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Kenya Growth, Profit Challenge for Nigerian Banks
Nigerian banks have spent the past decade expanding across Africa in search of new markets, with Kenya emerging as one of the continent’s most attractive banking destinations. Through acquisitions, partnerships, and investments in digital banking, lenders from Nigeria have established a growing presence in East Africa’s largest economy. However, while expansion has delivered scale and…
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Kenyan Firms End 15-Month Hiring Run as Demand Slows
Kenyan businesses reduced staffing levels in a significant shift for the labor market, ending 15 months of continuous job creation as weaker customer demand and slowing economic activity weighed on company operations. The latest business survey data revealed that firms across several sectors opted to cut jobs in response to declining new orders and subdued…
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Flutterwave Taps Tempo for Faster Stablecoin Payments
African fintech giant Flutterwave has announced a strategic partnership with Tempo, a payments-focused blockchain network, as it accelerates efforts to build a multi-rail stablecoin payment infrastructure across Africa. The collaboration marks another significant step in Flutterwave’s growing blockchain strategy, aimed at improving the speed, efficiency, and affordability of cross-border transactions on the continent. (Tech |…
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SoshoPay Links Energy Access to SME Financing in Zimbabwe
Zimbabwean fintech company SoshoPay is introducing an innovative approach that links energy access with small and medium-sized enterprise (SME) financing, helping banks extend credit to underserved businesses. By combining digital payment systems with energy usage data, the company is enabling financial institutions to better assess risk and support SMEs that traditionally struggle to access loans.…
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Talstack Boosts Nigerian Startups via iDICE Founders Lab
Talstack is strengthening its commitment to Nigeria’s startup ecosystem by supporting entrepreneurs through the iDICE Startup Bridge Founders Lab. The initiative is designed to equip early-stage founders with the skills, mentorship, and resources needed to build scalable and sustainable businesses in a rapidly evolving digital economy. Nigeria has become one of Africa’s leading hubs for…
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Amazon Expands Prime to Compete with Takealot in South Africa
Amazon is intensifying competition in South Africa’s e-commerce market with the expansion of its Prime membership offering, a move widely seen as a direct challenge to local online retail leader Takealot. The strategy reflects Amazon’s broader ambition to deepen its presence in Africa’s digital economy while leveraging its global ecosystem of services to attract and…