Crypto exchange, OKX announces plans to exit Nigeria market.

Cryptocurrency exchange OKX has announced its plans to exit the Nigerian sector. According to an email sent to its Nigerian customers on Wednesday, it intends to discontinue services in the Nigerian market because of the country's unfavourable regulatory conditions.

Ghana grants licences to 51 cybersecurity providers amid a surge in data breaches

The Ghana Cybersecurity Authority granted licences and accreditation to 51 cybersecurity industry players to to combat surge in data breaches

Top telcos shape to rival Starlink in Africa’s costly internet capital

In Zimbabwe, the entry of Starlink, Elon Musk’s disruptive satellite internet platform, is causing a stir. After getting a license two months back, the service plans to launch in the third quarter of 2024, pushing local internet providers to rethink. Zimbabwe’s internet has long been expensive and limited in coverage. Average data costs are higher […]

Uganda reinstates 25% import duties on import of all Electric and Hybrid vehicles

Uganda has hiked import duties by 25% on all electric vehicles coming into the country, a big jump from 0% in the past fiscal year.

On NDIC’s disbursement of ₦650 bn to 2.3 million insured Heritage Bank depositors

The Nigeria Deposit Insurance Corporation (NDIC) has begun paying out the trapped funds of depositors at the now-defunct Heritage Bank.

Lagos state govt injects ₦1 billion for startup funding and innovation research

₦1 billion in funding marks an astronomical increase in allocation to the initiative based on previous precedents.

Ride-hailing services now need to apply for licences in South Africa

The South African president Cyril Rumaphosa has amended the National Land Transport Action Law to enable Bolt, Uber and other ride-hailing platforms in the country to apply for operating licenses like other public transport service providers. Previously, these companies operated in a regulatory grey area relying on charter permits and metre taxi operating licences.  Now […]

Sierra Leone takes hundredth spot on Starlink’s global radar

Elon Musk’s satellite internet service, Starlink, has gone live in Sierra Leone. The launch, which comes a year after the Francophone West African country’s communications regulator granted the service an operating license, takes the company’s reach to 100 markets globally. 

inDrive avoids ban in Nigeria’s capital, secures licence

inDrive started offering rides in Abuja in March 2023 and quickly became popular, with users averaging 212 rides each in the first few months. 

After Zimbabwe, its Botswana granting Starlink a license

Botswana is the latest African country to grant Elon Musk's Starlink an operating license. The approval follows a meeting in Dallas, Texas between the service's executives and the country's leader, President Mokgweetsi Masisi.

Brass co-founders exit as fintech gets acquired by Paystack-led consortium

Following the acquisition, Brass will continue to build and support its customers and grow with a new leadership team.

India’s top telco ventures outside home to take on Africa

India's leading mobile network operator, Reliance Jio, one of the world's largest in terms of mobile data traffic consumption, is making inroads into Africa.