Nigerian Government to Begin Taxation of Reality Shows and Lottery Winners
Nigerian government to begin taxation of reality shows and lottery winners. Winners will be paying a 5% tax on their winnings in 2025. This is according to new withholding tax regulations by Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy. According to the official gazette dated
Who is Mo Ibrahim? An In-depth Look at His Life, Career & Legacy
Mohammed “Mo” Ibrahim is a Sudanese-born British entrepreneur and philanthropist who founded one of the largest mobile phone companies operating in Africa. He created the multimillion-dollar Ibrahim Prize for Achievement in African Leadership. He is best known for his remarkable contributions to telecommunications in Africa, as well as his pioneering efforts
How to Standout with Your Cake Luxury Business – Founder of Elizabeth’s Cake Emporium
Elizabeth Solaru is the founder of multi award winning Elizabeth’s Cake Emporium, one of the best wedding cake companies in the world. Her company creates innovative, opulent and beautifully handcrafted cakes using the most carefully sourced ingredients. A pioneer in the wedding industry, her creations have been featured in numerous
Safaricom Partners Cloudflare and Copycat to Provide Businesses in Kenya Affordable Cybersecurity
Safaricom partners Cloudflare and Copycat to to protect businesses in Kenya from data breaches and modern-day cyber threats. This partnership with Cloudflare, a global web infrastructure and cybersecurity provider, and Copycatgroup, a business technology provider in Africa, will help provide affordable cybersercurity. The partnership aims to provide affordable and reliable
From Lab Scientist to a Luxury Cake Brand Owner – Elizabeth Solaru
Elizabeth Solaru is the founder of multi award winning Elizabeth’s Cake Emporium, one of the best wedding cake companies in the world. Her company creates innovative, opulent and beautifully handcrafted cakes using the most carefully sourced ingredients. A pioneer in the wedding industry, her creations have been featured in numerous
Jumia to Exit South Africa and Tunisia to Focus on High-growth Markets
Jumia to exit South Africa and Tunisia to focus on high-growth markets, its decision to cease operations in these countries as part of a strategic shift to optimize resources. The closures, set for the end of 2024, will allow Jumia to concentrate on markets with stronger growth potential. The decision
Capitec Restricts Customers from Sending Funds to Crypto Exchanges
South African retail bank Capitec restricts customers from sending funds to crypto exchanges in a move highlighted as an anti-fraud measure. Speaking to MyBroadband, the bank, through a spokesperson, said, “Capitec is committed to protecting our clients from fraud, which is why we made the decision to block EFTs and immediate real-time
13 Best Beaches in East Africa This Year
East Africa is full of surprises. You might think it’s just about safaris and wildlife, but the Kenyan and Tanzanian coastlines also offer amazing beach experiences. With tropical climates and pristine warm waters, these beaches provide an inviting opportunity to immerse yourself in island life. A beach break in East Africa makes a wonderful addition
Ethiopia’s Central Bank Introduces New Policy on FX Spreads and Fees
Ethiopia’s central bank introduces new policy on FX spreads and fees that takes effect immediately. This requires the country’s financial institutions to separately include their forex trading spreads in their daily posted rates to ensure transparency. The bank stated that, based on lessons learnt and input from the banking sector,
Kenya’s Sistema.bio Gets $15 Million to Scale Clean Energy Technology
Nairobi-based biogas technology company, Sistema.bio gets $15 million to expand its sustainable energy solutions across Africa. This funding will allow the company to scale its operations, expand into new markets, and advance its regenerative agricultural solutions — providing clean energy and regenerative agriculture solutions to smallholder farmers worldwide. The funding round was
