Bem Sonnen

KuCoin, crypto exchange, introduces a 7.5% VAT on transaction fees for Nigerian users

KuCoin, the global crypto exchange has announced that it will begin a 7.5% VAT tax on transaction fees of all its users in Nigeria

Uganda reinstates 25% import duties on import of all Electric and Hybrid vehicles

Uganda has hiked import duties by 25% on all electric vehicles coming into the country, a big jump from 0% in the past fiscal year.

Nigeria now produces all its SIM cards locally

Nigeria now produces 100% of its SIM cards locally, two years after the Government placed a ban on imports

IFC, Proparco and RMB Partner with WIOCC Group to raise over $50 million to invest in digital infrastructure in Africa.

IFC, Proparco and RMB have joined forces with WIOCC Group to raise over $50 million to invest in digital infrastructure within Africa.

Zimbabwe plans to install floating solar panels in Africa’s largest man-made dam

The Zimbabwean government plans to install solar panels on Kariba Dam, to address energy shortages

Nvidia surpassed Microsoft as the world’s most valuable company

Nvidia has surpassed Microsoft to become the world's most valuable public company, with a market cap of over $3 trillion.

Polish drone maker plans to set up drone factory in Kenya

Polish drone maker Farada Groups has plans to set up a drone factory in Korza Technopolis, Kenya

Africa Data Centres secures over $109 Million to expand operations

Africa Data Centres Plans to Increase Capacity in South Africa After Securing Over $109 Million in Funding.

Ride-hailing services now need to apply for licences in South Africa

The South African president Cyril Rumaphosa has amended the National Land Transport Action Law to enable Bolt, Uber and other ride-hailing platforms in the country to apply for operating licenses like other public transport service providers. Previously, these companies operated in a regulatory grey area relying on charter permits and metre taxi operating licences.  Now […]

Visa partners with ThriveAgric on Kenya Expansion gives support to thousands of farmers

Ayo Arikawe, ThriveAgric co-founder, stated that this collaboration signifies a significant milestone in ThriveAgric’s expansion into Kenya, which began last year, with the establishment of local hubs in Busia and Homabay counties.

Bank of Ghana partners with Singaporean monetary authority in testing the use of digital currency for cross-border trade

The project's next phase will include more automated digital credential processes, programmable payments across multiple digital currencies, and supply chain finance support.

Egyptian fintech Sahl raises $6 million to expand offerings as a comprehensive financial services provider

Founded in 2020 by Ahmed Othman, Ibrahim Assal, and Abdullah Assal, Sahl is a bill payment platform that enables users to recharge prepaid cards.