Last month, two of the world’s richest and most influential men, who happen to run rival social media networks, appeared to goad each other into agreeing to a fight, setting their platforms abuzz at the notion of a “cage match” between the billionaires. It was supposed to be, in many ways, the ultimate cage fight. …
There’s a modern axiom that says we’re all living in a global world, where the internet has empowered citizens of every nation in the world to connect with each other instantly. But for many individuals and businesses in Africa, that’s never been true. But Olugbenga Agboola is changing that. As the founder of Flutterwave, a …
The more than a million banking agents that have embraced Point of Sale (PoS) terminals of operators like OPay, PalmPay, and Moniepoint would not give them up any time soon. However, many of the agents are grappling with the rising cost of operations on these platforms and this contributed to the latest decision to increase …
Over the years, successive governments in Nigeria have embarked on several infrastructure projects seen as critical in driving economic growth. However, much still remains to be done. In the eight years of Muhammadu Buhari, for instance, available record shows that about N27.82 trillion was budgeted for infrastructure, which represents a small fraction of the $2.3 …
Sanusi Lamido Sanusi, former governor of the Central Bank of Nigeria, has affirmed that the ruling of the Bankers’ Committee regarding the contentious issue between Ecobank Nigeria Limited and Honeywell Group over an alleged N5 billion debt still stands. Sanusi said the Bankers’ Committee, acting as a consensus-based body, has the authority to make binding …
Africa has some of the world’s most significant, yet, untapped resources such as solar, hydraulic and geothermal energy. While some of these resources are scattered across the continent, most are found in huge deposits around the Northern, Southern and Eastern regions. According to comments by Makhtar Diop, Managing Director, IFC, in the recently concluded Africa …
Attracting and then retaining the best staff is no easy feat, especially for smaller organizations. You will need a robust strategy for each challenge – one for signing on new staff to fill your vacant job positions and another to keep them and all your staff happy. This article focuses on how to formulate a …
OPay and Palmpay, two Chinese-owned digital banking platforms, are leading the Point of Sale (PoS) market in Nigeria, with both accounting for over a million mobile banking agents. OPay, a fintech company that started business in 2018 following an acquisition of a local payment platform, now leads the PoS market with 563,262 agents, according to …
Flutterwave, Africa’s payment technology company, has launched Tuition, a new product that allows users conveniently pay various fees to educational institutions within Africa and overseas using their local currencies. The educational institutions available for Tuition include high schools, universities, colleges, and some global edutech platforms. Tuition by Flutterwave is designed to solve the challenges in …
Egypt is emerging as the tech powerhouse in Africa with new data showing it has dethroned Nigeria to emerge as the ecosystem that has secured the most funding from June 2022 to June 2023. This is an indication that venture capitalists and private equity firms which have flocked to Africa in recent years to take …