Ride-hailing war escalates as South African and Nigerian ride-hailing drivers receive prank orders

Nigeria and South African riders on platforms like Uber and Bolt are intentionally cancelling rides after drivers have arrived at pickup locations leading to a waste of resources.

BD Insider: Can Jumia reinvent itself with $100 million?

Jumia is still in the race to attain profitability and faces unusual competition from social commerce. But the e-commerce giant is not laying low.

Waza ends stealth with $8 million to take on B2B cross-border payments

The Nigerian fintech focuses on providing payment and liquidity solutions for businesses in emerging markets

BD Insider: InDrive faces a road bump

In this letter, we explore; Telcos in Nigeria are feeling the economic heat, South Africa’s incoming AI policy, InDrive drivers cry foul over low fares.

FCCPC reinstates Nigerian fintech, Sycamore as an approved digital lender

Nigerian fintech, Sycamore has been reinstated as an approved digital lender in the country. This is coming barely a month after FCCPC erroneously delisted the company.

Equatorial Guinea’s smallest province remains without internet

President Teodoro cut off Annobón’s internet amid protests, raising concerns over human rights abuses and gov't repression

Kenya drivers battle ride-hailing apps over fare rates

Kenyan drivers have begun to hike their fares and will continue to charge such rates if their fare prices are not reviewed and increased by ride-hailing platforms.

Tyrese Haspil gets 40-to-life jail term for Gokada founder murder

His shocking betrayal and murder of a tech visionary, driven by greed and lavishness, ends with what many call a befitting verdict

SA’s taxman plans clampdown on Shein and Temu

South Africa's tax authority tightens regulations on e-commerce imports, targeting low-cost platforms with new VAT and customs duties to protect local retailers

BD Insider: Bad news for SA online shoppers?

SARS is coming after Shein and Temu with a new tax law

Uganda UTel secures $225 million investmet from Dubai-based investor RCC

UTel is set to receive a $225 million investment fund from Rowad Capital Commercial LLC.

BD Insider: Investors are ignoring AI startups in Africa

African AI startups contributed only $4 million across five deals in Q2 2024, accounting for less than 1% of the total investment.