Tony Elumelu, a leading advocate for African entrepreneurship, has been appointed to the IMF Advisory Council on Entrepreneurship and Growth. His inclusion underscores the importance of private sector-led development in shaping global economic policies.
Zap Africa, a crypto exchange, has accused Paystack of infringing on its trademarked brand name “Zap.” With legal action looming, this dispute underscores the growing tensions in fintech branding.
The Spark Accelerator programme is back! In partnership with Safaricom, M-Pesa Africa, and Sumitomo Corporation, the initiative empowers startups with the resources they need to grow. Applications for the second cohort open on April 1—don’t miss out!
Bitcoin’s recovery pushed it to $88,804 before settling at $86,666. Institutional inflows, long-term holder accumulation, and rising open interest indicate strong market activity. Can BTC push past $89,800, or will consolidation take over?
German development finance institution DEG has increased its investment in Mediterrania Capital IV by $16.3 million, signaling strong confidence in Africa’s economic growth. The fund, managed by Mediterrania Capital Partners, focuses on mid-sized companies across key sectors in North and West Africa.
Flutterwave has introduced Pay With Bank Transfer in Ghana, a new payment option developed in partnership with Affinity Bank. This integration enables businesses to accept secure bank transfers, reducing reliance on cash and Mobile Money. With over 115 million bank transfer payments recorded in Ghana in 2023, this development reflects the nation’s shift toward digital financial solutions.
Google is acquiring Wiz, a leading cloud security company, in a $32 billion all-cash deal. This acquisition will enhance cloud security, automate cybersecurity processes, and boost multicloud adoption.
Transcorp Group has delivered an exceptional 2024 financial performance, with a 188% profit increase and 107% revenue growth. Strong execution in power, hospitality, and energy investments solidifies its market leadership. Read more on how Transcorp continues to drive sustainable growth.
Hip-hop mogul Sean 'Diddy' Combs has pleaded not guilty to a fresh indictment alleging he pressured employees into assisting his alleged sex trafficking scheme. The indictment also accuses him of enforcing control through threats and forced labor. His trial is scheduled for May 5.
Moniepoint’s Women in Tech program is growing! Now in its fifth year, the initiative has increased its internship slots from 10 to 15, equipping more women in Africa with the skills and confidence needed to thrive in tech.