With Africa experiencing a surge in internet users and cyberattacks, the shortage of cybersecurity professionals poses a grave threat. Discover how industry leaders are rallying to bridge this talent gap and safeguard the continent's digital infrastructure.

After enduring weeks of disruptions, West Africa sees hope as subsea cables severed since last month are repaired, promising steady internet connection via normal routes.

NBA Africa's Triple Double accelerator offers a game-changing opportunity for African tech startups to receive mentorship, funding, and collaboration prospects with industry giants. With a focus on innovation in event management, ticketing, AI, and digital marketing, the program aims to shape the future of sports tech on the continent. Joining forces with NBA Africa and BAL, chosen startups have the chance to pitch their groundbreaking ideas and secure vital support for their ventures.

Discover why South Africa's crypto licensing omits major players like Binance and Yellow Card, signaling potential shifts in the African crypto market. Despite regulatory hurdles, industry leaders navigate challenges while aiming to resolve legal ambiguities. Stay updated on the evolving crypto landscape in South Africa and its implications for global exchanges. 🌍💰🔍

Nigerian banking giants, including Access, GT Bank, UBA, and First Bank, race against time to meet the Central Bank's stringent capital requirements by March 2026, signaling a significant shake-up in the country's banking sector.

Starlink, SpaceX's satellite internet provider, announces restrictions on roaming in unlicensed regions, affecting users in countries like Cameroon and South Africa.

African agritech startup, ThriveAgric, and climate action arm Acorn Rabo Bank join forces to empower Nigerian farmers with carbon credit access, aiming to remove 1.3 million metric tonnes of carbon emissions and generate $56 million in revenue, marking a significant step towards sustainability and financial inclusion.

Nigeria unveils plans for a new national identification system, promising integrated payment features and social service delivery. However, skepticism abounds as citizens express concerns over past identification initiatives and the complexity of the proposed system.

Microsoft's legal woes in South Africa echo its ongoing struggles in Europe, signaling potential challenges for its cloud computing licensing practices worldwide.

In Q1 2024, African startups faced a significant 51.36% drop in funding compared to the previous year, totaling at least $369 million across 64 deals. Despite the decline, sectors like mobility and cleantech showed promising growth, while M&A activity and startup closures reshaped the landscape.

From heartbreaking misses to match losses, footballers face the wrath of internet trolls in the digital age, as passionate fans blur the lines between support and cyberbullying.

Dive into the digital realm as Ghana embraces YouScribe, offering over 1 million audio and eBooks, newspapers, press titles, and educational documents to its growing base of readers.

Discover why Thepeer, a promising African fintech startup facilitating inter-wallet operability, is shutting down after raising nearly $2.5 million in funding, shedding light on challenges faced in the competitive payment landscape.

Joining the ranks of African entrepreneurs turned investors, Sim Shagaya launches The Honey Badger Fund (HBF), a new venture aimed at backing exceptional startups in Africa. With a focus on providing not just funding but also valuable experience, Shagaya's initiative marks another step forward in Africa's burgeoning startup ecosystem.

Get ready, Nigerian Netflix users! 🇳🇬 Prepare for some changes as Netflix hikes its subscription prices in Nigeria by 11%. With adjustments across various plans, find out how this impacts your streaming experience and what it means for Netflix's investment in the African market. 📺💰

Ethiopia's Commercial Bank (CBE) grappled with a technical malfunction as customers, including students, withdrew excess funds. Now, after a concerted effort, the bank has largely recovered from the incident.

Discover why ByteDance's decision to shut down LetsChat, its African messaging app, signals a shift in the continent's digital landscape and what it means for users.

Discover how Erik Nygard, CEO of Accra-based Kofa, is leading the charge in Africa's electric mobility revolution, leveraging innovative battery-swapping networks to overcome infrastructure challenges and propel sustainable transportation solutions forward. 🚀

Explore how Leatherback's collaboration with YES BANK is revolutionizing remittances by enabling seamless Indian Rupee transfers worldwide, fostering economic growth and cultural exchange between India and Africa.

Former employees of Paystack, the Nigerian fintech unicorn, are pioneering a wave of entrepreneurship across Africa's tech landscape, with over fourteen startups emerging from their ranks. Dive into the vibrant ecosystem cultivated by Paystack alumni, shaping industries from fintech to food delivery. 🌍💼

Lagos, Nigeria's bustling tech epicenter, takes on global ride-hailing giant Uber in a contentious data-sharing standoff, leaving both residents and the tech community on edge.

Nigerian fintech startup Brass successfully addresses transaction delays that had been troubling users since late 2023, marking a significant turnaround for the platform.

Discover how Rain, a South African telecom pioneer, achieves a milestone valuation exceeding $1 billion, driven by groundbreaking 5G technology and strategic investments.

Heirs Holdings, a leading Pan-African investment firm, has embarked on a tech-focused journey with the launch of Heirs Technologies, aiming to shape Africa's digital future through cutting-edge solutions and local talent development.

South Africa's Financial Sector Conduct Authority (FSCA) has made significant strides in regulating the cryptocurrency industry, granting licenses to 59 crypto firms as of March 12, 2024. Learn more about the implications and requirements of this regulatory development.

🔌 Widespread internet disruptions strike West, East, and Central Africa as damaged subsea cables wreak havoc, causing connectivity headaches for millions.

In a two-week information blackout, the detained Binance executives in Nigeria have been identified as Tigran Gambaryan, head of criminal investigations, and Nadeem Anjarwalla, the regional manager for Africa. Amid allegations of cryptocurrency market manipulation, their passports have been seized, sparking international concerns and collaborative efforts with Nigerian authorities for a swift resolution. The crypto community awaits developments, emphasizing the challenge of navigating regulatory landscapes.

Embark on a journey of innovation at the Africa Technology Expo! Mark your calendars for June 22, 2024, as Lagos hosts this epic event, bringing together startups, investors, and visionaries to shape the future of African tech. Secure your spot now and be part of the revolution!

Dive into the insightful world of Bolaji Sofoluwe, Founder of ETK Group, as she shares her journey in supporting women-led businesses. Uncover the impact of mentorship, challenges of gender bias in funding, and practical strategies to close the funding gap in the African business landscape. 🌍💰

Embark on an inspiring journey with Chioma Okotcha, Co-founder of PayHippo, as she unveils her path in the tech startup world, overcoming challenges and raising over $5m in early-stage funding. 🌟💼 Join us in the first installment of "Navigating Success: Stories of Triumph and Resilience," celebrating Women’s Month with insights into Chioma's pivotal moments and valuable lessons for aspiring entrepreneurs.

Despite entering the US market to facilitate affordable remittances for the African diaspora, Chipper Cash's international money transfer services from the United States remain suspended since January, impacting users. Challenges, including a valuation decrease and workforce reductions, have marked the fintech's late 2022 journey.

In a strategic move, French premium TV giant Canal+ has sweetened its deal to acquire MultiChoice, Africa's leading entertainment company, by adding $1 billion to its original offer, now totaling $2.7 billion. As Canal+ gears up for a formal bid in April, the acquisition is poised to reshape the African entertainment landscape.

A cyber attack on South Africa's Companies and Intellectual Property Commission (CIPC) has raised concerns as personal information of clients and employees is unlawfully accessed. The breach has led to a shutdown of certain CIPC systems to mitigate potential damage, prompting a call for vigilance among affected individuals. This incident highlights the growing threat of cybercrime in the country, with several government entities falling victim to similar attacks in recent times.

Nigeria intensifies its crypto crackdown, imposing a staggering $10 billion fine on global cryptocurrency exchange Binance. This move follows the recent arrest of two Binance executives and the central bank governor's concerns over $26 billion in transactions with unidentified sources. The regulatory pressure signals a challenging landscape for crypto platforms in Nigeria. 💼🔍

Equitel, the MVNO backed by Equity Group Holdings, has pioneered Africa's first 5G connectivity service, collaborating with Airtel. Covering over 370 locations in Kenya, including major cities like Nairobi and Mombasa, this marks the third 5G rollout in the country, offering faster and more reliable internet connectivity for businesses and individuals. As MVNOs embrace 5G, this development signifies a shift in the African telecom landscape with a focus on specialized digital services tailored to specific market needs.

Explore the journeys of once-promising African startups backed by Y Combinator that faced challenges, internal conflicts, and economic shifts leading to their closures. From fintech to aviation and social commerce, delve into the stories of Pivo, 54gene, Passerine Aircraft, Tress, and Saida, uncovering the factors that contributed to their shutdowns. Despite setbacks, other Y Combinator alumni in Africa continue to thrive, showcasing the dynamic landscape of innovation on the continent.

💡 Dive into the financial turbulence in Nigeria as Binance, the crypto giant, faces regulatory heat! The Central Bank Governor reveals startling figures of $26 billion processed by Binance Nigeria in 2023, prompting a crackdown on crypto activities. Explore the unfolding dynamics, regulatory actions, and the heightened interest rate strategies in Nigeria's financial landscape.

Discover how Egyptian fintech powerhouse MoneyHash, armed with $4.5 million in seed funding, aims to transform digital payments in the Middle East and Africa. Despite the surge in digital payment adoption, MoneyHash addresses the region's challenges, boasting a strategic platform to empower merchants and enhance the checkout experience.

The recently concluded Total Energies Africa Cup of Nations (AFCON) in Côte d'Ivoire led to a phenomenal 300% boost in earnings for African content creators, according to StarNews Mobile. With a surge in engagement, particularly in Nigeria, Cameroon, and Côte d'Ivoire, where creators experienced a remarkable 200%, 300%, and 400% increase in viewers and revenue, respectively. AFCON-related content saw tremendous demand, streaming over four million videos per month and attracting 500,000 new subscribers passionate about the tournament. The data highlights the thriving content space in Africa and the immense potential for creators in the region.

Seacom, a prominent undersea communications systems operator in Africa, encounters connectivity issues due to cable damage in the Red Sea. While the cause remains officially unconfirmed, potential threats from the Iranian-backed Houthi militia highlight the region's geopolitical sensitivity, impacting internet access across surrounding areas. Seacom is swiftly rerouting services to minimize disruptions and working diligently on restoration plans.

🌐 Unlocking Africa's Digital Future: Equinix's bold $390 million investment signals a significant step in bridging the digital divide in Africa. As the continent gears up for a tech revolution, the expansion plan focuses on key regions, promising increased connectivity and digital opportunities. Explore how Equinix's strategic move aligns with Africa's rising tech prominence!

Nigeria's fitness landscape undergoes a transformation as Verod, a West African private equity firm, secures a 65% stake in i-Fitness from CardinalStone for $12 million. The deal marks a significant evolution for i-Fitness, from its inception in 2015 to becoming a leading fitness chain with 26,000 subscribers across 21 locations in four cities.

As Nigeria grapples with a currency crisis, the government eyes a fresh crypto crackdown, calling for measures against major exchanges like Binance, OctaFX, Coinbase, Kraken, and FXTM. The move, driven by concerns of currency manipulation and money laundering, raises questions about the future of cryptocurrency in the country.

Meet the visionaries behind Ocular AI, Micheal Moyo and Louis Murerwa, making waves at Y Combinator. This Silicon Valley startup aims to revolutionize workplace efficiency by unifying tools, data, and engineering resources. Rooted in a passion for social impact, the duo brings expertise from Microsoft and Google to streamline information access and automate tasks.

After more than a year, the Ghana-based Africa team laid off by X (formerly Twitter) following Elon Musk's acquisition has finally reached a severance settlement. The dispute, marked by legal pressure and advocacy, involved demands for fair compensation, including three months' gross salary, repatriation expenses, stock option vesting, and healthcare continuation. As the details remain undisclosed, a representative from the law firm expressed the employees' satisfaction, marking closure after facing challenges with the world's richest man's acquisition.

Discover the game-changing broadband initiatives aiming to bridge the digital divide in Africa! From Google's Taara beaming data across the Congo River to Microsoft's Airband satellite internet reaching remote areas, these projects promise to revolutionize internet connectivity, transforming lives and societies. 🌐📡

Nigerian mobility startup, Moove, secures $10 million funding to propel its ambitious vehicle financing expansion across Indian cities, marking a year since entering the subcontinent. With a commitment to eco-friendly mobility solutions, Moove plans to reshape India's vehicle ownership landscape, having already completed over a million trips and acquired 1500 vehicles in major cities.

Dive into the future of business finance! Carbon has acquired Vella Finance, creating Carbon Business—a game-changing AI-driven platform offering businesses insights, low-cost loans, and innovative solutions. Join the financial revolution!

In the wake of the tragic demise of Access Bank's former CEO, Herbert Wigwe, Bolaji Agbede steps in as the acting Group CEO, bringing a wealth of experience and understanding of the Access culture. The appointment reflects the bank's robust succession planning practices.

💔 In a tragic incident, Herbert Wigwe, the esteemed CEO of Access Bank and Access Holdings, met with a fatal accident in the United States. Beyond his financial prowess, his legacy as a philanthropist and visionary leader transcends, leaving an indelible mark.

Discover the promising landscape of Africa's digital commerce, set to soar to $72 billion by 2026, driven by a 25% annual growth rate. As the continent embraces digitization, find out how alternative payment methods dominate, with a focus on mobile-first strategies, reshaping the future of payments in rising markets. Additionally, explore the surge in B2B payments, propelled by the rise of digital marketplaces, creating new opportunities for businesses in Africa and beyond.

A mysterious internet blackout in Sudan, amid ongoing conflicts, has sparked accusations between the Sudanese government and paramilitary forces, further intensifying a ten-month civil war. With major telcos affected, around 14 million internet users are left in the dark, drawing international attention. The situation escalates as hacktivist group Anonymous Sudan targets telecom networks in Djibouti and Uganda, alleging ties to the paramilitary group, Rapid Support Forces (RSF). The blackout highlights the complex web of conflicts affecting digital communications in the region.

South Africa's ambitious plan to phase out 2G and 3G networks sees a shift in the deadline, now set for December 31, 2027, as the Federal Department of Communications and Digital Transformation grants more time for mobile operators and users to transition smoothly to advanced technologies. The initial deadline, slated for 2025, prompted industry-wide consultations, with major telcos like MTN, Telkom, and Vodacom seeking a phased approach to ensure minimal disruption for end users.

MultiChoice, the South African entertainment company, has turned down Canal+'s non-binding offer of $1.7 billion, expressing concerns about undervaluation. Despite Canal+'s increased shareholding from 31.67% to 35.01%, MultiChoice maintains that the proposed offer significantly underestimates its true worth. The board suggests it is open to considering offers from other interested parties at a fair price and under appropriate conditions.

Explore Yellow Card's journey navigating Nigeria's crypto regulation rollercoaster. With recent shifts in the Central Bank's stance, Yellow Card eyes regulatory approval, ushering hope for crypto businesses. Chief Data Protection Officer, Lasberry Chioma Oludimu, shares exclusive insights on industry transformations and the road ahead.

French TV giant Canal+ is poised to acquire the remaining stake in South Africa's MultiChoice, with a non-binding offer valued at $1.7 billion. This move, if successful, would strengthen Canal+'s grip on the pay-TV market in Africa, challenging rivals and shaping the continent's TV landscape. 🤝📈

Embarking on a transformative collaboration, Klasha and FOMO Pay join forces to create a seamless cross-border payment platform connecting Africa and Asia. This strategic alliance not only facilitates easy online collections and payments but also empowers businesses to expand into new markets, fostering financial connectivity and economic growth across continents. 🚀💳✨

Discover the pulse of African tech in 2023 with our comprehensive State of Funding report! 🚀 Explore insights into the $2 billion equity funding landscape, shifting investment destinations, and the rise of Fintech amidst a maturing startup ecosystem. 🌍 Embrace the trends shaping Africa's innovation journey for a prosperous 2024! 💡

🌟 Off-grid solar pioneer Bboxx makes a bold move, shifting its headquarters to Kigali, Rwanda, pledging a $100 million investment and training 500 locals. 🌞 Embracing an Africa-first strategy, Bboxx aims to impact 36 million lives by 2028, reinforcing its commitment to sustainable energy solutions. 🚀 Joining the tech wave in Rwanda, Bboxx aligns with the country's innovation push for a brighter, greener future.

As OneWeb races to dominate South Africa's internet connectivity landscape, strategic partnerships with Paratus South Africa and Q-KON's Twoobii demonstrate its commitment to overcoming unique challenges. Indirectly powering a leading digital bank, OneWeb's adaptability and scalability set a benchmark for reshaping connectivity in the region.

🚀 Y Combinator's 2024 winter cohort shines a spotlight on African innovation, featuring Nigerian fintech powerhouses Cleva and Miden, along with a promising Kenyan travel tech startup. 🌍💡 Explore how these startups are set to make waves globally with their disruptive solutions in cross-border payments, virtual card issuance, and travel technology. 🌐✨

Sony's $10 million African fund marks its first investment in Carry1st, a leading game publisher in South Africa. As the gaming industry in Africa shows significant potential, Carry1st aims to leverage this partnership to bring top-notch games to the growing market, with an industry set to surpass $1 billion in 2024.

Explore the journey of Cyrine Ben Fadhel in African VC, from leaving a prestigious role to managing a $20 million mandate. Discover how Seedstars Youth Wellbeing Ventures blends a mission-driven ethos with financial returns, addressing challenges and foreseeing a collaborative shift in global interest toward African startups. Gain valuable advice for aspiring VC investors, emphasizing the importance of immersion, networking, and strategic decisions in the dynamic African venture capital landscape. 🚀💡🌍

As Africa gears up for an electric mobility transformation, Chinese electric vehicle manufacturers like BYD are racing to reshape the narrative and challenge Western dominance. Explore how they are penetrating markets from Rwanda to South Africa, reshaping the continent's decarbonization journey.

Discover the remarkable success of Nigerian HRTech firm Pade as it disburses a staggering ₦11.5 billion in salaries for clients like Flutterwave and Risevest in 2023, showcasing a remarkable 41.1% YoY growth. Dive into the innovative measures, including Earned Wage Access, and how Pade is simplifying people operations in diverse industries.

Discover the latest Henley Passport Index revealing the powerhouse passports of Africa in 2024! Seychelles, Mauritius, and South Africa lead the pack, offering travelers enhanced global mobility. Dive into the rankings, insights, and the Nigerian passport's position in the global landscape.

📉 Cova, the Nigerian wealthtech platform, is set to cease operations on Feb. 10, 2024, citing funding challenges and a lack of traction in its two-year existence. Co-founders Olu'yomi Ojo and Yomi Osamiluyi express difficulty in the decision, assuring subscribers of refunds by Feb. 13. This closure brings attention to the complexities of navigating the fintech landscape in Nigeria.

🔍 Dive into the alarming findings of Smile ID's report, exposing a staggering 80% of identity fraud attacks in Africa directed at national IDs. Discover the most vulnerable documents and the crucial role biometric verification plays in combating this rising threat.

As Africa's online population soars, a surge in domain registrations is reshaping the digital landscape. With 4.3 million ccTLDs and 1.4 million gTLDs, the region is witnessing a 21% growth since 2016, marking a promising trajectory for the domain industry. Explore the key findings and factors shaping Africa's domain name ecosystem. 📈💻

Identity fraud issues, comprising 42% of US Bank Secrecy Act filings in 2021, echo trends seen in Africa, especially in Nigeria and Kenya. For cross-border payment startups like Klasha, navigating the surge in identity fraud on both continents becomes a critical challenge, impacting financial security and remittances.

As the logistics landscape in Africa evolves, Fez Delivery introduces Fez Safe Lockers, leveraging IoT technology to streamline last-mile delivery in Lagos. Amid global challenges, this innovation aims to make deliveries more efficient and cost-effective, transforming the way people send, receive, and collect items.

Defying regulatory warnings, South African consumers are flocking to purchase Starlink kits, Elon Musk's satellite internet service, to overcome the country's power crisis. Despite legal limitations, the demand for the high-speed, load-shedding-resistant service is on the rise, with thousands of kits sold through neighboring markets.

TymeBank, the South African neobank, celebrates a profitable December 2023, marking a turnaround from a loss earlier that year. Founder Patrice Motsepe attributes this success to a unique model, strategic partnerships, a flourishing lending portfolio, capital infusion, and a trail of pioneering innovations. In a landscape where neobanks' profitability is rare, TymeBank's achievement stands out, positioning it as a noteworthy player in the digital banking realm.

Amid the growing wave of cyber threats, Banco Nacional de Angola fortifies its defenses following a recent cyberattack. The central bank assures minimal impact on essential services, emphasizing robust cybersecurity measures.

UNDP's game-changing $1 billion Timbuktoo Initiative, unveiled at Davos, marks a watershed moment for African startups. President Kagame commits $3 million, setting the stage for innovation, job creation, and transformative impact across the continent. 🚀🌐

n a bid to enhance operational flexibility and address financial challenges, South Africa's telecom giant, Cell C, considers laying off up to 40% of junior and semi-skilled employees. The outcome of ongoing discussions with affected parties will shape the telco's final decision, marking a pivotal moment in its quest for sustainability amidst fierce industry competition.

Egyptian private equity firm, Ezdehar, has invested $10 million in Yodawy, an innovative healthtech startup. The funding, secured through the Ezdehar Mid-Cap Fund II, is poised to accelerate Yodawy's expansion plans, enhance technology-driven fulfillment capabilities, and further solidify its position as a leading digital pharma powerhouse in Egypt.

In a bid to become a regional tech hub, Zambia's Project Zambia, led by top African tech leaders, faced setbacks as negotiations with the government took a back seat due to economic challenges and debt restructuring. Despite the country's untapped digital potential, competing with established tech havens becomes a daunting task.

Vodafone and Microsoft embark on a groundbreaking decade-long collaboration, investing $1.5 billion in cutting-edge AI, digital services, and cloud solutions. This strategic alliance aims to benefit over 300 million businesses and consumers across Africa and Europe, fostering digital transformation and ethical AI practices.

Somaliland, defying challenges, proudly unveils its inaugural 5G network in collaboration with Telesom, marking a significant stride in East Africa's tech landscape. With coverage extending to 12 urban centers, including Hargeisa, the development positions Somaliland among the early adopters of 5G in low-income markets, showcasing its commitment to technological advancement.

As Zimbabwe grapples with an unprecedented surge in internet subscription prices, with tariffs soaring up to 100%, millions face increased economic hardships. Explore how recent telecom adjustments are affecting businesses and individuals, sparking a social media campaign, DataMustFallZW, advocating for affordable data prices.

Embrace the future of parcel delivery with Fez Safe Lockers! 📦💼 @FezDelivery introduces an innovative network of automated lockers, ensuring secure, cashless, and efficient last-mile deliveries in Nigeria. 🇳🇬✨

Kenya recently announced a visa-free policy to boost continental trade, but the implementation comes with a twist. Let's delve into the nuances of the new Electronic Travel Authorization (eTA), examining its impact on travel and the diverse reactions it has sparked.

In a strategic move, Ericsson's Mobile Wallet Platform collaborates with MTN MoMo, Africa's leading telecom operator, aiming to elevate financial inclusion across the continent. This partnership targets both first-time users and established business applications, fostering growth in fintech, merchant payments, and international money transfers.

Unlock the potential of AI effortlessly! Discover how ZeroComplex AI is revolutionizing African businesses by simplifying AI integration, boosting efficiency, and driving growth. 🌐🤖

In a major cybersecurity incident, Kenya Airways, the continent's largest airline, falls victim to a ransomware attack by the notorious group Ransomexx. Confidential data, including passenger details and government official information, has been leaked, raising concerns about aviation security in Africa.

🌐 Nigerian neobank, Kuda, celebrates a remarkable achievement, hitting a transaction value of ₦55.8 trillion within just four years since its launch. CEO Babs Ogundeyi shares insights into the journey, serving over seven million customers and expanding globally.

Get ready for a game-changing kickoff! Multichoice-owned SuperSports loses its grip on the 2023 Africa Cup of Nations broadcasting rights. New World TV scores big with an $80 million deal, reshaping how fans across Africa will experience the tournament. Who else is stepping up to the plate? Find out below! 📡🔥

🚨 Explore the top 5 tech trends shaping Africa's venture capital scene in 2024, as predicted by influential investors. From cleantech financing to AI adoption and a focus on profitability and ESG, discover the trends steering the African tech ecosystem.

🌍 CEO Peter Njojo bids farewell to Twiga Foods after a decade, truncating his recent sabbatical. The Kenyan eCommerce startup, known for its B2B agritech model, now navigates a leadership transition amidst challenges in the tough economic climate and recent operational shifts. 🍏📉

Discover the staggering impact as Sub-Saharan Africa faces a fivefold increase in economic losses, reaching $1.74 billion due to internet blackouts. A recent report from Top 10VPN unveils the worrying trend, shedding light on the reasons behind the disruptions and their implications for businesses and digital rights across the continent.

n a shocking turn of events, Tingo's ex-CEO, Odogwu 'Dozy' Mmobuosi, is under scrutiny with the US government bringing forth securities fraud charges. The allegations suggest a complex scheme that may lead to a staggering 45-year prison sentence.

As multinational pharmaceutical giants exit Nigeria, plunging drug prices threaten healthcare accessibility. Samuel Okwuada, CEO of Remedial Health, a YC-backed Nigerian healthtech, shares insights on the crisis, its impact on healthtech, and innovative solutions to ensure affordable and genuine medicines for all. 🏥💡

Dive into the future-predicting journey with African investors! From Series A surprises to fintech dominos, explore how the crystal ball revealed the fate of startups in 2023. Did the visions align with reality? Let's unfold the tech saga.

Explore the vibrant year in African tech! From the uplifting end of Nigeria's crypto ban to mega acquisitions, Tijani's ministerial role, Piggyvest's massive payouts, and Safaricom's M-PESA expansion – 2023 was a year of remarkable breakthroughs in the continent's tech ecosystem. 🌟

Discover the silver lining in the crypto world as a new report by De.FI reveals a notable 50% decrease in cryptocurrency losses to cybercriminals in 2023. Amid ongoing challenges and persistent vulnerabilities, the industry's concerted efforts to enhance security protocols showcase promising strides against cyber threats.

Anchor, the Banking as a Service (BaaS) pioneer, caps off a stellar year processing over ₦400 Billion in transactions for 60+ live customers across diverse industries. From fintech to logistics, their APIs empower businesses, simplifying compliance and fostering financial innovation. Dive into their game-changing year-end review!

Nigeria's Central Bank updates cryptocurrency guidelines, signaling a shift from the 2021 outright ban. While banks can now engage with Virtual Asset Service Providers (VASPs), stringent regulations, including licensing by the Securities Exchange Commission, remain in place. The move comes as Nigeria's crypto market maintains its position as Africa's largest, with a 9% YoY growth in transaction volume, reaching $56.7 billion.

Amidst fraud charges filed by the US SEC, Odogwu 'Dozy' Mmobuosi, co-CEO of Tingo, the African agritech startup, has taken a temporary leave. The move follows allegations of a multi-year scheme to inflate financial metrics and siphon funds for personal gains, including luxury purchases and a Premier League team acquisition attempt.

Nigeria's popular online forum, Nairaland, is back online following a temporary shutdown by Cloudflare. Founder Seun Osewa emphasizes plans for alternative hosting solutions and improved content moderation to prevent future disruptions, addressing user concerns.

Amidst economic adversity, Africa's smartphone market shows remarkable resilience, with shipments reaching 17.9 million units in Q3 2023, marking a 12% YoY growth. Leading the charge is Chinese giant Transsion, while Samsung faces challenges. Canalys predicts continued growth but anticipates a slowdown in demand next year.

Discover how Amazon Web Services (AWS) is collaborating with the Nigerian government to accelerate digital innovation. From insights on policy frameworks to plans for extensive digital skills training, AWS aims to empower Nigeria in the ever-evolving digital landscape. 🚀🔗

Explore the tumultuous journey of the African tech scene in 2023, as economic challenges, cyber hacks, internal conflicts, and closures shook the ecosystem. Uncover the defining moments that shaped the year's narrative. 📉💻

Following a cyber hack that prompted a temporary suspension of inter-bank transactions in Lesotho, the Central Bank announces the resumption of services. While inter-bank transfers are now operational, customers are urged to anticipate delays as manual processing is implemented. The incident raises concerns about the vulnerability of regional financial systems in the face of growing cyber threats. 📶💻

BioNTech, the German biotech giant, marks a milestone with the inauguration of its $150 million mRNA-based vaccine manufacturing hub in Kigali, Rwanda. The facility, equipped with innovative BioNTainers, aims to revolutionize pharmaceutical production by merging digital technology with standardized mRNA processes. President Paul Kagame emphasizes the significance of this partnership, ensuring vaccine technology democratization in Africa, addressing past inequities, and paving the way for clinical trials targeting malaria, tuberculosis, and HIV.

As the Democratic Republic of Congo prepares for its general elections, concerns rise over potential internet restrictions impacting citizens' digital rights. Uncertainty surrounds how the current administration, led by Felix Tshisekedi, will handle political dissent and freedom of speech online, recalling past instances of internet shutdowns during political events. Digital rights advocates urge the government to prioritize unrestricted access, emphasizing the crucial role internet freedom plays in ensuring a fair and inclusive electoral process.

Discover the powerhouses fueling Africa's tech revolution! These 10 venture capital firms are leading the charge, investing in innovative startups across diverse sectors. From Fintech to Agritech, they are shaping the future of the continent's burgeoning tech ecosystem.

Libya, with its history of internet challenges, welcomes Eutelsat's OneWeb, outpacing Starlink in providing reliable connectivity. As Eutelsat partners with Rawafed Libya, sectors like oil, telecoms, and government gain exclusive access, promising to transform the nation's digital landscape by early 2024. 🌐✨

Grammy-winning artist Wyclef Jean partners with the Plateau state government and Caribbean International Commerce to launch a groundbreaking technology and infrastructure hub, covering 4000 hectares. The project, slated to feature a creative incubator, music and movie studios, and green technology, aims to empower emerging talent and elevate Plateau state's global creative footprint. 🚀🎶

🌍 Ethiopia's tech landscape undergoes a transformative shift as government-led initiatives pave the way for a thriving startup ecosystem. 💡 From innovation funds to a forthcoming Startup Act, Ethiopia embraces liberalization, opening doors for tech entrepreneurs and investors.

Amidst the tumultuous journey of South African telco Cell C, a pivotal moment emerges as it seeks to pass its operating license and frequency spectrum to The Prepaid Company (TPC), a subsidiary of Blue Label Telecoms. This potential acquisition sparks a new chapter for Cell C, navigating challenges in a bid to revitalize its position in the competitive telecom market.

Flutterwave, the Pan-African fintech giant, has secured 13 additional money transmission licences in the United States, bringing the total to 29 states. This milestone allows Flutterwave to facilitate remittances to and from various states through its Send App, showcasing its commitment to regulatory compliance and customer fund safety.

Unlocking the potential of female entrepreneurs in Francophone Africa! WIC Capital's $1 million funding injection aims to break barriers for women-led SMEs, addressing financial challenges and fostering growth opportunities. 🚀👩‍💼

South Africa's regulatory authority quietly grants approval to Starlink affiliates, signaling a breakthrough for the satellite broadband service in the country. Despite previous regulatory challenges, Starlink is now on the path to meeting local ISP regulations, with three approved sellers ready to provide high-speed, low-latency internet to meet the strong market demand.

As the largest wave of Nigerians relocates overseas, driven by economic challenges and seeking better opportunities, OhentPay steps in to revolutionize international money transfers, making it seamless and cost-effective. Learn how OhentPay's founder, Emmanuel Ogbodo, addresses the financial needs of Africans abroad, focusing on ease, speed, and the best rates. 🌍💸

Nigerian fintech Pivo, a YC-backed digital bank for trade, faces closure due to an unresolved co-founder conflict. The clash between CEO Nkiru Amadi-Emina and COO Ijeoma Akwiwu has reportedly damaged the company's reputation, affecting its ability to secure future funding. The closure follows a $2 million seed round and investor interventions aimed at resolving the internal dispute. 🚫💰

Diving into the fierce competition for reliable internet in South Africa, OneWeb, backed by satellite operator Eutelsat, is gearing up to launch its low-earth orbit (LEO) broadband service. As regulatory challenges surround Starlink, OneWeb aims to swoop in, partnering with Airtel Africa to bring high-speed, low-latency internet to underserved regions. Amidst the telecom showdown, OneWeb's strategic move looks to reshape the landscape of connectivity in South Africa.

Amidst funding challenges, African startups embrace mergers and acquisitions with 26 recorded in 2023. Fintech leads the way, followed by mobility, Web3, and e-commerce sectors. Nigeria emerges as the primary market, showcasing nine acquisitions.

📡 Starlink, Elon Musk's satellite internet venture, encounters regulatory turbulence in South Africa as Icasa demands legal registration and 30% equity sharing with disadvantaged groups. 🚫⚖️ Despite gaining popularity, the service faces penalties for operating without a license, prompting alternative purchasing channels amid regulatory pressures. 🌍💻 Explore the clash between Icasa's regulations and the growing demand for Starlink in South Africa's challenging internet landscape.

Sporting Lagos, the Nigerian football club founded by Paystack CEO Shola Akinlade, has teamed up with Miva University to empower its players with educational pursuits alongside their football careers. This strategic partnership aims to provide degrees in various fields to players in Nigeria's premier league, fostering personal and professional growth. Akinlade's vision of nurturing talent extends beyond football, emphasizing thoughtful planning for players' development and education.

Get ready for a seamless passport application experience in Nigeria as the Ministry of Interior unveils an automated system, eliminating middlemen and ensuring a hassle-free process. Plus, starting from February 2024, international airports in the country will feature cutting-edge e-gates, streamlining entry for Nigerian travelers.

Discover the crypto landscape's hierarchy! 🚀 Invezz's recent analysis exposes the dominance of the top 20 cryptocurrencies, with Bitcoin leading at 49.11% market share, and Ethereum following closely at 16.50%. 🌐💰 Understand the significance of market capitalization in shaping crypto investment strategies.

Dive into the heart of Africa's tech evolution as industry leaders, regulators, and innovators gather at the Southern Africa MBB VIP salon to spotlight the pivotal role of fifth-generation internet connectivity. From building value-added networks to expanding 5G access beyond urban centers, discover the strategies shaping Africa's digital transformation.

The African Development Bank Group has greenlit a significant $80 million loan to propel Nigeria's Ekiti Knowledge Zone project, a visionary initiative set to catalyze digital innovation and entrepreneurship. With a focus on world-class infrastructure, including a green technology park, this investment aims to generate 26,000 jobs and foster an annual economic contribution of around $14 million, marking a pivotal step towards Ekiti becoming a tech hub in Nigeria.

In response to regulatory pressure from Ghana's central bank targeting unlicensed remittance providers, LemFi, a pan-African fintech, ceases operations in the country. Explore the implications and the broader context of regulatory challenges faced by fintech companies in Africa.

As Kenya faces criticism for its growing tax burden on tech startups, MPost, a pioneer in mobile-based virtual addresses, is making a strategic move to Rwanda. The relocation signals a shift in the African tech landscape, with Rwanda gaining prominence as an attractive hub. Discover why MPost sees Rwanda, particularly Kigali, as the ideal launchpad for its continental expansion.

Egyptian healthtech trailblazer, Nawah Scientific, attains US-FDA accreditation for food analysis, unlocking avenues for global collaboration and paving the way for expansion into Nigeria and South Africa. 🚀🌐

Despite global economic challenges, Africa saw a funding boost in 2023. Fintech took the lead, but the real surprise was the rise of cleantech. Meet the top 10 startups shaping the continent's future! 🌍💡

Nigerian last-mile delivery leader, Fez Delivery, achieves a milestone in its expansion strategy with the launch of its UK-Nigeria Shipping service. The newly established UK logistics hub enhances cross-border shipping efficiency, marking a significant leap forward in Fez's commitment to revolutionize the delivery landscape.

Leading global payments company, Klasha, celebrates a major milestone as it receives a Money Services Business (MSB) license from FinCEN, enabling seamless cross-border transactions with the United States. CEO Jess Anuna expresses excitement about unlocking new international markets and enhancing global businesses' ability to engage in secure cross-border payments.

Nigeria takes a giant stride in boosting its innovation ecosystem with the inauguration of the Startup Support and Engagement Portal, a pivotal move for implementing the Nigeria Startup Act. Minister 'Bosun Tijani emphasizes its role in identifying and supporting Nigerian startups, hubs, and venture capital firms, signaling a new phase post-election towards fostering innovation.

Discover how Eden Life, Africa's premier home concierge services platform, is taking a giant leap with the introduction of its innovative e-commerce marketplace. From essential services to a comprehensive lifestyle ecosystem, Eden is redefining convenience and connecting top-quality vendors with a commitment to flourishing lives.

Unlocking untapped potential, Aduna Capital pioneers a $20 million Northstar Fund I to elevate Northern Nigeria's tech landscape, aiming to support 57 startups, with a notable focus on empowering female founders. Amid stereotypes hindering funding, this sector-agnostic initiative seeks to bridge gaps and foster innovation in an underrepresented region.

The Central Bank of Nigeria grants Approval-in-Principle to Bloc Microfinance Bank, paving the way for the fintech disruptor to revolutionize banking services in Lagos. CEO Edmund Olotu expresses enthusiasm, positioning Bloc on the path to global success. 🌍💼

A setback for Zazuu as the Africa-focused fintech, based in the U.K., announces its closure due to challenges in securing additional funding. Despite a successful $2 million fundraising round last year, the company faced obstacles in expanding its cross-border payment services.

South African proptech Neighbourgood has acquired Cape Town-based traveltech startup Local Knowledge for $1.5 million, aiming to redefine travel experiences and community connections. The strategic move aligns with South Africa's tourism goals, highlighted by a viral campaign featuring Trevor Noah. Neighbourgood plans to leverage Local Knowledge's expertise to create a unique Experience Vertical for personalized travel insights and unforgettable local encounters. ✈️

Enugu-based blockchain startup, WiCrypt, known for its blockchain-based WiFi sharing network, has ventured into the Chinese market, selecting Onega Ventures as its exclusive distributor. With plans to replicate its successful model in China, WiCrypt aims to empower individuals to earn passive income while expanding its decentralized network. The move follows a $1.5 million funding round in 2021 and positions WiCrypt to tap into China's vast online user base.

Exciting times ahead for African streaming as Showmax prepares for a game-changing relaunch in February 2024. Teaming up with Comcast’s NBCUniversal and Sky, the revamped Showmax introduces a fresh brand identity, new plans, and the groundbreaking Showmax Premier League, a dedicated mobile streaming service for football enthusiasts. Get ready for an unmatched streaming experience!

Visa is accelerating Africa's fintech prowess, handpicking 23 startups for its inaugural Fintech Accelerator. With a focus on mentorship, training, partnerships, and substantial perks, these diverse startups from Nigeria to Tunisia are set to reshape the digital economy. 🌍💻

As of December 7, 2023, Bolt Food is set to end its food delivery operations in Nigeria, citing the need to streamline resources and enhance overall efficiency. The decision comes after almost two years of operation, during which the company collaborated with thousands of restaurants, delivered over a million meals, and engaged thousands of agents and merchants. The move reflects the competitive challenges in Nigeria's food delivery market, impacted by economic downturn and recent fuel subsidy cuts.

Flutterwave, Africa's leading fintech, secures an International Money Transfer Operator (IMTO) license from the Reserve Bank of Malawi, enhancing its global remittance capabilities through the Send App. The move aligns with Flutterwave's strategic focus on revolutionizing cross-border transactions across the continent, offering efficient financial services to the diaspora. The IMTO license further strengthens Flutterwave's position in the competitive remittance sector as it continues to address challenges and reduce costs associated with sending money to Africa.

Francophone Africa super app, Gozem has acquired Beninese fintech startup, Moneex in an undisclosed deal. This strategic move is poised to enable Gozem to introduce a mobile money service in Togo and Benin.

Fez Delivery has launched electric bikes to provide a cleaner, more economical, and efficient solution for goods transportation in Nigeria.

Among the 28 nations that have pledged to address AI-related risks through 'The Bletchley Declaration,' only Nigeria, Kenya, and Rwanda represent the African continent.

mPharma, a Ghanaian healthtech company, has restructured its approach in the wake of the layoffs it implemented in September, which now entails discontinuing remote work.

BluePeak Private Capital, a private capital firm focused on supporting the growth of scalable businesses in Africa, has reached a final close of its Private Capital Fund SCSp, at $156 million.

Cleantech firm Husk Power secures $103M to drive rural electrification, expand renewable energy services in Africa and Asia.

Nigerian fintech startup, Kippa plans to lay off an undisclosed number of its workforce at the end of the year. This follows the discontinuation of its offline payment product, KippaPay.

Safaricom completes full acquisition of M-PESA Holdings, securing control of the iconic mobile money platform in Kenya.

Andela, a pioneer of early software developer growth in Africa—now a “​​global network for remote technical talent” has launched Andela Talent Cloud, an integrated, end-to-end platform to match global technologists with companies seeking to bolster capacity and skill sets.

truQ, a Nigerian logistics startup, emerged as the champion in the first-ever TC Battlefield by TechCabal, securing a ₦2.5 million prize. The second-place spot was claimed by Jamit, a social audio network.

On the first day of the TechCabal Moonshot Conference, experts, including Nigeria's minister of digital economy shared insights on the growth of the Nigerian tech ecosystem.

YC-backed Nigerian fintech startup, Payhippo has appointed Dami Olawoye as its new chief executive officer. The outgoing CEO, Zach Bijesse will join the startup's board.

Two years after the free plan was launched, Netflix disclosed on Monday that it is ending the trial plan, effective November 1. “We definitely learnt a lot from the test,” a Netflix spokesperson told Reuters. “We are going to continue to offer a variety of other plans.”

In Africa, healthtech startups like Nguvu Health Clafiya, The Pocket Couch, Ahkili, and Shamiri, are providing access to mental healthcare.

Archivi.ng has launched the first version of its online archive of Nigerian newspapers spanning 17 years.

Over a month after Google announced the expansion of its “AI First” accelerator to Africa, the big tech has selected 11 African startups for the first cohort of the programme.

Seven months after Dash CEO was suspended to enable a financial audit, the Ghanaian fintech plans to downsize its workforce by 50% due to its inability to raise additional funding.

Pan-African data and intelligence company, Stears today announced its transition from B2C to B2B. The company has also launched intelligence solutions for businesses and professionals.

Since its launch in 2017, Techstars Toronto today announced that it has made its 100th investment into startups across the world; 40% of these startups are from Africa.

South African insurtech startup, Root has secured $1.5 million in funding to expedite its expansion initiatives, building upon its success in its home market and beyond.

Kenyan Google Premier partner, Incentro Africa has filed insolvency against Twiga Foods for its failure to remit KES 39 million ($263,691) as payment for Google Cloud Services and Partner Service Funds that it provided.

Ham Serunjogi, co-founder and CEO of Chipper Cash has been appointed as an inaugural member of the US advisory council on African diaspora engagement.

Nigerian wealth management platform, Risevest has acquired Chaka in an undisclosed deal. Both companies will continue to operate as different products, according to the deal terms.

According to the World Bank, Nigeria accounted for the highest remittance flow into Sub-Saharan Africa in 2022.

Out of the 12 startups in the FA23 cohort, nine are Nigerian, and one each from Kenya, Tanzania, and Ghana. Also, fintech startups dominated the cohort.

🌍 Africa's creative economy, generating $5 billion in GDP and employing 5 million people, is thriving. These seven platforms are driving transformative change across various creative sectors.

EBANX has expanded into eight African countries: Ivory Coast, Egypt, Ghana, Morocco, Senegal, Tanzania, Uganda, and Zambia. The LatAm fintech unicorn is now present in eleven African markets.

Leading ride-hailing company, Bolt has introduced its Accelerator Program in collaboration with the Nest Innovation Park ('the Nest'). This program is designed to provide support and opportunities for drivers on their entrepreneurial journey, with a specific focus on sustainable transport solutions.

Turaco, Africa’s leading tech-enabled affordable insurance company, today announced the acquisition of MicroEnsure Ghana, a pioneering microinsurance company from MIC Global. Under the deal, MicroEnsure will rebrand as Turaco Ghana and retain the expertise of the existing team and leadership. The acquisition is part of Turaco’s long-term vision to provide simple and accessible insurance to 1 billion people.

Anakle Films is set to release Nigeria’s biggest-budget film to date, with the release of The Black Book, debuting on Netflix on 22nd September. The film, with a budget exceeding $1 million, features an ensemble cast of Africa’s most well-known actors, including Richard Mofe-Damijo, Alex Usifo, Sam Dede, Taiwo Ajayi-Lycett, Denola Grey, Shaffy Bello and Ireti Doyle.

On Friday, Kenya's president, William Ruto was at Silicon Valley in San Francisco to woo American tech investors and companies to invest in the East African country, as part of the US-Kenya Business Roadshow.

Amidst global layoffs and rising unemployment, Flutterwave has hired 85% of its 200 graduate trainees as full-time employees, after a 12-month-long paid traineeship. A year after Flutterwave launched its Graduate Trainee Program, the African fintech unicorn has hired about 85% of the 200 graduate trainees that participated in the inaugural cohort of the programme.

Recently, Namibia's Ministry of Information and Communication Technology (MICT) together with UNESCO and the Internet Scientific Society, held consultative meetings to assess how best to develop policies and create practical initiatives enabling Namibia to improve its internet ecosystem.

West Africa’s largest cloud infrastructure company, WhoGoHost, has acquired SendChamp, a Nigerian cloud communications startup that powers online messaging for African businesses for an undisclosed amount.

In a move to boost accessibility of cryptocurrencies, Yellowcard, one of the largest cryptocurrency exchanges in Africa had partnered with Moonpay, a global leader in cryptocurrency space. The partnership aims to enable African peer to peer trading of cryptocurrencies through bank transfers.

WhatsApp has partnered with NBA Star Giannis Antetokounmpo to make a meaningful impact in Nigeria's education landscape. A staggering 75% of Nigerian children aged seven to 14 cannot read a simple sentence or solve basic math problems. To address this issue, WhatsApp and Giannis are collaborating with NABU, a digital publisher, to offer free children's eBooks in local Nigerian languages, starting with Igbo.

Angel Investment in Africa has recently grown rapidly alongside the development of the tech ecosystems, which have greatly increased the number of investable opportunities.

Smile ID, a leading provider of biometric identity verification solutions, has today announced the launch of Smile Links—a no-code solution that lets businesses verify customers faster.

Nigeria's tech landscape has seen remarkable growth in recent years, with an impressive cohort of female-led startups making waves in various sectors. These women entrepreneurs are driving innovation, creating jobs, and contributing significantly to the nation's economic development.

Interswitch has announced today that it will support Google Pay on its payment gateway. This will allow merchants to store payment details within Google Wallet.

Tunisian-born and London-headquartered AI startup, InstaDeep says it plans to launch an office in Kigali, the capital city of Rwanda. Karim Beguir, InstaDeep CEO disclosed this yesterday at Deep Learning Indaba, the annual meeting of the African machine learning and artificial intelligence community with the mission to strengthen African AI.

In a transformative era for technology and economic growth in Africa, women are taking the lead in the investment landscape. This list introduces you to 34 remarkable female angel and venture capital investors who are driving innovation, change, and gender equality across the continent's tech ecosystem. From Nigeria and Kenya to emerging hubs like Cameroon and the Democratic Republic of Congo, these women are champions of innovative startups and vital contributors to Africa's digital tech boom.

Today, the Catalyst Fund, a pioneering pre-seed venture capital fund and accelerator focused on driving climate resilience innovation in Africa, proudly announces the successful first closing with over 20% of its targeted US$40 million fund closed.

Cleantech startup, Okra Solar has raised a $12 million Series A to enable mesh-grid electrification in Africa. Over 700 million people worldwide still live without access to electricity, and with status quo efforts this number will increase by 2030. This challenge presents an opportunity for mesh grids, a technology that has rapidly established itself as a game-changer in this industry.

Africa’s largest B2B e-commerce network launches cross-border operations into DRC leveraging its existing e-commerce hub in neighbouring Rwanda. Wasoko, the African e-commerce company using innovative technology to transform the informal retail supply chain, has today announced its expansion into the Democratic Republic of Congo (DRC) leveraging its existing ecommerce hub in neighbouring Rwanda.

Skill-to-market platform AltSchool Africa, has expanded its learning faculty to introduce Creative Economy, and Business schools, following an impressive 40% completion rate in its first year.

Globally, the embedded finance sector is expected to be worth $7.2tn by 2030, with revenues reaching $121bn by 2029 in the UK and Europe, a 187% increase from 2022. In Nigeria, the market value of embedded finance is predicted to be over $8 billion by 2029.

The Blockchain Association of Kenya (BAK) has filed a petition to challenge the legality of Digital Asset Tax (DAT) which is meant to commence today, September 1. “The core focus of the petition is to thoroughly examine the legal and constitutional dimensions surrounding the imposition of this tax on digital assets,” says S.A Kakai, BAK's legal and policy director. According to Kakai, the association will appear in court on September 28, for the “mention of our interim application”.