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MTN Nigeria, the Nigerian arm of Africa’s largest telecom, today received final approval from the Central Bank of Nigeria to run a payment service bank. With this approval, MTN Nigeria can provide virtually all the…
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On Friday, April 8, 2022, Chinese ride-hailing giant, Didi Chixung, announced that it would be ending its operations in South Africa. This is coming only a year after it launched in the country, marking its…
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Financial institutions in Africa have historically relied on credit bureau scores, or the financial footprints of customers, to make lending decisions. In the absence of these, social demographics—such as gender, employment status, income level, etc—are…
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Hello from the year 2030. As you can imagine, the world is different now. “How different?” you ask. There’s a lot to say about flying cars and the metaverse but not today, I’ll tell you…
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11 APRIL, 2022 IN PARTNERSHIP WITH Good morning 🌅 During the pandemic, we were all enthralled by the dancing Ghanaian pallbearers whose processions gained global recognition. What started as a meme has now turned into profitable…
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At the end of October 2018, the Nigerian ride-sharing platform GoMyWay ceased to exist after operating for about 4 years. According to a statement by the company’s CEO Damilola Teidi, this was due to a…
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With the rollout of Africa’s first regulated digital currency—the eNaira—seen as successful, governments across the continent are ramping up research into what could be a game-changer for the continent. This article was contributed to TechCabal…
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8 APRIL, 2022 IN PARTNERSHIP WITH Finally, Friday 🚀 We need your help with a product we’re working on. Data drives how we make business decisions but there seems to be a dearth of easy…
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Global payments company Visa has opened a new Innovation Studio in Nairobi, Kenya. The studio was officially opened by the Governor of the Central Bank of Kenya, Dr Patrick Njoroge on April 6, at an…
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Across Africa, the increasing adoption of social media has over the years inspired the rise of social commerce—a type of online selling where transactions take place via social platforms (such as Facebook, Instagram, Twitter, and…
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7 APRIL, 2022 IN PARTNERSHIP WITH Happy pre-Friday 🌞 Emoji reactions are coming to Google Docs. A week after we find out that Google is adding emoji reactions to its video conferencing platform, Meet, it’s…
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The Central Bank of Nigeria (CBN) has fined 3 of the country’s commercial banks for flouting a cryptocurrency trading restriction levied a year ago. The 3 banks, Stanbic IBTC, Access Bank, and United Bank for…
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