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Adebola Makinde

MTN's MoMo to pay customers UGX 5.7 billion

MTN's MoMo to pay customers UGX 5.7 billion

Mobile Telecommunication Company MTN’s subsidiary, MoMo Uganda, a mobile money platform has scheduled to pay its Ugandan customers UGX 5.7 million ($1,496.95) for the second quarter (April to June) of 2022. Following the enactment of the National Payment Systems (NPS) Act, 2020, MTN Uganda’s telco

KoinKoin exceeds $40m, plans global expansion

Africa digital economy

KoinKoin exceeds $40m, plans global expansion

Africa’s digital assets exchange company, KoinKoin has revealed its plan for global expansion after it exceeded $40 million revenue in over-the-counter (OTC) transactions. The fintech company launched in 2017 by Ola Atose enables users to buy, sell and transfer digital assets round-the-clock across Africa, Southeast Asia and Western Europe

Flutterwave adopts eNaira as payment option in Nigeria

Flutterwave adopts eNaira as payment option in Nigeria

Africa’s leading fintech company, Flutterwave has announced the adoption of eNaira, Nigeria’s digital currency as part of its payment option asides cards, bank transfers, Barter by Flutterwave, etc — for merchants. The eNaira noted to be the first digital currency in Africa was launched on October 25 2021 as

SafeBoda launches new product to compete with existing ride-hailing companies

SafeBoda launches new product to compete with existing ride-hailing companies

SafeBoda has launched its new product, SafeCar, its ride-hailing service in Uganda and Nigeria. The product now serves as a competitor to existing taxi ride-hailing companies such as Uber, Little and Bolt in Nigeria and Uganda markets. Launched in 2017 in Uganda as its first market and first ride-hailing company

Janngo Capital’s first close of €60m fund to support African women

Janngo Capital’s first close of €60m fund to support African women

Pan-African Venture Capital (VC) company, Janngo Capital Startup Fund (JCSF), second investment vehicle of the management company has announced the first close of its €60m ($63 million) capital commitments at €34m ($36 million). This was after VC Investor, Founder & Executive Chair of Janngo Capital, Fatoumata Ba announced in 2019

Safaricom rolls out services in two Ethiopian cities

Safaricom rolls out services in two Ethiopian cities

Safaricom has expanded its customer pilot to two additional cities – Bahir Dar and Adama in Ethiopia which marks the 4th and 5th cities in the country to test the network. This is following Safaricom’s launch in Ethiopia in August 2022 and after it has rolled out its network in

Yellow Card hits 1 million users across 16 African countries

Yellow Card hits 1 million users across 16 African countries

Pan-African Cryptocurrency startup, Yellow Card has hit one million users across its 16 African countries – where it has launched its operations. Founded in 2016 by Chris Maurice, Justin Poiroux and Munachi Ogueke, the company aims to expand across the 54 countries on the continent to ensure seamlessness in the buying

Kippa raises $8.4m in seed round

Kippa raises $8.4m in seed round

Nigerian financial management app, Kippa has raised $8.4 million seed funding to help small and mid-size enterprises (SME). This comes after the company acquired payment solution service license (PSSL) from the Central Bank of Nigeria to act as a Super-Agent to its 500,000 merchants across 774 local governments

Bitmama closes pre-seed at $2m, allows surge in Africa’s cryptocurrency

Angellist Ventures

Bitmama closes pre-seed at $2m, allows surge in Africa’s cryptocurrency

Blockchain payment startup, Bitmama has raised additional $1.65m pre-seed fund bringing its total to $2m following its $350,000 initial pre-seed championed by Launch Africa Ventures, Unicorn Growth Capital, Adaverse and Flori Ventures in October 2021. The new round of investors included the ones from the initial pre-seed round

HelpMum receives $250,000 grant to deploy AI-enabled Immunization in Nigeria

HelpMum receives $250,000 grant to deploy AI-enabled Immunization in Nigeria

HelpMum, a Nigerian healthcare social enterprise committed to reducing maternal and infant mortality rate in Africa has received a $250,000 grant from the Patrick McGovern Foundation to ensure the combination of artificial intelligence (AI) with its vaccination tracker. According to the founder, Dr. Abiodun Adereni, the fund will be

In Nigeria, MultiChoice has no choice

In Nigeria, MultiChoice has no choice

Africa’s leading entertainment company, MultiChoice, is left with no choice in Nigeria than to switch to a pay-per-view (PPV) billing model against its monthly fixed subscription. This tussle has been between the Federal Government in the country and MultiChoice since 2020 when the entertainment company rebuffed the proposed pay-as-you-go

Opeoluwa Filani becomes Nigeria’s first Showmax General Manager

Opeoluwa Filani becomes Nigeria’s first Showmax General Manager

South African video streaming platform, Showmax has appointed Opeoluwa Filani as its General Manager – to lead its operations in Nigeria. Showmax was launched in South Africa on August 19, 2015 as a subsidiary of MultiChoice Group, a satellite television that operates DStv and GOtv – known for prioritising local contents and

Mekan Games’ The President inspired by ex-American President

Mekan Games’ The President inspired by ex-American President

Kenyan Developer, Evans Kiragu and his team at Nairobi-based video gaming company, Mekan Games developed a game called The President in November 2021 that now has markets in the US. This was fulfilled during a training co-hosted by mobile games developing company, Crazylabs and play and earn South African company,

Testing Waters: Inside Africa’s prolonged installation of 5G

Testing Waters: Inside Africa’s prolonged installation of 5G

* Round-up of 5G in African countries * Rise of virtually-enabled world * SA 5G temporary spectrum * MTV vs. ICASA * Nigeria’s religious views * Kenya and Ethiopia’s mobile phones adoption * China’s ZTE remote coronavirus diagnosis 5G network is the successor of 4G; the fourth generation technology and it has significant characteristics

Ghana to impose sanctions on unregistered SIM subscribers

Ghana to impose sanctions on unregistered SIM subscribers

Citizens who haven’t re-registered their Subscriber Identity Module (SIM) cards with Ghana (national) ID would face penalties issued by the National Communications Authority (NCA) from Monday, September 5. This was announced in a press release by the Ghana NCA’s twitter account. According to the body, voice and data

Ease of Telecom operations in Nigeria after suspension of proposed 5% excise duty

Digital Economy

Ease of Telecom operations in Nigeria after suspension of proposed 5% excise duty

The Nigerian government has suspended its plans of charging its telecoms industry excise duty fixed at 5 per cent. This was made effect due to concerns of the burden shift on consumers of telecom services since a 7.5 per cent Value Added Tax (VAT) was already in scheme – as

Nestcoin’s Metaverse Magna secures $3.2 million seed to build Africa’s largest crypto gaming community

Nestcoin’s Metaverse Magna secures $3.2 million seed to build Africa’s largest crypto gaming community

Metaverse Magna (MVM) has raised $3.2 million seed to build Africa’s largest gaming decentralized autonomous organization (DAO). It was incubated in partnership with Old Fashion Research (OFR), a multi-strategy blockchain investment fund. This was after Nestcoin procured a pre-seed fund of $6.45 million in February of this

Zipline partners with Jumia, launches drone package delivery in Ghana

Zipline partners with Jumia, launches drone package delivery in Ghana

Leading pan-African e-commerce company, Jumia has partnered with California-based Zipline on Thursday, September 1 to launch automated drone for on-demand delivery in Ghana. Zipline is a logistics company launched in 2014 known for delivering whole blood with medical products, including vaccines, infusions, and common medical commodities to countries such as

Vodacom becomes first to launch 5G technology in Tanzania

Vodacom becomes first to launch 5G technology in Tanzania

Vodacom Tanzania plc has launched 5G technology in Dar es Salaam. This was unveiled by the company’s Acting Managing Director, Hilda Bujiku in the presence of Minister of Information, Communications and Information Technology, Nape Nnauye on September 1. The subsidiary is a member company of Vodacom Group Limited, a

What Zanzibar Silicon Valley means for Zanzibar and other African governments?

What Zanzibar Silicon Valley means for Zanzibar and other African governments?

On Tuesday, August 30, the Government of Zanzibar announced the launch of ‘Silicon Zanzibar’ in partnership with Wasoko, a B2B e-commerce Company formerly headquartered in Nairobi, Kenya. The Wasoko innovation hub is developed to create an abode for tech companies across Africa. Previously known as Sokowatch, it was named Africa’