President Biden commends Nigeria on Binance executive Tigran Gambaryan’s release

This raises questions about the extent of US involvement in the case.

YC-backed Touch and Pay processes ₦20 billion transactions, launches dollar feature for Nigerian transport

Its flagship product which simplifies transport payments has surged in transaction volumes, processing over ₦20 billion already in 2024, and helping them achieve profitability status, Afolabi said.

Oyster Agribusiness raises $2M to scale Climate-Smart Agriculture in Ghana

Oyster Agribusiness is well on its way to deepen its impact on smallholder farmers.

Nigerian Uber and Bolt drivers demand a greater cut of ride-hailing companies’ estimated ₦36 billion annual revenue

Nigerian drivers working for Uber and Bolt are demanding a reduction in commission rates, arguing that the current 25% cut is unsustainable given rising operational costs.

Airtel Africa posts $79 million in half-year profits, delighting investors with strong performance

This recovery is despite rising fuel costs and currency devaluations, which continue to impact Airtel's top line. 

BasiGo secures $41.5M to drive Electric Bus expansion in Kenya and Rwanda

BasiGo Kenya, has successfully raised $41.5 million in Series A equity and debt funding.

PaidHR’s new cross-border payroll feature allows employees to receive salaries in 49 currencies

The new feature will be key for remote workers who receive salaries globally and a hedge against macroeconomic headwinds like currency devaluation.

OmniRetail acquires Traction Apps, to process ₦2 trillion for SMEs annually

The acquisition will be implemented in phases, beginning with streamlining operations and integrating platforms.

Lagos Red line mulls hybrid power system, to curb diesel overhead

On Tuesday, the Lagos state government launched its red line, a 37km rail line connecting Oyingbo to Agbado. The train is the second intra-city rail system, following the inauguration of the Blue Line last year. Lagos State Governor Babajide Samwo-Olu led the first passengers aboard the rail system, who were subjected to tests and free […]

Octavia Carbon secures $3.9M to scale Carbon Capture in Kenya

Octavia Carbon’s $3.9M seed round to boost atmospheric CO2 removal efforts.

BREAKING: Jumia to exit South Africa and Tunisia, focusing on core markets

Jumia's decision to exit these markets will reduce its total number of operating countries from 11 to 9, with a majority of its focus now concentrated in West and East Africa.

MaxAB co-founder & COO exits 2 months post-mega merger

Following a high-flying tie-up with Wasoko, the Egyptian-born startup announces the departure of Mohamed Ben Halim, who has spent 6 years working with the company