Author: Today Africa

South African banks could increase lending in 2025 amid improved economic outlook by moderating inflation and lower interest rates.  According to a 2025 outlook report by S&P Global, the banking sector’s credit growth will also rest on the ability of the Government of National Unity, a coalition government comprising the African National

Eswatini partners with Google to drive digital transformation and economic growth. This was announced by the Minister of Information Communications and Technology, Savannah Maziya, a collaboration themed “Innovating Together: Strategic Partnerships for Eswatini’s Digital Transformation and Economic Prosperity.” Empowering youth with digital skills A central goal of this partnership is

MTN secures 10-year license renewal of its 800MHz spectrum license from the Nigerian Communications Commission (NCC). This renewal reinforces MTN’s leadership in Nigeria’s telecommunications market and is set to deliver significant advantages to consumers nationwide. MTN Nigeria’s market position and financial performance MTN Nigeria has consistently been a leading player

Kenya’s financial space is undergoing a significant transformation as M-Pesa integrates with PesaLink, facilitating real-time interbank transactions. This strategic move enhances interoperability within the nation’s financial ecosystem, enabling seamless transactions across diverse financial platforms. By aligning with M-Pesa, PesaLink is poised to expand its user base substantially, leveraging M-Pesa’s extensive

Eko DisCo sells 60% stake to Transgrid Enerco Limited, a consortium comprising North South Power Company Limited (NSP), Axxela Limited, and the Stanbic IBTC Infrastructure Growth Fund (SIIF). On January 21, 2025, the group finalized a share purchase agreement to acquire this significant equity in Nigeria’s second-largest electricity distribution company.

Globacom’s CEO steps down amid regulatory pressures as Ahmad Farroukh, who assumed the role in October 2024 at Nigeria’s leading telecommunications company, Globacom, resigns unexpectedly. While the company hasn’t officially commented, reports suggest that Farroukh faced difficulties adapting to Globacom’s centralized management style, which is heavily influenced by its founder,

Naked, a South African insurtech firm, has successfully raised $38 million (around R700 million) in its Series B2 funding round. This investment was spearheaded by global impact investor BlueOrchard and included increased contributions from existing backers such as Hollard, Yellowwoods, the International Finance Corporation (IFC), and Germany’s development finance institution,