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Agu.ng expands retail footprint and upgrades its online shopping experience
Agu.ng, a fast-growing Nigerian fashion retail brand, has announced a major expansion of its physical store footprint alongside significant upgrades to its e-commerce platform, signaling its ambition to strengthen its presence across both online and offline channels. The company, known for blending contemporary designs with African-inspired aesthetics, said the store expansion will focus on key…
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Chipper Cash cuts burn rate and shifts focus to sustainable growth
Chipper Cash, one of Africa’s most prominent fintech startups, has taken a significant step toward sustainability after halting its heavy cash burn following a major business restructuring. The move marks a turning point for the cross-border payments company, which has spent years prioritising rapid expansion and user growth across Africa and beyond. Founded in 2018,…
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Gates Foundation Partners with OpenAI in $50 Million Push to Transform Healthcare in Africa.
The Bill & Melinda Gates Foundation has teamed up with OpenAI in a new $50 million partnership aimed at strengthening healthcare delivery across Africa, marking one of the most ambitious uses of artificial intelligence in the continent’s public health space so far. The initiative, known as Horizon1000, is designed to bring AI-powered tools directly into…
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Paystack Restructures Under New Holding Company, The Stack Group.
Paystack has quietly taken a major strategic step by restructuring its operations under a new parent company known as The Stack Group, signalling a clear shift from being just a payments startup to becoming a broader technology and financial services company. The move comes as Paystack marks a decade of operations and reflects how far…
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Why Ugandans Are Crossing the Border Just to Access Their Own Money.
In parts of eastern Uganda, a quiet but telling movement is unfolding at the border. Ordinary Ugandans are crossing into Kenya, not to trade goods or visit family, but simply to withdraw money that already belongs to them. What sounds extreme has become a practical response to growing restrictions around mobile money withdrawals at home,…
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Nigeria’s 4.4% Growth Outlook and What It Really Means for Startups, Investors, and Customers.
Nigeria’s projected 4.4 percent economic growth is more than just a macroeconomic headline. For the country’s tech ecosystem, it signals a shift in mood from survival to cautious expansion. After years defined by currency volatility, tightening capital, and slowing consumer spending, this growth outlook suggests that the broader economy may finally be finding its footing….
