From Lagos to Nairobi

MTN Uganda has initiated the separation of its fintech division from its core telecom business, part of MTN Group’s broader strategy across Nigeria, Ghana, and Uganda. This move will enable the newly independent fintech company to pursue aggressive expansion in Uganda’s mobile money sector while giving external investors a clear and targeted investment vehicle.  The restructuring is…

Kenya’s Finance Bill 2025 is proposing the removal of the tax deferral on Employee Share Ownership Plans (ESOPs). Previously, employees could defer taxes on their stock options until they sold their shares. Under the new proposal, taxation would occur at the point of vesting, potentially burdening employees with tax liabilities before realising any financial gain….

Through the Ministry of Communications, Innovation and Digital Economy, the Nigerian Federal Government has partnered with Meta to launch the Nigeria AI Accelerator Programme—another significant step in Nigeria’s expanding efforts to position itself as an African hub for artificial intelligence. The accelerator aims to support startups building AI-driven solutions tailored to the country’s economic and social challenges….

The FBI has arrested a Nigerian tech entrepreneur, often referred to as a “tech queen,” in connection with a multi-million dollar fraud scheme. She is accused of leading a sophisticated cyber fraud operation involving business email compromise (BEC) scams that targeted U.S.-based companies and individuals. The scheme allegedly involved impersonating executives and manipulating financial transactions…

Rwanda has reached a 38% internet penetration rate, reflecting steady progress in digital connectivity. However, high costs continue to pose a major barrier, leaving millions of Rwandans offline. The government has made significant investments in infrastructure, including a national fiber-optic backbone and public Wi-Fi initiatives, aimed at expanding access and fostering a digital economy. These…