Five things that made Tyme Bank profitable in 2023

TymeBank, a neobank based in South Africa, attributes its 2023 profitability to five crucial elements, including a distinctive business model, strategic partnerships, lending products, and capital infusion.

UNDP launches $1 billion innovation fund to back African startups

The United Nations Development Programme has launched timbuktoo Initiative, a $1 billion innovation fund to invest in African startups.

Zambia’s Africa tech hub moonshot lies in limbo

Negotiations with the government as regards building on the idea have been relegated due to keen attention debt restructuring

Ezdehar invests $10M in Yodawy for a minority stake in the Egyptian healthtech

Ezdehar, an Egyptian firm, invested $10 million in Yodawy, acquiring a minority stake in the health tech. Yodawy serves 35 health companies, 800+ firms, and 3,000 pharmacies, delivering over 6 million prescriptions since 2018.

Vodafone inks $1.5 billion deal with Microsoft to transform user experience in Africa and Europe

Vodafone and Microsoft join forces in a $1.5 billion deal to enhance user experience in Africa and Europe. The deal will also introduce a program to aid 100 million consumers and one million SMEs in Africa.

Telesom has claimed Somaliland’s first 5G network

The East African market looks determined to compete on the global stage and charts a course towards technology

Zimbabwe’s internet costs hit an all-time high

Last year, the landlocked country's telecommunications industry regulator, POTRAZ, approved three tariff price hikes for telcos

CBN is cracking down on select Nigerian banks for non-compliance

The Central Bank of Nigeria has removed and replaced the management team of Union Bank, Keystone Bank, and Polaris Bank.

Africa’s biggest TV network, NTA secures rights to air 2023 AFCON

Africa's biggest TV network, the Nigerian Television Authority (NTA) has revealed via its X handle that it has obtained the rights to broadcast all 52 African Cup of Nations (AFCON) events. 

Fez launches Automated Lockers Network to transform delivery in Nigeria

Fez launches Fez Safe Lockers, a revolutionary network of automated lockers designed to transform last-mile delivery in Nigeria

Ericsson banks on MTN’s mobile money arm for Africa fintech play

The partnership aims to expand financial inclusion in the continent, targeting first-time users and established business apps

In Memoriam: Uche Ugo, the Nigerian branding expert and a friend to all

Uche Ugo's impact, like the blue sky, has touched every corner of the Nigerian creative industry. He'll be remembered not just as an exceptional branding expert but as a friend to all.