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Finlogic secures CBN licence to enter Nigeria’s regulated remittance market
Finlogic has received approval from the Central Bank of Nigeria (CBN) to operate as an International Money Transfer Operator (IMTO), marking a significant milestone for the fintech company and strengthening Nigeria’s fast-evolving cross-border payments ecosystem. The CBN’s IMTO licence authorises Finlogic to facilitate inbound international money transfers into Nigeria, allowing individuals and businesses to receive…
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When a broken donation reshaped a smarter model for African entrepreneurship
A failed medical donation is not the kind of story that usually sparks a business movement. But for one African entrepreneur, a well-intentioned act that went wrong became the seed for a new way of thinking about entrepreneurship on the continent—one rooted less in charity and more in systems, accountability, and long-term impact. The story…
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From TV fame to building Nigeria’s next-gen data centre
When he appeared on MTN’s Who Wants to Be a Millionaire years ago, few could have predicted that the young contestant would one day lead one of Nigeria’s most ambitious infrastructure projects. Today, that same man—living with sickle cell disorder—is spearheading the development of a Tier IV data centre, a critical asset for Nigeria’s fast-growing…
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Chery Acquires Nissan’s South African Manufacturing Plant: What It Means for the Local Auto Industry.
Chery South Africa has agreed to acquire Nissan’s Rosslyn manufacturing facility near Pretoria, a move set to reshape the automotive landscape in the country. The deal covers the purchase of the land, buildings, and related assets, including the adjacent stamping plant, with completion expected by mid-2026 once regulatory approvals are secured. As part of the…
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Mogo Teams Up with Geidea to Boost Digital Payments in Egypt.
Mogo has joined forces with Geidea to expand point-of-sale and digital payment solutions across Egypt, aiming to make transactions smoother for both merchants and customers. The partnership combines Geidea’s smart POS technology with Mogo’s consumer financing and digital payment services, creating a more seamless checkout experience that lets shoppers pay the way they want while…
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African Tech Enters a Reset Year as Capital Returns, Companies Consolidate and Profit Takes Center Stage.
Africa’s technology ecosystem is stepping into 2026 with a noticeably different rhythm from the boom years that defined the early 2020s. After a prolonged period of investor caution, funding activity is showing signs of recovery, with total capital raised by African tech companies reaching an estimated $4.1 billion in 2025. While still below historic peaks,…
