weetracker.com business news headlines
How Gro Intelligence Went Under Following Decade Of False Dawns
Gro Intelligence, once heralded as a pioneering force in agriculture technology, now finds itself at the centre of an unfortunate narrative of falling short following news of its shuttering, first reported by industry publication AgFunderNews. Born in Kenya and later establishing a pres
Music Star Patoranking Is Latest Pop Celeb Backing Africas Tech Ambitions
African music star, Patrick Okorie, better known as Patoranking, is the latest in a growing list of pop celebrities and famous personalities throwing their weight behind the continents growing tech ambitions. In a significant move reflecting the growing convergence of African music cele
Uganda Draws Startups Making Everyday Payday For Salaried Workers
Local startups are looking to put Uganda on the map as the emerging wave of employers empowering employees to get paid on-demand at all times regardless of payday takes shape across the continent. Ugandan startup Thiqa Digital Finance and South Africa's Paymenow are teaming up to bring
Paystack-Led Consortium Takes Over Brass In Buyout After Controversy
A consortium led by Nigerian fintech darling Paystack has completed the acquisition of Brass, a business banking startup catering to small and medium-sized enterprises (SMEs), in what looks a significant move within Nigerias vibrant fintech landscape. This development marks a pivotal moment in B
Proposed Tax Break Gives Lifeline To Nigerias SMEs Says tappi Founder
Industry players are observing with keen interest following the Nigerian governments recent proposal to exempt 95% of the informal sector from taxes as a significant step towards bolstering the countrys small and medium-sized enterprises (SMEs). Kenfield Griffith, CEO and Co-Founder of tappi, a
Andela Seeks To Build On Hectic Decade As Bold Bet Starts To Pay Off
Andela, notable for its groundbreaking tech talent initiatives in Africa and since reborn as a global marketplace for tech talent, underwent a tumultuous transformation that stirred concerns among industry observers. However, what seemed like a distressing upheaval may have started to pay off as
As African Firms Take Big Losses In Fraud Crisis pawaPass Takes On Challenge
An uptick in system breaches and exploits by bad actors has resulted in mounting losses for African businesses in recent years, with fintechs among others paying the price as targets of fraud and money laundering activities. In Nigeria, for example, a crisis is brewing as the country gr
Kenyas Proposed EV Tax Hikes: A Step Back For E-Mobility?
Kenyas government plans to introduce a Finance Bill in 2024, proposing new value-added taxes (VAT) on electric bikes, buses, and solar and lithium-ion batteries. This move has sparked concerns among industry experts, who fear it could stifle the growth of the countrys emerging e-mobility sector.