November 8, 2024
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Category: Technology

Nobody likes debt shaming, however specialists are skeptical about moral debt assortment
Technology

Nobody likes debt shaming, however specialists are skeptical about moral debt assortment

Nigeria’s digital lending space has boomed in recent years, filling a gap left by traditional banks. These lenders offer quick, collateral-free loans to individuals and businesses, a lifeline for many Nigerians in a struggling economy. …

Main fibre lower takes banks in Nigeria and South Africa offline
Technology

Main fibre lower takes banks in Nigeria and South Africa offline

Multiple African internet connectivity providers have suffered outages following submarine cable cuts. Seacom, a South African internet connectivity provider, told its customers that it is experiencing a service-affecting outage via the West African Cable System, a submarine network.…

Flutterwave appoints former CBN director as board chair
Technology

Flutterwave appoints former CBN director as board chair

Flutterwave, Africa’s most valuable startup, has appointed Dipo Fatokun, a former director at the Central Bank of Nigeria (CBN), as its new board chairman, as part of its effort to uphold higher regulatory, compliance, and…

Breaking: SA points first-ever crypto licences to 59 corporations
Technology

Breaking: SA points first-ever crypto licences to 59 corporations

South Africa’s Financial Sector Conduct Authority (FSCA) has approved operating licences for 59 cryptocurrency firms as of March 12, 2024. This was stated by a representative of the FSCA at the ongoing FSCA Industry Conference…

Nigeria, Binance in talks to patch up relations after arrests
Technology

Nigeria, Binance in talks to patch up relations after arrests

Binance, the world’s largest crypto exchange, wants to patch its relationship with Nigerian authorities following recent regulatory tensions. In a statement released on Thursday, Binance emphasized its commitment to compliance and collaboration with Nigerian authorities.…

Entry Company names Aigboje Imoukhuede Board Chairman
Technology

Entry Company names Aigboje Imoukhuede Board Chairman

Access Corporation, the parent company of Nigeria’s biggest bank by assets, has appointed Aigboje Imoukhuede, a pioneering CEO of the bank, as the Non-Executive Chairman.  Imoukhuede returns to the bank he retired a decade ago;…

Telkom Kenya loses 800,000 subscribers following a dispute with tower accomplice
Technology

Telkom Kenya loses 800,000 subscribers following a dispute with tower accomplice

Telkom Kenya, the country’s third-largest telco, has lost about 800,000 subscribers in the last three months, months after the American Towers Corporation (ATC) switched off its network towers. By December 2023, Telkom’s mobile subscribers had…

Airtel Africa eyes IPO for its cell cash arm
Technology

Airtel Africa eyes IPO for its cell cash arm

Airtel Africa is exploring taking its mobile money unit public, with a potential valuation surpassing $4 billion, according to a new Bloomberg report. Talks of the IPO are in preliminary stages and the company may…

Interswitch seeks PSB license following merger with M-Kudi
Technology

Interswitch seeks PSB license following merger with M-Kudi

Interswitch, the Visa-backed Nigerian payments giant, has merged with M-Kudi, a mobile money provider, as it seeks a payment service bank (PSB) license from the Central Bank.  The merger, subject to regulatory approval, will allow…

Flutterwave’s COO leaves fintech big after a number of different high-profile exits
Technology

Flutterwave’s COO leaves fintech big after a number of different high-profile exits

Flutterwave’s chief operating officer, Bode Abifarin, has left Africa’s largest startup after six years of leading the startup’s operations, in the latest high-profile exit from the payments giant.  “It’s been a cocktail of highs, lows,…

Fintech big Interswitch eyes telecoms market with $1 million MNVO license
Technology

Fintech big Interswitch eyes telecoms market with $1 million MNVO license

Interswitch, the Visa-backed Nigerian payments giant that reported $42 million in revenue for its financial year ended March 31, will enter into Nigeria’s telecommunications sector after acquiring a Tier 5 MVNO (Mobile Virtual Network Operators)…

Former US agent recognized as Binance government detained in Nigeria
Technology

Former US agent recognized as Binance government detained in Nigeria

Tigran Gambrayan, an American citizen and former US federal agent, has been identified as one of two Binance executives detained by the Nigerian government since February 26, per a report from Wired. The other executive…