Nigeria’s Power Grid Partially Restored After Collapsing for the Sixth Time
Following a nationwide blackout in Nigeria yesterday, October 14, 2024, Nigeria’s power grid partially restored after collapsing for the sixth time in 2024. Abuja Electricity Distribution Company (AEDC) reportedly received 30MW and Benin Electricity Distribution Company (BEDC) received 20MW, totalling 50 MW. Furthermore, as of 7 p.m. yesterday, only Ibom Power was
Crypto Firms Refund ₦160 Million to FG After Indictment
Crypto firms refund ₦160 million to FG after indictment for unlicensed USDT-Naira trading. These Nigerian cryptocurrency firms are Paparaxy Global Ventures Limited and Lemskin Technologies Limited, they were charged for conducting financial services without proper licensing. The companies were accused of engaging in unauthorised USDT-Naira transactions and unlicensed financial operations. This
Choosing the Right Business Structure This Year
Choosing the right business structure is one of the most critical decisions you will make when starting your business. This decision will significantly impact your business’s taxes, liability, and overall management structure. But, it can be overwhelming to determine which structure is the best fit for your business. That’s why
How to Build a Strong Business Relationship
Business relationships are the connections you build with your customers, team members and business partners. Starting relationships in a positive way can help you maintain long-lasting, productive connections to help an organization grow. Learning how to start positive relationships could help you expand your professional network and succeed in your
Telecoming Partners with The Movement Empire Bring Fitness to South Africans
Mobile service provider for sports and entertainment content, Telecoming partners with The Movement Empire, an online platform offering exercise programmes, to deliver on-demand workout content to mobile users in South Africa. The agreement enables users to access fitness sessions, ranging from low-impact workouts to high-intensity interval training (HIIT) and yoga-inspired routines, through
Starlink Gets Licence in Liberia to Expand Internet coverage
Starlink gets licence in Liberia, this is coming after the Liberia Telecommunications Authority (LTA) signed a one-year licencing agreement with Starlink to increase high-speed Internet access throughout Liberia, particularly in remote and underserved areas. The provisional licence will allow LTA to assess Starlink’s services over the next year, setting quality
South Africa’s Mustek Acquires Majority Stake in CyberAntix
South Africa’s Mustek acquires majority stake in CyberAntix, a security operations centre-as-a-service provider, from Sizwe Africa IT. The R20 million ($1.1 million) deal, which includes an R8 million ($457,820) transfer of shares and a R12 million ($686,730) shareholder loan. Sizwe Africa IT, owned indirectly by Ayo Technologies through Zaloserve, made
Transform Health Fund Raises $111 Million, Eyes More Healthtech Startup
AfricInvest, a pan-African investment platform, Transform Health Fund raises $111 million, eyes more healthtech startup. The fund, managed in partnership with the Health Finance Coalition (HFC), aims to boost innovative healthcare models across Africa by addressing critical health financing and capacity gaps. Several investors, including the International Finance Corporation (IFC), Proparco,
Kenya to Link M-PESA Paybills to Tax System
Kenya to link M-PESA paybills to tax system as virtual Electronic Tax Registers (ETRs) by December 25, 2024. This initiative, part of the country’s broader tax reforms, aims to widen the tax base and curb evasion. By integrating mobile money transactions with tax systems, the Kenya Revenue Authority (KRA) hopes to
Mali Temporarily Lifts Starlink Ban for 6 Months
Mali temporarily lifts Starlink ban for 6 months to develop new regulatory framework, marking a significant shift in the country’s approach to Internet access. The decision allows citizens to reconnect to Elon Musk’s satellite-based service for six months, while authorities establish a new regulatory framework. The West African nation, currently
