Nigeria’s journey toward a cashless economy continues to accelerate, with electronic payment transactions surging to $256 billion by July 2025, according to the Central Bank of Nigeria (CBN). This marks a remarkable leap from the $187 billion recorded in August 2024—signaling not only growing public trust in digital financial systems but also the rapid evolution…
Nokia and Fibertime have announced a landmark collaboration to expand fibre-to-the-home (FTTH) coverage to an additional 400,000 premises across South Africa’s underserved townships. This initiative, unveiled on October 6, 2025, marks a major stride toward bridging the digital divide and improving broadband accessibility in communities that have historically been left behind. The rollout will harness…
FNB has been named the Best SME Bank in Africa for 2026 by Global Finance, a recognition that affirms its leadership and excellence in serving small and medium enterprises across the continent. The prestigious award, part of the 2026 Best SME Bank Awards, evaluates institutions worldwide based on their knowledge of SME markets, innovation, product…
Egyptian renewable energy startup Tagaddod has raised $26.3 million in Series A funding to accelerate its expansion across Africa, Asia, and Europe, while strengthening the global biofuel supply chain. The round was led by The Arab Energy Fund (TAEF), alongside strategic participation from FMO, Verod-Kepple Africa Ventures (VKAV), and A15 Ventures. The investment reinforces growing…
Cassava Technologies has reinforced its leadership in Africa’s digital transformation journey with the appointment of telecoms veteran Marco Gagiano as Global Head of Connectivity, effective September. The company announced that Gagiano’s appointment marks a strategic step towards strengthening its leadership team and accelerating its mission to become the continent’s leading provider of digital solutions. This…
The Central African Republic (CAR) has officially joined the Africa Finance Corporation (AFC), marking a significant milestone in its journey toward economic transformation and infrastructure development. With this addition, the AFC now counts 46 member states, further expanding its reach and impact across the continent. The Corporation also boasts over 47 shareholders, including sovereign states,…
Sophos, a global leader in cybersecurity, has unveiled Sophos Advisory Services, a new suite of proactive security solutions designed to help organizations identify, assess, and mitigate vulnerabilities before cybercriminals can exploit them. This initiative marks a significant step in empowering businesses to strengthen their cybersecurity posture, enhance compliance, and build long-term resilience against evolving digital…
Verto, the Nigerian-born B2B payments platform, has officially launched its operations in the United Arab Emirates (UAE), a move that signals a new era for African businesses engaging in trade with the Gulf region. With a strong track record of processing over $25 billion annually for global corporations such as Unilever and Maersk, Verto’s entry…
