Ido Sum is leaving TLcom Capital after 14 years, during which he supported top African startups like uLesson and Ilara Health, contributing to the firm’s growth in Africa’s tech ecosystem.
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More than 4,200 South Africans have given Uber one-star reviews on HelloPeter, citing poor service, unsafe drivers, and rising costs, echoing issues seen across Africa
Flutterwave UK reported a £2.27M loss in 2024, up from £485K in 2023, despite higher revenue. Rising admin costs, investment losses, and shrinking cash reserves drove the decline.
The initiative by Google aims to empower Africa’s next generation of leaders with the required skill sets to build locally and compete effectively on the global stage.
The committee will work with regulators and security agencies to assess crypto and POS risks, aiming to balance financial innovation with consumer protection.
Moniepoint reported a $1.2M loss in its first year in the UK. It also acquired Bancom Europe to fast-track its expansion across the UK and EEA markets.
From April 2026, Nigerian POS agents can work with only one principal under new CBN rules aimed at enhancing security, fairness, and transparency in agent banking operations nationwide.
Meta is close to settling a $32.8m fine with Nigeria’s Data Protection Commission, after being accused of violating user privacy through behavioural ads on Facebook and Instagram.
Youths in Morocco are using Discord, TikTok and Instagram as key platforms for protests against the government’s spending decisions.
AltSchool Africa has launched a new Nano-Diploma to give learners more flexibility after student complaints about its 12-month programme.
Ido Sum exits TLcom Capital after 14 years, having played a key role in shaping Africa’s tech ecosystem.
Uber says Nigerian drivers earned an additional ₦6.1 billion in 2023. The company highlights gains in incomes and tourism, though drivers continue to protest low pay, high fees and poor conditions.
Canal+ has completed its $2bn takeover of MultiChoice after regulators approved a new LicenceCo structure, cementing its position as Africa’s largest pay-TV operator.
Daniel Yu has stepped down as CEO of Wasoko after 11 years, following the company’s merger with MaxAB. He’ll stay on as an advisor while MaxAB’s Belal El-Megharbel takes over.
Google is expanding Internet access in Africa with four new subsea cable hubs and a $9m AI research boost, reinforcing its 20-year drive for digital inclusion.
MTN Nigeria will lease spectrum from T2mobile starting October 2025 in a deal linked to national roaming, marking a key move for both operators’ network strategies.
Katlego Maphai exits the CEO role after a decade, handing over leadership to co-founders Matshoba and Wattrus as Yoco enters a new stage of growth and operational focus.
A Nigerian-led phishing service, RaccoonO365, made $100K from fake Microsoft sites before being shut down. Microsoft seized 338 domains used to steal credentials from 94 countries.
PayU Kenya has shut down after six years, appointing a liquidator to wind up its operations in the country.
Zoho Nigeria posted 74.28% growth in 2024, down from 83.68% in 2023. While still strong, the slowdown signals Zoho must look beyond pricing to sustain its edge against bigger rivals like Google and Microsoft.
South African bank ABSA has named AWS its preferred cloud provider, enhancing their strategic alliance which began in 2015.