Roam Teams Up with Mogo to Streamline Electric Motorcycle Adoption in Kenya
A report says electric bikes are catching on in Sub-Saharan Africa, but startups need more support to thrive.
Binance Urges Release of Detained Executive Amidst Nigerian Crypto Crackdown
Binance underscores Gambaryan’s prior cooperation with Nigerian law enforcement in combating fraudulent activities, disclosing his team's contributions amounting to $400,000 in assistance.
CBN Revokes Cellulant’s Mobile Money License, Leading to Exit from Sector
Cellulant had already been planning this shift since 2021. They obtained a new licence from the Central Bank called a Payment Solution Service Provider (PSSP) licence, which allows them to offer payment solutions to businesses.
Kenyan Fintech Triply Chosen as Newest African Venture by Y Combinator
Moreover, Triply distinguishes itself by its commitment to fostering symbiotic relationships between travel businesses and local consumers.
Thepeer, Nigerian Fintech Startup, Shuts Down Operations
Another startup, Cova, did the same thing earlier this year. It shows that making fintech work in Africa is tough.
Yango Unveils ‘Cargo Express’ to Revolutionise Large-Scale Deliveries Across Africa
Available within the Yango app's Delivery section, Cargo Express boasts a diverse fleet of vehicles tailored to accommodate items of varying sizes and weights.
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).