Ethiopia’s top telecom and digital solutions provider, Ethio Telecom, has launched 5G services in the cities of Dessie and Kombolcha on Saturday, continuing its nationwide 5G development. This accomplishment is a major step in the company’s goal to hasten Ethiopia’s digital transformation by guaranteeing fast connectivity and opening up fresh avenues for economic expansion and […]

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 […]

Cell C is set to launch 5G services in South Africa soon, with large-scale activations expected in the upcoming months. The announcement on Thursday marks a significant advancement for the telecommunications provider amid its financial turnaround. Read also: Telecom Egypt signs EGP 15 billion deal with Orange Egypt to enhance 5G, Internet services 5G services […]

 Ivorian fintech startup Djamo has recently secured funding from the state-owned investment fund CDC-CI Capital, amounting to 800 million CFA francs (approximately $1.3 million). The announcement on Wednesday marks a key step in enhancing financial services in Côte d’Ivoire. Read also: Acumen backs Ghanaian agritech startup, Wami Agro The investment agreement was finalised at Djamo’s […]

On Friday, Bybit, a major cryptocurrency exchange, announced that it had been hacked with losses estimated at approximately $1.5 billion. This incident marks the most prominent cryptocurrency theft to date. Read also: Paratus Namibia enlist foreign cybersecurity experts to contain systems breach The nature of the hack The hack involved a sophisticated attack on one […]

On Friday, Altvest Capital, a South African investment firm, adopted bitcoin as a strategic treasury asset. This move marks the company as the first publicly listed African firm to integrate Bitcoin into its treasury holdings. Read also: After years of hype, Pi coin’s price plummets within 24 hours of launch Investment strategy in bitcoin Altvest […]

On Wednesday, Acumen, a global impact investment fund, announced that it had invested strategically in Wami Agro, a Ghanaian agritech startup dedicated to empowering smallholder farmers.  This move aims to support Wami Agro’s mission of improving the livelihoods of these farmers through innovative tech-enabled solutions. Read also: OceanHub Africa Accelerator Program now accepting applications for […]

On Wednesday, Paratus Namibia reported a cyberattack. This is Namibia’s second telecommunications business attack two months after Telecom Namibia’s ransomware outbreak. Paratus Namibia is a telecommunications corporation that provides Internet, voice, and data services to Namibian businesses and residences. Read also: Namibia’s ex-first lady Monica Geingos issues warning as scammers use AI photos of her […]

A High Court in Accra, Ghana on Thursday tossed out a request by West African Examinations Council’s (WAEC) for a stay of execution to delay releasing the withheld results of 10,000 examination candidates, and slapped a fine of GHS 5,000 on the exam body. On December 30, 2024, WAEC cited alleged examination malpractices and anomalies […]

Algeria Telecom and Huawei have officially launched a national 400G Wavelength Division Multiplexing (WDM) project, establishing an all-optical premium transmission network across Algeria. This initiative aims to bolster the nation’s digital economy by enhancing network infrastructure with advanced 400G ultra-high-speed optical technology. Read also: Algeria earmarks $11 million to support AI, cybersecurity startups  Transforming Algeria’s […]

MTN Group, Africa’s largest telecoms company, has announced that its chairman, Mcebisi Jonas, has been impersonated again. This incident marks the second time Jonas has been targeted by fraudsters using his identity for malicious purposes. Read also: MTN MoMo Uganda denies claims of deductions for political campaigns Impersonation of MTN chair On Thursday, MTN revealed […]

Small and medium enterprises (SMEs) across Africa are rapidly adopting digital payments and innovative financial solutions to drive business growth and resilience, according to the latest Mastercard SME Confidence Index. Released on February 20, 2025, the report highlights how SMEs in Nigeria, Kenya, Egypt, and Morocco are leveraging digitalisation to enhance efficiency, improve customer experiences, […]

On Wednesday, a high-level delegation of 11 representatives from the Malawi Communications Regulatory Authority (MACRA) was received by the National Communications Authority (NCA) at the NCA Tower. The delegation travelled to Ghana under the direction of Daud Suleman, Director General of MACRA, in order to examine the technical architecture of the NCA’s Broadcasting Monitoring Centre […]

The Ethiopian Capital Market Authority (ECMA) has awarded Ethio Capital Solutions PLC a Securities Investment Advisor licence, in an announcement on Wednesday, marking a major turning point for Ethiopia’s developing financial industry. This development is a significant step towards broadening the range of services and expertise offered by Ethiopia’s capital market. Read also: Ethio Telecom […]

WigWag has officially rebranded as Stitch Express to enhance e-commerce payments, a move announced on Thursday. This transition aims to streamline online transactions for businesses and customers, integrating seamlessly into the Stitch digital payment ecosystem. Read also: Paymob and Woo join forces to boost e-commerce growth in the region Enhancing E-Commerce transactions The rebranding from […]

On Thursday, Ghana’s fintech startup Oze announced a successful funding round aimed at enhancing its AI-driven digital lending solutions for microfinance institutions (MFIs) and small and medium-sized enterprises (SMEs) across Africa.  This funding was secured from notable investors, including Visa and the German development finance institution DEG, alongside existing backers like Speedinvest and Africinvest. Read […]

Trevi, a new fintech app, has launched in Egypt’s digital payment market, aiming to provide secure transactions and loyalty rewards. Trevi seeks to capture the growing demand for convenient financial solutions while supporting the government’s push for financial inclusion. The app targets 11.4 million users in Egypt over the next five years by offering innovative […]

On Thursday, MANSA, a fintech company focused on cross-border payments, announced the successful completion of a $10 million funding round led by Tether, the issuer of the USDT stablecoin.  This funding aims to address liquidity challenges faced by payment providers, particularly in emerging markets. Read also: Former Leatherback CEO Ibitade launches rival payments firm, Prune […]

Google has furthered its drive into AI-powered research tools by unveiling an AI system that would help scientists plan experiments and generate research hypotheses. The AI Co-Scientist system, which is based on Google’s Gemini 2.0 model, enables researchers to express a scientific goal in natural language, the company stated in a blog post on Wednesday. […]

On Tuesday, Telecom Egypt announced the signing of a number of historic technology service agreements with Orange Egypt in an effort to strengthen their strategic partnership. Through these agreements, Orange Egypt will be able to improve its technology offerings and better serve its clientele. This partnership demonstrates how technical expenditures have increased in the Egyptian […]