Kuwaiti telecommunications giant Zain is set to become Syria’s newest mobile network operator after securing a licence to operate in the country, marking one of the largest foreign investments in Syria’s telecom industry since its political transition. Under the agreement, Zain will hold a 75% stake in the new telecommunications operation, while Syria’s sovereign wealth…
The Democratic Republic of Congo (DRC) has become the latest testing ground for blockchain-powered payments in Africa, as global payments giant Visa, mobile money leader M-Pesa, and pan-African payments company Onafriq launch a new stablecoin settlement pilot aimed at improving cross-border transactions. The initiative will test whether stablecoins, digital currencies pegged to stable assets such…
Nigerian fintech unicorn Flutterwave has publicly denied reports claiming that the Nigerian government approved a $75 million investment in the company ahead of a planned initial public offering (IPO). The reports alleged that the administration of Bola Ahmed Tinubu had approved the investment through government channels as part of preparations for Flutterwave’s anticipated public listing….
Meta Platforms has officially begun testing a paid subscription tier for WhatsApp, marking one of the biggest strategic shifts in the messaging platform’s history. The move signals Meta’s growing effort to diversify revenue streams beyond traditional advertising while introducing premium experiences for users willing to pay. The new subscription service, reportedly called WhatsApp Plus, started…
Nigeria is making another major attempt to reduce its dependence on imported smartphones by encouraging local manufacturing, with the federal government offering tax incentives and regulatory support to companies willing to establish smartphone production plants in the country. The initiative targets both international manufacturers, particularly Chinese smartphone brands, and local technology companies interested in setting…
Nigeria’s financial technology ecosystem is preparing for a major regulatory shift after the Central Bank of Nigeria (CBN) introduced a new directive requiring all payment transaction data generated within the country to be stored and managed on local servers. The directive affects commercial banks, fintech companies, payment service providers (PSPs), mobile money operators (MMOs), payment…
Key Point Details Government Proposal Kenya plans to commercialise up to 1,000 anonymised government datasets over five years Revenue Model Subscription services, licensing agreements, and Data-as-a-Service (DaaS) offerings Privacy Concerns Experts warn anonymised data could still be re-identified Government Position Officials insist no personal or identifiable data will be sold Economic Goal Generate new revenue…
In an era where most people are focused on reaching their destinations as quickly as possible, small acts of kindness often leave the strongest and longest-lasting impressions. Across Nigeria‘s ride-hailing industry, stories of honesty, empathy, and human connection continue to emerge, reminding people that transportation is about more than simply moving from one place…
Building a successful fintech company in Africa requires far more than a great idea. Many promising startups fail long before reaching the market due to challenges involving regulation, compliance, infrastructure, banking partnerships, and access to capital. Bankiffy aims to bridge that gap. Powered by Fuspay Technology Inc., the Bankiffy Fintech Accelerator (BFA) 2026 Cohort 1…
The eight-week investment readiness programme will equip 25 female founders with fundraising skills, mentorship, and the opportunity to compete for an ₦8.5 million prize pool at Wetech 2026. The Wetech Women Foundation (Wetech), in partnership with the UK-Nigeria Tech Hub through the UK Government’s Digital Access Programme (DAP), has announced the launch of the PitchHer…