Nigerian Logistics Company Renda Raises $1.9 Million in Pre-seed Round to Expand Across Africa

Nigerian logistics startup Renda, secures $1.9 million in pre-seed round to expand its end-to-end fulfilment solutions across Africa.  Per the company’s announcement, the $1.3 million equity investment was spearheaded by Ingressive…

Zimbabwe’s Newly Launched Currency ZIG, Faces Low Acceptance by Citizens

Reports have revealed that the newly launched Zimbabwe currency the ZIG, which was introduced in early April, has been plagued with low acceptance by Zimbabweans. In late April, the Central…

Zenith Bank Shareholders Endorse Transition to HoldCo Structure

Zenith Bank Plc shareholders have given their unanimous approval for the bank’s restructuring into a holding company. The decision was reached during a court-ordered Extraordinary General Meeting (EGM) held on,…

MTN Nigeria Fintech Records Marginal Revenue Increase in Q1 2024

The fintech arm of MTN Nigeria recorded a marginal revenue increase of N22.8 billion in the first quarter (Q1) of 2024, which is coming amid a pre-tax loss of N575.69…

Unimpressive Q1 2024 Result: MTN Nigeria Committed to Stay Resilient Amid Challenging Operating Environment

MTN Nigeria has expressed commitment to stay resilient amid tougher economic weather and a challenging operating environment after it delivered an unimpressive first quarter (Q1) result. The company recently released…

Twiga Foods Announce Charles Ballard as New CEO

Kenyan Agritech B2B platform that connects farmers and retailers, Twiga Foods, has announced the appointment of former Jumia CEO Charles Ballard to serve as CEO of the company. Ballard’s appointment…

Standard Chartered Bank Appoints Dalu Ajene as New CEO 

Nigeria’s leading  international cross-border bank connecting the world’s most dynamic markets, Standard Chartered bank has announced the appointment of Dalu Ajene as new CEO. Ajene takes over from Lamin Manjang, the…

Nigerian Passport Ranked Amongst The Worst Top 10 Travel Documents Globally

The value of the Nigerian passport has continued to remain at the bottom level, after it was ranked amongst the tenth worst travel documents globally, ranking 191 out of 199…

How Smartphone Adoption And Local Talent Are Powering Africa’s Gaming Renaissance

The African gaming industry is experiencing a remarkable expansion, fueled by the widespread adoption of smartphones and a growing interest in mobile games. Indigenous game developers are taking center stage,…

Breaking Barriers: How Mobile Banking is Bridging The Gender Gap in Financial Inclusion

According to data from the World Bank’s Global Findex Database 2021, there has been notable progress in female financial inclusion over the last decade. The gender disparity in formal financial…