Johnstone Kpilaakaa

BD Insider 165: Ride-hailing fares could cost 200% more in 

We are starting the week with a special shout-out to one of our top partners, Geegpay who have recently launched their Mastercard and Visa virtual dollar cards

Sudan has imposed nine internet restrictions since 2021

Sudan and four other African countries broke a 2021 United Nations resolution aimed at curbing internet restrictions.

CcHUB selects Money Africa, Gradely and 10 other Nigerian startups for edtech fellowship

After three months of application and selection process, Africa's largest innovation hub Co-Creation Hub (CcHUB) has selected 12 startups for its inaugural Mastercard Foundation-backed edtech Fellowship Program.

Naira has not devalued, CBN says

The Central Bank of Nigeria has debunked reports saying that the Naira has devalued. According to the bank, the Naira exchange rate at the I&E window is currently ₦465 to $1.

How will the fuel subsidy removal impact the Nigerian capital market

Expert says that the removal of fuel subsidy in Nigeria which has led to hike in prices of PMS, food and transportation will be received with enthusiasm in the capital market.

Competition about to ramp up in the Ethiopian telecoms sector

After decades of operating as a monopoly in Ethiopia, state-owned Ethio Telecoms will experience more competition now that the government is privatising the sector.

Why Ghana is building a cybersecurity centre for banks and fintechs

The Bank of Ghana has launched the Financial Industry Command Security Operations Centre (FICSOC) to provide threat intelligence-sharing, industry situational awareness and incident response among its regulated financial institutions.

Kenyan digital lenders kick against 20% excise duty

In Kenya, digital lenders have rejected the proposed 20% excise duty remission required by the Kenyan government, citing economic realities and imbalance implementation.

BD Insider 164: Patricia lost $2M to cyber hack — Report

BD Insider 164 covers Swvl's continued woes at Nasdaq and what the ICT sector contributed to Nigeria's GDP in Q1 2023.

Lagos relaunches Workspace Voucher Program for startups

The Workspace Voucher Programme by Lagos Innovates has been relaunched to facilitate access to well-equipped workspaces for Lagos-based startups.

AWS selects 25 startups for its inaugural ‘fintech in Africa’ accelerator

Out of the 25 startups selected for the inaugural Amazon Web Services (AWS) FinTech Africa Accelerator cohort, eleven are Nigerian companies.

Why CV VC excluded Flutterwave, Chipper and Andela from African unicorn list

CV VC said that it excluded Flutterwave, Chipper and Andela from the list of African unicorns because they are not headquartered in Africa, not due to a valuation cut.