Bumpa, a leading business management platform for Nigerian entrepreneurs, has acquired PaperCloud, an all-in-one business management tool designed for creators, freelancers, and business owners. Following the acquisition, PaperCloud rebranded as Paperless in December 2024, offering a more streamlined solution to help businesses manage invoices, customer data, expenses, and inventory more efficiently. The platform allows users…

The Nigerian government has introduced a new payment platform, the Treasury Management & Revenue Assurance System (TMRAS), to replace Remita as the primary system for processing payments across ministries, departments, and agencies (MDAs). This transition is aimed at improving transparency, automating tax deductions, and ensuring seamless financial transactions within the government. Although TMRAS is now…

Namibia is exploring the launch of a central bank digital currency (CBDC) to improve cross-border payments and enhance financial inclusion. The Bank of Namibia (BoN) is still assessing the feasibility of a CBDC, following recommendations from the International Monetary Fund (IMF), which advised focusing on strengthening existing payment systems before a full rollout. BoN is…

Namibia’s telecom sector has recorded over N$800 million ($43 million) in data revenue for Q3 2024, highlighting a major shift towards data-driven services. Data now accounts for 70% of total mobile service revenue, a significant increase from 46% in 2018. This trend mirrors broader developments across Africa, where telecom companies are seeing rapid growth in…

Google is set to double the subscription price for its 100GB Google Drive storage plan in Nigeria, increasing the cost from ₦950 to ₦1,900 per month. The new pricing will take effect on March 28, 2025, as part of a broader adjustment affecting several African countries, including Egypt, Ghana, and Tanzania. Google One, which provides…

Flutterwave has officially expanded into Zambia after securing a Payment System License from the Bank of Zambia, allowing businesses in the country to leverage its digital payment solutions for seamless local and international transactions. With mobile money services driving nearly 70% of Zambia’s financial inclusion, Flutterwave’s entry is expected to accelerate digital transactions, streamline financial…