Netflix Raises Subscription Fees in Nigeria
By periodically revising subscription fees, Netflix aims to reflect the value of these improvements to their members.
ByteDance Pulls Plug: LetsChat Messaging App Shuts Down in Africa
In 2022, the app's teams visited various Nigerian schools to encourage students to use the platform, but this wasn't enough to sustain its growth.
Hydrogen, Access Holdings’ Fintech Arm, Turns Profit After Two-Year Run
Access Corporation's tech division, Hydrogen, which belongs to Nigeria's largest bank, made a profit of ₦161 million in 2023.
South Africa’s Richest Black Man Patrice Motsepe Joins Canal+’s MultiChoice Bid Talks
Motsepe is worth $2.4 billion, says Forbes. He started Ubuntu-Botho Investments and African Rainbow Capital (ARC).
Leatherback Teams Up with YES BANK to Ease Money Transfers to India
This collaboration serves as a link fostering economic growth and cultural exchange, empowering communities in India and Africa by providing better financial access and connectivity.
BasiGo Secures $3 Million Funding to Ramp Up Bus Production Across East Africa
This financial injection, shared by CFAO Kenya and Mobility54, aims to support BasiGo's efforts in manufacturing electric buses for Kenya and Rwanda.
Canva Acquires Affinity Suite to Challenge Adobe in Design Software Market
Affinity, a company with 90 talented folks, will be joining Canva's family.
Meta Expands Monetization Opportunities for Nigerian Creators in Africa Initiative
This initiative follows a successful program called "Ads on Reels" launched in 2023 in the USA, Australia, Canada, and South Korea.
Zimbabwe Plans Launch of Three New Satellites into Space
These satellites will mainly keep an eye on Zimbabwe, providing important data for things like agriculture and mining.
Visa and ACCOSCA Collaborate to Expand Financial Access in Kenya and Tanzania
This collaborative effort aims to address the longstanding issue of limited financial access in the region.