Lagos State Injects ₦1 Billion into Startup Funding and Innovation Research
This funding aims to diversify the economy, address local challenges, and establish Lagos as a leader in Africa's tech scene.
South Africa Mandates Licenses for Ride-Hailing Services
Previously, these ride-hailing companies operated in a legal grey area, using charter permits and metre taxi licences. Now, they must apply for official licences to operate in South Africa.
FIRS Drops Tax Evasion Charges Against Binance Executives
Despite the dropped tax evasion charges, Gambaryan will remain in custody due to pending money laundering charges from the Economic and Financial Crimes Commission (EFCC).
BlackRock to Withdraw $400 Million iShares ETF from Nigeria and Kenya
iShares explained that its board decided to liquidate the fund due to persistent liquidity problems in some frontier markets.
MultiChoice Reports $217M Loss as Nigerian Subscribers Drop to 8.1 Million
Economic issues in Nigeria and Ghana, such as devaluation and inflation, lowered consumer spending power and reduced the number of active subscribers.
Kenyan Court Overturns Order Forcing Wasoko to Rehire 9 Former Employees
Following the new ruling, both parties must prepare for a pre-trial hearing on the wrongful termination lawsuit filed by the former employees.
Adia Sowho Resigns as MTN Nigeria’s Chief Marketing Officer
Joining MTN Nigeria in August 2021, she infused the company with a ‘startup energy,’ transforming its Consumer Business unit, which saw over 20% year-on-year growth.
Kenya to Grant Payment Licenses: Flutterwave and Chipper Cash Poised to Lead
Companies like Flutterwave and Chipper Cash are eagerly awaiting these licences.
Copia Global Pursues New Funding Following This Week’s Layoffs
Copia assured employees they would be informed about potential job openings, showing the administrators' commitment to reviving the company.
Nigerian Fintech Startups Face $1 Million Bill for KYC Address Verification
These figures might be higher since some fintech executives didn't disclose their verification expenses.