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How Oui Capital partially exited its $150000 investment in Moniepoint and made $8 million enough profit to return twice its first fund

  • How Oui Capital partially exited its $150000 investment in Moniepoint and made $8 million enough profit to return twice its first fund.

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Airtel Nigeria has raised the prices of its internet plans and voice by 50% in line with the mandate by Nigerian Communications Commission.

  • Airtel Nigeria has raised the prices of its internet plans and voice by 50% in line with the mandate by Nigerian Communications Commission.

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Nigerian banking stocks have surged by 12.24% since January 7 after several major lenders raised over ₦1 trillion ($662 million).

  • Nigerian banking stocks have surged by 12.

    24% since January 7 after several major lenders raised over ₦1 trillion ($662 million).

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The CBKs intensified pressure has left Kenyan banks scrambling to lower their rates. Banks will be fined daily for non-compliance.

  • The CBKs intensified pressure has left Kenyan banks scrambling to lower their rates.

    Banks will be fined daily for non-compliance.

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Despite soaring inflation and a crumbling local currency car dealer Precious Okoedion says no week goes by without a car sale at any one of his three dealerships across Lagos State Nigeria. Okoedion says many of these sales—over 30 since 2023—have been facilitated through the auto tech platform Carbin Africa.  Launched in 2023 by two […]

  • Despite soaring inflation and a crumbling local currency car dealer Precious Okoedion says no week goes by without a car sale at any one of his three dealerships across Lagos State Nigeria.

    Okoedion says many of these sales—over 30 since 2023—have been facilitated through the auto tech platform Carbin Africa.

    Launched in 2023 by two […].

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Kenyan commercial banks are racing to cut lending rates in response to a directive from the Central Bank of Kenya (CBK).

  • Kenyan commercial banks are racing to cut lending rates in response to a directive from the Central Bank of Kenya (CBK).

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In todays edition: Quick Fire 🔥|| MAX laid off 30% of its workforce in January as it pursues EV goals || Nigerian government takes over Keystone Bank after court ruling || Funding Tracker

  • In todays edition: Quick Fire 🔥|| MAX laid off 30% of its workforce in January as it pursues EV goals || Nigerian government takes over Keystone Bank after court ruling || Funding Tracker.

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Metro Africa Xpress (MAX) a Nigerian mobility financing startup has laid off at least 150 employees approximately 38% of its workforce.

  • Metro Africa Xpress (MAX) a Nigerian mobility financing startup has laid off at least 150 employees approximately 38% of its workforce.

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In todays edition: Nigerian fintechs and the allure of remittances || USAID shutdown: A $100 million setback for Kenyan startups || Zambia hikes interest rate to 14.5% to curb inflation.

  • In todays edition: Nigerian fintechs and the allure of remittances || USAID shutdown: A $100 million setback for Kenyan startups || Zambia hikes interest rate to 14.

    5% to curb inflation.

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Nigerian fintechs rushing for FX transactions will erode already slim margins for FX-based transactions and only benefit customers.

  • Nigerian fintechs rushing for FX transactions will erode already slim margins for FX-based transactions and only benefit customers.