Bolt, an all-in-one mobility app has announced a $2.71 million (N1.25 billion) pledge to empower more women to drive with Bolt and other ride-hailing platforms. The pledge forms part of a new campaign launched by Bolt called ‘Women at the Wheel’ which seeks to address the under-representation of women in the mobility sector and help …
The Nigerian media industry would need to evolve a new business model to be sustainable in the digital era, says Frank Aigbogun, publisher of BusinessDay. The reader revenue model and not the ad revenue model, he says, is the best model for the media industry. A reader revenue describes a business model in which some …
Bayobab, a fully owned MTN subsidiary, has completed a partnership with Africa50 to build a terrestrial optic fibre cable network connecting the Eastern shores of Africa to those on the continent’s Western region. The Project East2West will impact ten African countries including Nigeria over a period of three years, from 2023 to 2025. It will …
Itohan Iyoha, a 45-year-old teacher, was among the millions of Nigerians who thronged the streets to celebrate the victory of Muhammadu Buhari in 2015, when he was declared the winner of the presidential election. Little did she realise that eight years later, her N60,000 salary would no longer take her home. “It was quite challenging …
Netflix has been making headlines recently with its plans to expand across Africa. The streaming giant recently released its socio-economic report, showing how well it has done since making its way to sub-Saharan Africa in 2016. According to the report, the company invested a total of $175 million in South Africa, Nigeria, and Kenya from …
Payday, the leading Pan-African neobank issuing global (USD, GBP & EUR) accounts to Africans, has announced its re-entry into Rwanda, following the official launch of SpaceX’s Starlink in the East African country. The re-entry into Rwanda marks a significant milestone in Payday’s Pan-African and global expansion plans, as well as its burgeoning working relationship as …
AFEX, a leading commodities market player, announces the expansion of its annual Code Cash Crop into Kenya and unveils “Scaling Market-Led Solutions”, as the theme for the event which is set to hold in August 2023. The firm is also now accepting applications from talents in Kenya for the Ag-hackathon component of the event. Code …
WAGMI. Barely two years ago, this was one of the most popular social media slang. The term, which means We’re All Gonna Make It, was a bold declaration that crypto would enrich everyone who actively participates. Everyone who didn’t believe in this dream was supposedly NGMI (Not Gonna Make It). Predictably, Africa was not left …
In case you missed it, here are three major stories from Africa’s business landscape this past week: Twitter removes ‘legacy’ verified blue ticks Last Thursday, many Twitter users said goodbye to its ‘legacy’ blue ticks following Elon Musk‘s controversial decision to switch up the platform’s verification system. Previously Twitter’s verification system aimed to ensure that …
It’s been a long 220 days since Kenya inaugurated a new president. Although we predicted William Ruto would face a tough job, the burden seems even heavier. The administration has been under immense pressure for several matters, with finance taking the front seat. Kenya’s government is facing a financial crisis. They have not paid their …