📈 Airtel Africa bounces back with a $31 million profit in Q1 2024, reversing last year's losses despite ongoing economic challenges. Discover how strategic growth in data and mobile money services is driving their success across 14 countries. 🌍📊

Despite implementing significant tax increases, Kenya's revenue collection fell short by $2 billion due to a challenging economic environment. Discover the key factors that influenced this shortfall and the sectors most affected.

Protests in Kenya enter their second week as citizens demand change amidst rising living costs and allegations of corruption. Despite the withdrawal of the 2024 Finance Bill, demonstrators persist, calling for President William Ruto’s resignation and highlighting ongoing police actions.

Kenya’s creatives take to the streets as Africa’s Gen Z finds its voice on national issues - transforming the face of demonstrations by leveraging the power of technology.

Jumia's shares have skyrocketed, hitting $8.67 after a robust Q1 2024 performance. Despite past struggles with profitability, CEO Francis Dufay's strategic changes are propelling the African e-commerce giant towards growth. Will Jumia sustain this momentum?

Zone has unveiled a game-changing point-of-sale payment gateway, "ZonePOS," promising instant settlements and blockchain-based fraud protection. 🌍💳 With this innovation, Zone is set to revolutionize digital payments across Africa, promoting financial inclusion and efficiency. 🚀

Jumia bounces back with a remarkable surge in revenue and gross merchandise volume (GMV) in Q1 2024, defying market expectations despite a decrease in quarterly active customers. Find out how the African e-commerce giant is repositioning itself for success in the competitive market landscape.

Discover how Swypex, backed by Accel, is transforming corporate card solutions in Egypt, targeting a market worth over $10 billion, and why its innovative approach is catching investors' attention.

Dive into Swvl's remarkable turnaround story as the NASDAQ-listed mobility startup posts its first full-year net profit in 2023, signaling a shift from previous struggles to profitability, amidst strategic financial restructuring and expansion plans.

Kenya is set to become the third African country to put a green finance taxonomy in place, making the country more attractive for green investment and climate finance.

Get ready, Zimbabwe! Online payments are set to return as banks adapt to the country's latest currency shift. Find out how this change will impact your digital transactions! 💳

Uganda's annual inflation rate for March 2024 dips to 3.3%, staying under the Bank of Uganda's target, signaling stability in the economy. 📉💰

Kenya Airways (KQ) has significantly reduced its net loss for the year ended December 31, 2023, marking the first operating profit in nearly seven years due to increased revenues from a 35% year-on-year growth in passenger traffic. Despite reporting a net loss of $171.9 million, down 47%, the airline's revenues improved by 53% to $1.35 billion, indicating a positive trajectory for the national carrier.

Discover how Access Holdings and Coronation Group are teaming up with M-Pesa to reshape the remittance landscape, connecting millions across East and West Africa.

Despite its small economy, Rwanda is gaining international attention for its efforts to position itself as an international financial centre. Kigali is now the fastest-growing financial hub in Africa, according to a new report.

Between 2018 and 2022, more than 110 million new mobile money accounts were opened in the region, including 60 million since 2021.

Discover how South African startup Planet42's partnership with Standard Bank is revolutionizing access to personal vehicles, driving economic empowerment and mobility across the country. 🚗💼

Zone, a Nigerian fintech, revolutionizes Africa's payment landscape with its blockchain technology, attracting $8.5 million in seed funding.

Nigeria's Securities and Exchange Commission (SEC) proposes a substantial increase in the minimum paid-up capital for virtual asset service providers (VASPs) to ₦1 billion, aiming to reshape the crypto landscape.

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.

Discover how Nigerian startup Youverify secures a significant investment to enhance anti-money laundering (AML) solutions, paving the way for streamlined compliance and expanded market reach.

Discover how Chams Holding Company's CEO, Mayowa Olaniyan, navigated the aftermath of a $100 million loss from a government project, leading the company to a surge in share prices. Now, with a renewed focus on consumer-centric projects, Chams is set to capitalize on the burgeoning mobile money and cross-border payments sectors, emphasizing innovation and expansion across its financial service subsidiaries.

MTN Nigeria bounces back, reclaiming over half of the ₦22 billion lost in a Mobile Money glitch, showcasing the challenges of fraud in Nigeria's financial sector. Despite setbacks, CEO Toriola highlights a surge in monthly active users to 5.3 million, driven by a growing ecosystem of agents and merchants.

Ghana's Central Bank takes decisive action, suspending the foreign exchange licenses of Guaranty Trust Bank and FBN Bank for one month, citing various regulatory breaches. The move underscores the country's commitment to enforcing forex market regulations and ensuring financial institutions adhere to strict guidelines.

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. 💼🔍