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Stanbic IBTC appoints Chukwuma Nwokocha as Group CEO after interim leadership, as the bank eyes growth amid recapitalisation and challenges.
Lisk has launched a $15M Web3 fund to back startups in Africa, Latin America, and Asia targeting fintech, payments, and inclusion.
MoMo Payment Service Bank is marking Nigeria’s 65th Independence Day with 24 hours of free money transfers nationwide on October 1.
The National Bank of Ethiopia kept its benchmark rate at 15% as inflation eased to 13.6% in August despite Nigeria’s recent rate cut.
LagRide is offering a 40% discount for Lagosians to ease challenges caused by flooding, while preparing to launch the Omni mini bus.
Uber has shut down in Côte d’Ivoire after six years, its first withdrawal in Africa. Cash-flow struggles forced the global giant out.
Kenya’s Ilara Health downsizes operations after funding setbacks. The healthtech startup lays off staff, echoing MedSaf’s shutdown.
PayPal invests $100M in MENA and Africa via PayPal Ventures, boosting payments and hiring despite global regulatory challenges.
Impact investor Acumen has secured $246.5 million to expand clean energy access in Africa’s hardest-to-reach markets.
Nigeria’s Central Bank cuts its benchmark interest rate to 27% for the first time since COVID, as inflation slows.
Billionaire Hassanein Hiridjee’s Axian Telecom is battling in Uganda’s tower market while tightening control of Jumia.
AUATON has given Uber and Moove a three-day ultimatum to reverse a 100% hike in the Drive-to-Own remittance.
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