African Markets

Ghanaian banks to collect 20% tax on Netflix, Spotify and ChatGPT

Banks in Ghana will begin collecting a 20% tax on payments for Netflix, Spotify, ChatGPT and other foreign digital services on Thursday, October 15.

Funding

Cascador, Sterling Bank launch $200m fund to help Nigerian SMEs access loans

Cascador collaborates with Sterling Bank to launch a $200 million SME Credit Backstop Fund to help Nigerian small businesses get loans.

Stablecoins

Businesses drive Nigeria’s stablecoin market, but a few accounts dominate the flows

Businesses drive Nigeria’s stablecoin market, accounting for 81% of observed flows, while a small number of accounts move billions across fintechs.

Fintech

Who is Trademarks Global Concepts, the new majority owner of eTranzact?

Trademarks Global Concepts has taken control of eTranzact after acquiring a 56.18% stake from Access Bank and other shareholders.

Startup

What ITANA’s digital trade zone means for African startups

ITANA aims to help African startups operate from Nigeria, enjoy tax benefits and attract global investors.

African Markets

Nigeria built a tech board. No startup has bothered to list

Four years after its launch, the NGX Tech Board has attracted no startup listings. Why are Nigerian startups staying away, and what needs to change?

Telecoms

5G share rises 60% as 3G declines in Nigeria’s telecom market

Nigeria's 5G has grown the fastest among mobile network generations between June 2025 and August 2026.

News

Africa Bitcoin Corporation loses two-thirds of its board as the founder’s shareholder group moves in

Four Africa Bitcoin Corporation directors resign, including interim CEO Stafford Masie, following a shareholder revolt led by founder Warren Wheatley’s WGW Capital

News

Microsoft’s Nairobi shake up puts Silicon Savannah’s ambitions to the test

Microsoft’s reported plans to close its Nairobi engineering operations have raised fresh questions about Kenya’s Silicon Savannah ambitions. As engineers face uncertainty and AI reshapes software development, local technology leaders argue that African businesses must build the capacity to retain talent and compete globally.

Insights

The consolidation imperative: Inside the strategic wave reshaping African fintech

For nearly a decade, rapid, venture-fuelled organic expansion defined the growth playbook for African tech. Startups had abundant zero-interest capital. As a result, they built single-product rails, subsidised consumer adoption, and pursued aggressive growth at all costs. That era is over. Venture capital is far from reaching the heights of 2020 to 2022, and regulators […]

Fintech

CashAfrica partners with Chicken Republic to drive tap-to-pay adoption in Nigeria

CashAfrica is taking tap-to-pay to Chicken Republic’s 350 outlets. Its CEO says contactless could go mainstream in Nigeria in eight months.

Fintech

Wise secures remittance licence in South Africa, continuing African expansion

SARB has formally appointed Wise as a Category Two Authorised Dealer in foreign exchange with limited authority.