Johnstone Kpilaakaa

Inside Nigeria and Egypt’s fintech alliance to deepen cross-border regulations

The regulators of Africa's leading fintech markets, Egypt and Nigeria have signed a deal to deepen cross border regulations in both countries.

The African gaming market will be worth $1 billion by 2024 — Report

By 2024, African gaming is projected to be worth about $1 billion, according to data from research firm Newzoo. In 2022, games sold in the region generated $862.8 million in revenue, up 8.7% YoY.

How Nigeria’s $428 million ICT backbone project is enabling rural financial inclusion

In rural communities across Nigeria, the Nigeria National Information and Communication Technology Infrastructure Backbone (NICTIB) Project is driving financial inclusion due to increased broadband penetration but continued inter-bank transfer failure remains a challenge.

Starlink launches in Kenya as Safaricom gears up for competition

Starlink is now available in Kenya, with Karibu as its authorised reseller in the country. Safaricom says it intends to launch a Starlink competitor in the coming months.

Kenyan content moderators behind ChatGPT ask Parliament to probe Open AI and Sama

Content moderators have asked the Kenyan Parliament to probe Open AI and Sama over alleged exploitation of workers who worked to clean ChatGPT of toxic content.

International flight tickets to sell at ₦803/$1 in Nigeria, IATA says

Starting Tuesday (July 18, 2023), the International Air Transport Association (IATA) has adjusted the exchange rate for flight tickets from ₦776.90/$1 to ₦803.90/$1, Nairametrics exclusively reported on Monday.

What is the impact of “the great market reset” on African startups?

VC investments in African tech dropped by 48% in the first half of 2023, we talk to Victor Asemota, an African tech entrepreneur on how this is affecting the ecosystem.

BD Insider 171: What next for Nigerian fintechs given new FX and USD push by banks?

We also covered how Nigeria has lost its spot as the top destination for tech VC funding in Africa and Flutterwave and IATA payment partnership.

Africans will pay more for UK visa fees and health surcharge

UK Prime Minister Rishi Sunak has increased visa application fees and health surcharge paid by immigrants, including Africans to enable the country to fund its public sector.

Wema Bank increases foreign currency spending limit on Naira cards

Wema Bank has resumed international transactions on naira cards, the bank has also increased its monthly spending limit to $500.

Access Bank wants to acquire StanChart’s Sub-Saharan Africa subsidiaries

Access Bank has completed talks for the acquisition of Standard Chartered Bank's subsidiaries in Africa. The deal is pending regulatory approval and will be completed in 2024.

CBN to halt controversial social media KYC requirement

The House of Representatives has adopted a motion asking the Central Bank of Nigeria to suspend the implementation of the social media KYC requirement that was introduced last month.