Nigeria’s retail investment market is undergoing significant change, and the key question may no longer be whether Nigerians want to invest. Instead, the focus is increasingly on whether the capital market is developing products, systems and experiences that understand the people it seeks to attract. This is the focus of a recent report by Check,…
Global ride-hailing company Uber has announced the closure of its operations in Nigeria, bringing an end to its 12-year presence in the country. The company said its Nigerian operations would officially wind down on September 2, 2026, following a review of the business. Uber entered the Nigerian market through Lagos in 2014 and has since…
Microsoft South Africa CEO, Vukani Mngxati, has called for increased investment in trusted digital infrastructure as Africa’s financial technology sector continues to expand, identifying cloud computing, data and artificial intelligence as foundational elements of modern economies. Mngxati made the remarks during a panel discussion at the MTN Fintech Summit 2026, where industry leaders explored how…
Almost 85% of experienced Brazilian punters bet almost exclusively through frequent, small-stake, live in-play wagers. South African bettors, however, follow a different pattern: they place fewer bets, at higher stakes, and with more time between wagers. This difference in behaviour forms the basis of joint research by SOFTSWISS’s Alexander Kamenetskyi and OddsMarket’s Sergii Mykhailenko. The…
Riyadh, Saudi Arabia, 1st September 2026 – WIOCC Group, Africa’s leading carrier-neutral digital infrastructure platform, has announced the signing of a Shareholder Subscription Agreement (SSA) with Africa Finance Corporation (AFC) and Vision International Investment Company (Vision Invest), through which the two investors will jointly invest US$300 million in the company. The agreement was signed at…
When Moove, the mobility company that began financing cars for Lagos ride-hailing drivers in 2019, closed a $250 million Series C on August 5, most coverage focused on the headline figure: a $2.1 billion valuation, making it the largest disclosed African-linked funding event of the month by a wide margin. Less attention was paid to…
The Airtel Africa Foundation has selected the first cohort of 25 young Malawians for the Airtel Nzeru Fund Tech Scholarship, supporting their pursuit of science and technology-related studies at the Malawi University of Science and Technology. The scholarship recipients come from 17 districts across Malawi and will study fields including Sustainable Energy Engineering, Computer Systems,…
Benin has called for greater use of technology to transform the media sector and improve information accessibility, digital inclusion, cultural preservation and information sovereignty across Africa. The country presented its vision at the 7th Forum on China-Africa Media Cooperation in Beijing, which brought together public institutions, media organisations, audiovisual enterprises, universities and research centres from…
GITEX Nigeria 2026 opened in Abuja on Monday, bringing together senior government officials, global technology leaders, investors, innovators and digital-economy stakeholders for high-level discussions on Nigeria’s growing role in Africa’s technology and artificial intelligence landscape. The second edition of the event, themed “Beyond Connectivity: The Bridge to Sovereign AI and Innovation,” commenced with the Government…
The ghost worker problem Nigeria thought it had buried nearly two decades ago has returned with a more sophisticated face, exposing fresh vulnerabilities in the government’s payroll and financial management systems and raising questions about how billions of naira can still be exposed to manipulation despite successive reforms. The Federal Government has approved a forensic…