Tunisia launched the Unified Arab System for Diploma Authenticity Verification on February 28, marking a major step in combating academic fraud. This blockchain-powered initiative, developed in collaboration with the Arab League Educational, Cultural, and Scientific Organization (ALECSO), ensures that diplomas issued by Tunisian institutions are tamper-proof and instantly verifiable. The move follows a 2023 investigation […]

Ghana and MTN Group have signed a deal to promote the government’s flagship “One Million Coders Program,” which aims to give young Ghanaians digital, coding, and artificial intelligence skills to drive the nation’s digital growth. Ghana’s Minister of Communication, Digital Technology, and Innovation, Samuel Nartey George, and MTN Group President and CEO Ralph Mupita signed […]

The number of active MTN Uganda’s fintech users increased by 13.9 percent to 13.8 million, indicating that the fintech industry is still a major development driver, according to MTN Uganda’s 2024 Financial Year report released on Thursday. Fintech revenue increased by 22.8 percent to UGX947.5 billion, supported by rising mobile money transaction volumes and a […]

MTN Uganda reported a historic 2024 net profit of UGX641.5 billion (about $175 million) reflecting a strong financial performance and a year of consistent commercial momentum. This was contained in MTN Uganda’s 2024 Financial Year report released on Thursday. The telecom operator has maintained its market leadership and grown its digital and fintech offerings under […]

A Ventures has strengthened its commitment to Mrkoon, a pioneering digital market for scrap and surplus materials, by increasing its stake from 20 percent to 28 percent. The investment firm followed up on its initial pre-seed backing with a bridge round, reinforcing its belief in Mrkoon’s potential to transform the waste management and industrial surplus […]

The 4th Ghana Fintech Awards celebrated the best in the country’s digital finance industry, with 19 institutions and five individuals recognised for their outstanding contributions. Organised by the Ghana Fintech and Payments Association (GFPA) in collaboration with Arkel Limited, the event showcased innovation, compliance, and strategic partnerships driving Ghana’s fintech landscape forward. At the top […]

Vice Chairman Brad Smith announced on Thursday that Microsoft Corporation will increase its investment on cloud and AI capabilities in South Africa by an extra $297 million by the end of 2027. According to Bloomberg, Smith made the statement during a Johannesburg event in advance of a forthcoming investment conference in South Africa. Read also: […]

PaySpace, a payroll processor in Africa and the Middle East, on Tuesday rebranded as Deel Local Payroll. This move follows its acquisition by Deel, a global payroll giant, in a deal reportedly worth around $100 million in 2024. Read also: Citi, Visa, Cellulant launch payment tool for Kenyan SMEs Deel expands reach via PaySpace tech […]

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 […]

Citi, Visa, and Cellulant introduced Citi Optimized Pay, a card payment solution, on Wednesday to improve cash flow for Kenyan SMEs. This innovative platform uses Cellulant’s Tingg payment gateway and helps suppliers overcome major obstacles like late payments and a lack of financing choices. Read also: Kenya’s I&M Bank opens new branch in Mtwapa Citi […]

Active mobile subscriptions in Nigeria increased from 164.9 million in December 2024 to 169.3 million in January 2025, according to a Tuesday report by the Nigerian Communications Commission (NCC). Mobile subscriptions from major providers, MTN and Airtel, which grew their subscriber bases during the study period, were the main drivers of the development. Read also: […]

South Africa’s Minister of Communications Solly Malatsi is seriously considering imposing tax levies on streaming giant, Netflix and DStv, raising the matter in a Tuesday parliamentary Q&A session. Minister Malatsi is taking this measure as part of a larger plan to ensure South African Broadcasting Corporation’s (SABC)  financial viability amid the Corporation’s financial struggles. Exploring […]

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 […]

Lagos State Governor Babajide Sanwo-Olu on Wednesday approved a request by FirstBank Group to build a 40-storey headquarters in Eko Atlantic City. Governor Sanwo-Olu presented a certificate of withdrawal to the bank officials at the building groundbreaking attended by prominent figures including Vice President Kashim Shettima, business magnate Aliko Dangote, and FirstBank’s chair, Femi Otedola. […]

Vodacom South Africa has lost its legal battle against the spectrum pooling agreements of its competitors, MTN, Cell C, and Liquid Intelligent Technologies. Vodacom’s request for an urgent interdict to stop these arrangements until a full trial on their legality was denied by the Pretoria High Court. The decision was made public on Tuesday. Vodacom […]

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 […]

Morocco is taking a major step in digital education with the launch of YouCode Fès, a new coding and programming school in the Fès-Meknès region.  The initiative, officially announced on February 28, aligns with the country’s strategy to enhance digital skills and create new opportunities in the tech sector. Backed by a budget of 53 […]

Badili, a leading re-commerce company specialising in refurbished smartphones, has secured a $400,000 debt investment from Proparco. This funding, announced Tuesday, aids Badili’s refurbished electronics program in Africa, mainly Kenya. Read also: Kenya’s I&M Bank opens new branch in Mtwapa Investment details for expansion Proparco’s initiative emphasises the role of smartphone ownership in local economic […]

Airtel Money, in collaboration with DTB Bank, Mastercard, and Network International, has introduced the Airtel Money Global Pay Card at the Golden Tulip Hotel in Kampala, marking a significant milestone for the country’s financial industry. The announcement was made on Tuesday. By facilitating safe, easy, and borderless payments for Ugandans, the new virtual payment solution […]

Eutelsat, Orange Africa and the Middle East (OMEA) have announced a strategic alliance on Tuesday to use satellite communication to close the digital gap across the Middle East and Africa. It seeks to improve digital inclusion in the area by providing internet connection to remote locations. Orange will use the EUTELSAT KONNECT satellite, which provides […]