From Lagos to Nairobi

E& Egypt has officially launched the country’s first instant international money transfer service through its E& Cash wallet, marking a significant leap toward fully digital, branch-free remittances. As confirmed by multiple reports, this new feature allows users to send money abroad instantly and securely—without the hassle of third-party intermediaries. By leveraging its extensive regional infrastructure,…

Surayyah Ahmad, a seasoned entrepreneur and co-founder of Aduna Capital, has launched Sabou Capital, a new SME fund aimed at investing up to $1.5 million in 25 businesses across Nigeria, Senegal, and Côte d’Ivoire. The fund targets agriculture, renewable energy, supply chain, logistics, and mobility sectors—focusing on SMEs ready for scale but overlooked by traditional…

The U.S. African Development Foundation (USADF) has cut $51 million in funding meant for African SMEs and startups across 22 countries, including Nigeria and Kenya—the program’s largest beneficiaries. The move, led by the Department of Government Efficiency (DOGE), a Trump-era agency now headed by Elon Musk, affects hundreds of small businesses, especially those in agriculture…

Nigeria’s startup ecosystem is booming, with Lagos emerging as a leading African tech hub. The country has attracted significant investments, producing unicorns like Flutterwave and PiggyVest. Here’s a summary of 10 top investors driving this growth, based on the article from Tech in Africa: 1. Acuity Venture Partners: Focuses on early-stage startups with a data-driven…

Uganda’s employment laws are structured to protect workers and ensure businesses operate within legal frameworks. The key legislation includes the Employment Act of 2006, which governs contracts, wages, leave policies, and workplace safety. Other supporting laws address unions, compensation for injuries, occupational safety, and retirement benefits. Employees in Uganda are entitled to fair pay, regulated…

Mafab Communications has once again missed its promised Q1 2025 deadline to roll out 5G services in Nigeria, despite earlier pledges to go live in Kano and Abuja. With zero operational sites out of the planned 102, the telecom operator continues a pattern of missed targets since acquiring a $273 million 5G license in 2021….