At first look, the Mosphera scooter could look regular—simply comically outsized. It’s just like...

A new proposal by Kenya’s parliament finance committee could extend the deadline for commercial banks to meet new capital requirements to eight years. In June 2024, Kenya’s Central Bank proposed a tenfold hike in minimum capital for banks with a three-year deadline.  The committee said raising the minimum capital requirement from KES1 billion ($7.7 million)

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Access Bank, a tier-1 Nigerian commercial bank present in 22 countries, is building a payment rail, Access Africa, to allow people and businesses to send money across the continent through Access bank accounts.  “It’s our proprietary rail that connects Africa,” Rob Giles, Access Bank’s senior retail banking advisor, said at a media parley on November

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56% of finance employees in Nigeria are unhappy with their salaries due to reduced spending power, according to “Inside the Paycheck: Compensation Trends in Nigeria’s Finance Industry” report by Duplo, a Nigerian B2B payment automation startup. Only 3% say they’re satisfied, down from the 14.8% who said they were happy with their compensation in 2023.

Mergers and acquisitions are notoriously complex, high-risk ventures that often take months or years to finalise. Beyond the obvious financial intricacies, what many don’t realise is how important non-financial factors—particularly cultural alignment—are to their success. Deals aren’t just about combining balance sheets since they involve uniting people, processes, and philosophies. A mismatch in company cultures

Enakl, a Moroccan and French mobility startup that offers bus-sharing services, has raised $1.4 million in a pre-seed funding round. The company will use the funding to improve its technology and expand into other cities in the North African country and across Africa.  The round was led by Catalyst Fund, with participation from Renew Capital

AltSchool Africa, the Nigerian edtech startup that trains Africans with in-demand tech skills, is expanding to Europe as it seeks to diversify its revenue streams and accelerate growth. The edtech startup will launch its first operations in Malta—after being part of a growth accelerator sponsored by the Malta government—and is hiring across its business and

Generative AI has taken off. For the reason that introduction of ChatGPT in...