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 […]

MTN Ghana handed over a cutting-edge ICT centre to Yilo Krobo Senior High School on Thursday, February 27, stating it had identified a digital learning gap that the centre could breach. Yilo Krobo Senior High School is situated in Somanya, the Eastern Region of Ghana. The facility was set up with 40 modern computers to […]

In its 2024 financial year report, MTN Nigeria mobile subscribers rose by 1.6 percent to 80.9 million, indicating an impressive growth from the previous year where it recorded 79.7 active mobile subscribers. Despite the Nigerian Communications Commission’s (NCC) industry-wide mandate on NIN-SIM registration, MTN’s active data subscriber base grew by seven percent from 44.6 million […]

The largest mobile network operator in Africa, MTN South Africa, has partnered with LotusFlare, a cloud-native digital commerce and monetisation platform for communications service providers (CSPs), to support strategic initiatives in the South African market. According to the announcement made on Wednesday, MTN wants to increase its agility to satisfy the changing needs of its […]

First Atlantic Bank, on Saturday, won the Mobile Banking App of the year at the fourth edition of the Ghana Fintech Awards, which was held at the Labadi Beach Hotel in Accra.  The award ceremony brought together fintech companies, fintech enthusiasts and other key individual players in the Ghanaian fintech space.  The Ghana Fintech Awards […]

MTN Ghana reported a total revenue of GHS17.9 billion in 2024 which is a 34.4 percent increase from 13.3 billion in 2023. Overall service revenue increased by 34.5 percent year-on-year to GHS17.9 billion in 2024 from GHS13.3 billion in 2023 exceeding its medium-term growth target. The robust expansion of digital services, mobile money (MoMo), and […]

Afreximbank and Kenya on Friday entered into a partnership to accelerate Kenya’s industrialisation and export-led development agenda. This alliance began Kenya’s economic transformation into an African manufacturing hub. Afreximbank industrialisation and export development Afreximbank will support Kenya’s industrialisation and export manufacturing by funding the creation and operation of industrial parks and special economic zones (SEZs). […]

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 […]