Telkom recently finalized an agreement to sell its towers subsidiary, Swiftnet, to a consortium of buyers for a substantial $356 million. This move aligns with […]
Category: Business
Nigerian Fintech Startup Hydrogen Posts Profits, Sets Sights on Pan-African Payment Domination
Hydrogen, the fintech arm of Access Corporation (Nigeria’s biggest bank by assets), has achieved its first profitable year since its launch in 2022. According to […]
South African Reserve Bank Holds Rates Steady at 8.25% – Relief for Borrowers, Wait-and-See Approach for Economic Stimulus
The South African Reserve Bank’s Monetary Policy Committee (MPC) opted to hold the repo rate steady at 8.25% following their bi-monthly meeting on Wednesday, March […]
ReGen Climate Tech Accelerator Reveals Debut Cohort, Empowering Trailblazing Startups in Environmental Innovation
ReGen Climate Tech Accelerator, a leading platform dedicated to fostering innovation in climate technology, has unveiled its inaugural cohort of pioneering startups. This milestone marks […]
Praetura Ventures’ PraeSeed Initiative to Inject £6M into 35 Startups: A New Venture to Boost Early-Stage Entrepreneurship in the North
Praetura Ventures, a venture capital firm based in Manchester, UK, has announced the launch of PraeSeed, a pioneering seed program aimed at nurturing early-stage businesses […]
Kenya Airways Slashes Net Loss, Achieves Operating Profit for the First Time in Seven Years on the Back of Soaring Revenues from 35% Year-on-Year Passenger Traffic Growth
Kenya Airways (KQ) announces a significant reduction in its net loss for the fiscal year ending December 31, 2023. The national carrier reports its first […]
Everything You Need to Know: NYSC FAQs Addressed for Graduates Joining the 2024 Batches and Future Mobilizations
The National Youth Service Corps (NYSC) scheme remains a cornerstone program for Nigerian graduates, prompting recurring questions among potential corps members. Here, we compile essential […]
Bank of Tanzania Shifts Tactics, Begins Selling US Dollars to Alleviate Foreign Currency Crisis
The Bank of Tanzania has announced its decision to sell US dollars to commercial banks in a bid to tackle persistent currency shortages that have […]
Trailblazing Women in African Tech: Female-Led Startups Raise Significant Capital in Recent Years
In the ever-evolving landscape of African technology, a cohort of pioneering female entrepreneurs is making remarkable progress, challenging norms, and achieving significant milestones. Despite facing […]
Outlier Ventures and National Technology Development Program (NTDP) Join Forces to Launch Web3 Accelerator Program in Saudi Arabia
Outlier Ventures, a renowned global Web3 accelerator, has joined forces with the National Technology Development Program (NTDP) of Saudi Arabia to introduce a pioneering Base […]