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Vitel Wireless Debut as First MVNO to Release Assigned Number Series from NCC

Vitel Wireless (Vitel) becomes the first Mobile Virtual Network Operator (MVNO) in Nigeria to be assigned a mobile number series by the Nigerian Communications Commission (NCC), marking a key milestone in the country’s telecoms industry. According to the company, the assignment of mobile number series 0712 to Vitel Wireless represents a watershed moment in Nigeria’s expanding […]

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Business

Nigeria’s Mobility Firm, Moove Acquires Brazilian Car Rental, Kovi as Annual Revenue Projected at $275m

Nigerian mobility company, Moove has finalised the acquisition of Brazilian car rental start-up Kovi in an all-share deal that will expand its Latin American operations. Moove, a mobility fintech sponsored by Uber that provides vehicle finance to ride-hailing and delivery app drivers on six continents, will now fully own Kovi. Ladi Delano, co-founder and CEO […]

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Business

Nigerian Fintech Lemfi Acquires Irish Currency Exchange Platform, Buttercrane & Mulls More European Expansion

LemFi, a Nigerian-born pan-African fintech founded by Ridwan Olalere and Rian Cochran, received approval from the Central Bank of Ireland to acquire Buttercrane, an Irish currency exchange platform. The acquisition comes as LemFi expands its international payment services, having entered the Brazilian and Mexican markets last year. In a statement issued on Wednesday, LemFi stated […]

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Business

AI Strategic Impact to Redefine HR in 2025, Says Expert

The year 2025 will be the year that human resources (HR) professionals will get real about what artificial intelligence (AI) means for their function, with a view towards moving beyond inflated expectations towards considering how AI tools can help them deliver tangible business outcomes.  That’s according to Sonia Tshabalala, Regional People Director at Sage Africa and […]

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Business

AFSUG and SAP to Host First-ever African Hackathon

The African SAP User Group (AFSUG) and SAP are teaming up to deliver the first-ever regional AFSUG SAP Business Technology Platform (BTP) Hackathon. Finalists will showcase their prototypes at SAPHILA 2025, the premier SAP user conference for Africa, where the winners will also be announced. SAPHILA, which will be held this year from 1 to 3 June […]

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Financial

Airtel Africa Records Impressive Financial Performance of  20.4% Revenue Growth as Customer Base Hits 163 Million

It was a resounding bells of a successful performance for the Airtel Africa Plc brand as recorded in its nine-month period ended 31 December 2024, which was released today. According to the pan-Africa telecoms operator, it grew its revenues of $3,638m by 20.4% in constant currency but declined by 5.8% in reported currency as currency […]

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Business

Chinese AI Laboratory DeepSeek Snuff $600bn from Nvidia Capitalization as Stock Price Crashes by 17%

Nvidia experienced an unprecedented single-day market capitalization loss of nearly $600 billion, with its stock price dropping 17% to close at $118.58. This event, triggered by the emergence of Chinese AI laboratory DeepSeek’s new open-source large language model, has sent ripples through the tech sector and raised questions about the future of AI hardware demand. […]

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Telecoms

Nigeria’s Telecoms Tariff Hike and NCC’s Commitment to Industry Sustainability

In the heart of Nigeria’s digital economy, a story of patriotism and resilience unfolds. The telecommunications sector, a driving force behind the country’s growth, has been facing unprecedented challenges. Despite its significant contributions to Nigeria’s social and economic development, the sector has been struggling to keep up with the rising costs of operations. For nearly […]

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News

 V&A Waterfront Leverages PropTech to Enhance Customer Experience

Property technology-or PropTech-is not new to South Africa, with the majority of real estate companies by now having adopted technology or software in some guise since it was first introduced in the 1990s. The post-pandemic landscape has not been without challenges for the real estate sector with high interest rates, loadshedding, escalating municipal costs and […]

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Business

Empowering Women with ICT Skills Will Break Traditional Barriers, Says Nigeria’s First Lady

Nigeria’s First Lady, Mrs Oluremi Tinubu, said the knowledge of ICT has the capacity to empower communities especially women and break traditional barriers affecting women’s economic empowerment and create new opportunities for the female gender. The wife of President Bola Tinubu who made the remark while commissioning another ICT Community Centre constructed by the National […]

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