Tag: Technology

MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN considers banking licences to take on lenders across Africa

MTN Group plans to secure full banking licences across Africa to accept deposits, lend directly, and rival traditional commercial lenders.

Omokolade Ajayi Omokolade Ajayi
Sabvest Capital expands South Africa investments with Frogfoot, Vox stakes
BusinessTechnology

Sabvest Capital expands South Africa investments with Frogfoot, Vox stakes

Sabvest Capital will invest $47 million for an 8.97% stake in Frogfoot and Vox, expanding its exposure to South Africa’s fibre market.

Oluwatosin Alao Oluwatosin Alao
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN Rwanda’s half-year profit more than triples to $11.7 million on mobile money, data growth

MTN Rwanda more than tripled first-half profit to $11.7 million as Mobile Money and data revenue increased, while lower finance costs and tighter spending boosted earnings.

Omokolade Ajayi Omokolade Ajayi
Globacom
TechnologyBusinessHot News

Glo launches Gloria AI assistant amid network expansion and subscriber growth

Globacom launches Gloria AI assistant as network expansion supports subscriber growth, with the telecom operator adding 1.2 million users in May.

Omokolade Ajayi Omokolade Ajayi
Globacom
TechnologyBusinessHot News

Glo leads Nigeria’s telecom market with 1.2 million new internet subscribers in May

Globacom led Nigeria’s telecom operators in May, adding 1.2 million internet subscribers as the country’s total user base rose to 157 million.

Omokolade Ajayi Omokolade Ajayi
TechnologyBusinessHot News

Senegalese financier Ibrahim Sagna-led Silverbacks invests $37 million in Lagos-founded Moove

Silverbacks Holdings invests $37 million in Moove, scaling its stake to over $62 million as the mobility giant expands.

Omokolade Ajayi Omokolade Ajayi
African electric mobility company Spiro.
TechnologyBusinessHot News

Spiro opens seventh Rwanda battery swap hub after securing $270 million funding

Spiro expands its Rwandan battery-swapping network with a seventh mega station, leveraging $270 million in funding to power African electric transit.

Omokolade Ajayi Omokolade Ajayi
British-Nigerian entrepreneur Ladi Delano
TechnologyBusinessHot News

Ladi Delano’s Moove hits $2.1 billion valuation after $250 million funding

Ladi Delano's Moove hits a $2.1 billion valuation after securing $250 million to power driverless vehicle infrastructure across global markets.

Omokolade Ajayi Omokolade Ajayi
Pretoria-born Elon Musk
TechnologyBusinessExclusive

Elon Musk’s SpaceX revenue jumps 92% to $7.8 billion, beats expectations

SpaceX revenue climbed 92 percent to $7.8 billion, beating estimates as Starlink expanded despite heavy AI infrastructure spending.

Omokolade Ajayi Omokolade Ajayi
Airtel Africa Plc
TechnologyBusinessHot News

Airtel Africa profit climbs to $198 million as revenue tops $1.85 billion in first quarter

Airtel Africa posts $198 million profit as quarterly revenue rises above $1.85 billion on strong data and mobile money growth.

Omokolade Ajayi Omokolade Ajayi
OPay
TechnologyBusinessHot News

OPay eyes one billion users as technology push drives faster payments

OPay targets one billion users after boosting payment speeds, fraud protection, and system reliability worldwide.

Omokolade Ajayi Omokolade Ajayi
Flutterwave logo representing Africa’s most valuable tech unicorn.
TechnologyBusinessHot News

Circle backs Flutterwave after Ripple deal valued the fintech at $3.3 billion

Following a Ripple deal valuing it at $3.3 billion, Flutterwave secures Circle backing to embed digital dollar settlements across its network.

Omokolade Ajayi Omokolade Ajayi