African startups raised a total of $145.85 million in April 2026, reinforcing investor confidence in sectors driving the continent’s digital and economic transformation. Funding activity during the month showed strong momentum across renewable energy, fintech, aviation, electric mobility, agricultur
The latest financial results from Airtel Africa highlight a major transformation quietly reshaping Africa’s financial system: telecom operators are increasingly evolving into large-scale digital financial institutions. With Airtel Money now serving more than 54 million active users across Africa, th
The National President of the Association of Mobile Money and Bank Agents in Nigeria, Dr. Obioha Oti, has described agency banking as Nigeria’s most critical last-mile channel for achieving meaningful financial inclusion. The AMMBAN national president stressed that millions of Nigerians, particularl
In a move to strengthen ties with Nigeria’s premier travel professionals, the Yemisi Shyllon Museum of Art, Pan-Atlantic University, recently hosted the leadership and members of the Nigerian Association of Tour Operators on a landmark familiarization. The visit aimed at strengthening cultural touri
Canvas, an e-learning platform went offline after a data breach last week, raising probing questions on the safety of shared infrastructures. The breach temporarily left students and faculty at thousands of U.S. colleges, and K-12 schools, without access to course materials and communications during
The Federal Ministry of Communications, Innovation and Digital Economy has declared that the conditions necessary for improved telecom service delivery in Nigeria have now been established, placing renewed responsibility on network operators to significantly improve quality of service across the cou
ARPU measures how much telecom operators earn per subscriber and is a key indicator of whether revenue is sufficient to cover operating costs and fund network investments.
In today's edition: Glovo opens head office in Nairobi || Egyptian fintech Valu becomes an SME lender || South Africa’s IT agency gets new board || Airtel revenue per user climbs in Nigeria
Every bank transfer exposes pieces of personal information that fraudsters can use over time. Flex, a Nigerian fintech startup, believes replacing account numbers with paytags could help reduce fraud by masking users’ identities during transactions.
Airtel Africa is rapidly deepening its position in Africa’s fintech ecosystem, with its mobile money platform, Airtel Money, surpassing 54 million active users as digital payments adoption accelerates across the continent. The telecom group disclosed in its FY2026 results that Airtel Money’s custome
Kenya’s biggest telecom operator Safaricom PLC posted annual net income of more than $770 million on Thursday, helped by strong growth in its mobile money and data businesses as losses from its Ethiopia expansion narrowed. The company said net income for the year ended March 31 rose to 100 billion K
