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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.
Flutterwave reshapes its compliance leadership with key appointments as it aims for Nasdaq IPO readiness.
Circle Ventures has invested in CV VC’s $20 million African Blockchain Fund, marking a major bet on Africa’s stablecoin-powered future.
Visa cardholders will get early presale access to AFCON 2025 tickets in Morocco, two days before general sales open on September 27.
Fiverr is cutting 30% of its workforce to focus on AI. The move raises concerns for African freelancers who depend on the platform for income.
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