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.
Wema Bank Boosts Security with Facial Recognition Tech Following ₦685 Million Fraud Loss
By integrating these solutions, Wema Bank can now handle both onboarding and authentication across multiple channels from a single platform.
Uber and Bolt Claim Kenya’s Economic Presence Tax Puts Business at Risk
Ride-hailing companies Uber and Bolt warn their operations in Kenya could become unsustainable if the parliament passes a proposed 6% Significant Economic Presence (SEP) tax outlined in the Finance Bill 2024.
Bolt Suspends 6,000 South African Drivers for Misconduct, Following Nigerian Suspension
Public outrage and threats of lawsuits have pushed companies like Bolt to take action.
Canal+ Moves Forward with MultiChoice Acquisition Offer
Previously, Canal+ owned 35% of MultiChoice but has been increasing its stake by purchasing shares on the open market.