GTCO Plc has reported a record pre-tax profit of N1.266 trillion for the 2024 financial year, a significant increase from N609.3 billion in the previous year. The bank holding company also saw a sharp rise in gross earnings of N2.148 trillion, up from N1.186 trillion in the previous year. GTCO’s profit after tax surges to […]

Papua New Guinea lifted a surprise ban on Facebook just days after its implementation. The ban began on Monday and was initially described as a “trial” aimed at curbing hate speech, misinformation, and adult content by officials. However, it was later revealed that the shutdown was part of a broader counter-terrorism operation. Background and implementation […]

MTN South Africa has announced the end of its long-term sponsorship of South Africa’s national rugby team after eight years of “record-breaking success.” The telecom provider, owned by the MTN Group and listed on the JSE, made the announcement on Tuesday. During the period of MTN sponsorship, the Boks won the Rugby World Cup twice: […]

Swedfund, Sweden’s development finance institution, has announced a €15 million investment in the AfricInvest Small Cap Fund, a move aimed at promoting gender inclusion by allocating at least 30 percent of the portfolio to women-led or female-owned businesses across Africa. This private equity initiative, announced on March 21, 2025,  aims to support small and medium-sized […]

On Tuesday, Proparco and Equity Group announced a deal that will provide the Equity Group Foundation (EGF) with €1 million in technical assistance for the execution of its high-impact project, “Climate Resilient Agri-Food Systems” (CRAFS). The goal of this collaboration with Equity Group, a long-time client, is to assist small Kenyan farmers in implementing sustainable […]

To commemorate the Digital Learning Day on Wednesday, Airtel Uganda connected its 130th school to the internet while planning to connect 70 more schools. This initiative is in collaboration with UNICEF Uganda and the Ministry of Education and Sports. Read also: Airtel Uganda sees 13.9% growth in customer base, driven by surge in data usage […]

Applications are currently being accepted for the 2025 cohort of the Zambia Information and Communications Technology Authority’s (ZICTA) ICT Innovation Program. The Authority’s flagship program is intended to give promising entrepreneurs and start-ups a platform to develop or turn their ICT-related concepts or business endeavours into valuable, impactful goods or services that tackle pressing issues […]

  Bybit, a global cryptocurrency powerhouse, and AltSchool Africa, a prominent talent development platform, announced a $100,000 scholarship fund on March 18, 2025. The fund is designed to provide 1,000 young Africans with the necessary technical skills. This partnership, which was announced at Bybit’s Dubai headquarters, introduces the Bybit Academy and utilises AltSchool’s renowned Diploma […]

M-KOPA Kenya and Turaco Insurance Agency announced on March 12, 2025, that they have successfully provided Hospital Cash insurance to over 1 million Kenyans in just one year. This health insurance comes built into M-KOPA smartphones at no extra cost as part of their “More Than a Phone” digital financial services offering, helping Every Day […]

Sterling Bank, one of Nigeria’s top financial institutions, has made a major contribution to environmental sustainability with the opening of its new electric vehicle (EV) charging station in Yaba, Lagos, on Thursday. This move underscores Sterling Bank’s commitment to corporate responsibility and supports Nigeria’s transition to environmentally friendly transport, aligning with the growing global demand […]

MTN Nigeria in partnership with the Lagos State Government unveiled on Thursday MyLagosApp, a cutting-edge smartphone application which is intended to improve city exploration by facilitating ease of navigation, local attraction discovery, entertainment access, and seamless payment processing for both locals and visitors. While announcing the development on Thursday, MTN Nigeria stated that the launch […]

Nigerian rapper and activist Folarin Falana, popularly known as Falz, has teamed up with AltSchool Africa to empower women in tech through a scholarship program. Announced on Wednesday in celebration of International Women’s Day, this initiative will grant 20 women full scholarships to study tech courses of their choice, including Engineering, Product, and Data. Read […]

As the world celebrates International Women’s Day (IWD) in 2025, themed “Accelerate Action,” the spotlight is on the urgent need for gender equality in all sectors, particularly in technology.  In Morocco and Egypt, women are not just participating in the tech revolution—they are leading it. From space exploration to innovative startups, these women are breaking […]

Today, March 7, 2025, marks the 18th anniversary of the inception of Safaricom’s mobile money service, M-PESA, in March 2007. Currently, M-PESA serves more than 70 million clients in more than 170 countries worldwide. In Kenya, Ethiopia, Tanzania, Mozambique, the Democratic Republic of the Congo, Lesotho, Ghana, and Egypt, the mobile financial services company already […]

On Tuesday, Stanbic Bank and EIB Global announced the launch of a €20 million credit line to support small and medium-sized enterprises (SMEs) and women entrepreneurs in Zimbabwe. Nearly half of Zimbabwe’s SMEs are led by women; therefore, this credit line will address their funding needs. Read also: Dutch bank launches $4 million initiative to […]

Antler, a global venture capital firm known for its early-stage investments across the U.S., Europe, Africa, and Asia, launched operations in Nigeria on Wednesday. As a prominent stakeholder in Africa’s largest economy, Antler empowers entrepreneurs through finance, mentorship, and co-founder matching. Nigeria’s innovation hub attracts Antler VC Antler’s expansion into Nigeria is driven by its […]

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 […]

On Wednesday, Clearwater Capital, a private equity fund manager, announced the acquisition of SnoLink Logistics, the temperature-controlled storage and logistics arm of Etlin International, through a business rescue deal. This strategic move reflects Clearwater’s long-standing interest in the sector and aims to enhance South Africa’s evolving supply chain by offering a reliable route to market. […]

ElevenLabs, a leader in AI audio technology, has introduced ElevenReader Publishing, a groundbreaking platform that allows authors to create and publish audiobooks effortlessly. Available on iOS and Android, this AI-powered tool simplifies audiobook production, making it faster, more affordable, and accessible to authors worldwide. What is ElevenLabs’ ElevenReader Publishing? ElevenReader Publishing by ElevenLabs revolutionises how […]

Safaricom Telecommunications Ethiopia PLC and UNICEF have partnered to provide free access to the U-Report platform in an effort to empower youth nationwide. According to the announcement made by Safaricom Ethiopia on Tuesday, the platform users will benefit from free messaging services for a year as part of this program. Through providing them with essential […]