Kenyan digital lender Whitepath fined $2,000 for unlawful data use
Office of the Data Protection Commissioner (ODPC) has fined Kenyan digital lender Whitepath KES 250,000 ($2,000) for violating data privacy laws. Court records show that the regulator found that Whitepath, which operates Instarcash and Zuricash loan apps, listed an individual as a guarantor without their consent and subjected them to debt
Botswana enters the space race with BOTSAT-1 launch
Botswana enters the space race with BOTSAT-1 launch, it first announced its plans for the launch in July 2024, and with just a few months into the new administration, this launch has been executed successfully. By launching BOTSAT-1, Botswana aligns itself with a growing list of African countries prioritising space technology.
Top 75 Entrepreneurship Ideas in South Africa This Year
South Africa’s business environment is also evolving, with increasing government support for startups, a growing digital economy, and a strong culture of entrepreneurship. From large metropolitan hubs like Johannesburg and Cape Town to rural areas teeming with agribusiness opportunities, South Africa’s dynamic market accommodates a wide range of industries. So
Access Bank in advanced stages of acquiring the KCB Group-owned National Bank of Kenya
Nigeria’s biggest bank by assets, Access Bank in advanced stages of acquiring the KCB Group-owned National Bank of Kenya (NBK), five months after the deal was expected to close. If completed, the acquisition will mark a significant milestone in Access Bank’s pan-African expansion, giving it a stronger foothold in Kenya—East
How can African female entrepreneurs find capital in a world where investors are not looking for them?
African female entrepreneurs are at the forefront of innovation, resilience, and economic transformation across the continent. Yet, despite their immense potential and the vital role they play in job creation and poverty reduction, many face an enormous capital gap. In a world where investors are often not looking for them,
Fintava Pay is banking the unbanked in Northern Nigeria
Between 2020 and 2023, the phrase “banking the unbanked” became a popular tagline for Nigerian fintech startups. Many claimed they would bring financial services to the 28.8 million adults in Nigeria who lacked access. However, most fintechs concentrated their efforts within Lagos, Nigeria’s economic hub, leaving much of the country
4 Key Sectors Driving Entrepreneurship in South Africa This Year
In South Africa, entrepreneurship plays a pivotal role in addressing challenges such as unemployment, economic inequality, and sustainable development. This article delves into the current state of entrepreneurship in South Africa, exploring its significance, key sectors driving entrepreneurial activity, and challenges faced by entrepreneurs. Significance of Entrepreneurship in South Africa
Third-party retailers dominate Starlink sales in Nigeria amid direct sales freeze
Since October 2024, third-party retailers dominate Starlink sales in Nigeria amid direct sales freeze as Nigerian customers seeking to subscribe to Starlink have been unable to purchase kits directly from the internet provider. The halt in direct sales, which Starlink says was due to overcapacity, comes as the company, which
LOTUS Bank partners with Inter Lagos FC
Non-interest commercial bank, LOTUS Bank partners with Inter Lagos FC, a Nigerian National League (NNL) club, to provide critical financial support to strengthen its domestic and international ambitions. The move, its second in three years, highlights a growing trend among banks leveraging sports sponsorships to expand their brand influence and
Silver Box acquires Kenya’s Mobius Motors
Kenya’s Mobius Motors, once hailed as Africa’s answer to homegrown vehicle manufacturing, has found a lifeline. Silver Box, a Middle East-based investment firm, has acquired the struggling automaker, marking a fresh chapter for the brand after years of financial turmoil. Founded in 2009 by British entrepreneur Joel Jackson, Mobius Motors aimed
