In January 2021, the NCC licenced SpaceX to beam Starlink satellites signals to Nigeria, as well as a landing permit for up to 4,408 satellites. Per recent reports, it plans to secure a licence to ful…
Paystack expands to South Africa with plans to capture Africa’s eCommerce market
Almost seven months after a Stripe-led $200 million acquisition, Nigerian payments company Paystack, has expanded to South Africa. Boasting huge numbers, the company plans to capture Africa’s growing …
Valued at over $364 million, MTN’s Rwandan unit lists on the Rwandan exchange
MTN’s Rwandan unit, MTN Rwandacell, lists on the Rwandan stock exchange. With a starting price of $0.27 per share, MTN Rwandacell now has a market cap of $364 million per share…
Inside 2 decades of mobile telecommunications in Nigeria
In January 2001, two African telecom heavyweights contested for a share of Africa’s largest market. Twenty years later, @nifemeah and @eruskii look back on the spectacular milestones along the way.…
You can now buy and register new SIMs in Nigeria from April 19, 2021
Following a recent government directive, you can now buy and register new SIMs in Nigeria from April 19, 2021. Companies will now need a Telecom Master to register business lines. Find out more detail…
Nigeria’s GIG Logistics eyes more cross-border deliveries with UK launch
Fresh off strategic partnerships with global payments giant, Visa, Africa-focused GIG Logistics has announced its expansion to the UK. With this, the logistics giant wants to help merchants ship acros…
Nigeria’s SEC warns ‘unregistered’ investment-tech companies to cease offering securities
Nigeria’s Securities regulator wants ‘unregistered’ investment-tech platforms to cease offering securities to the public. Let’s explore the possible implications…
How private companies are changing the game for Nigeria’s NIN exercise
Nigeria is witnessing significant progress with its latest NIN exercise compared to previous years. Awkward timing and obvious side effects aside, @officialVMN CEO, @esigie, explains the role private …
African talent recruitment startup, TalentQL gets Techstars backing as it plans global expansion
African talent recruitment startup, @TalentQL, has entered @Techstars Toronto accelerator. From April 2021, the company will be kickstarting operations in East Africa as it plans global expansion. …
Nigeria, Egypt dominate as 10 African startups pitch on Y Combinator’s W21 Demo Day
10 African startups, predominantly from Nigeria and Egypt, featured in @ycombinator’s Winter 2021 batch demo day. This is slightly less than those selected in 2020, and it’s once more domi…
Jumia plans to raise millions by selling 18 million shares
Following a plan which began in July 2020, Jumia has listed 18 million shares for sale in order to cash out on its stock market rally. This comes barely three months after it raised $243m from a simil…
Nigerian fintech startup, Blueloop, gets YC backing as it plans global expansion
With plans to ease cross-border payments in Africa, Nigerian fintech startup, Blueloop has entered the @ycombinator W21 batch. Having recorded impressive growth since its launch in 2020, it’s doubli…
Nigerian digital bank, Kuda, secures $25m Series A, four months after raising $10m seed
Nigerian digital bank, Kuda, has raised $25m Series A led by US based VC firm, Valar Ventures. The round comes just four months after a record-breaking $10m seed round, taking its total funding to $36…
In conversation with Laurin Hainey, Fairmoney CEO, on global expansion and reducing Nigeria’s reliance on cash
Africa-focused digital lending company, Fairmoney, recently expanded to India. Nigerian-German CEO, Laurin Hainy, talks us through expanding to new markets and plans to eat market share from cash in N…
Nigerians will now pay ₦6.98 every time they use the USSD banking service
Following a resolution between @NgComCommission and @cenbank, Nigerians will now have to pay a flat fee of ₦6.98 for every USSD banking transaction. Much cheaper than the previous per session billing …
Nigerians, other African merchants can now accept PayPal via Flutterwave partnership
Nigerians, other African merchants can now accept payments from PayPal users across the globe as @theflutterwave partners @PayPal…
UPDATED: You may no longer be able to use your bank’s USSD service in Nigeria
You may no longer be able to use your bank’s USSD service in Nigeria, from Monday, March 15, 2021. Find out why.…
The list of confirmed speakers at Techpoint Digital Currency Summit 2021
From crypto startup founders to seasoned legal experts and financial/blockchain investigators, here’s the list of our speakers for the Techpoint Digital Currency Summit 2021…
Flutterwave becomes a unicorn, raises $170m at over $1 billion valuation
Flutterwave has raised $170m series C at over a billion dollar valuation. The fintech company joins the ranks of Jumia and Interswitch as Africa’s unicorns. The company reportedly eyes an IPO fo…
Nigerian cleantech startup, Havenhill, raises $4.6m
Nigerian cleantech startup, Havenhill, has raised $4.6m from Chapel Hill Denham Nigeria Infrastructure Debt Fund, to fund the construction of smart mini-grids.…
