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Kenya's homegrown automotive venture, Mobius Motors , has ground to a halt, succumbing to the harsh realities of the African automotive market. The company, renowned for its rugged, low-cost SUVs tailored to the continent's challenging roads, announced its intention to liquidate on August 5, 202

South African fintech startup VezoPay is betting the farm on a mission to transform how people pay with its flagship product, a smart payment ring, Its a bold challenge to the status quo of wallets, cards, and smartphones. While companies like McLEAR, Twinn, and TAPSTER have already ent

Nigerias leading telecommunications operator, MTN, is under fire for a sudden decline in internet and call service quality that coincided with nationwide protests against rising living costs. Many Nigerians suspect the timing of the service disruption is not coincidental, and that internet speed

Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) is standing firm in its decision to impose a USD 220 M fine on WhatsApp, despite the messaging giant's indications that it might have to withdraw its services from the country. The commission has dismissed WhatsApp's claim

d.light , a provider of solar-powered household products and affordable finance for low-income households, achieved its highest-ever quarterly revenue and profits in Q2 2024, the company announced. Consecutive record-breaking monthly revenue figures in May and June, combined with improv

Reflect Ventures, an investor collective making strategic bets in logistics, distribution, supply chain, transport, and fintech rails, is rapidly emerging as a notable player in these sectors. At the helm are Dan Deac , Jor Law , and Michel Friedman , whose extensive understanding of market dyna

Yesterday, the accelerator announced its 8th cohort, which includes ten startups chosen from almost 1,000 applications. Since 2018, the Google for Startups Accelerator Africa program has been a supporter of the startup ecosystem, providing essential help and guidance. The 2024 cohort fe

Small steps have been taken towards greater gender diversity within the African tech startup ecosystem but plenty remains to be done if anything close to parity is to be achieved, according to a new report released by tech publication Disrupt Africa in partnership with Africa-focused pre-seed in

South Africa is emerging as a leader in cryptocurrency payments, transforming its financial landscape and playing a pivotal role in the global digital economy. Recent data from digital assets trader FiveWest shows a notable rise in crypto usage for everyday transactions, indicating the countrys