How Fez’s newly launched Safe Lockers work

Fez Safe Lockers would allow customers within a 5 KM radius of every pickup spot to walk into designated spots and pick up with an OTP.

South African internet users double down on Starlink

West African private equity firm Verod has acquired a 65% stake in Nigeria's leading fitness chain i-Fitness from CardinalStone in a $12 million deal.

Zilla halts BNPL service to focus on cross-border payment

Nigerian fintech startup, Zilla is discontinuing its buy-now-pay-later (BNPL) service to focus on Zillawire, its newly launched cross-border payment.

SafeBoda is returning to Kenyan roads

Ugandan ride-hailing startup, SafeBoda, is set to re-launch in Kenya via Nairobi, the capital city, in February. According to a countdown on its website as of today, January 22, 2024, the ride-hailing service will hit Nairobi roads in the next 13 days—February 4, 2024.

Internet cut trails post-election protests in Comoros

On Monday 15th January 2024, Comorians went to the polls to vote for their next leader, but the process was marred by irregularities

Nigerian CBN governor Cardoso’s debut MPC meeting scheduled for February

Olayemi Cardoso is scheduled to chair his first monetary policy meeting as the CBN governor in February, as indicated by a tentative calendar released by the Bank.

Amazon Prime cuts funding and staff in Africa

Amazon Prime Video is not exiting Africa and the Middle East, but it is reducing its budget and workforce in both regions. Additionally, the streaming service will pause Original productions.

Angola’s central bank tames latest data breach

There is no indication who executed the attack or how much was lost in the process

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.