On Monday, Smiles, the UAE’s premier everyday rewards SuperApp, announced a collaboration with Amazon.ae to offer discounted Amazon Prime memberships to customers in the UAE. This partnership allows Smiles users to subscribe to Amazon Prime at promotional rates, enhancing their shopping, streaming, and savings experiences. Read also: AWS launches Ocelot, advancing quantum computing Smiles customers […]

On March 5, 2025, Nigerian ride-hailing drivers launched SimpliRide, a locally developed app designed to challenge the dominance of global ride-hailing giants like Uber and Bolt. This initiative responds to long-standing grievances over high commission rates and limited driver autonomy on international platforms. Read also: inDrive introduces direct bank transfer payment option for rides SimpliRide […]

On Saturday, the Cooperative Bank of Oromia marked its 20th anniversary with a solid history of financial expansion and economic influence. The bank has grown in size and impact since its founding on March 8, 2005, and it now plays a significant part in Ethiopia’s financial industry. With more than 15,000 workers and more than […]

On Thursday, ORA Technologies, a Moroccan superapp, raised $1.9 million in pre-Series A fundraising backed by Witamax and Azur Innovation Management. ORA Technologies, founded by Omar Alami in 2023, offers a smartphone app with P2P transactions, e-commerce, on-demand services, chat, social networking, and a digital wallet. The firm combines several services under one platform to […]

Through its Graduate Management Acceleration Program, United Bank for Africa Plc, Africa’s Global Bank, has trained and inducted 3,222 banking and finance professionals around the continent. The lender said in a statement on Thursday that the GMAP program, which started three years ago, aims to give recent graduates the guidance, instruction, and practical experience they […]

A Ventures has strengthened its commitment to Mrkoon, a pioneering digital market for scrap and surplus materials, by increasing its stake from 20 percent to 28 percent. The investment firm followed up on its initial pre-seed backing with a bridge round, reinforcing its belief in Mrkoon’s potential to transform the waste management and industrial surplus […]

Pearl Nkrumah has been named the Chairperson of the Council of the Ghana Stock Exchange (GSE), according to a statement on February 27, 2025. Ms Nkrumah, who joined the Council in September 2023, will succeed John Kofi Adomakoh following his resignation from his position as GCB Bank PLC’s managing director in January. Ms Nkrumah’s appointment […]

Nsano Ltd, a prominent pan-African fintech company, has opened a regional office in Rwanda, East Africa. This strategic move was announced on February 28, 2025, after the National Bank of Rwanda won Category II and III Payment Aggregation and Payment Remittances Service Licenses. Read also: KCB Bank becomes first East African bank to adopt PAPSS […]

Credit Bank Plc has introduced the Sacco Cash Pickup Portal Remittance Service in collaboration with SACCOS that would enable seamless cross-border remittances for Kenyans in rural areas. The unveiling of the initiative took place in Eldama Ravine, Baringo County, on Thursday. The 14 Skyline SACCO locations located in Nakuru, Baringo, Trans Nzoia, and Nandi counties […]

Zamtel on Wednesday announced its five-year corporate strategy for 2025–2029, which gives it an opportunity to lay the groundwork for an ambitious restructuring. The business is reaffirming its commitment to innovation, client excellence, and sustainable growth as the telecom industry evolves. It stated, “Our 2025-2029 Corporate Strategy gives a blueprint of our roadmap to market […]

Experts in the esports industry in Africa have raised the challenges and opportunities shaping Africa’s esports ecosystem. At the ongoing Africa Gaming Expo (AGE) 2025 in Lagos, panelists underscored the urgent need for infrastructure development, policy support, and corporate partnerships to drive the sector forward. Moderated by Clésio Dias, Head of the Department of Technological […]

In an effort to empower women and improve financial inclusion throughout Nigeria, Alert Microfinance Bank has introduced the Smart Savings Account. According to a statement released by the bank on Monday, the Smart Savings Account is designed to accommodate the requirements of retirees, business owners, and students. The statement claims that in order to assist […]

Nigerian edtech startup Edukoya officially announced its decision to shut down operations on Wednesday after operating for nearly three years. Despite raising $3.5 million in pre-seed funding in 2021, the largest of its kind in Africa at the time, the company faced insurmountable challenges that led to this decision. Read also: 5 Investment Apps for Nigerians Edukoya’s […]

Moulay Ismail University in Morocco has taken a significant step towards nurturing innovation and entrepreneurship by launching the Technical Business Hub (TBH). Unveiled on February 21 at an event, this new incubator aims to empower students to turn their ideas into successful businesses.  The initiative emphasises the importance of young Moroccan talent in driving economic […]

In the fourth quarter of 2024, Nigeria’s economy expanded by 3.84 percent year over year in real terms, which was better than the 3.46 percent growth in the same period of 2023 and the previous quarter. The services sector, which grew by 5.37 percent and contributed 57.38 percent to the nation’s total GDP, was the […]

On February 23, 2025, the MoFund Africa Impact Academy call for applications to support small and medium enterprises (SMEs) and non-profit organisations across Africa. This initiative is a collaboration between MoFund Africa and the United States International University-Africa (USIU-Africa). The program equips participants with essential tools, strategies, and mentorship to enhance their operational capabilities and […]

KCB Bank Kenya has secured a $100 million financing deal from British International Investment (BII) to enhance lending for climate-related projects and women-led businesses. The announcement was made on Monday. This funding is structured as Tier 2 capital, aiming to strengthen KCB’s financial position while scaling investments in sustainable businesses. Read also: Ebee Mobility to […]

On Monday, Prosus, a global technology investment company, announced its intention to acquire Just Eat Takeaway.com, a leading European food delivery platform, in an all-cash deal valued at €4.1 billion.  This acquisition marks one of the largest in Dutch tech history and positions Prosus as the fourth-largest food delivery entity globally. Read also: Jumia reports […]

Multichoice Nigeria has raised the price of its DStv and GOtv packages effective from March 1, 2025. It informed its consumers of this in a statement on Monday. The statement titled, “Price adjustments for DStv and GOtv packages,” read, “Dear Customer, please note that effective 1 March 2025, there will be a price adjustment on […]

Jumia Technologies, an e-commerce platform centred in Africa, reported a US$99.1 million loss after taxes in 2024, a slight decline from the US$99.3 million loss in 2023. The company’s customer base shrank by roughly 0.2 million due to market departures. Orders for goods and services on the platform totalled US$720.6 million in 2024, down four […]