From Lagos to Nairobi

MTN Group, one of Africa’s largest telecommunications companies, expects its headline earnings per share to decline by between 20% and 30% in the first half of 2026, with the pressure largely linked to a writedown on its investment in Iran. The warning highlights the growing financial impact of geopolitical instability and the challenges surrounding MTN’s…

Nigeria’s central bank is expanding its approach to digital-asset regulation by opening a regulatory sandbox that gives virtual asset firms a controlled environment to test innovative products and services. The move signals a shift toward closer regulatory engagement as cryptocurrencies, blockchain applications and other virtual-asset solutions become increasingly relevant to the country’s financial system. The…

Cape Town’s fintech ecosystem continues to attract major investment as payments startup Moment secures $22 million in new funding, highlighting growing confidence in Africa’s digital payments infrastructure. The deal also brings Canal+ into the company’s shareholder base, creating a significant strategic connection between financial technology and one of Africa’s largest media ecosystems. Moment was established…

Saving money has traditionally been a personal financial habit, often encouraged by banks, employers and families. But in Nigeria, where inflation, rising living costs and limited disposable income continue to challenge households, savings is becoming a much bigger conversation. OPay is positioning itself at the centre of that conversation by turning everyday saving into a…

OpenAI has announced a significant update to ChatGPT, expanding access by introducing unlimited text chats for users on the free tier. The move is designed to make AI-powered assistance more widely available, allowing millions of people to interact with ChatGPT without worrying about exhausting a daily text message limit. The update reflects the growing demand…

Africa’s startup funding landscape is undergoing a significant transformation as debt financing increasingly replaces traditional equity investment. Recent industry data shows that debt now accounts for nearly three-quarters of startup funding on the continent, while equity investment has fallen to its lowest level in several years. The shift reflects changing investor sentiment, tighter global financial…