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Dispute Between Nigerian Banks and Telcos Over $260 Million USSD Debt Threatens Financial Inclusion
The clash between Nigeria’s banks and telcos over accumulated debts for USSD services risks disrupting essential mobile money services for millions of Nigerians.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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AWS to Invest $12.7 Billion in India
Amazon plans to invest $12.7 billion into its cloud business in India by 2030.
- Categories
- Energy, Technology, Telecommunications
- Region
- Asia Pacific
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Payday Announces Partnership With SpaceX’s Starlink in Rwanda
Payday and Starlink operations in Rwanda will make digital banking accessible to all remote workers & professionals on the continent.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Copia exits Uganda, to Focus on Kenyan Operations
B2C e-commerce company, Copia has shut down its Ugandan operations due to the economic downturn. However, it will double down on its operations in Kenya.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
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Emirates Telecommunications Takes $400 Million Majority Stake in Careem’s Super App
According to the details of the agreement, Emirates Telecommunications is investing $400 million to become a majority shareholder in Careem's Super App alongside Uber.
- Categories
- Investing, Technology, Telecommunications
- Region
- Global
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China Intensifies Tech War With US With $500 Million Subsea Internet Cable
The escalating tech war between the two economic giants and may threaten global internet infrastructure.
- Categories
- Technology, Telecommunications
- Region
- Global
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Africa Mobile Networks Secures $20 Million Loan for Rural Push
This latest financial backing follows a $36 million private equity investment from a consortium led by South African private equity firm Metier in 2021.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Rwazi, A Market Intelligence Firm, Raises $4 Million In Seed Funding
The funding will help the startup with planned product launches and market expansion.
- Categories
- Investing, Telecommunications
- Region
- Sub-Saharan Africa
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