From Lagos to Nairobi

Ethio Telecom just launched Zemen GEBEYA, a new eCommerce platform built to connect Ethiopian businesses and consumers in one digital marketplace. It’s the latest in the state-owned telco’s push to “modernise” Ethiopia’s economy and grab a bigger slice of the country’s growing digital appetite. To read more, cick here

The CBK launched on-site inspections in February following growing frustration over banks’ resistance to adjusting credit pricing despite successive rate cuts. Governor Kamau Thugge said in April that the regulator had completed inspections of 13 out of 38 licensed banks and would finish all reviews by the end of June. To read more click here

Flutterwave, Africa’s leading payments technology company, was recently ranked as a top 100 cross-border payment company by FXC Intelligence for the second consecutive year. FXC Intelligence’s Top 100 Companies list, now in its sixth year, serves as a market map to highlight and celebrate the 100 most important players in the cross-border payments space. Flutterwave…

IHS Towers, Africa’s largest independent telecom tower company, saw over 3 million shares traded on the New York Stock Exchange (NYSE) on May 7, its highest single-day volume in nearly two years. The surge in trading activity, accompanied by a 9.7% jump in share price to $5.7, underscores how investor sentiment is shifting in favour…

Africa-focused private equity firm Silverbacks Holdings has exited its stake in Nigerian remittance startup LemFi, earning a remarkable 29x return during LemFi’s $53M Series B round. This marks Silverbacks’ eighth profitable exit—its sixth from a Nigerian tech company and fourth from fintech—highlighting the firm’s strategic approach to partially exiting high-growth investments. The move reinforces Nigeria’s…

TVC News has launched AI-powered news anchors capable of delivering bulletins in English, Yoruba, Hausa, Igbo, and Pidgin, marking a historic milestone in Nigerian broadcasting. The move aims to expand access to underserved audiences while supporting human journalists through faster, localized content delivery. With editorial oversight and digital watermarking in place, TVC says it’s committed…