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President Tinubu suspended the CBN governor in a move reminiscent of Sanusi Lamido’s removal as CBN governor in 2014. Once again, the move has thrown up questions about whether the President has the power to…
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After two recessions, a botched naira redesign scheme, and different economic policies that saw Nigerians counting their losses weekly, Godwin Emefiele, Nigeria’s central bank governor, has been suspended by the president. Godwin Emefiele, the governor…
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Israeli AI startup RavinAI is pursuing expansion of their fleet management product offering with entry into the South African market. Israeli-based AI startup RavinAI is launching operations in South Africa through a partnership with Alder…
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In recent years, international streaming platforms have placed Nigerian films in front of global audiences, yet filmmakers still grapple with piracy and a local audience that cannot afford their films. The Nigerian film industry is…
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Nigerian fintech, Tingo Group, says the allegations made by Hindenburg research group are false and a deliberate attempt to damage its reputation. The company has also appointed an International law firm, White & Case LLP,…
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As the nationwide strike by ride-hailing drivers lingers, Bolt has introduced new incentives to drivers operating on its app, but they aren’t impressed. This week, ride-hailing drivers began a strike to ask for an increase…
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Tanzanian agritech startup NovFeed co-founders Diana Orembe and Otaigo Elisha speak on NovFeed’s victory in the Milken Institute and Motsepe Foundation Innovation Prize. Last month, Tanzanian biotech startup NovFeed won the Milken Institute and Motsepe…
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A compromise agreement has been reached between ride hailing drivers and taxi drivers following violence over customers in the last few days. E-hailing drivers, including Uber and Bolt, have been banned from dropping off or…
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Sudan’s tech ecosystem is caught in a crossfire between militants. But operators are daring to hope. The streets of Khartoum, Sudan’s capital, now feel like a graveyard. Made quieter by the thousands of people escaping…
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On paper, everything seems well at Unity Bank, but a worrying note from independent auditors, KPMG, on the financial health of Unity Bank should bother investors. A note from independent auditors, KPMG, has raised questions…
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A source with knowledge of the deal says Medius could pay several hundred million for Expensya. Medius, the Swedish business expense management company, plans to acquire Tunisian-born but Paris-headquartered Expensya for an undisclosed sum. A…
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Nigerian fintech, Tingo Group, says it will make a formal statement concerning the allegations by Hindenburg today and appoint a legal firm to manage the situation. Tingo Group, a NASDAQ-listed agri-fintech company accused of being…
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