Starlink, FiberOne, others lose over 18,000 customers in 6 months
Over 18,000 Nigerians canceled their Internet service subscriptions in the last six months. Starlink experienced a 14% drop in subscribers from January to March 2025, marking its largest quarterly decline since 2023.
FibreOne loses 42% of subscribers as Starlink, Spectranet also decline in Nigeria
Over 18,000 subscribers lost in Nigeria's ISP market between Q3 2024 and Q1 2025. Spectranet experienced a 2.08% drop in subscribers, while Starlink fell by 9%.
Wave raises $137 million to expand mobile money services across Africa
Wave raised $137 million in a debt round led by Rand Merchant Bank to boost working capital. The funding will help expand Wave's mobile money operations across new and existing markets.
How old narratives still shape the future of African startups
Africa represents 17% of the world’s internet users, with countries like Morocco and Nigeria leading in internet and mobile penetration. The continent is home to unicorns like Moniepoint, MNT-Halan, and Wave, demonstrating its capability to produce globally competitive startups.
Starlink is increasingly popular in Zimbabwean cities; can local ISPs compete in rural areas?
Starlink launched in Zimbabwe in late September 2024, with over 30,000 terminals active by Q1 2025. The service is being adopted by individuals, businesses, schools, and public institutions in urban areas.
