Justina Salami Salami

CBK licenses 47 additional  digital credit providers, total now at 126

The Central Bank of Kenya has licensed 41 new digital credit providers, raising the total to 126.

PalmPay confirms fundraising talks as expansion plans target Africa and Asia

PalmPay is in advanced talks to raise between $50M–$100M in a Series B round. This move aligns with its bold expansion plans across Africa and into Asia.

Jumia stocks rise marginally as AXIAN Telecom takes 8% stake

Jumia shares rose 2% after AXIAN Telecom took an 8% stake. The move signals new confidence in Africa’s e-commerce leader.

Netflix raises subscription costs in Nigeria third time since 2024

Netflix has raised subscription prices in Nigeria for the third time since 2024, with the Premium plan now at ₦8,500.

Fincra secures PSP licence in Tanzania. Here is what it means

Fincra secures a license from the Bank of Tanzania, enabling real-time cross-border payments and expanding its pan-African fintech infrastructure.

Vodacom International Gets new CEO, Mohamed Abdallah

Vodacom has appointed Mohamed Abdallah as CEO of International Markets and Vodafone Egypt, in a strategic move to strengthen its African footprint.

AXIAN Telecom takes 8% stake in Jumia days after Baillie Gifford fully exits 

AXIAN Telecom takes 8% stake in Jumia after Baillie Gifford exit. This major investor reshuffle signals a strategic telecom-backed partnerships in African e-commerce.

MTN launches SIM delivery service in Johannesburg

MTN has launched Shesh@5G in Johannesburg—a 2-hour SIM and device delivery service redefining telecom convenience across Africa. The service brings 5G to your doorstep.

AUATON distances self from viral InDrive incident involving child locked in car boot 

AUATON Lagos has disassociated itself from a viral video of an InDrive driver placing a child in a car boot. The union demands an investigation and warns against unregulated driver onboarding.

Access Bank finalises National Bank of Kenya acquisition 

Access Bank has acquired Kenya’s National Bank in a $100M deal, signaling its bold expansion into East Africa’s competitive banking market.

Enugu launches EV assembly plant

Enugu State has launched an electric vehicle (EV) assembly plant in partnership with Stallion Group, marking a significant milestone in the adoption of clean energy.

What Nigerians are buying as smartphone prices rise in Africa

Nigeria's smartphone shipments fell 7% in Q1 2025 despite Africa's market growth.