Investors cheer as Jumia delivers turnaround surprise in Q2 2025

Jumia’s Q2 2025 earnings surprise investors with 27% stock surge and 25% revenue growth, boosting confidence in its turnaround plan

MTN’s earnings to rebound, backed by strategic Nigerian investments

MTN Group forecasts strong earnings growth for H1 2025, driven by a $240M data centre in Lagos and a new 9mobile roaming deal in Nigeria.

Shoprite exits Ghana and Malawi in continental retreat

Years of losses and difficult trading conditions have prompted a strategic reset for Shoprite.

Climate tech startup Rivy launches solar equipment marketplace to tackle upfront barriers

Rivy is now going beyond loans to fix another clean tech problem. Access.

Nigeria’s Startbutton, SA’s Zazu, and 20 others admitted to 4th Visa Africa Fintech Accelerator

Visa has announced the fourth cohort of its Africa Fintech Accelerator program. The program has already boosted 64 fintechs across three cohorts, which later raised $55M

Former Flutterwave VP Leon Kiptum passes on 

Leon Kiptum, former Flutterwave VP for East Africa, has died at age 44. He recently stepped down from his role to focus on his health.

Ethiopia’s Central Bank bans four U.S. remittance companies over fraudulent moves

The NBE has specifically urged diaspora senders to use licensed channels only.

Three streaming giants raise prices in South Africa within four months

Spotify, Netflix, and YouTube have hiked prices in South Africa, signaling a shift as global platforms adjust to rising costs.

SAP acquires SmartRecruiters to cement  cloud HR edge 

SAP acquires SmartRecruiters to enhance its cloud HR suite with AI-powered recruitment tools. The deal boosts market growth.

Nigerian court stops 54gene asset sale as founder accuses investors of collapse

Once a biotech star, 54gene is now stuck in court over who controls its most valuable asset, the DNA of 100,000 Nigerians.

AfDB grants $46 million loan to boost healthcare in Sokoto 

The African Development Bank has approved a $46 million loan to develop healthcare infrastructure in Sokoto State, Nigeria

Zepz to use stablecoins to optimise its remittance back-office infrastructure

Zepz to integrate stablecoins like USDC into its remittance infrastructure. Here's how this shift may reshape cross-border money movement.