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Kenya’s 2024 Finance Bill, which proposes new taxes on several items and services, has drawn widespread criticism from citizens this week. If passed, the law will give the Kenya Revenue Authority (KRA) sweeping powers to…
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Ride-hailing giant Bolt has introduced a flexible pricing system allowing passengers to offer higher fares to drivers to increase their chances of getting rides during periods of high driver demand. Trip delays have become more…
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The Namibia Student Financial Assistance Fund (NSFAF) supports Namibian students with financial needs, enabling them to access higher education. This initiative is just like the recently launched NELFUND in Nigeria by the Federal Government, for…
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eMedia, the South African television broadcaster that owns eTV and eNCA, recorded a profit after tax of R315 million ($17 million) despite a 1% advertiser spending pullback in the country. The company’s R3.1 billion ($168…
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Maëlle Gavet will step down as CEO of Techstars at the end of May 2024 due to health reasons, ending her almost four year leadership of the global accelerator. She will be replaced by David…
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The Democratic Republic of Congo (DRC) claims it has new evidence linking Apple’s supply chain to illegally exported minerals from the troubled east. DRC is rich in “3T”–tin, tungsten, and tantalum–critical components to manufacture electronic…
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Lending is a tough nut to crack, and Nigeria’s biggest banks, valued at trillions of naira, know this too well. Only 6.2% of Nigeria’s adult population had access to loans in 2019, a measure of…
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Kenya has revived the controversial ICT Practitioners Bill, now rebranded as the ICT Authority Bill, 2024. The new legislation aims to regulate its ICT industry by licensing and registering ICT companies and professionals. First introduced…
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Members of the Monetary Policy Committee voted to raise interest rates by 150 basis points to 26.25% from 24.75%, a moderate increase following more aggressive rate hikes in February and March. The vote for a…
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The Nigerian Education Loan Fund (NELFUND) is the body now instituted to manage the day-to-day activities of the federal government of Nigeria’s student loan initiative announced sometime last year. The new student loan programme is…
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One month after a ban on onboarding new customers, fintech s are still at the negotiating table with regulators. Five Nigerian neobanks—Moniepoint, OPay, Palmpay, Kuda, and Paga—remain unable to onboard new customers one month after…
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Two top executives at The Guardian, a legacy Nigerian newspaper, say the company is suing logistics startup Kwik to collect millions of naira in unpaid rent for two office floors in the newspaper’s Abuja building.…
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