UAE Commits $1 Billion to Boost AI Infrastructure and Digital Services Across Africa
The UAE has unveiled a $1 billion investment plan to expand AI infrastructure, modernise government services, and drive productivity across key sectors in Africa, positioning itself as a major force in the continent’s digital transformation.
Vodacom Seeks to Buy Part of Kenyan Government’s 34.9% Safaricom Stake to Deepen Control of M-Pesa
Vodacom is in talks to acquire part of the Kenyan government’s 34.9% stake in Safaricom, a move that could expand its influence over M-Pesa and reshape East Africa’s telecom and mobile money landscape.
FairMoney Launches FlexiCredit, Offering Nigerians Up to ₦5 Million in Instant Credit Access
FairMoney has introduced FlexiCredit, a new premium credit line that offers eligible Nigerians up to ₦5 million with flexible withdrawals, daily interest-only billing, and instant access through the FairMoney app. Learn how it works, who qualifies, and how to apply.
Safaricom Secures $308 Million Bond Approval to Upgrade Kenya and Ethiopia Infrastructure
Safaricom gains regulatory approval to raise $308 million through a corporate bond to fund infrastructure upgrades in Kenya and Ethiopia. The move aims to strengthen the telecom giant’s market leadership and bridge the digital divide.
Cordros Raises MTN Nigeria Target Price to N616, Projects Strong 2025 Earnings and N15.50 Dividend
Cordros Securities has increased its year-end target price for MTN Nigeria to N616 per share, citing strong nine-month results, robust data growth, and improved 2025 earnings forecasts. Analysts also project a N15.50 total dividend for 2025.
Spectranet, Starlink, and FibreOne Now Control 65% of Nigeria’s ISP Market as Competition Thins Out
New NCC data shows Spectranet, Starlink, and FibreOne dominate 65% of Nigeria’s ISP market as over 40% of licensed providers go inactive. Analysts warn that shrinking ISP participation threatens Nigeria’s broadband goals.
World Bank Deploys Blockchain-Based FundsChain in Nigeria to Boost Project Transparency
Nigeria adopts the World Bank’s blockchain-powered FundsChain platform to strengthen transparency, accountability, and financial reporting for donor-funded projects. The system launches with six projects as part of broader public financial management reforms.
Zenith Bank to Enter Kenya in 2026 With Planned Acquisition of Paramount Bank
Zenith Bank is set to expand into Kenya in 2026 through its acquisition of Paramount Bank, marking its first entry into East Africa. The move aligns with Kenya’s banking reforms and intensifies competition among Nigerian lenders in the region.
DappRadar Shuts Down After Seven Years as Crypto Downturn Deepens
DappRadar, a leading Web3 and DeFi analytics platform, has announced its shutdown after seven years due to financial strain and market downturn, marking another major exit in the struggling blockchain industry.
Jumia Thrives in Nigeria as Global E-Commerce Competitors Scale Back in 2025
Jumia reports 30% growth in physical goods orders and 43% GMV increase in Nigeria, leveraging local operations, strong logistics, and vendor partnerships as international rivals reduce presence.
