The Federal Government of Nigeria allegedly seeks to Award revenue collection to SICPA, a global provider of security inks and secured identification company, which has been convicted and fined CHF 81 million ($90 million) for organisational deficiencies by the Swiss Office Of The Attorney General (OAG), as the OAG finally concluded its investigation and produced …
JumiaPay, a digital payments, and fintech platform has announced its partnership with Trove Finance, an investment platform in Nigeria. This partnership enables Trove’s customers to leverage JumiaPay to fund their investment accounts, providing a seamless and convenient way to manage their investments. Trove has integrated JumiaPay as a payment partner, making it more convenient for …
Chimezie Emezulu, chief executive officer (CEO) of Seamfix Seamfix Limited, an enrolment and identity verification firm has partnered with Mvine, an orchestration service provider to deliver a new range of digital identity services interoperable across international borders. This aims to deliver fast enrolment of new customers and identity verification (IDV) checks of Africans in the …
Airtel Africa has launched a new brand campaign focused on building a deeper emotional connection with young people in Nigeria and other African countries. The campaign called ‘Reason to Imagine’ according to Airtel is driven by the insight that in Africa, imagination is the only qualification that matters and showcases the company’s role in harnessing …
Nigeria’s currency has depreciated by 57.45 percent against the dollar on the official foreign exchange market in the eight-year tenure of President Muhammadu Buhari. Buhari, who will leave office in less than two weeks, had in 2015 promised that his administration would help stabilise the naira. At the Central Bank of Nigeria’s (CBN) official window, …
From approving multibillion-naira contracts to signing deals, there are a series of last-minute economic decisions by Nigeria’s outgoing president, Muhammadu Buhari, that are expected to turn out to be a quagmire for his successor, Bola Tinubu. The administration of Buhari, who will hand over on May 29, has taken several major decisions in recent weeks. …
Photograph — Financial Tribune The African tech ecosystem has grown exponentially, with many governments and private organizations making efforts to support its development. Policy plays a crucial role in shaping the ecosystem, as it can create an enabling environment for tech entrepreneurs to thrive, attract investment, and promote innovation. Little wonder several tech-vibrant countries on …
2023 began with a mixed bag of celebrating another record year for startup funding, Africa’s first AI startup acquisition, and licking wounds from a layoff wave. Since then, we’ve seen more events than we bargained for in African tech. Nigeria’s artificial cash scarcity opened a door for fintech, Flutterwave reportedly suffered a hack, and we …
Here are three major stories from Africa’s business landscape you should keep in mind this week. A palliative for fuel subsidy Last week, Nigeria announced its intention to utilize an $800 million loan it obtained from the World Bank as a form of palliative measure, as the nation gears up to gradually eliminate fuel subsidies. …
The streets of South Africa have been pulsing with the sound of Amapiano for years, despite the dance challenges that are currently taking TikTok by storm. Amapiano is a distinctive and fascinating musical style that developed in South Africa’s townships. It fuses traditional African music with contemporary electronic beats. Amapiano can be compared to the …