Busbud Acquires South Africa’s Ratality to Enhance Revenue Management Features
Ratality’s software has been shown to boost operator revenues by over 30% annually.
TowerCo of Africa Tanzania Lands $30 Million to Construct 200 Telecom Sites
Founded in February 2023, TOA Tanzania owns and manages telecom infrastructure that it leases to mobile network operators.
Lagos State Unveils Cybersecurity Project to Enhance Digital Safety
The Lagos State Government has launched a Cybersecurity Operations Centre (CSOC) to enhance digital safety and protect its infrastructure from cyber threats.
BritBox to End Services in South Africa by August 2024
BritBox's global CEO, Reemah Sakaan, highlighted in September 2022 that South Africa had high streaming volumes compared to other markets.
Court to Hear Wrongful Termination Case Against NIBSS in November
The court will examine Adekanye's claims, which have cast doubt on the integrity of Nigeria’s financial system.
Nigerian Banks Set to Collect Customers’ Social Media Handles Following Court Ruling
The CBN defended the regulation, stating it helps combat financial crimes and terrorism by improving customer identification.
CBN Withdraws Controversial Cybersecurity Levy
The cancellation of this levy is a relief for many Nigerians who heavily rely on electronic transfers.
OpenseedVC Launches $10 Million Fund for African Startups
The launch of OpenseedVC offers a new funding source for African startups, which saw a 33% drop in funding in 2023, raising only about $3.2 billion.
ThriveAgric Ranks Among Top 20 Fastest-Growing Companies in Africa by Financial Times and Statista
Founded in 2017 by Uka Eje and Ayodeji Arikawe, ThriveAgric saw rapid growth, reaching $73.26 million in revenue by 2022 and maintaining a 120.1% annual growth rate, despite facing significant challenges.
Naspers, Africa’s largest company with a market value of R717 billion ($39 billion), has named Fabricio Bloisi as its new CEO.
Bloisi will officially take on the role on July 1, replacing interim CEO Ervin Tu. Currently, Bloisi is the CEO of iFood, a Brazilian food delivery company under Naspers' portfolio.