Nigeria's ambitious plan to extend its fiber optic infrastructure by 90,000 kilometers has received significant international backing, with the World Bank committing $500 million to the project. This announcement comes shortly after a $2 million grant approval from the...
In the rapidly evolving world of digital finance and technology, Africa is emerging as a global leader in cryptocurrency adoption and Web3 innovation. Recent research from the 2024 Global Perception Survey on crypto and Web3 reveals a remarkable trend...
Yellow Card, a prominent cryptocurrency exchange operating across Africa, is actively seeking regulatory approval from Nigeria's Securities and Exchange Commission (SEC). This strategic move follows the company's recent achievement of securing a Crypto Asset Service Provider (CASP) license in...
Nigerian lending infrastructure company Lendsqr has expanded its footprint into Kenya, launching an innovative platform that could help bridge the country's $1.1 billion MSME credit gap. The expansion brings advanced loan origination and management tools to Kenya's digital lenders,...
Elon Musk's Starlink has halted its controversial price increase in Nigeria following potential regulatory challenges, marking a significant victory for Nigerian internet users. The satellite internet provider had initially announced a nearly double price hike, citing inflation concerns.
In a...
Innoson Vehicle Manufacturing (IVM) has made a significant stride in Nigeria's automotive industry by unveiling its first locally-made electric vehicles. The company aims to contribute to a greener future and provide Nigerians with sustainable and efficient transportation options.
The Electric...
The all-in-one events management and ticketing platform Book't, well-established among Afrobeats and diasporic event organizers in New York and New Jersey, has been invited to participate in the high-profile event, "Accelerating Nigeria's Digital Transformation: A Blueprint for Economic Growth...
Hisa, a leading African investment platform, has been acquired by Risevest, a US and pan-African-based investment platform. This partnership marks a significant milestone for Hisa and its customers, offering increased access to global offerings and improved product experiences.
The acquisition...
dLocal, a leading cross-border payments platform, has formed a strategic alliance with iTransfer to address the complexities of cross-border transactions in emerging markets. The partnership aims to mitigate the impact of currency volatility, providing users with competitive exchange rates,...
OurPass has obtained a Microfinance banking license from the Central Bank of Nigeria and is scheduled to start operations in September 2024, this comes just five months after receiving an initial approval
OurPass which transitioned from a one-click e-commerce checkout...