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When Tayo Oviosu founded Paga in early 2009, he believed mobile phones could bring financial services to all Africans. It meant creating a mobile app, but it was still early days in Nigeria’s financial services…
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GTCO, the holding company of Guaranty Trust, a banking subsidiary with a market capitalisation of ₦840 billion, will list additional shares on the Nigerian and London Stock Exchange as part of plans to raise $750…
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Tanzania’s Central Bank will no longer allow unlicensed digital lenders to operate in the country and has told customers to look out for valid licenses before patronising loan companies. The Bank of Tanzania’s (BoT) new…
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1993 and 2024 tell very different histories of Japan’s growing investment in Africa. After the Second World War, in which Japan was both defeated and economically devastated, the Asian country capitalised on a weakening yen…
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Between Q1 2023 and Q1 2024, at least five South Africa startups managed to raise follow-on funding rounds. In a funding downturn, raising one round is already tough enough, let alone two within a year,…
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This article was contributed to TechCabal by Seth Onyango via bird story agency . Africa’s tech ecosystem is attracting billions of dollars, thanks to dynamic startups whose innovation and creativity are reshaping industries and unlocking…
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First Bank Holdings the parent company of First Bank Nigeria has appointed Ebenezer Olufowose as chairman of its banking subsidiary following the completion of Tunde Hassan-Odukale’s12-year tenure. In April, Adesola Adeduntan, the CEO of First Bank…
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In the seven months since Bosun Tijani became Minister of Communications, Innovation, and Digital Economy, internet access has declined from 45.57% to 43.53%. It’s an early challenge for a minister who set a goal of…
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Airtel Africa will take its mobile money unit public in 2025 even as it plans to expand the service to more African countries. The service is currently active in 14 countries. “We will list next…
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Kenya’s Safaricom, East Africa’s most profitable company, has posted a 1.2% increase in net profits to $480.84 million (KES62.99 billion) in the full year ending March 2024, driven by strong mobile money service and internet…
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A former chief risk officer of the Nigeria Inter-Bank Settlement System (NIBSS), Temidayo Adekanye, has sued the switching company for unlawfully terminating his appointment months after he raised concerns about financial impropriety. The former NIBSS…
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Airtel Africa, a telecommunications firm with a presence in 14 African countries, has seen its revenue dip 5.3% to $4.9 billion, hit by significant currency devaluations in Nigeria, Malawi, Zambia, and Kenya, according to the…
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