Impact of Women Leaders on African Tech Ecosystem
Women are shaping tech policies in Kenya, Nigeria, and South Africa to promote inclusion and access. African women-led startups often rely on creative financing due to funding gaps.
Starlink receives 10-year license to operate in Lesotho as South Africa pushback continues
Lesotho has granted Starlink a decade-long license for satellite internet services. The initiative aims to improve internet penetration in rural areas of Lesotho.
US investors flag corruption, IP and digital tax risks in Kenya and Nigeria
The US Trade Representative's report criticizes Nigeria and Kenya for failing to address corruption and enforce intellectual property protections. Counterfeit software and widespread copyright infringement in Nigeria are undermining licensed operators.
FairMoney grew revenue to ₦121.9 billion in 2024 on deposit-led lending
FairMoney's gross revenue grew by 62% to ₦121.9 billion in 2024. The company's profit after tax rose to ₦5 billion from ₦780 million in 2023.
VBank marks first profitable year with ₦366 million in 2024
VFD Microfinance Bank reported a profit of ₦366 million for the year ended 2024. The bank achieved an operating income of ₦4.5 billion in 2024.
