Nigerian banks' USSD debt soars to ₦200 billion
From May 2023 until now, the USSD debt of Nigerian banks has surged by 66.67%, reaching a total of ₦200 billion, according to ALTON.
Paystack downsizes workforce outside Africa to localise cost
Paystack has laid off 33 employees of its employees in the UAE and Europe, in a move aimed at localising cost.
Showmax sets sights on becoming #1 streaming service in Africa with bold relaunch
The streaming service reveals fresh new brand identity and plans in the build-up to its February 2024 relaunch.
Breaking: Techstars-backed Chimoney acquires Scrim
Nigerian fintech startup, Chimoney has acquired Scrim App in an undisclosed deal. As a result of this acquisition, the Scrim App will be relaunched in December 2023.
Nigerian Web3 startup, WiCrypt expands to China
Enugu-based blockchain startup, Wicrypt has expanded its WiFi-sharing network to China, naming Onega Ventures as the sole distributor.
South Africa's Neighbourgood buys Local Knowledge for $1.5M
South African proptech startup, Neighbourgood has acquired Local Knowledge, a Cape Town-based traveltech startup in a cash and equity deal worth $1.5 million.
Pineapple secures record-breaking funding in South Africa's insurtech sector
South African insurtech startup, Pineapple has raised $21.3 million Series B in a round led by Futuregrowth, Talent10 and MIC