Shoprite exits Ghana and Malawi in continental retreat

Years of losses and difficult trading conditions have prompted a strategic reset for Shoprite.

Fusepay, a Seychelles-based fintech, raises $350k pre-seed to digitise business payments

Fusepay raises $350,000 pre-seed to digitise business payments and replace cheques across Indian Ocean islands, starting with Seychelles.

Exclusive: Collect Africa shuts down to make way for Stablecoin-focused Autospend

“We realised there’s a much larger opportunity to solve a global problem,” said Abraham Ojes, co-founder of Collect Africa.

TymeBank threatens legal action over 6,500% spike in ID verification fees

TymeBank plans legal action as South Africa raises ID verification fees from 15 cents to 10 rands, calling it a threat to low-income access and financial inclusion.

Pesa acquires UK EMI, Authoripay Emoney to begin Europe expansion

At the end of 2024, Pesa completed the acquisition of Authoripay Emoney Ltd, a UK FCA-licensed e-money issuer (EMI). Here is what it means.

Nigeria’s Medsaf quietly shuts down after raising over $7 million to digitise drug supply

After raising $7M and working with 1,000+ hospitals, Nigerian health startup Medsaf has shut down due to FX shocks, investor pullouts and a failed acquisition attempt.

₦225 billion dispute: Fidelity Bank responds to Supreme Court ruling, assures stakeholders

Fidelity Bank states it is “willing to settle the obligation” now that the appeal process is exhausted. However, the bank points to “significant ambiguities in the judgment resulting in difficulties in calculating the actual financial liability”.

US tariffs could derail Africa’s telecom growth, MTN CEO warns

MTN Group CEO Ralph Mupita has warned that new US tariffs on telecom equipment could increase infrastructure costs and slow network expansion across Africa.

Nigerian Grocery Startup MyFoodAngels pivots to eco-friendly packaging

Exploring biodegradable plastics as a long-term delivery solution will make the company the first grocery delivery platform to pivot into eco-friendly packaging, often claimed to be sustainable for the planet

FCCPC sues MultiChoice over subscription price hike

FCCPC has sued MultiChoice Nigeria for defying regulatory orders and increasing DStv and GOtv subscription prices, sparking a legal battle over consumer rights.

EXCLUSIVE: InDrive introduces bank transfer feature for trip payments

This move positions InDrive as the first ride-hailing platform in Nigeria to adopt this approach. It also affirms bank transfers as the most acceptable mode of trip payment

Nigeria’s inflation rises to 34.80%, as NBS site resumes service after one-month break

"Three weeks to resolve a hack is unusual. Shouldn't take more than a couple of hours to get a website back online," said one ethical hacker who explained the nature of the attack to Condia.