Emmanuel Paul

How Nigerian startups can handle rising inflation and operational costs in 2023

Nigeria's inflation rate in 2022 was 162% higher than the global average. In this article, we talked with experts to see how startups can cope with the rising costs of doing business in Nigeria.

Emmanuel Paul

4 days ago

Telecoms

Data Wars 2022: Nigeria’s mobile Internet space needs more competition

We dive deep into the data to see who is dominating Nigeria's mobile Internet market, and how it affects you.

Emmanuel Paul

2 weeks ago

Telecoms

UK’s Africell receives mobile money licence in Angola

Africa-focused telecom services provider, Africell has received a licence to operate its mobile money service, Afrimoney, in Angola. This could bring much-needed excitement to Angola's digital space after years of slow-paced growth.

Emmanuel Paul

3 weeks ago

Fintech

Who survives the VC funding winter and becomes Africa’s next unicorn in 2023?

Keeping up with what seems to be a yearly tradition, we brought in Adedeji Olowe, CEO of Lendsqr and Open Banking Nigeria trustee to look back at Nigeria’s fintech space in 2022 and cast our gaze into the new year

Emmanuel Paul

3 weeks ago

Telecoms

Telecel Group to acquire Vodafone’s operations in Ghana

Telecel Group has received approval from the National Communications Authority (NCA) to purchase Vodafone Group's operations in Ghana. The acquisition will transfer Vodafone's 70% stake in Ghana Telecommunications Co to Telecel.

Emmanuel Paul

3 weeks ago

Telecoms

Africa is not ready for 5G, but experts say it needs to keep pushing

African countries might be issuing licences, and telcos might be marketing aggressively, but the data shows Africa only ticks one box for 5G readiness. We take a closer look at the numbers and insights from experts to determine if you should care about 5G in Africa.

Emmanuel Paul

4 weeks ago

Telecoms

Airtel acquires 5G, 4G spectrums for $317 million to offer 5G services in Nigeria

Airtel has acquired 5G and 4G spectrums for $316 million to support its plan to launch the 5G network and expand its existing 4G footprint in Nigeria. Airtel will now compete with licence holders, MTN, in the race to dominate Nigeria’s young and tough 5G market.

Emmanuel Paul

4 weeks ago

Startups

9 African startups graduate from Techstars Toronto 2022 Winter cohort, as its Africa portfolio reaches 29

Techstars Toronto announces the graduation of nine African companies from the winter 2022 cohort of its accelerator program. The companies represent a range of industries and will receive funding, mentorship, and access to a network of entrepreneurs. #techstars #startup...

Emmanuel Paul

2 months ago

Telecoms

Equinix to invest $160 million in South Africa Data Centre after acquiring Nigeria’s MainOne

Equinix plans to invest $160m in its first African data centre in South Africa, targeting banks, content and media companies, and hyper-scalers. The move follows its acquisition of Nigeria's MainOne and aims to tap into the growing internet-using population in Africa.

Emmanuel Paul

2 months ago

Startups

Less than one month after ‘dismissing’ employees, mobility startup Moove announces raising $30 million — its 5th raise in 2022

Shortly after a quiet round of staff dismissals, Moove, a mobility fintech company, has raised $30 million in its fifth funding round of 2022, bringing the total amount raised this year to $181.8 million. It says the funds will be used to expand its EV fleet in the MEN...

Emmanuel Paul

2 months ago

Telecoms

6 ways the CBN’s cash withdrawal limit could benefit Nigeria’s telecom companies, from new revenue streams to increased customer penetration

Nigeria's telecoms companies can cash in on the CBN’s cash withdrawal limit, and it could open new revenue streams, partnerships, and products. Here are 6 ways they could aid and benefit from the move towards a cashless economy.

Emmanuel Paul

2 months ago

Governance & Policy

“We’ll build a future without financial barriers in Africa” says Kora CEO Dickson Nsofor, as Kenya drops money laundering allegations

Kenya has cleared Nigerian fintech, Kora, of money laundering charges. The startup’s CEO says the event has rekindled the company’s vision to build a unified payments infrastructure for Africa and reduce painful barriers

Emmanuel Paul

2 months ago

Governance & Policy

Nigeria’s President signs startup bill into law: Here’s what it means for tech companies, investors, and employees

Starting now, the startup bill will be known as the Startup Act 2022, and Nigerian startups could reap investments, tax breaks and tighter regulations.

Emmanuel Paul

4 months ago

Telecoms

Google is fulfilling its $1 billion Africa commitment, but its endgame lies somewhere in the cloud

Last year, Google announced plans to invest $1 billion in Africa over five years, and it has begun sharing progress reports. If like us, you’re asking what’s in it for Google, the answer lies somewhere in the cloud and a little close to your doorstep

Emmanuel Paul

4 months ago

If you want a free and open Internet, pay attention to Nigeria’s role with this relatively unknown UN agency

Nigeria has been re-elected to the International Telecommunications Union, a little-known body that decides the global fate of fundamental technologies like the Internet. If you lived through the Twitter ban in Nigeria, you should read this.

Emmanuel Paul

4 months ago

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