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Dozy Mmobuosi's Fictional Empire Faces A Costly Reckoning
Few stories have captured the attention of industry watchers as dramatically as the controversy around Nigerian businessman Dozy Mmobuosi over the past year. Once regarded, however self-promoted, as a savvy player in tech and finance, Mmobuosi's claims of a booming business empire have come cras
Starlink Expands Across Africa But Faces Bumpy Ride into South Africa
As Starlinks internet service continues to play a game of connect-the-dots across the African digital landscape, its journey into South Africa has been anything but smooth. Initially slated to launch in 2023, the Elon Musk-owned company finds itself stuck in a web of red tape and protra
Kola Ainas Ventures Platform Is Doubling Down On An Ambitious Gameplan
Ventures Platform , a prominent Pan-African early-stage venture capital (VC) firm, has released its 2023 Impact Report , offering a detailed examination of its role in the continents rapidly growing tech ecosystem. With a portfolio that spans 72 startups and over 126 founders across the
Wasoko MaxAB Set Sights Beyond E-Commerce As Mega-Merger Finally Closes
After months of negotiation and careful planning, Wasoko and MaxAB , two of Africas prominent B2B e-commerce startups, have officially completed their merger. This all-stock transaction, touted as Africas largest tech merger and first announced in Q4 2023, has established a formidable p
Ride-Hailing Apps Drivers Count Cost Of Bizarre SA Versus Nigeria Feud
The recent online spat between South Africa and Nigeria, fueled by a controversial beauty pageant and long-running hostilities, has left e-hailing apps and their drivers counting significant losses. What began as a social media prank quickly escalated into a cross-border debacle, impacting drive
Kenya's Top Telco Bothered By Services Like Starlink Seeking Regulatory Action
Kenyas largest telecommunications company, Safaricom , has called for stricter regulations on satellite internet providers like Elon Musks Starlink, a move that could significantly impact the countrys internet landscape. The partly-government-owned telco, which dominates the Kenyan mark
Device Financing Key As Nigerians Buy Less Smartphones Due To Economic Woes
The Nigerian smartphone market is experiencing a significant downturn, primarily driven by economic challenges and rising prices. As inflation soars and disposable income dwindles, many Nigerians are finding it increasingly difficult to afford new smartphones. However, device financing
Nigerias Love-Hate Relationship With Crypto Deepens With Backing Amid Bashing
Nigeria, a nation with a burgeoning tech scene and a growing youth population, has had a complex relationship with cryptocurrencies. While the sector has seen a surge in adoption, it has also faced regulatory challenges and government crackdowns. Now, a significant development is on the
Fintech Is Giving Africas Top Telco A Lifeline Amid Setbacks
MTN Group, Africas largest mobile operator, has unveiled a tale of two halves in its latest financial results. While the traditional telecommunications business grapples with the twin challenges of a plummeting Nigerian Naira and dwindling voice revenues, the fintech arm has emerged as a beacon