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MTN Group Reportedly Moves to Consolidate MoMo and Y’ello Digital in N95.5 Billion Deal.
MTN Group is reported to be planning a major internal restructuring move that would see it acquire a 60% stake in its fintech arm MoMo (Mobile Money) and Y’ello Digital for about N95.5 billion. If completed, the deal would further centralise MTN’s growing financial services and digital operations under tighter group control. The move reflects…
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Airtel Expands into Fixed Broadband as Amazon’s Project Kuiper Moves Closer to Kenya Entry.
Airtel is expanding its footprint in Africa’s connectivity market with the rollout of fixed broadband services, while at the same time, Amazon’s satellite internet project, Kuiper, is seeking a licence to operate in Kenya. Together, these developments highlight a growing competition in how internet access is delivered across the country—from traditional telecom infrastructure to space-based…
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10 Nigerian Climate Startups Secure $560,000 to Build Solutions for Rising Heat Challenges.
Extreme heat is becoming a growing challenge across parts of Nigeria, and a new wave of climate-focused startups is stepping in with targeted solutions. Ten startups have collectively received $560,000 in funding to develop tools and services aimed at helping communities and businesses adapt to rising temperatures. The funding reflects a broader rise in climate-tech…
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Talstack, Ventures Platform and BII Launch Free ESG Training Programme for African Startups.
African startups are set to gain access to free environmental, social, and governance (ESG) training following a new partnership between Talstack, Ventures Platform, and British International Investment (BII). The programme is designed to help founders better understand and apply ESG principles in building and scaling their businesses. The push for ESG-focused education reflects a growing…
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MTN Nigeria Shareholders Set to Vote on Proposed Fintech Business Spin-Off.
MTN Nigeria shareholders are scheduled to vote on Thursday on a proposed spin-off of the company’s fintech operations, a move that could reshape how one of the country’s largest telecom operators structures its financial services business. The decision is part of MTN’s broader strategy to separate and potentially unlock value from its growing fintech segment.…
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Kenya’s WapiPay Expands to Jamaica as It Targets Growth. in the Global Remittance Market.
Kenya-based fintech company WapiPay is expanding its footprint beyond Africa with a new move into Jamaica, as it positions itself within the global remittance industry. The expansion is linked to the broader opportunity in cross-border money transfers, which continues to play a critical role in supporting households and businesses across developing economies. Remittances remain a…
TechStream
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