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Healthtech

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.

News

₦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”.

Telco

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.

Exclusive

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

News

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.

Mobility

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

News

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.

News

10 biggest African tech stories of 2024

From billion-dollar milestones to market shakeups, dive into the biggest African tech stories that defined 2024.

News

MTN Group announces major leadership changes

MTN Group announces major leadership changes, including the departure of Bayobab CEO Frédéric Schepens and new appointments across Africa, as part of its strategic restructuring for growth.

News

IHS Towers to sell 70% stake in Kuwait operations to Zain Group for $230M

IHS Towers is selling a 70% stake in IHS Kuwait to Zain Group for $230M, aiming to optimise its portfolio and reduce debt. The deal is set to close in 2025.

Analysis

Verve cards are now accepted on AliExpress. But their issuing business tells a sweeter story

Verve has grown card issuing by 40% year-on-year, in the last two years. This article reports the news of their partnership with AliExpress while going deep into three growth eras they've experienced.

Explainer

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