Nigeria
Foreign reserves gained $2.7bn in one month –CBN
The nation’s foreign reserves rose by $2.7bn in May after declining for several months, figures from the Central Bank of Nigeria showed on ...
Startup
Ugandan on-demand startup Logistify AI on a mission to address warehousing issues in Africa
Growing up in rural Uganda, Daniel Emaasit and Tobias Tukei helped their parents operate their family warehouse and farm. For more than 20 years they struggled to ...
Uganda
UGANDA – MTN and Airtel re-instate mobile money sending charges
Telecom giants MTN and Airtel have announced they will be re-instating their charges on sending money ending the suspension that was meant to ...
Rwanda
When Digital Payment Goes Viral – Lessons from COVID-19’s Impact on Mobile Money in Rwanda
A new report released by Insight2Impact showed that Peer-to-Peer transfers grew from Rwf10.7billon ($11million) on March 15, when the lockdown began, to Rwf24billion ($25.6million) a ...
Regulatory
UGANDA: Bill to regulate mobile money transactions gets committee’s nod
The Finance Committee of Parliament has approved a bill which seeks to provide for supervision and oversight of mobile money transactions. Currently, Uganda ...
Uganda
Ugandan fintech startup Eversend raises $706k in target-beating crowdfunding campaign
Ugandan startup Eversend, a digital-only finance platform providing cross-border money transfers among other services, has secured EUR634,000 (US$706,000) in investment through a Seedrs ...
South Africa
South Africa Insurtech startup Inclusivity Solutions Raises $1.3m Funding
South African insurtech startup Inclusivity Solutions has raised US$1.3 million in the second tranche of its Series A funding round to help it ...
Nigeria
Telecommunications facilities now National Critical Infrastructure – ICT Minister
The Minister of ICT Pantami, in a statement, Tuesday said, the Nigerian telecommunications industry depends on a number of infrastructure that plays a ...
Africa
African ICT Foundation calls for partnership on Artificial Intelligence
The African ICT Foundation has called on institution, organization, startups and individuals who have expertise in the creation of intelligent drones, intelligent robots ...
Nigeria
ICT lifts Nigeria’s GDP by 14.07% in Q1 – NBS
Nigeria’s ICT sector has continued to impact tremendously on the Nations Gross Domestic Product (GDP) with a remarkable 14.07% contribution in the first quarter of ...
