LoftyInc Capital Secures $43M to Back Seed and Series A Startups in Africa
LoftyInc Capital has successfully closed the first round of its third fund, securing $43 million to invest in late-seed and...
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African Tech Startup Funding Plunges 50% in 2024 Amid Global “Funding Winter”
The African tech startup ecosystem faced a sharp decline in funding in 2024, with total investments dropping by more than...
Namibia Explores CBDC Launch Amid IMF Caution
Namibia is taking steps toward launching a central bank digital currency (CBDC) to enhance cross-border payments and promote financial inclusion....
Nigeria Phases Out Remita for New Treasury Payment System After 13 Years
The Nigerian government is set to replace Remita, the longstanding gateway for its Treasury Single Account (TSA), with a new...
Canal+ Extends MultiChoice Acquisition Deadline as Regulatory Hurdles Persist
French media giant Canal+ has extended the deadline for its planned acquisition of South African pay-TV provider MultiChoice, pushing the...
Safaricom Faces Lawsuit Over Alleged Unfair Dealer Contracts
Kenyan telecommunications giant Safaricom is facing a legal battle with Goodweek Inter-Services Limited, one of its long-standing dealers, over allegations...
Ghana to Introduce e-Cedi in 2025 After Years of Delay
Ghana is set to launch its long-awaited central bank digital currency (CBDC), the e-Cedi, in 2025, pending approval from lawmakers....
The Global Innovation Race: Can Africa Afford to Move Slowly?
Africa has long lagged behind the rest of the world in economic development, with an economy smaller than India’s and...
ABAN Unveils Africa’s First Sports and Creative Investor Network
The African Business Angel Network (ABAN), in collaboration with key industry players, has launched Africa’s Sports & Creative Early-Stage Investor...
Google Doubles Google One Subscription Price in Nigeria
Google has announced a 100% increase in the subscription fee for its 100GB Google One storage plan in Nigeria, raising...
