From Lagos to Nairobi

Moniepoint Inc., a leading business payments and banking platform in Nigeria, has secured an investment from Visa to enhance financial inclusion and digital transformation for African SMEs. Since its founding in 2015, Moniepoint has become a key player in Nigeria’s fintech landscape, offering a wide range of services including digital payments, banking solutions, and credit…

Microsoft’s stock dropped 6.2% after the company issued weak guidance for the current quarter, following a fiscal second-quarter earnings report that exceeded Wall Street’s estimates. Despite posting earnings of $3.23 per share and $69.63 billion in revenue, Microsoft’s forecast for the next quarter fell short of expectations, with projected revenues between $67.7 billion and $68.7…

Nigerian mobility fintech startup Moove, backed by Uber, has acquired Kovi, a Brazilian car rental startup, in an all-stock transaction. This move strengthens Moove’s presence in Latin America’s largest ride-hailing market and furthers its global expansion, with operations now spanning 19 cities across five continents. As part of the deal, Kovi’s investors—including Accel, Spectra Investments,…

Airtel Kenya’s mobile money service, Airtel Money, significantly increased its market share from 2.9% to 7.6% by September 2024, according to data from the Communications Authority of Kenya (CA). This growth was driven by free Airtel-to-Airtel transfers, lower fees for sending money across networks compared to Safaricom’s M-PESA, and cheaper withdrawal charges. During the same…

Jan 27 – U.S. President Donald Trump revealed on Monday that Microsoft (MSFT.O) is negotiating the acquisition of TikTok and expressed interest in seeing a competitive bidding process for the app. Microsoft has declined to comment on the matter, and neither TikTok nor its Chinese owner ByteDance responded to Reuters’ inquiries outside regular business hours….

Summaries of the things that happened around tech today!