Globacom led Nigeria’s telecommunications industry in internet subscriber growth during May 2026, adding approximately 1.2 million users and accounting for nearly half of the country’s total monthly internet subscriber additions, according to the latest data released by the Nigerian Communications Commission (NCC). Nigeria’s total internet subscriber base increased from 154.3 million in April to 157…
Oando PLC has reported a strong financial performance for the first half of 2026, with revenue rising 20% year-on-year to ₦2.1 trillion, supported by higher production, improved operational performance and continued cost optimisation across its upstream operations. According to the company’s unaudited financial results for the six months ended 30 June 2026, profit after tax…
Visa is expanding Visa Pay across Africa through a new software development kit (SDK) that enables banks, mobile money operators and fintech companies to integrate Visa’s payment capabilities directly into their existing applications, accelerating the rollout of digital payment services across the continent. The SDK is now available in markets including Zambia, Sudan, the Republic…
Cisco has appointed Ossama Eldeeb as Managing Director for Africa, placing him in charge of the company’s commercial strategy and operations across the continent as it strengthens its focus on digital transformation, artificial intelligence and partner-led growth. Eldeeb brings more than 26 years of leadership experience across the Middle East and Africa. Since joining Cisco…
Lesotho has secured the largest foreign direct investment (FDI) in its history after signing a landmark $6.2 billion (M100 billion) agreement for the Kobong Project, a transformative initiative that will combine large-scale renewable energy generation with an artificial intelligence (AI) data centre. Backed by New York-based renewable energy developer Convalt Energy, the project will integrate…
Egypt has been elected to chair both the Artificial Intelligence (AI) Governance Working Group and the Quantum Computing Working Group under the Arab Permanent Committee for AI and Emerging Technologies, reinforcing its leadership in shaping regional policies on advanced technologies. The appointments were confirmed during the committee’s second founding meeting held in Tunisia, where representatives…
Terra Industries has partnered with Miva Open University to establish integrated robotics and drone laboratories across the university’s learning centres, beginning with a pilot facility in Abuja. The initiative is designed to strengthen technology-focused education by giving students practical engineering experience alongside their academic studies. Under the partnership, students will gain hands-on experience in designing,…
Emirates NBD has agreed to acquire HSBC Egypt’s retail banking business through its wholly owned subsidiary, Emirates NBD Egypt, expanding its presence in one of Africa’s largest banking markets. The transaction includes HSBC Egypt’s retail banking portfolio, branch and ATM network, customer base and relevant employees. While the financial terms were not disclosed, HSBC said…
