Safaricom’s Ziidi money market fund under scrutiny for anti-competitive behaviour
Safaricom’s Ziidi money market fund is under scrutiny for alleged anti-competitive behavior, following a complaint lodged
Kenya’s top bank executives got richer in 2024, while borrowers struggled
Last year was marked by high interest rates, rising loan defaults, and a credit freeze for
CBEX is back, and Nigerians are paying again despite frozen funds
After two months, CBEX is back with another gimmick, the Ponzi scheme, which falsely claimed to
After one year, Nigeria’s telecom protection law fails to stop fibre cuts
Nigeria signed the Designation and Protection of Critical National Information Infrastructure Order (CNII) in June 2024,
Moove eyes unicorn status with planned $300 million raise
The Uber-backed Nigerian startup, Moove, eyes unicorn status with a planned $300 million raise that could
Rwanda hits 38% internet penetration, but cost still keeps millions offline
Rwanda hits 38% internet penetration, matching Africa’s average internet penetration rate, according to new data from
MTN Uganda to spin off mobile money unit into a standalone fintech
MTN Uganda to spin off its mobile money unit into a standalone fintech company, ending its
Silverbacks partially exits from OmniRetail with a 5x return on its investment
An African-focused private investment firm, Silverbacks partially exits from OmniRetail with a 5x return on its
Starlink suspends service in South Africa pending compliance
Starlink suspends service in South Africa for users who accessed its broadband through international roaming plans.
Kenya to scrap tax breaks on employee stock ownership plans in 2025 Finance Bill
Kenya to scrap tax breaks on employee stock ownership plans (ESOPs) for early-stage startups, a move
