South African EV startup Zimi has received $320,000 (R6 million) to explore vehicle-to-grid (V2G) charging technology. The Energy and Environment Partnership (EEP) Africa Trust Fund awarded the funding for this innovative energy project. V2G allows electric vehicles to return power to homes, offices, or the national grid during electricity shortages. Notably, EEP Africa selected Zimi […]
The Central Bank of Kenya (CBK) will start issuing licenses to new banks again from July 1, 2025. This move ends a ban that had been in place since November 17, 2015. CBK paused new bank licenses in 2015 to fix governance, management, and operational problems in the banking sector. The goal was to make […]
According to the letter, the licence comes with strict conditions, and the regulator made it clear that Ascensia—like all financial institutions—must operate within the provisions of the CBN Act of 2007, the Banks and Other Financial Institutions Act (BOFIA) of 2020, and all related regulations issued by the bank.
The Nigerian House of Representatives has ordered Remita, a payment platform, to refund ₦182.77 billion to the federal government. This amount covers transaction leakages from the Treasury Single Account (TSA) system since 2015. The Public Accounts Committee (PAC) of the House gave the order after a detailed forensic audit. Seyi Katola & Company, a firm […]
TikTok has launched a new feature called Footnotes to help users better understand the videos they watch. The company is testing the feature in the United States. With Footnotes, users can now add helpful information to videos. TikTok says this will give people more context, especially when content includes complex topics or current events. TikTok […]
In recent years, the Nigerian economy has become a source of daily frustration for most citizens, not just the Nigerian techie. From the noise of social media to rowdy rants in public transport, from market stalls to tech Slack channels, the complaints are loud and consistent. Everything is more expensive, nothing is working, and everyone […]
Lesotho has officially approved a 10-year license for Starlink, the satellite internet service owned by Elon Musk’s SpaceX. The Lesotho Communications Authority (LCA) announced the approval on Monday, April 14, 2025. The LCA said this decision will speed up Lesotho’s digital transformation. It added that the move shows its commitment to creating a competitive and […]
Ghana’s Minister of Communication, Digital Technology and Innovation, Sam George, has issued a strong warning to the Next Generation Infrastructure Company (NGIC). He said NGIC must launch 5G services by June 2025 without any more delays. NGIC holds Ghana’s exclusive licence to build and operate 4G and 5G networks across the country. The company received […]
Moniepoint, the Nigerian fintech giant, has launched a new remittance product called Monieworld. This new service allows UK residents to send money directly to any Nigerian bank account. Users can send funds using Monieworld accounts, bank cards, British accounts, or even Apple Pay and Google Pay. Monieworld earns revenue from foreign exchange conversion fees. For […]
The Nigerian government has officially launched its National Artificial Intelligence (AI) Strategy to drive innovation, improve productivity, and grow the economy. The launch event took place in Lagos on Tuesday during the unveiling of the Nigeria Artificial Intelligence Collective Industry (NAICI). Dr. Bosun Tijani, Minister of Communications, Innovation, and Digital Economy, led the unveiling. He […]
South African EV startup Zimi has received $320,000 (R6 million) to explore vehicle-to-grid (V2G) charging technology. The Energy and Environment Partnership (EEP) Africa Trust Fund awarded the funding for this innovative energy project. V2G allows electric vehicles to return power to homes, offices, or the national grid during electricity shortages. Notably, EEP Africa selected Zimi […]
The Central Bank of Kenya (CBK) will start issuing licenses to new banks again from July 1, 2025. This move ends a ban that had been in place since November 17, 2015. CBK paused new bank licenses in 2015 to fix governance, management, and operational problems in the banking sector. The goal was to make […]
According to the letter, the licence comes with strict conditions, and the regulator made it clear that Ascensia—like all financial institutions—must operate within the provisions of the CBN Act of 2007, the Banks and Other Financial Institutions Act (BOFIA) of 2020, and all related regulations issued by the bank.
The Nigerian House of Representatives has ordered Remita, a payment platform, to refund ₦182.77 billion to the federal government. This amount covers transaction leakages from the Treasury Single Account (TSA) system since 2015. The Public Accounts Committee (PAC) of the House gave the order after a detailed forensic audit. Seyi Katola & Company, a firm […]
TikTok has launched a new feature called Footnotes to help users better understand the videos they watch. The company is testing the feature in the United States. With Footnotes, users can now add helpful information to videos. TikTok says this will give people more context, especially when content includes complex topics or current events. TikTok […]
In recent years, the Nigerian economy has become a source of daily frustration for most citizens, not just the Nigerian techie. From the noise of social media to rowdy rants in public transport, from market stalls to tech Slack channels, the complaints are loud and consistent. Everything is more expensive, nothing is working, and everyone […]
Lesotho has officially approved a 10-year license for Starlink, the satellite internet service owned by Elon Musk’s SpaceX. The Lesotho Communications Authority (LCA) announced the approval on Monday, April 14, 2025. The LCA said this decision will speed up Lesotho’s digital transformation. It added that the move shows its commitment to creating a competitive and […]
Ghana’s Minister of Communication, Digital Technology and Innovation, Sam George, has issued a strong warning to the Next Generation Infrastructure Company (NGIC). He said NGIC must launch 5G services by June 2025 without any more delays. NGIC holds Ghana’s exclusive licence to build and operate 4G and 5G networks across the country. The company received […]
Moniepoint, the Nigerian fintech giant, has launched a new remittance product called Monieworld. This new service allows UK residents to send money directly to any Nigerian bank account. Users can send funds using Monieworld accounts, bank cards, British accounts, or even Apple Pay and Google Pay. Monieworld earns revenue from foreign exchange conversion fees. For […]
The Nigerian government has officially launched its National Artificial Intelligence (AI) Strategy to drive innovation, improve productivity, and grow the economy. The launch event took place in Lagos on Tuesday during the unveiling of the Nigeria Artificial Intelligence Collective Industry (NAICI). Dr. Bosun Tijani, Minister of Communications, Innovation, and Digital Economy, led the unveiling. He […]
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