NALA has secured an International Money Transfer Operator (IMTO) license from the Central Bank of Nigeria (CBN), alongside a direct integration into the Nigeria Inter-Bank Settlement System (NIBSS). The expansion into one of the continent’s most competitive markets marks the 14th licence secured by the company globally. Founded in Tanzania, the firm now has a […]
Read MoreAfrica’s developer community is expanding faster than anywhere else in the world, new Boston Consulting Group (BCG) analysis shows, underscoring the continent’s growing influence in global technology creation. Although the continent currently has 4.7 million developers – far fewer than regions such as Asia with 73.9 million and Europe with 27.5 million – the talent base has […]
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Zedcrest, an expert in financial solution services provision for everyone is tapping her foot on the ground announcing that in the last 13 years of existence as a corporate leader in the Nigerian financial services market, it has grown to become a full-service household name. The excited Founder and Group Managing Director of the Zedcrest […]
Read MoreNigeria needs the right support system for the country exceed the currently valued at over $9 billion of the creative industry in the coming years and to eventually put it at $13 billion. Already, the National Information Technology Development Agency (NITDA), have assured of its commitment to advancing Nigeria’s creative and arts industry through targeted […]
Read MoreThe MTN Group has pledged to absorb 2,762 employees from IHS Towers as part of its planned $2.2 billion acquisition of the infrastructure company, in a move that signals a major shift in how Africa’s largest telecom operator manages its network assets. The company said it will guarantee salaries, bonuses and core benefits for all […]
Read MoreMastercard has entered a definitive agreement to acquire BVNK, a stablecoin infrastructure firm, for up to $1.8 billion, including $300 million in contingent payments. In a statement, the payments company said digital assets powered by blockchain technology have the potential to make money movement faster and smarter. It notes that while nascent, today digital currency payment use […]
Read MoreAfrica’s fintech sector is entering a defining decade. Fintech revenues could grow from roughly $10 billion in 2023 to $47 billion by 2028, yet nearly 300 million adults remain unbanked, highlighting both the scale of the opportunity and the urgency of getting the regulatory environment right. For investors, policymakers, and entrepreneurs, the message is unmistakable. […]
Read MoreThe MTN Group and China telecoms giant, Huawei have signed partnership deal to deploy more artificial intelligence driven telecom networks across Africa as both companies push deeper into next-generation connectivity and digital infrastructure. This development is coming on the heels of a planned telecoms event, West Africa Telecoms Infrastructure Summit (WATISE 4.0 and Awards), holding […]
Read MoreThe MTN Group is concerned about the Middle Eastern, Ukrainian, and other conflicts, warning that if they continue, the growing geopolitical risks may have a negative impact on its operational environment and prospects, including the telco’s market outlook. The caution was issued this week by MTN Group CEO, Ralph Mupita, as he announced the company’s […]
Read MorePayments Forum Nigeria (PAFON), the country’s industry platform for digital finance stakeholders, is holding the third edition of its flagship event, PAFON 3.0. The high-level gathering is scheduled to take place on this April is bringing together the brightest minds in banking, fintech, and regulation. Under the central theme of exploring emerging trends, PAFON 3.0 […]
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