Fawry, Egypt’s largest electronic payment platform, announced on February 26, 2025, a strategic investment of $1.6 million in three Egyptian fintech startups: Dirac Systems, Virtual CFO, and Code Zone.  This move supports Fawry’s goal of developing its “Fawry Business” ecosystem to offer digital solutions to businesses across sectors. Read also: KCB Bank becomes first East […]

Since the beginning of March 2025, a claim has surfaced online suggesting that Karl Toriola, the CEO of MTN Nigeria, earns a staggering N8.5 million per day, making him the highest-paid employee in the country. While unverified by official sources, this figure has ignited conversations across social media platforms and among industry watchers, raising questions […]

A U.S. court has granted bail to Yoruba king, Oba Joseph Olugbenga Oloyede, the Apetu of Ipetumodu, after he was arrested and charged with defrauding the American government of 4.2 million dollars in COVID-19 relief funds. Bail conditions and passport seizure Judge Christopher Boyko of the U.S. District Court for the Northern District of Ohio […]

On Thursday, the European Investment Bank (EIB) reaffirmed its commitment to invest $52.48 million in Africa Finance Corporation’s (AFC) $750 million Infrastructure Climate Resilient Fund (ICRF). This landmark project, managed by AFC Capital Partners (ACP), the asset management division of AFC, aims to accelerate climate adaptation and sustainable infrastructure development across Africa. The Green Climate […]

Microsoft announced on February 28, 2025, that it will terminate Skype, its once-dominant communication platform, beginning in May 2025. Microsoft Teams has multiplied, especially during the COVID-19 epidemic; thus, this choice consolidates its communication services under it. Read also: OpenAI launches GPT-4.5: A game-changer for ChatGPT users Why Skype is being retired Since its inception […]

Nsano Ltd, a prominent pan-African fintech company, has opened a regional office in Rwanda, East Africa. This strategic move was announced on February 28, 2025, after the National Bank of Rwanda won Category II and III Payment Aggregation and Payment Remittances Service Licenses. Read also: KCB Bank becomes first East African bank to adopt PAPSS […]

Ethio Telecom on Wednesday introduced a cloud-based Education Management System (EMS) designed to transform educational institutions in Ethiopia. This system is part of a broader set of seven enterprise solutions, which also include Digital Livestock Tracking, Push-to-Talk/Video (PTT/V) communication, Core Banking Solutions, One-Office Collaboration, Contact Centres, and ERP Solutions. Read also: Nigeria to construct 7000 […]

MTN Group Fintech in collaboration with Paysky on Wednesday launched Market by MoMo, an e-commerce platform designed to give Ugandan business owners and customers a hassle-free digital market experience. Market by MoMo is a one-stop shop for purchasing and selling a variety of goods, such as electronics, groceries, clothing, cosmetics, and more, is provided by […]

Credit Bank Plc has introduced the Sacco Cash Pickup Portal Remittance Service in collaboration with SACCOS that would enable seamless cross-border remittances for Kenyans in rural areas. The unveiling of the initiative took place in Eldama Ravine, Baringo County, on Thursday. The 14 Skyline SACCO locations located in Nakuru, Baringo, Trans Nzoia, and Nandi counties […]

Airtel Africa Chairman, Sunil Bharti Mitta, declared that the firm would support Nigeria’s 3 Million Technical Talents (3MTT) program, promising to train 25,000 young Nigerians in digital skills in 80 local government areas. In a statement posted via Airtel Africa’s LinkedIn page on Friday, it claimed that Airtel Africa’s Chairman Sunil Bharti Mittal, and CEO […]

Zamtel on Wednesday announced its five-year corporate strategy for 2025–2029, which gives it an opportunity to lay the groundwork for an ambitious restructuring. The business is reaffirming its commitment to innovation, client excellence, and sustainable growth as the telecom industry evolves. It stated, “Our 2025-2029 Corporate Strategy gives a blueprint of our roadmap to market […]

Airtel’s management reiterated the company’s steadfast commitment to expanding financial inclusion in Nigeria, especially through SmartCash PSB, Airtel’s subsidiary that provides underprivileged areas with easily accessible digital financial services. They also described the company’s continuous efforts to improve service quality, increase network coverage, and close the digital divide. This commitment was made during a high-level […]

MTN MoMo, in partnership with Mastercard, Diamond Trust Bank and Network International, launched a Virtual Card on Thursday to facilitate safe online transactions in Uganda. The Virtual Card is an inventive payment solution created to allow MTN MoMo customers to conduct safe online transactions without requiring a physical card or bank account. In line with […]

Canadian authorities on Thursday updated the Express Entry system occupation lists to include a new category to attract educators such as teachers, class assistants and early childhood educators. Due to a shortage for teachers and an expanding group of students, there is a growing need for educators, which led to the update. The new category […]

On February 27, 2025, OpenAI announced the launch of GPT-4.5, a groundbreaking addition to its ChatGPT lineup that heralds a new era in artificial intelligence. Dubbed the company’s “largest and best model for chat yet,” GPT-4.5 is rolling out as a research preview, starting with ChatGPT Pro subscribers and expanding to Plus, Team, Enterprise, and […]

Telecom Egypt ended 2024 with a record-breaking revenue of EGP 82 billion ($1.6 billion) with a growth of over 45 percent and a significant increase of its customer base across all services. According to the report released on Thursday, the main driver of the 45 percent YoY increase in total revenue was the 48 percent […]

MTN Nigeria Communications Plc’s revenue increased by 35.9 percent to N3.3 trillion in 2024, yet the company still reported an after-tax loss of N400.4 billion. In a trading statement issued Thursday, MTN Group, the parent company of MTN Nigeria, informed its shareholders that its earnings per share (EPS) for the full year ending December 31, […]

Amazon Web Services (AWS) announced its new quantum computing chip, a prototype called Ocelot, on Thursday, marking its entry into the competitive quantum computing arena. Tech giants like Google and Microsoft are also in the race to develop full-fledged quantum computers. According to AWS, the Ocelot quantum computing processor can cut quantum error correction costs […]

The Nigerian government on Thursday announced plans to invest in the construction of 7,000 telecom towers throughout the nation’s rural areas as part of efforts to bridge the digital gap. Dr Bosun Tijani, Minister of Communication, Innovation, and Digital Economy, made the announcement at a meeting with State House correspondents in Abuja on Thursday. The […]

The crypto world is buzzing after Binance, the top cryptocurrency exchange, concluded its community vote on listing Pi Coin, the native token of the Pi Network. Launched on February 17, 2025 and ending on February 27, 2025, the Binance vote saw an impressive 86 percent approval rate, as reported on X today, February 28, 2025. […]