Africa
Africa: RevUp Women Initiative Awards $100k to 10 African Women Entrepreneurs
The RevUp Women Initiative recently hosted its highly anticipated Business Showcase under the theme “Investing in Women, Inspiring Futures.” Organized by AfriLabs and ...
News
Nigeria: CBN Focuses on Bank Recapitalization for Economic Resilience
Despite facing economic challenges that led Nigeria into recession in 2020 and drove inflation rates up to 31.7% by February this year, Nigerian ...
News
Nigeria: CBN Reports $950 Million Decline in External Reserves Over 17 Days
Nigeria’s foreign exchange reserves have witnessed a substantial decline, dropping by approximately $1.02 billion within a span of 18 days as the Central ...
Nigeria
Nigeria: Exclusion of Retained Earnings Poses Challenges for Nigerian Banks’ Recapitalization, Warns Moody’s
Moody’s Rating has cautioned that the exclusion of retained earnings from Nigeria’s deposit money banks’ (DMBs) capital base calculation will complicate recapitalization efforts ...
Africa
African Tech VC Funding Sees 51% YoY Drop in Q1 2024
Venture capital funding within the African tech startup ecosystem has encountered a significant downturn, as indicated by a recent report from BD funding ...
Regulatory
Tanzania Launches Data Protection Commission Ahead of Digital ID Implementation
Tanzania’s President Samia Suluhu Hassan has officially inaugurated the country’s Personal Data Protection Commission (PDPC), urging businesses and organizations handling personal data to ...
Kenya
Kenyan TravelTech Startup Triply Selected for Y Combinator Accelerator Program
Triply, a promising traveltech startup headquartered in Kenya, has secured a coveted spot in the prestigious Y Combinator accelerator program, marking a significant ...
Regulatory
South Africa to Probe Microsoft Over Cloud Computing Licensing Practices, Source Reveals
A South African antitrust agency is gearing up to launch an investigation into Microsoft regarding its cloud computing licensing practices, as disclosed by ...
News
Nigeria: NITDA Issues Fraud Alert: QR Codes Exploited by Scammers
he National Information Technology Development Agency (NITDA) has issued a crucial warning to Nigerians concerning the increasing threat posed by scammers utilizing QR ...
News
Nigerian Government Forms Technical Committee for iDICE Program Advancement
The Federal Government of Nigeria (FGN) has taken a significant stride by establishing a technical committee dedicated to overseeing the implementation of the ...