Latest News
Safaricom Must Pay $10.8 Million After Court Rules M-Pesa Stole a Kenyan Inventor’s Idea
Kenya's High Court found that Africa's most valuable telco lifted a mobile wallet concept from an independent developer — and didn't even bother to ask permission
Kenya’s $1 Billion Data Center Project Stalls Due To Lack of Power Capacity
A $1 billion Microsoft data centre dream just collided with a hard reality: you can't build the AI future on a grid that can barely keep the lights on
Ghanaian Lawfirm Sam Okudzeto & Associates Partners With Eskwai To Integrate AI Into Their Legal Workflow
Eskwai's partnership with Sam Okudzeto & Associates signals that legal AI has crossed from novelty to necessity in Ghana's top-tier legal market
Mastercard Bets on Stablecoins for Africa’s Broken Payment Rails By Partnering With Yellow Card
The card giant is partnering with Yellow Card to pilot stablecoin payments across Ghana, Kenya, Nigeria, South Africa, and the UAE
Nigerian Fintech Fincra Acquires Payment License To Operate in Ghana
The Nigerian fintech secured a Bank of Ghana EPSP licence, giving it direct access to mobile money rails, remittance termination, and B2B payments
BFREE Closes Growth Round to Accelerate Its Pan-African Distressed Debt Business
Growth equity round backed by leading African private equity and venture capital investors positions BFREE for significantly expanded portfolio acquisitions and geographic growth
Letshego Sells Its Operations In Ghana and Four Other African Markets
Letshego is selling its operations in Uganda, Ghana, Tanzania, Nigeria, and Rwanda to Axian Digital Venture Holdings — a bet that less can mean more.
Rwanda Just Closed A Tax Loophole Which Will Now Enable It To Tax Online Services Like Netflix
A sweeping new law makes Google Ads, Netflix, cloud hosting, and online courses taxable — and forces banks to collect the bill
Softbank-Backed OPay Prepares for IPO; Hires Citigroup, JPMorgan, and Deutsche Bank
By enlisting Citigroup, JPMorgan, and Deutsche Bank, OPay is signaling to the market that it is ready for the scrutiny of the Sarbanes-Oxley era. The choice of these three specific firms is a calculated 'triangulation' of global finance
Amazon Applies for Licence In Kenya To Rival Starlink with Its Leo Competitor
After clearing regulatory hurdles in Nigeria, Project Kuiper is now targeting East Africa — and it's about to collide head-on with Starlink