From Lagos to Nairobi

MTN Group, alongside global technology investors, has led a $45 million Series A funding round for the Oran Development Corporation (ODC), a company focused on deploying AI‑native network infrastructure across Africa and beyond. ODC plans to use the funding to build networks designed from the ground up for AI-driven applications — from smart cities to…

Kuda, one of Nigeria’s leading digital banks, has initiated a fresh round of layoffs as part of a broader restructuring effort affecting its core business units. The move, which insiders say could impact hundreds of employees, underscores the growing pressure on fintech companies to rein in costs and refocus on profitability amid a tougher funding…

After several attempts to expand beyond Nigeria, Moniepoint has finally secured a foothold in East Africa with its acquisition of a majority stake in Kenya’s Sumac Microfinance Bank. The move marks a significant milestone for the Nigerian fintech unicorn, signaling both persistence and a long-term strategy to become a pan-African financial services powerhouse. Moniepoint, which…

Fixr is quietly reshaping Nigeria’s service delivery landscape—and doing so without a single naira of external investment. With over ₦3 billion in revenue recorded, the startup is proving that disciplined execution and deep market understanding can rival even the most heavily funded competitors. Founded to address inefficiencies in how everyday services are accessed, Fixr connects…

Fintech company Fairmoney has announced the appointment of Gbenga Shobo, former Deputy Managing Director at First Bank of Nigeria (FBN), as its new Board Chair. The move marks a strategic step for the fast-growing digital lending platform as it seeks to strengthen governance, expand its services, and solidify its position in Nigeria’s competitive fintech landscape.…

Serial entrepreneur Sim Shagaya, known for pioneering ventures like Konga and uLesson, has unveiled his latest initiative: Myka, an insurance company designed to make coverage more accessible and tailored for Nigerians. With the country’s insurance penetration still below 1%, Myka aims to bridge a significant gap in financial protection for individuals and businesses.Myka’s launch reflects…