As part of its strategy for worldwide development, Fidelity Bank Plc has successfully completed the acquisition of Union Bank UK (UBUK), which was a subsidiary of Union Bank of Nigeria Plc. The acquisition of Union Bank UK, which was approved by the Prudential Regulatory Authority of the Bank of England, is anticipated to release a […]

The consumer price index (CPI), which measures the rate of change in prices of goods and services, increased to 25.80 percent in August 2023, up from 24.08 percent in the previous month. This represents an increase in the rate of change in prices of goods and services. According to the Consumer Price Index (CPI) data […]

Chinese Premier Li Qiang has expressed China’s willingness to collaborate closely with Zambia, further solidifying their bilateral relationship. During a meeting with Zambian President Hakainde Hichilema in Beijing, Li emphasised the importance of implementing the consensus reached by the two nations’ heads of state. This collaborative effort aims to deepen their strategic alignment, expand mutually […]

X, formerly known as Twitter and owned by Elon Musk, has unveiled a new feature exclusively for its premium subscribers.  This feature enables paid users to hide their liked posts on the platform, offering a level of privacy and control over their online activity. Previously, on the social media platform, liked posts were public and […]

Petal Ads, a cutting-edge advertising platform by Huawei, and Baaz, the premier Arabic social media platform, have reaffirmed their collaboration through a new agreement.  The signing ceremony took place at Huawei’s Cairo premises, solidifying their commitment to fostering social network growth in the Middle East and North Africa (MENA) region. Baaz: Fostering Connection and Cultural […]

Online payment gateway Payfast hosted the dedicated ecommerce section at Leaderex 2023, South Africa’s premier business event, bringing together industry leaders to explore trends in payments and fintech. The event focused on topics ranging from the rise of artificial intelligence (AI) in fintech to the importance of financial inclusion. Read also: South Africa’s SARS unveils plan […]

The Africa Money and DeFi Summit has announced nine ventures selected to showcase their cutting-edge Web3, Blockchain, Fintech, and Decentralised Finance (DeFi) businesses to investors and industry leaders, live on stage in Accra, Ghana, on October 3rd and 4th. With a focus on forging connections and bridging the gap between African ventures, corporates and global […]

The United States Ambassador to Kenya, Meg Whitman, has hailed Kenya’s mobile money transfer platform, M-Pesa, as a groundbreaking technological achievement.  Speaking at the US-Africa business roundtable in San Francisco, Ambassador Whitman expressed admiration for M-Pesa’s innovative success, highlighting its potential to solve global challenges. Kenya’s Game-Changing Invention Ambassador Whitman underlined the significance of M-Pesa, […]

Nearly 22,000 Nigerian students are studying in the UK for various degrees, among over three million in Europe. Nigerians spent $129 million on overseas education in January and February 2022, according to recent reports. Many Nigerians have looked abroad for a better and more comfortable college experience. Even for those who get into their dream […]

Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) reports a sharp increase in lending app bans. Delisted loan apps have increased from nine to 37, indicating that people are becoming more concerned about how they work in the country, according to the survey. The FCCPC reported that ultimately approved loan applications increased from 154 to […]

The African Development Bank Group and the Government of South Korea are strengthening their partnership in a bid to accelerate progress towards food security and boost local vaccine and pharmaceutical production in Africa. During a meeting with South Korea’s Minister of Agriculture, Food, and Rural Affairs Hwang-keun Chung in Seoul, African Development Bank Group President […]

Sama has announced ambitions to hire and teach 2,000 young people and women to work on computer vision projects for prominent Fortune 500 organisations. These projects will be for clients of Sama’s client company, Sama Vision. Training in computer vision and data labelling services, a sector that is in high demand among AI developers and […]

Interswitch, an African company leader in integrated payments and digital commerce, just revealed that Google Pay will be added to its Interswitch Payment Gateway (IPG) platform. This project lets businesses and people in Nigeria use contactless payments and digital files, which are easy and safe. This is in line with the global trend towards more […]

Swap, a cutting-edge service from Flutterwave, Africa’s premier payments technology business, gives Nigerians instant access to foreign currency at cheap exchange rates. The CBN-backed platform created with Wema Bank and Kadavra BDC is open to individuals and businesses. Swaps arise when Nigerians have limited foreign currency access. This has made foreign transactions, investments, and other […]

The Central Bank of Tanzania has given the Payment Service Provider (PSP) license to Tembo, a Tanzanian fintech company building infrastructure for financial services across Africa. The startup gives companies in Africa APIs and SDKs that they can use to build and launch payments, collections, cards, wallets, and bank accounts that can be programmed. Tembo […]

Over 200 organisations are gearing up to participate in the Africa Fintech Summit (AFTS), scheduled to be held at the serene Ciela Resort and Spa in Lusaka, Zambia. The AFTS 10th edition will host fintech stakeholders from not only across Africa but also beyond the continent’s shores from November 2-3, 2023. It is known for […]

In a commendable effort to drive energy efficiency and reduce emissions, technology giant MTN Nigeria has reported significant success in lowering its energy costs by over N570 million through the utilization of gas generators. This achievement was disclosed in the company’s 2023 climate change report, where it outlined its investments in clean energy technologies as […]

The Konza Technopolis Development Authority (KoTDA) , a technology hub in Kenya, has officially appointed John Okwiri to the position of CEO, after he has served in the role of CEO in an acting capacity for the past ten months. After his confirmation, he would take over for Engineer John Tanui, who had been serving […]

Palmpay, a Nigerian fintech platform, said it has helped over 853,000 users get back about $677 million in the first seven months of the year. It also asked users to be aware of online scams and security. The company said this at its monthly Wallet Safety Workshop, which started in 2022 to ensure that users’ […]

The BFA Global Catalyst Fund has raised $8.6 million from its $40 million goal for African climate companies. FSDAi, the Cisco Foundation,  USAID Prosper Africa and IT businessman Andrew Bredenkamp contributed to this fundraising round. The Catalyst Fund invests money in Africa’s startups working on agtech, insurtech, climate fintech, fishery management, food systems, cold chain […]