Following the unexpected passing of Herbert Wigwe, the founding Group CEO of Access Holding Plc, a wave of tributes have been pouring in from experts and founders in the tech community across the globe, especially in Africa.  These leaders have been honouring his unwavering commitment to innovation and progress which have significantly transformed Africa’s technology […]

South African fintech company iKhokha has disbursed over $105 million (R2 billion) in working capital to its small and medium-sized enterprise (SME) customer base in partnership with Retail Capital, now a division of TymeBank. Fintech, known for its SME-focused financial services platform, facilitates both in-person and online payments for entrepreneurs. iKhokha’s platform not only enables […]

The company’s Board of Directors has named Bolaji Agbede Acting Group Chief Executive Officer of Access Holdings Plc. The Nigerian Exchange Ltd. (NGX) was told about this by the company’s secretary, Sunday Ekwochi, on the following day in Lagos. Dr. Herbert Wigwe, the company’s former Group Chief Executive Officer, died not long ago, which led […]

John Gospel is a crypto expert, copywriter and social media manager for brands in Blockchain and Web3. He also has a track record of building online communities from zero to thousands in months while working as a Growth Marketing Strategist for Communities & Start-ups. He shares his insights on Nigeria’s path to responsible crypto adoption, […]

All dealer banks in Nigeria have been told by the Central Bank of Nigeria (CBN) to handle the Personal Travel Allowance (PTA) and the Business Travel Allowance (BTA) electronically, using debit or credit cards. The central bank has also told authorised sellers not to give these allowances out in cash in dollars. According to the […]

Opera Minipay, the payment platform offered by the innovative global web company Opera, has reached a milestone of one million users in the Nigerian, Kenyan, and Ghanaian markets.  The Africa Money and DeFi Summit, happening from February 14th to the 15th in Nairobi, Kenya, marked this important milestone today, which was made possible with the […]

Nigeria’s broadband infrastructure has been identified as a critical component for economic development and societal progress. Recognizing this, the Federal Government (FG) of Nigeria, in partnership with the World Bank, has embarked on a groundbreaking initiative to raise $3 billion to bolster the country’s broadband network.  This collaborative effort aims to bridge the digital divide, […]

As a digital business solution company, XPLOITCLOT was created to help you become more competitive in today’s global market. With its high standards of service quality and operational success, XPLOITCLOT helps its clients in a wide range of industries become fully digital, data-driven businesses.  Lagos-based digital solutions expert Olalekan Dare founded XPLOITCLOT in 2013. Olalekan talks […]

New financial technology companies hailing from eighteen different African nations had their innovations showcased at Visa’s Africa Fintech Accelerator program’s inaugural demo day in Nairobi on February 13th. At the event, the startups from the first cohort had the chance to present their innovations to influential members of the ecosystem, as well as funding partners, […]

Carbon, a leading digital financial services provider, has finalised the acquisition of Vella Finance, a Nigerian fintech specialising in SME-focused solutions.  The acquisition, announced through a joint statement, also marks the launch of an innovative AI-powered business banking platform. Read also: Vella Finance to discontinue crypto trading and focus on SME banking Carbon empowers SMEs with AI […]

Tek Experts and Cytek Security, two of the world’s foremost providers of technical talent solutions, have just opened a state-of-the-art Security Operations Centre (SOC) in Lagos, Nigeria.  The centre will provide advanced cybersecurity services to companies all over the world and in all kinds of industries. Businesses in the area and beyond can rest assured […]

Since its inception, OpenAI has been at the forefront of artificial intelligence research, striving to push the boundaries of what AI can achieve while prioritizing safety and ethical considerations. The journey to the $2 billion revenue milestone is a testament to the organization’s relentless pursuit of excellence in the field of AI. OpenAI’s success can […]

An Ethiopian startup, Medstore, that connects buyers and sellers of medical equipment online has launched new features and services to enhance its platform and generate income. Founded in 2020 and launched in March 2021, Medstore is a digital marketplace that allows users to sell and buy medical equipment online, and publish and subscribe to medical […]

In a move to enhance digital payment options across Africa, Paystack has extended its “Pay With Apple Pay” feature to include users in Cote D’Ivoire and South Africa. This expansion follows its initial launch in Nigeria two years ago and subsequent introduction in Ghana last year. Integration into Paystack’s Payment Gateway The integration of Apple […]

MultiChoice Group, Africa’s largest cable TV company, said that its Nigerian subsidiary has agreed to pay the Federal Inland Revenue Service about $37.3 million as part of a tax settlement. In Nigeria, DSTV is a famous subscription-based satellite TV service owned by MultiChoice. As agreed, MultiChoice Nigeria and MultiChoice Africa will pay N35.4bn ($37.3m) in […]

Recently, Safaricom has said that its M-Pesa users would no longer be able to send money to phone numbers that haven’t been registered. They didn’t say much about why they were making this change. As it turns out, this choice was made in line with the Central Bank of Kenya’s (CBK) and other industry players’ […]

There has been an ongoing explosion in the number of Nigerians employed by tech companies as seen in GitHub. A total of 872,162 software developers were employed in the nation in 2023, an increase of 45.62% from the previous year. In its developer account count, the platform made it clear that it does not include […]

Visa‘s Accelerator Program has opened doors for business across Africa’s fintech landscape, positioning them for sustainable growth and impact. Over 12 weeks, this initiative has played a pivotal role in nurturing and empowering startups across the continent, facilitating connections, and fostering innovation. Visa Africa Fintech Accelerator Program The Visa Africa Fintech Accelerator program, conducted virtually, […]

The Nigerian Inter-Bank Settlement System (NIBSS) recently reported a significant milestone in the country’s financial landscape: electronic payment transactions reaching a staggering N600 trillion in 2023.  This landmark figure highlights the profound shift towards digital payment methods in Nigeria’s economy and underscores the importance of understanding the factors driving this transformation. Read also: NIBSS cuts instant […]

Nigerian fintech startup Flutterwave has obtained a Mareva injunction following a High Court ruling on February 1, enabling the company to initiate the recovery process for $24 million (₦19 billion) lost due to unauthorised transactions by Point of Sale (PoS) merchants on its platform. Read also: Flutterwave as an alternative to Shopify Background of the Ruling […]