TikTok Reduces African Workforce Amid Global Restructuring
Chinese short-form video hosting social media platform, TikTok reduces African workforce in June 2024 amid global restructuring.
Uganda UTel Secures $225 Million Investment From a Dubai-based Investor
Uganda UTel secures $225 million investment from a Dubai-based investor, Rowad Capital Commercial (RCC) LLC, a
Jumia’s Stock Price Decline Raises Concerns Over Secondary Share Sale
Jumia’s stock price decline raises concerns over secondary share sale. The stock price dropped significantly on
Hohm Energy Faces Financial Struggles Despite Raising $12M in Two Years
A South African climate startup, Hohm Energy faces financial struggles despite raising about $12M in two
Egypt’s Lucky ONE Secures $3M to Expand Operations and Enter New Markets
Egypt’s Lucky ONE secures $3M in a convertible bond round to expand its credit platform and
MTN Nigeria Renegotiates Tower Deal with IHS and ATC
MTN Nigeria renegotiates tower deal with IHS and ATC after a service revenue decline in Q1
MTN Exits One of its West African Markets, Completes Sale to Telecel
MTN exits one of its West African markets, completes sale to Telecel in Guinea-Bissau. The deal,
Sendsprint Acquires Nobel Financial to Strengthen Operations in the US
Sendsprint acquires Nobel Financial Inc. for an undisclosed fee. Damisi Busari, an ex-Flutterwave executive, founded the
CBN Approves Providus Bank and Unity Bank Merger
CBN approves Providus Bank and Unity Bank merger. Per a statement by the apex on the
Meta Rolls Out Monetization Tools for Content Creators in Kenya
Meta rolls out monetization tools for content creators in Kenya, which would them allow them earn
