October 2024 marked a significant milestone for African startups, amassing $254 million in funding, fueled primarily by a record-setting Series C round from Nigerian fintech giant, Moniepoint
The partnership with Morocco is a significant step in achieving this vision, with the potential to strengthen Nigeria’s economy, create local jobs, and contribute to environmental sustainability
In a notable shift for Nigeria’s financial services, MTN Nigeria’s MoMo Payment Service Bank (PSB) has applied for two additional licences—Payment Service Solutions Provider (PSSP) and Payment Terminal Service Provider (PTSP).
Globally, users maintain an average of 12 active subscriptions, with monthly costs totaling around $78 on various services.
MellowVans vehicles have become popular in South Africa’s urban areas as a sustainable last-mile delivery option. These three-wheeled, road-legal EVs are manufactured with 70% locally sourced materials, reducing their environmental impact and supporting South African industries. Brands like Takealot, Spar, Woolworths, and DHL already use MellowVans for efficient, low-cost deliveries in their operations.
Wema Bank has launched a new mobile banking platform, the ALAT Xplore App, specifically designed for Nigerian teenagers aged 13 to 17
Saudi Arabia’s Mobily and Egypt’s Telecom Egypt have entered an agreement to build the first undersea cable directly connecting Saudi Arabia and Egypt
Starlink, led by South African-born Elon Musk, is working swiftly to expand internet capacity in Africa’s densely populated urban centers following a temporary suspension of new subscriptions in some areas due to high demand.
Nigeria’s AI skilling initiative marks a significant step in its digital transformation. Through collaboration with Data Science Nigeria and support from Google, the country aims to build a robust AI-ready workforce.