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Telecommunication

20

Kenyan Equitel launches 5G network, first in Africa

Airtel and Equitel, the mobile virtual network operator of Finserve, a fully-owned subsidiary of Kenya’s largest retail bank, Equity Group Holdings (previously Equity Bank Group), inaugurated their fifth-generation connectivity service. It is the first 5G  Mobile virtual network operator (MNVO) in the country and Africa. Nairobi, Mombasa, Kakamega, Siaya, Eldoret, Nakuru, and Bungoma are among […]

Modupeoluwa Olalere
28

Mastercard, MTN partner on mobile payments in Africa

In a landmark collaboration, Mastercard, a global leader in payments technology, and MTN Group, Africa’s leading telecommunications provider, have joined forces to revolutionise mobile payments across the continent.  This strategic partnership aims to leverage the widespread adoption of mobile technology in Africa to drive financial inclusion and empower millions of individuals and businesses with convenient, […]

Olumofe Temitayo
28

Airtel Ads promises data-driven success for African advertisers

In an era dominated by digital marketing, African advertisers are continually seeking innovative solutions to reach their target audiences effectively.  Recognizing this need, Airtel Ads has emerged as a game-changer, promising data-driven success for advertisers across the African continent. Leveraging Airtel’s extensive network infrastructure and cutting-edge technologies, Airtel Ads presents a compelling platform for advertisers […]

Olumofe Temitayo
28

Telecom Egypt conducts first successful call in North Africa

Telecom Egypt, one of the leading telecommunication companies in the region, has achieved a significant milestone by successfully conducting the first call in North Africa using “Open RAN” (Open Radio Access Network) technology.  This breakthrough marks a pivotal moment in the telecommunications industry, showcasing the potential of Open RAN to revolutionise network infrastructure and enhance […]

Olumofe Temitayo
16

South Africa to unveil Conduct of Financial Institutions Bill, COFI

South Africa’s vibrant fintech sector is set to experience a significant transformation with the upcoming introduction of the Conduct of Financial Institutions (COFI) Bill.  This pivotal legislation aims to streamline and unify the complex web of financial regulations into a cohesive industry standard, potentially reshaping the operational landscape for financial institutions across the board. Consolidating […]

Ibukunoluwa Josephine Bankole
16

Ghana SC venture empowers MSMEs with digital financial solutions

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is launching SOLV Ghana, a business-to-business (B2B) online marketplace that offers micro, small, and medium enterprises (MSMEs), short-term invoicing financing, buy now pay later services, and business loans via a trusted marketplace of verified buyers and sellers. Empowering MSMEs in Ghana “At SOLV, our mission […]

Ibukunoluwa Josephine Bankole
16

PalmPay fortifies in-app security features amid rise in cyber fraud

PalmPay, a leading Fintech company, has bolstered its in-app safety features to shield users from the surge in fraudulent activities within the digital banking system. The increase in fraudulent incidents has particularly impacted the fintech ecosystem in Nigeria, with Mobile, Web, and Point of Sales (POS) terminals being prime targets for fraudsters in 2023. The […]

Ibukunoluwa Josephine Bankole
28

Egyptian fintech MoneyHash secures $4.5 million for payments services in Africa

MoneyHash, an Egyptian fintech startup, has recently secured a significant milestone by raising $4.5 million in seed funding. This injection of capital signals a vote of confidence in MoneyHash’s vision to transform the landscape of financial transactions across Africa. At its core, MoneyHash aims to facilitate payments in Africa through innovative fintech solutions, leveraging technology […]

Olumofe Temitayo
32

Battle of high-end robot vacuums

Choosing the right robot vacuum for your needs can be overwhelming, especially when comparing high-end models like the iRobot Roomba j7+ and the Roborock S7 MaxV Ultra.  Both offer impressive features and boast intelligent navigation, powerful cleaning, and convenient self-emptying docks. However, some key differences might influence your decision. When tackling dirt, dust, and debris, […]

Olanrewaju Adeniyi
16

Nigeria cracks down on Binance, arrests top officials

The Federal Government of Nigeria’s government has detained two senior executives of Binance, a prominent cryptocurrency exchange company in Africa. This move comes in the wake of escalating tensions surrounding the regulation of cryptocurrencies in the country, with significant implications for both the financial sector, national security and the Nigerian economy. The Arrest and Regulatory […]

Ibukunoluwa Josephine Bankole
11

A Comparative analysis of Cloud and On-Premises Storage for businesses 

Data storage is essential for businesses because it helps with operations, efficiency, and expansion. Businesses are able to keep track of a plethora of information, including client purchases, product specifications, and market tendencies, due to data storage. When used for research, decision-making, and strategy development, this data is invaluable. It makes it easier to meet […]

Staff Writer
21

Kenya, Ghana startups to launch electric motorcycles

A new electric motorcycle venture has been launched in Kenya, thanks to a partnership between Kofa, a Ghanaian energy storage company, and Autopax, a Kenyan assembly and distribution company.  The venture aims to provide sustainable and affordable transportation solutions for the African market, especially for boda-boda services, corporate fleets, and personal use. The partnership was […]

Hauwa Ali Abdul
28

Jeff Bezos sells billions of pounds worth of Amazon stock

Jeff Bezos, the founder and former CEO of Amazon, has recently made headlines with his substantial sale of Amazon stock, amounting to billions of pounds.  This move has sparked curiosity and speculation about its implications for Bezos, Amazon, and the broader market. Understanding the context, motivations, and potential outcomes of such a significant divestment is […]

Olumofe Temitayo
32

A closer Look at Lenovo’s transparent display Laptop

At the Mobile World Congress, Lenovo revealed an intriguing ThinkBook Transparent Display Laptop concept. This cutting-edge gadget has a 17.3-inch transparent MicroLED display. When the display is off, people may see through it thanks to its up to 55% transparency. When illuminated, it reaches a peak brightness of 1000 nits and becomes entirely opaque, but […]

Olanrewaju Adeniyi
14

Schneider Electric Kenya makes Odoh, Country President

With effect from February 2024, Ifeanyi Odoh will take over as Country President for Schneider Electric Kenya, a worldwide leader in energy management and automation. From his position as South East Asia’s Strategy and Transformation Leader overseeing Vietnam and Cambodia, Ifeanyi moves to Schneider Electric Kenya. Ifeanyi is a seasoned company executive who has championed […]

Felicia Akindurodoye
21

Senegal ProXalys secures $500,000 for digital solutions

ProXalys, a Senegalese startup that offers digital solutions for business-to-business (B2B) trade, has announced that it has raised $500,000 in a new funding round from 216 Capital, a Tunisian seed fund that supports early-stage startups in Africa.  The round also saw the participation of Haskè Ventures, a Nigerian venture capital firm, and Digital Africa, a […]

Hauwa Ali Abdul
28

Showmax dominates African streaming market

In recent years, the streaming industry has witnessed remarkable growth globally, and Africa is no exception. Among the various players vying for dominance in this market, Showmax has emerged as a clear frontrunner, capturing a significant share of the African streaming landscape. With a commanding 39% market share, Showmax has solidified its position as the […]

Olumofe Temitayo
28

Analysing Mastercard’s $200 million Investment in MTN Fintech

Mastercard’s recent investment of $200 million in MTN Fintech, a subsidiary of Africa’s leading telecommunications company, MTN Group, marks a significant milestone in the financial technology landscape.  This strategic move not only underscores Mastercard’s commitment to advancing digital payments but also signals a potential transformation in the fintech sector across Africa. Strengthening Digital Payments Infrastructure: […]

Olumofe Temitayo
21

Teraco to power data centres with renewable energy

Teraco, a digital realty company and Africa’s largest interconnection hub and vendor-neutral data centre provider has announced a groundbreaking project to build a 120MW utility-scale solar photovoltaic (PV) energy facility in the Free State province of South Africa.  The project will enable Teraco to power its data centres across the country with clean and reliable […]

Hauwa Ali Abdul
14

Endeavor Kenya announces 10 entrepreneurs for ScaleUp program

Endeavour Kenya has announced ten startup founders who will participate in the first-ever Endeavour ScaleUp Programme.  This programme hopes to help high-growth start-ups figure out how to scale by providing them with connections and tools. The programme aims to support the growth of start-ups that already have a product and are operational. The Endeavour ScaleUp […]

Felicia Akindurodoye
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