Vodacom Group’s revenue rose nearly 11% to R81.6 billion (≈ $4.7 billion) as customers hit 223 million, driven by strong South African and Egyptian growth despite pressure in prepaid segments.
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Vodacom posted strong interim results, with revenue climbing 11% to R81.6 billion ($4.7 billion) and customer numbers reaching 223 million, driven by solid growth in South Africa and Egypt.
New policies aim to modernise Nigeria’s IP system, expand digital trade under AfCFTA, and empower local innovators through stronger legal and financial frameworks.
Nigeria’s Senate has passed a bill to speed up the shift from petrol cars to electric vehicles for its second reading. The bill outlines plans for tax incentives, mandatory charging stations, and local EV production.
Ventures Platform secures $64 million in first close backed by the Nigerian government, IFC, BII, and Michael Seibel, as it expands investments across Africa.
Fintech giant Revolut names Yacine Faqir to lead Morocco operations as it eyes North African growth.
Chowdeck, Nigeria’s food delivery and logistics startup, has hit a major milestone of 1 million monthly orders.
MTN Nigeria rebounded to a ₦750.2 billion profit after tax for the nine months ended Sept 2025, after two years of losses. Boosted by Naira gains, easing inflation, and a 57.5% rise in service revenue to ₦3.7 trillion.
Flutterwave is set to begin stablecoin payments on the Polygon blockchain. The fintech will begin a pilot that will allow merchants to use USDC for cross-border transactions.
Chams Holding’s revenue fell sharply in Q3 2025, though improved efficiency helped limit profit losses. The company now faces pressure to rebound and match last year’s strong growth momentum.
In a dramatic turn in the Please Call Me dispute, South Africa’s Constitutional Court has ordered Kenneth Makate to pay Vodacom R13 million in legal costs, reversing his earlier victory in the Supreme Court.
Nigerian crypto exchanges control only a small share of the local market, as international platforms and peer-to-peer (P2P) channels dominate nearly 90% of trading activity across the country.
Powered by Techpoint Africa, Understand African Markets is designed to help the African diaspora understand how to navigate Africa’s unique markets, build scalable solutions and attract investment.
Ghana’s proposed Domain Name Registry Act could make .gh domains mandatory for all businesses, with fines and sanctions for non-compliance.
Airtel Africa bounces back with $376m profit in H1 2025, riding Naira gains and booming data and mobile money growth.
Africans work far longer hours than Europeans to afford Netflix. A new Cloudward report shows residents in Rwanda must work over four days for a standard plan, while Norwegians need just 24 minutes
85% of Nigerian crypto investors earn below ₦250,000 monthly. According to a new report, most crypto investors in the country are students, self-employed, and freelancers.
Moniepoint has raised an additional $90 million in its Series C round, attracting investors like Visa and Google as it expands its banking services in Nigeria and the UK.
An AWS outage has disrupted services for African businesses like Bamboo and Raenest. Global platforms, including Snapchat and Canva, were also affected
ChatGPT subscription price for Nigerians will now increase as OpenAI complies with VAT Act. Users will now include tax identification number to pay for the service.
Nigeria’s civil servants will now start learning how to use AI for their work. Google and Apolitical have partnered with the government to create the AI Government Campus.