South Africa’s largest trade union federation has called for a ban on global online shopping platforms Shein and Temu, warning that their rapid growth could threaten local manufacturers, retailers and thousands of jobs across the country. The Congress of South African Trade Unions (COSATU) adopted the resolution at its 15th National Congress in Johannesburg in…

Africa’s events industry is creating opportunities for technology companies to do more than sell tickets. From music concerts and conferences to festivals, exhibitions and private gatherings, organisers increasingly need digital tools that simplify event management, improve audience engagement and help them grow sustainable businesses. EventPorte is positioning itself within this opportunity, seeking to become more…

Onafriq’s decision to shut down its Nigerian agent banking business followed an earlier attempt to find a buyer for the operation, highlighting the challenges facing payment companies trying to sustain large offline networks in an increasingly competitive market. The pan-African payments company, which operates the Baxi agent banking platform in Nigeria, announced on October 16,…

United Bank for Africa (UBA) Plc has secured a major legal victory in its long-running ₦156.03 billion debt recovery dispute with Stallion Group and the Vaswani brothers, following a Federal High Court judgment in Lagos that strengthens the bank’s ability to enforce its claims against the business conglomerate. In a judgment delivered on October 16,…

Africa’s rapidly expanding digital economy is creating new opportunities for businesses, financial institutions and consumers. However, the growing threat of cybercrime is raising questions about whether the continent’s digital infrastructure can remain secure enough to support its next phase of economic growth. A new Mastercard-commissioned whitepaper, Africa’s Digital Defense Race, identifies cyber resilience as a…

Five35 Ventures has recorded a significant milestone in African venture capital after generating a 3.5-times return on its investment in Ghanaian agricultural technology company Complete Farmer. The successful exit marks the investment firm’s first portfolio exit and offers an example of how backing technology-driven businesses addressing agricultural challenges can produce financial returns alongside wider economic…