Small and medium enterprises (SMEs) across Africa are rapidly adopting digital payments and innovative financial solutions to drive business growth and resilience, according to the latest Mastercard SME Confidence Index. Released on February 20, 2025, the report highlights how SMEs in Nigeria, Kenya, Egypt, and Morocco are leveraging digitalisation to enhance efficiency, improve customer experiences, […]

On Wednesday, a high-level delegation of 11 representatives from the Malawi Communications Regulatory Authority (MACRA) was received by the National Communications Authority (NCA) at the NCA Tower. The delegation travelled to Ghana under the direction of Daud Suleman, Director General of MACRA, in order to examine the technical architecture of the NCA’s Broadcasting Monitoring Centre […]

Organisers of the 2025 Africa Tech Summit Awards on Tuesday announced a list of winners. The summit, which took place in Nairobi on February 12 and 13, 2025, honoured innovators and businesses influencing the continent’s tech sector. The event, powered by Raenest, brought together more than 1,600 tech leaders from over 65 countries to promote […]

On Wednesday, February 12, 2025, dLocal, a leading cross-border payment platform, and AZA Finance, a fintech company specialising in payments and foreign exchange in Africa, have formed a strategic partnership to expand their service capabilities through mutual cross-selling. The collaboration combines dLocal’s payment infrastructure with AZA Finance’s foreign exchange capabilities and regional licenses, benefiting customers […]

The International Finance Corporation (IFC) announced a partnership with the Mohinani Group Limited to establish Polyethylene Terephthalate (PET) recycling plants in Ghana and Nigeria on February 12. This initiative, backed by a $37 million loan, will reduce plastic waste, create jobs, and enhance local economies. Read also: P1 Ventures bets big on Africa’s future with […]

On Tuesday, Raenest, a Nigerian fintech firm that provides a platform for multi-currency accounts for African individuals and businesses, announced it had raised $11 million in Series A funding. This brings the company’s total funding to $14.3 million. QED Investors led the investment round, which included participation from pan-African venture capital firms such as Norrsken22, […]

The Petroleum Directorate of Sierra Leone (PDSL) has partnered with African Energy Week (AEW): Invest in African Energies 2025, reinforcing the country’s commitment to global energy collaboration. The move highlights Sierra Leone’s ambition to unlock its hydrocarbon potential and position itself as a key player in the oil and gas industry. AEW: Invest in African […]

Mastercard officially opened its first office in Kampala, Uganda, on Wednesday. This move marks a pivotal step in the company’s strategy to broaden its reach in East Africa, a region ripe with potential for digital financial services. Mastercard’s commitment to financial inclusion and digital transformation was highlighted by key stakeholders at the inauguration ceremony. Read […]

On Monday, a significant milestone was reached in West Africa as Liberia, Sierra Leone, and The Gambia signed a landmark free roaming agreement. This initiative aims to enhance communication and connectivity among the three nations, making it easier for citizens to travel and communicate without incurring hefty roaming charges. The agreement is set to be […]

GIM-UEMOA, a West African regional payment network, and Network International, a renowned Middle Eastern and African payment solutions company, signed an MOU on Wednesday. It would promote financial inclusion and innovation in the eight West African Economic and Monetary Union countries. Combining the talents of the two businesses will help create cutting-edge digital payment solutions […]

The Africa Energy Summit 2025 has commenced in Dar es Salaam, Tanzania, with a focus on addressing Africa’s critical energy access and sustainability challenges. Under the theme “Mission 300,” the summit aims to provide reliable, affordable, and sustainable electricity to 300 million Africans by 2030. The gathering has brought together African Heads of State, business […]

Spiro, Africa’s largest electric bike company, announced on Monday its partnership with Afrobeats superstar Davido to promote eco-friendly transportation across the continent.  This collaboration is pivotal as Africa grapples with the need for affordable, sustainable transport solutions. By joining forces with Spiro, Davido is championing the shift to cleaner energy while inspiring a new generation […]

Paula Ingabire, Rwanda’s Minister of ICT and Innovation and Saudi Arabia’s Minister of Communications and Information Technology, Abdullah Alswaha, held a discussion on possible areas of collaboration on digital transformation. The discussion was held on the sidelines of the World Economic Forum (WEF), which took place in Davos, Switzerland, from January 20 to 24, 2025. […]

At least ₦1.1 billion has been stolen from an unspecified number of Nigerians who deposited their money in Moniepoint Microfinance Bank after a hacker breached the bank’s security system through a dark web. The suspect, identified as Sunday Ozimede by the Police Special Fraud Unit (PSFU), planted a bug in the bank’s digital system to […]

Kenya has scrapped the electronic travel authorisation (eTA) for incoming visitors from other African nations per a new directive issued by the State House on Tuesday. The approval was given at the first cabinet meeting of the year, which was presided over by President William Ruto on Tuesday. Read also: Kenya’s Interior Ministry mandates Facebook, […]

Airtel Africa, a prominent telecommunications and mobile money provider in 14 African nations, on Monday, engaged three globally recognised African artists, Simi (Nigeria), Diamond Platnumz (Tanzania), and Fally Ipupa (Democratic Republic of Congo) to educate customers how to maximise their data bundles and improve their digital experience. Airtel Africa hopes that this partnership will empower […]

The Top Employers Institute has ranked Vodacom Group as Africa’s top employer for the second consecutive year. The company announced on Thursday. Additionally, Vodacom South Africa, Vodacom Mozambique, Vodacom Tanzania, and Safaricom Kenya have received this esteemed certification and achieved the top rating. According to their success in important HR areas such as people strategy, […]

The 2024 International Finance Awards on Saturday named Telecom Egypt the “Best Investor Relations – Telecom Company” at a ceremony which was held at the Jumeirah Emirates Towers in Dubai. This noteworthy award highlights Telecom Egypt’s steadfast dedication to openness, corporate governance, and proactive engagement with investors, shareholders, and the larger financial community, the IFA […]

The 2025 investment cycle of Baobab Network, a trailblazing early-stage investor and accelerator, began with an undisclosed investment in CreditChek, a Nigerian credit evaluation platform that confirms African consumers’ creditworthiness. Announcing the investment in the fintech startup on Friday, Baobab wrote, “The founding team combines deep fintech and technical expertise. CEO Kingsley Ibe brings multiple […]

The ground-breaking platform Halo AI, which is revolutionising the way creators and brands work together, announced a seed fundraising of $6 million during a competition at the 1 Billion Followers Summit which was held from January 11 to 13, 2025. Strategic investors participated in the round, which was led by Raed Ventures and Shorooq. These […]