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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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Tanzania Bank to start selling dollar to commercial banks
Tanzania Bank to start selling dollar to commercial banks
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Egyptian Edtech Startup Sprints.ai Secures $3 Million to Fuel Expansion
Sprints.ai, an Egyptian AI-powered education technology company (edtech), has closed a $3 million bridge funding round. This round was led by Disruptech Ventures,...
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Kenya Airways Cut Losses, Wait for Profitability in 2024.
Kenya Airways records its first operating profit in seven years with revenue surge and 35% passenger traffic growth. Kenya Airways (KQ) is showing signs...
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ByteDance, Parent Company of Tik Tok Shuts Down LetsChat Messaging App in Africa
ByteDance, Parent Company of Tiktok Shuts Down LetsChat Messaging App in Africa
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Borderless Capital Acquires CTF Capital
Borderless Capital, a leading web3 investment firm, announced Tuesday the acquisition of CTF Capital. This move signifies Borderless’ first acquisition and marks its...
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MTN Bows Out, Exits 2 African Countries.
MTN departs Guinea-Bissau, and Guinea-Conakry after huge loss
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British Commercial EV Startup, Arrival Goes Bankrupt Before Making Sales
Shortly after receiving a delisting notice from NASDAQ for failure to file its 2022 annual returns, and almost losing all of its value,...
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