A media company focused on technology and innovation in Africa, providing insights and news on the tech ecosystem.
MTN Uganda to spin off mobile money unit into a standalone fintech
MTN Uganda announced plans to spin off its mobile money business into a standalone fintech company. The restructuring will transfer MTN Mobile Money Uganda to a new entity owned by MTN Group Fintech Holdings B.V.
Kenya wants crypto taxes fast, but offers few answers in return
Kenya's tax authority collected KES 10 billion ($77 million) from crypto traders in the financial year ending June 2024. The Kenya Revenue Authority announced ambitions to collect KES 60 billion ($464 million) annually from the crypto sector.
The Backend: Why your refunds take forever and how Recital is fixing it
Recital aims to automate the reconciliation process for failed bank transfers, reducing time and errors. The platform's automated reconciliation engine can check against multiple sources, cutting down operational time by 93%.
Rams, chickens, and the price of survival
The price of a ram for Eid in Nigeria has reached ₦400,000, exceeding the national minimum wage for several months. Over 70% of household income in Nigeria is spent on basic needs, indicating a survival economy rather than one of prosperity.
Twiga Pauses Nairobi Operations to Shift to Data-Driven Distribution Model
Twiga Foods is halting its Nairobi operations for two months as part of a business overhaul. The company is negotiating a new lease for a distribution hub closer to Nairobi.
