Tech Updates
Stay up-to-date with the latest advancements in technology with our Tech Updates segment.
Nigeria’s Stock Exchange Invests in Ethiopia’s First Ever Security Exchange
Ethiopia successfully secured $26.6 million for its first-ever securities exchange, the Ethiopian Securities Exchange (ESX), exceeding its initial target of $11.07 million. This...
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Baobab Network Acquires Reflector Marketing Agency
African venture capital (VC) firm Baobab Network has acquired the South African marketing agency Reflector Marketing. This strategic move strengthens Baobab’s support for...
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Hormuud Telecom launches 5G in Somalia
Somalia marks a turning point with the launch of its first 5G network, a significant leap forward as the country rebuilds its economy....
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Mono and Mastercard Team Up to Streamline Digital Payments in Africa
Nigerian open banking startup Mono has joined forces with Mastercard to revolutionize digital payments across Africa. This partnership allows users to make secure...
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Ghanaian Fintech Zeepay Secures $3 Million for Growth Surge
Ghanaian remittance and mobile money company Zeepay has secured a $3 million investment from Verdant Capital Hybrid Fund. This marks Verdant's fourth investment in...
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Thepeer Fintech Shuts Down as it Faces Compliance Issues
Nigerian fintech startup Thepeer has shut down its operations, citing challenges in achieving market traction. The company, founded in 2021, will return its...
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Kenya’s March Inflation Drops by 5.7% as KES Strengthens Against Dollars
Kenya’s year-on-year inflation rate dipped slightly in March 2024, offering a glimmer of hope. The rate fell to 5.7%, down from 6.3% in...
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Commercial Bank of Ethiopia recovers $10 million from its $14 million system glitch loss
South Africa's telecommunication industry is witnessing a significant change. Major players like Telkom, MTN, Vodacom, and Cell C are selling off their tower...
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