Kenyan digital lenders kick against 20% excise duty

In Kenya, digital lenders have rejected the proposed 20% excise duty remission required by the Kenyan government, citing economic realities and imbalance implementation.

BD Insider 164: Patricia lost $2M to cyber hack — Report

BD Insider 164 covers Swvl's continued woes at Nasdaq and what the ICT sector contributed to Nigeria's GDP in Q1 2023.

Lagos relaunches Workspace Voucher Program for startups

The Workspace Voucher Programme by Lagos Innovates has been relaunched to facilitate access to well-equipped workspaces for Lagos-based startups.

Bank of America opens applications for Breakthrough Lab accelerator

The 6-month accelerator program offers early-stage startups from underrepresented communities a platform to scale their business model, establish industry connections and pursue funding.

AWS selects 25 startups for its inaugural ‘fintech in Africa’ accelerator

Out of the 25 startups selected for the inaugural Amazon Web Services (AWS) FinTech Africa Accelerator cohort, eleven are Nigerian companies.

Kunda Kids secures $700K to teach African history to kids in the diaspora

Between 2017 and 2019, only 7% of all children books published in the UK contained characters from minority ethnic groups including those of African descent. Amidst this low percentage, the University of Manchester says 33.5% of the school population in the UK are from these minority groups.

Jumia Nigeria appoints Lere Awokoya as chief marketing officer

Lere Awokoya, an experienced marketing expert, has been promoted to the position of Chief Marketing Officer at Jumia

In Q1 2023, Data breaches in Nigeria increased by 64%

The latest study by cybersecurity company Surfshark ranks Nigeria as the 32nd most breached country in Q1’2023. Globally, a total of 41.6 million accounts were breached last quarter.

Tyme raises $77.8 million to fuel global expansion

This comes as the group's South African flagship, TymeBank, celebrates its seven million customer milestone this month

BD Insider 163: Nigerian senate still wants to pass the NITDA Bill

The controversial NITDA bill might be passed by the Senate. we also explored the proposed launch of Africa's cheapest smartphone in Kenya, the latest about MTN mobile money operations in Cameroon and NigComHealth.

In July, Kenya will launch “the cheapest smartphone in Africa”

Following President Ruto's announcement on Kenya's plan to manufacture the cheapest smartphones in Africa, the country says the launch will hold in July.

Why Tizeti wants to improve broadband penetration in Cote d’Ívoire with Microsoft

Tizeti, a leading internet service provider in West Africa has partnered with Microsoft to improve broadband penetration in Cote d’Ívoire and bring internet access to almost five million people.