Egypt
Egypt: Arab Bank launches fintech-focussed AB Accelerator in Egypt
Arab Bank launches the Egypt version of the AB Accelerator – a Fintech-focused corporate accelerator programme. Launched in 2018 in Jordan, the accelerator targets to ...
Ghana
Ghana: Jumia and Solar Taxi partner to enhance online orders
Africa’s top e-commerce marketplace Jumia Ghana has partnered with modern eco-friendly mobility company Solar Taxi to provide affordable and eco-friendly delivery of online ...
Intelligence
SA: Data breach costs skyrocket during pandemic – IBM report
According to an IBM Security study, data breaches in South Africa now cost businesses R46 million on average. This is the highest cost ...
Africa
African fintech OPay valued at $2B in SoftBank Vision Fund 2-led $400M funding
Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at ...
News
Nigeria: FIRS appeals court judgement on VAT, urges tax payers to maintain status quo
The Federal Inland Revenue Service(FIRS) has told taxpayers in the country to continue to pay their Value Added Tax (VAT) to it in ...
Nigeria
Nigeria: Shared mobility startup, Plentywaka raises $1.2 million seed round, acquires Stabus Ghana
Lagos and Toronto-based mobility startup Plentywaka has raised a $1.2 million seed round to scale its operations, a month after completing the Techstars Toronto ...
Nigeria
Nigeria: 25 banks’ profits drop by N482b as CBN restricts N9.5tr deposits
Twenty commercial banks and five merchant banks’ profits dropped by N482 billion in 12 months over N9.5 trillion cash restriction policy implemented by ...
Regulatory
SA: Financial authority suspends licence of ZAR X exchange
ZAR X faces possible cancellation of its licence in three months due to non-compliance with liquidity and capital adequacy requirements The Financial Sector ...
Regulatory
Rwanda: Regulator warns MTN over poor network connection
Rwanda Utilities Regulatory Authority (RURA) has ordered local telecommunications company MTN Rwandacell Plc to solve all problems related to its call services. In ...
Nigeria
Nigeria: Awabah accepted into Techstars London accelerator programme
Awabah, the Nigeria-based startup providing pension access to Africa’s informal sector, has been accepted into the Techstars London accelerator programme. The company broke ...