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First rate cut since COVID: CBN eases to 27% as inflation slows

Nigeria’s Central Bank cuts its benchmark interest rate to 27% for the first time since COVID, as inflation slows.

News

Axian telecom Chair, Hiridjee tightens grip on Jumia as tower dispute unfolds in Uganda

Billionaire Hassanein Hiridjee’s Axian Telecom is battling in Uganda’s tower market while tightening control of Jumia.

Fintech

Kenya’s Bonto shuts down six months after getting its CBK licence

Bonto’s exit, just six months after getting its CBK licence, shows how unforgiving Kenya’s remittance market is for new players.

News

Eyob Tekalign steps in as Ethiopia’s new Central Bank governor

Eyob Tekalign takes the hot seat at Ethiopia’s central bank with inflation and forex shortages waiting on his desk

EdTech

Nigeria sets 2030 target for 95% digital literacy

By 2027, we want to see 30 million Nigerians trained and digitally empowered. We cannot do this alone, which is why we are working with partners,” Kashifu Abdullahi, NITDA DG said

News

AFCON 2025: Visa cardholders to get presales tickets first

Visa cardholders will get early presale access to AFCON 2025 tickets in Morocco, two days before general sales open on September 27.

AI

CMC Networks appoints ex-Google exec, Mahesh Jaishankar as Managing Director to lead AI push in Africa

Mahesh Jaishankar as Managing Director will now expand AI-driven connectivity across 62 markets in Africa and the Middle East.

AI

Fiverr cuts 30% of  workforce to double down on AI

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.

News

US investors to take majority control of TikTok under new deal with China

US investors will take majority control of TikTok in a new deal with China, creating a US-only app and shifting oversight to American firms.

Fintech

Yoco picks two Co-CEOs, as founding CEO Maphai steps back

Katlego Maphai, who led Yoco from startup to 400,000 merchants, steps down.

News

mPharma appoints Kwesi Arhin as new CEO

mPharma has appointed Kwesi Arhin as its new Chief Executive Officer, succeeding co-founder Gregory Rockson.

Fintech

Ivorian fintech Djamo secures first microfinance licence with no objection from the BCEAO

After three years, YC-backed Ivorian neobank Djamo secures the first microfinance licence in French-speaking West Africa with BCEAO approval.

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