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 […]

The Nigerian Copyright Commission has filed a copyright infringement lawsuit against MTN Nigeria Communications Ltd., and its CEO Karl Toriola, Senior Executive Officer Nkeakam Abhulimen, Fun Mobile Ltd and its CEO Yahaya Maibe, in a separate case. The three-count charge, filed on March 20, 2024, and designated FHC/ABJ/CR/111/2024, is currently before Justice Inyang Ekwo. According […]

On March 3, 2025, at Mobile World Congress (MWC) in Barcelona, T-Mobile’s parent company, Deutsche Telekom (DT), alongside AI startup Perplexity, announced a groundbreaking collaboration: a new “AI Phone” priced under $1,000. Scheduled to launch in the second half of 2025, with sales beginning in 2026, this smartphone promises to redefine the user experience by […]

The Remita platform has been replaced with the Treasury Management and Revenue Assurance System (TMRAS), a new revenue collecting platform, introduced by the Federal Government of Nigeria on Tuesday. The Federation’s accountant-general, Dr. Oluwa Oyin Madein, FCCA, FCA, FCNA, revealed this in a statement. The Office of the Accountant-General of the Federation (OAGF) is leading […]

The organisers of the Africa Fintech Summit announced on Tuesday that the 14th Africa Fintech Summit will be held at the Accra International Conference Centre (AICC) in Accra, Ghana, from October 8–10. The Africa Fintech Summit (AFTS) is Africa’s premier forum for fintech executives, regulators, investors, and innovators. Impactful summits have been held by AFTS […]

I&M Bank Mtwapa Branch officially opened on Saturday, representing yet another significant turning point in the company’s growth. Its footprint in the coastal region is strengthened with this new branch, which also reaffirms its dedication to providing MSMEs, companies, and individuals with cutting-edge financial solutions. Speaking during the official opening of the Mtwapa Branch along […]

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 […]

Ghana on Monday declared its intention to introduce the e-Cedi, its central bank digital currency (CBDC) later this y following years of development and delays. The Bank of Ghana (BoG) has been developing the e-Cedi since 2021, and a successful pilot program has been implemented in specific regions, including Sefwi Asaafo. However, economic and regulatory […]

Khula, an AgriTech firm in South Africa, raised a staggering R126 million from current investors, which included Absa Bank, AECI, E Squared Investments, and PepsiCo’s Kgodiso Fund, according to a statement on Monday. This financing round shows investors’ confidence in the company’s revolutionary approach to agricultural efficiency and production. Khula’s funding and investor confidence Khula’s […]

Finnfund, a Finnish development financier and impact investor, invested €2 million in Fibertime Group, a South African telecoms business, on Monday. Fibertime’s fibre internet service will connect up to 1.8 million homes in rural areas, bridging the digital divide. Finnfund’s Investment and digital inclusion Finnfund has invested in Fibertime Group to bolster digital infrastructure and […]

Nigerian fintech startup, Moniepoint Inc., partnered with Afrigopay Financial Services Limited (AFSL), a subsidiary of the Nigeria Inter-Bank Settlement System (NIBSS), on March 1 to distribute five million AfriGO cards across Nigeria. Moniepoint’s network and infrastructure will be used to roll out NFC-enabled AfriGO cards, which will improve digital payments and financial inclusion. Read also: […]

Microsoft announced Dragon Copilot, an AI-powered assistant, on Monday to streamline clinical operations and decrease healthcare administrative responsibilities. The system integrates the capabilities of Dragon Medical One (DMO) and DAX Copilot, both developed by Nuance, a company Microsoft acquired in 2021.  Dragon Copilot combines these technologies to provide sophisticated ambient listening and natural language dictation, […]

Safaricom on Monday announced the adoption of Red Hat OpenShift as the foundational platform for its apps, including the popular M-PESA mobile payment system. Already, Safaricom’s transactions across Africa exceed $314 billion annually, with over 45 million subscribers and 51 million M-PESA users. By 2025, Safaricom aims to establish itself as Africa’s foremost technology-driven company. […]

Stakeholders from across Africa’s technology and financial sectors gathered in Accra, Ghana, for the Accra Synergy Summit, where discussions centred on the role of artificial intelligence (AI) and blockchain in driving digital transformation and financial inclusion. The summit, hosted by TD Africa, provided a platform for policymakers, tech industry leaders, and global technology giants to […]

The GSMA Africa (Groupe Speciale Mobile Association) team led impactful conversations with business executives on Monday at Mobile World Congress (MWC) Barcelona, to discuss the major hurdles assailing Africa’s digital future. The MWC is an international trade exhibition hosted annually by the GSMA where leaders, inventors, and specialists from the mobile technology sector converge to […]

Pearl Nkrumah has been named the Chairperson of the Council of the Ghana Stock Exchange (GSE), according to a statement on February 27, 2025. Ms Nkrumah, who joined the Council in September 2023, will succeed John Kofi Adomakoh following his resignation from his position as GCB Bank PLC’s managing director in January. Ms Nkrumah’s appointment […]

The Pi Network, a mobile-based cryptocurrency project that has captivated millions with its promise of accessible mining, has made headlines again as its base mining rate dropped significantly in March 2025. Reports within the Pi community indicate that the base mining rate has fallen from 0.0047 Pi per hour to 0.0029 Pi per hour—a roughly […]

In its 2024 financial year report, the number of MTN’s mobile subscribers increased by 6.5 percent YoY growth to 28.5 million subscribers while there was a 13.7 percent increase in its active data subscribers to 17.5 million. Furthermore, there was a 12.8 percent rise in active Mobile Money (MoMo) users to 17.2 million. This growth […]