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Valu Secures Regulatory Approval to Enter SME Lending Market in Egypt.
Valu has received regulatory approval to expand its operations into small and medium enterprise (SME) financing, marking a formal shift from its consumer-focused lending model into business credit in Egypt. Valu is best known for its buy-now-pay-later (BNPL) services, which allow consumers to purchase goods and pay in instalments through digital credit. This model has…
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Circle Posts 20% Q1 Revenue Growth as USDC Expansion and ARC Blockchain Raise Signal Deeper Infrastructure Push.
Circle Internet Financial reported a 20% year-on-year revenue increase in Q1 2026, alongside strong growth in its stablecoin operations and fresh capital inflows linked to its blockchain expansion strategy. Circle is best known for issuing USDC, one of the largest regulated stablecoins used in digital payments, trading, and cross-border transfers. Its revenue is largely driven…
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Uber Faces Regulatory Uncertainty in South Africa After E-hailing Registration Deadline Passes.
Uber is facing regulatory uncertainty in South Africa after questions emerged over compliance with new e-hailing registration requirements following a March 11 deadline set for transport platforms operating in the country. The development is linked to ongoing reforms in South Africa’s public transport and e-hailing sector. Authorities have been working to formalise ride-hailing services under…
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Jim Ovia Steps Down as Zenith Bank Chairman After CBN-Enforced Tenure Limit Takes Effect.
Jim Ovia has stepped down as Chairman of Zenith Bank following the completion of the maximum tenure allowed under corporate governance rules set by the Central Bank of Nigeria (CBN). Jim Ovia is the founder of Zenith Bank and has played a central role in its development into one of Nigeria’s leading financial institutions. Over…
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South Africa Resets Leadership at State IT Agency as Government Moves to Stabilise Digital Infrastructure.
South Africa has appointed a new board for its state information technology body, State Information Technology Agency (SITA), in a move aimed at strengthening governance and improving how public digital systems are managed and delivered. The State Information Technology Agency exists to provide IT services and infrastructure support to government departments, including systems used for…
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MTN, Airtel, Glo and T2 Face About 500 Weekly Fibre Cuts as Nigeria’s Telecom Infrastructure Strains in Q1 2026.
Telecom operators including MTN Nigeria, Airtel Nigeria, Globacom, and T2 Mobile recorded an average of about 500 fibre cuts per week in the first quarter of 2026, showing how fragile physical internet infrastructure still is in Nigeria despite rising demand for digital services. Fibre optic cables are the backbone of mobile data, broadband, and enterprise…
TechStream
Technology news around the ecosystem!
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