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.
Binance’s former crime compliance lead steps down after detention in Nigeria
Tigran Gambaryan announced his resignation from Binance on June 6, 2024. He built and led Binance’s first global investigations function, expanding it to over 100 professionals.
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.
Jumia’s largest investor exits with likely multimillion-dollar loss
Baillie Gifford sold its entire 18 million-share stake in Jumia, reducing ownership from 7.4% to 0%. Jumia's share price dropped from over $26 in 2019 to around $2.5 at the time of Baillie Gifford's sale.
Vendease CFO resigns as the YC-backed startup restructures, seeks fresh capital
Mohamed Chaudry stepped down as CFO of Vendease in April 2025. His resignation coincided with a restructuring effort to achieve profitability.
