Egypt
Egypt: B2B e-commerce startup Capiter removes co-founders for “inability to fulfill duties”
Stepping up to the plate is Majid El Ghazouli, Capiter’s CFO, who will act as interim CEO until the Nouh brothers “return and ...
Africa
Africa: Blockchain Payments startup Bitmama secures $2m Pre-seed to Grow its Operation in New Markets
US and African-based blockchain payments startup Bitmama Inc. have raised an additional $1.65 million, bringing its total pre-seed round to about $2 million. ...
News
Tanzania: Boomplay strikes deal with Tanzanian telco Tigo
Tanzanian telecommunications company Tigo has entered into a partnership with Boomplay to give its customers more access to music via the Africa-facing streaming platform. Representatives from ...
Ethopia
Ethopia: IFC buys Sh19.2bn stake in Safaricom Ethiopia
Safaricom and its partners in the Ethiopian venture will see their combined stake drop by up to 15.5 percent after the International Finance ...
News
Nigeria: NITDA Boss Canvasses Support for Nigeria’s Data Centre
The Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, has urged Amazon to consider investing in the data center in Nigeria ...
Nigeria
Nigeria: UBA Bolsters Earnings Performance, Profit Jumps to N70bn
United Bank for Africa (UBA Plc bolstered earnings performance in the first half of the financial year 2022, according to regulatory filling, top ...
News
Nigeria: Nigeria Gets N714bn from Company Income Tax
Nigerian government gets more than N714 billion from company income tax, according to the National Bureau of Statistics (NBS). In Nigeria, corporate tax ...
Africa
Africa: AfDB Issues €1.25 Billion Benchmark Social Bond
The African Development Bank (AfDB) has launched and priced a new 1.25 billion euros seven-year Global Benchmark transaction, in a Social Bond format, ...
News
Nigeria: Kippa Receives Licence to Operate as Super-Agent
Kippa, a financial management and payments platform, has obtained a Payment Solutions Services Licence from the Central Bank of Nigeria (CBN), to operate ...
News
Nigeria: Nigeria’s internet subscriptions hit 152 million in July 2022
Subscriptions for internet across mobile, fixed and VoIP networks in the country increased to 152 million in July this year. The latest industry ...