MTN, Cell C & Liquid go against Vodacom's spectrum lawsuit
The legal battle intensified in May 2024 when the largest telco sought an urgent interdict from the High Court to halt pooling arrangements
Andrew Christian
Africa's 5G capital flops load speed test
South Africa had the slowest 5G page load speeds, falling even behind Nigeria despite having a more commercialized market for the technology
SA online shoppers protest imminent import tax duty regulation
Consumers are petitioning a gov't-introduced tax on eCommerce imports coming into effect on July 1, 2024.
On NDIC's disbursement of ₦650 bn to 2.3 million insured Heritage Bank depositors
The Nigeria Deposit Insurance Corporation (NDIC) has begun paying out the trapped funds of depositors at the now-defunct Heritage Bank.
On June 3, 2024, the Central Bank of Nigeria revoked the banking licence of Heritage Bank PLC (Heritage Bank) for contravening Section 12 (1) of the BOFIA 2020 constituting a
Ampersand and BYD clutch to rev up Africa's e-bike production
The broader context of this partnership is the urgent need to de-carbonise transport systems in the continent
TymeBank chases $150 million funding in unicorn run up
Funds from the raise will fuel expansion into new markets, particularly Indonesia, by year-end, following entries into Vietnam and the Philippines
“We think the worst should be behind us” MultiChoice CEO on $217 million loss in Nigeria
The business is hopeful for a turnaround regulated by positive policy changes by the country’s current administration.