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NELFUND Debunks Fake Portal Reopening Claims, Warns Students and Urges Reliance on Trusted Sources.
The Nigerian Education Loan Fund, Nigerian Education Loan Fund (NELFUND), has dismissed circulating claims that its student loan application portal has reopened, describing the messages as false, misleading, and part of an ongoing scam targeting students across Nigeria. According to the agency, the claims spreading online did not originate from any official communication channel and…
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Awash Bank Lists on Ethiopia’s Stock Market in Major Step for Financial Sector Reform.
Ethiopia’s second-largest private lender, Awash Bank, has taken a significant step by listing on the country’s stock market, marking a pivotal moment in Ethiopia’s long-anticipated push to modernize its financial system. The move signals growing momentum behind efforts to open up one of Africa’s most closed economies to broader investment and capital market activity. The…
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South African Government Advances Three-Year Reset Plan for Struggling State IT Agency.
The South African government has begun a phased three-year overhaul of the State Information Technology Agency (SITA), signaling a renewed attempt to fix one of the public sector’s most persistent technology bottlenecks. The reform effort, which follows multiple failed turnaround attempts, is aimed at restoring the agency’s ability to deliver reliable digital infrastructure and services…
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SpaceX Signals Expansion into Enterprise AI as Elon Musk Highlights $28.5 Trillion Market Opportunity.
SpaceX Signals Expansion into Enterprise AI as Elon Musk Highlights $28.5 Trillion Market Opportunity Elon Musk is positioning SpaceX beyond its traditional stronghold in rockets and satellite infrastructure, pointing to enterprise artificial intelligence as a major frontier for future growth. In recent disclosures, the company identified a total addressable market of $28.5 trillion, with enterprise…
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Absa Kenya Commits $23M Annually to Digital Banking Transformation
Absa Bank Kenya is set to spend up to $23.2 million (about KSh 3 billion) every year on technology as it accelerates its shift toward fully digital banking, underscoring how traditional lenders in Kenya are adapting to a rapidly changing financial landscape dominated by mobile and online transactions. The investment forms part of the bank’s…
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Breet Launches $10K Grant to Support African Startup Innovators
African fintech platform Breet has announced a $10,000 grant aimed at supporting African innovators building solutions in payments, crypto, and digital finance, reinforcing its push to deepen the continent’s startup ecosystem beyond its core trading services. The initiative is designed to identify early- and growth-stage founders solving real-world problems in financial infrastructure and digital commerce.…
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