Starlink in South Africa? Not until it follows the rules
Elon Musk claimed Starlink can't operate in South Africa due to racial policies, leading to a government backlash. Access Bank and Visa launched a contactless payment method called Tap to Phone in Nigeria, allowing merchants to accept payments via NFC-enabled Android phones.
SANEF taps ex-Diamond Bank executive Uzoebo as CEO to drive financial inclusion
Uche Uzoebo has been appointed as the new Managing Director/CEO of SANEF Limited, effective February 2025. Uzoebo succeeds Ronke Kuye, becoming the second female to hold the top position in SANEF's history.
Access Bank faces customer outcry after core system upgrade disrupts services
Access Bank initiated a core banking application upgrade on Friday, leading to service disruptions. Millions of customers were unable to conduct essential banking transactions throughout the weekend.
Next Wave: Unlocking alternative funding streams for African startups
In 2024, African startups raised $3.2 billion across over 182 equity and debt funding deals. Fintechs and e-commerce companies accounted for 75% of total funding to African founders between 2019 and 2023.
Starlink's prices shoot for the stars
CBN to roll out new whistleblowing platform starting January 1, 2025. Ethiopia allows foreign banks to operate, aiming to modernize its economy.
