On Wednesday, one of Africa’s oldest venture capital firms, LoftyInc Capital, announced a $43 million first close for its new LoftyInc Alpha Fund. This fund helps late-seed and Series A entrepreneurs in Nigeria, Egypt, Kenya, and Francophone Africa. LoftyInc Alpha Fund focuses on Series A, late-seed The LoftyInc Alpha Fund marks a strategic shift from […]

The Remita platform has been replaced with the Treasury Management and Revenue Assurance System (TMRAS), a new revenue collecting platform, introduced by the Federal Government of Nigeria on Tuesday. The Federation’s accountant-general, Dr. Oluwa Oyin Madein, FCCA, FCA, FCNA, revealed this in a statement. The Office of the Accountant-General of the Federation (OAGF) is leading […]

FMO, a Dutch entrepreneurial development bank, announced on Thursday the launch of Africa Ecosystem Catalysts Facility (AECF) in collaboration with Village Capital and RVO (the Netherlands Enterprise Agency). The AECF is a $4 million program designed to assist startups making social and economic difference in Ghana, Nigeria, and Tanzania. The facility will collaborate with locally-led […]

Finnfund, a Finnish development financier and impact investor, invested €2 million in Fibertime Group, a South African telecoms business, on Monday. Fibertime’s fibre internet service will connect up to 1.8 million homes in rural areas, bridging the digital divide. Finnfund’s Investment and digital inclusion Finnfund has invested in Fibertime Group to bolster digital infrastructure and […]

Stakeholders from across Africa’s technology and financial sectors gathered in Accra, Ghana, for the Accra Synergy Summit, where discussions centred on the role of artificial intelligence (AI) and blockchain in driving digital transformation and financial inclusion. The summit, hosted by TD Africa, provided a platform for policymakers, tech industry leaders, and global technology giants to […]

In its 2024 financial year report, MTN Nigeria mobile subscribers rose by 1.6 percent to 80.9 million, indicating an impressive growth from the previous year where it recorded 79.7 active mobile subscribers. Despite the Nigerian Communications Commission’s (NCC) industry-wide mandate on NIN-SIM registration, MTN’s active data subscriber base grew by seven percent from 44.6 million […]

The largest mobile network operator in Africa, MTN South Africa, has partnered with LotusFlare, a cloud-native digital commerce and monetisation platform for communications service providers (CSPs), to support strategic initiatives in the South African market. According to the announcement made on Wednesday, MTN wants to increase its agility to satisfy the changing needs of its […]

Afreximbank and Kenya on Friday entered into a partnership to accelerate Kenya’s industrialisation and export-led development agenda. This alliance began Kenya’s economic transformation into an African manufacturing hub. Afreximbank industrialisation and export development Afreximbank will support Kenya’s industrialisation and export manufacturing by funding the creation and operation of industrial parks and special economic zones (SEZs). […]

A U.S. court has granted bail to Yoruba king, Oba Joseph Olugbenga Oloyede, the Apetu of Ipetumodu, after he was arrested and charged with defrauding the American government of 4.2 million dollars in COVID-19 relief funds. Bail conditions and passport seizure Judge Christopher Boyko of the U.S. District Court for the Northern District of Ohio […]

On Thursday, the European Investment Bank (EIB) reaffirmed its commitment to invest $52.48 million in Africa Finance Corporation’s (AFC) $750 million Infrastructure Climate Resilient Fund (ICRF). This landmark project, managed by AFC Capital Partners (ACP), the asset management division of AFC, aims to accelerate climate adaptation and sustainable infrastructure development across Africa. The Green Climate […]

Amazon Web Services (AWS) announced its new quantum computing chip, a prototype called Ocelot, on Thursday, marking its entry into the competitive quantum computing arena. Tech giants like Google and Microsoft are also in the race to develop full-fledged quantum computers. According to AWS, the Ocelot quantum computing processor can cut quantum error correction costs […]

The crypto world is buzzing after Binance, the top cryptocurrency exchange, concluded its community vote on listing Pi Coin, the native token of the Pi Network. Launched on February 17, 2025 and ending on February 27, 2025, the Binance vote saw an impressive 86 percent approval rate, as reported on X today, February 28, 2025. […]

Industry experts explored the ethical considerations of gaming marketing, emphasizing player well-being at the ongoing Africa Gaming Expo (AGE) 2025 in Lagos. The session, tagged “Ethical Boundaries: Creating Marketing Strategies and Solutions that Prioritize Player’s Well-being,” was one of the standout discussions addressing key concerns in the gaming, esports, and betting industries. Held on February […]

Visa and MDP announced their strategic partnership on Tuesday to enhance the fintech sector in Egypt. This collaboration aims to empower fintech companies and non-bank financial institutions (NBFIs) by providing the necessary tools, security, and scalability to thrive in the digital payments ecosystem. Empowering fintech growth The partnership combines MDP’s comprehensive payment processing and issuing […]

AltSchool Africa has teamed up with the Government of Cape Verde through Cabo Verde Digital and Ola.CV, to provide free digital skills training to 100 Cape Verdeans.  This 12-month certified program, set to begin in March 2025, aims to empower participants with in-demand technical and non-technical skills, boosting their employability and career readiness. This collaboration […]

Access Bank recently embarked on a system upgrade to enhance its digital services, but the process has been marred by disruptions and customer dissatisfaction.  The bank announced the upgrade on February 22, 2025, stating that it would temporarily affect services on ATMs, USSD, and other digital platforms. System upgrade details and disruptions The system upgrade […]

Bitcoin, the flagship cryptocurrency, has experienced a steep decline. On February 25, 2025, its price dipped below $91,000; shortly after, it slid further to below $90,000. This downturn has erased recent gains, sending shockwaves through the crypto market as investors confront economic uncertainty, security breaches, and regulatory challenges.  Below, we explore the timeline of this […]

Basata Holding for Financial Payments, an Egypt-based fintech company specialising in digital payment solutions, has expanded its presence in Jordan by increasing its stake in MadfoatCom to 25 per cent.  The investment, made in collaboration with Jordan Kuwait Bank (JKB) and the Social Security Investment Fund (SSIF), was announced during a meeting at the Central […]

On Tuesday, Coinbase, a global crypto giant, announced a partnership with Onboard Global, a crypto payments platform, to enable Nigerian users to buy and sell cryptocurrencies seamlessly.  This move comes one year after Nigeria’s regulatory issues with Binance, the world’s largest crypto exchange, opened up the market to alternative crypto exchanges. Read also: Altvest Capital […]

On February 21, 2025, it was announced that the Africa Legal Hackathon would take place on April 11, 2025, at the Google Accra Office in Ghana. This event is a collaboration between Legaltech Lounge (LTL) and Because She Can, aiming to bring legal professionals, developers, and innovators together to develop solutions that enhance access to […]