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Moniepoint Launches MonieWorld, Eyes Diaspora Banking Growth
Nigerian fintech leader Moniepoint has introduced MonieWorld, a new platform targeting the UK–Nigeria remittance corridor. Beyond money transfers, MonieWorld aims to offer a full banking experience for immigrants, helping them manage finances both abroad and at home. This launch marks Moniepoint’s strategic push beyond Nigeria, as it seeks to serve African diasporas worldwide and reduce…
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MTN Ghana Empowers Small Businesses with SME Accelerate
MTN Ghana has unveiled SME Accelerate, a new initiative designed to help small businesses scale smarter and faster. The program offers digital tools and strategic support, aiming to boost growth and competitiveness in Ghana’s SME ecosystem. This move highlights MTN’s long-term commitment to entrepreneurship and digital transformation, ensuring businesses aren’t just connected — but future-ready….
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CBEX Ponzi Collapse Leaves Nigerians Counting Losses
CBEX, a digital asset trading platform that promised investors a 100% return within 30 days, has collapsed, leaving thousands of Nigerians locked out of their funds. Initially marketed as a high-tech, AI-powered trading service with ties to China, the platform turned out to be another classic Ponzi scheme. As the dust settles, only hundreds of…
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Somalia Grants Starlink Operational License to Boost Digital Inclusion
The National Communications Authority (NCA) of Somalia has officially approved Starlink’s operational license, marking a major step toward expanding internet access nationwide. During the announcement event in Mogadishu, NCA Director General Mustafa Yasin Sheik described Starlink’s arrival as a milestone for bridging Somalia’s digital divide, especially for rural communities long underserved by traditional connectivity. Minister…
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Zimbabwe Plans Mandatory Phone Registration, Sparking Privacy and Surveillance Concerns
Zimbabwe’s telecoms regulator, POTRAZ, has proposed a law requiring all mobile phones, not just SIM cards to be registered in a national database using their unique IMEI numbers. Officially, the move aims to fight cybercrime, boost mobile security, and curb the sale of stolen phones. However, given Zimbabwe’s history of surveillance and political control, critics…
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PayPal Partners with TerraPay to Simplify Cross-Border Payments in the Middle East and Africa
PayPal has teamed up with global money transfer platform TerraPay to enhance real-time cross-border transactions for users across the Middle East and Africa. This strategic partnership aims to make fund transfers faster, more secure, and accessible by seamlessly connecting banks, mobile wallets, and financial institutions to PayPal accounts. Through this collaboration, users can now link…
