor state […]

The Transform Africa Summit 2024 will be held in Kenya in August 2024.  Kenya was chosen to host the summit organised by the Smart Africa Alliance, a pan-African organisation for information and communication technology, in February 2024. The country’s prominence as a leader in Africa’s digital revolution was further cemented when it won the bid […]

President Bola Ahmed Tinubu has approved the first phase of the Consumer Credit Scheme in Nigeria for implementation.  This scheme is a project intended to provide credit facilities to working residents in the country. The CREDICORP launched a portal where Nigerians can indicate interest in obtaining consumer credit in response to the President’s directive to […]

A month-long spat over data-sharing policies has finally been resolved between the Lagos State Government and ride-hailing business Uber.  Uber’s legal battle with the government stemmed from a 2020 deal mandating ride-hailing services to provide the authorities with real-time travel data. After the ruling, people can collaborate to improve transport services and keep drivers and […]