African startup mergers and acquisitions hit a record 67 deals in 2025, up 72% year-on-year, led by fintech and driven by strategic consolidation, according to TechCabal’s SOTIA report.
PayPal Partners Paga to Enable Payment Receipts for Nigerians After Years of Restrictions
PayPal has launched payment-receiving capabilities for Nigerians through a partnership with fintech firm Paga, ending nearly two decades of inbound payment restrictions.
Trove Finance Buys UCML Securities, Becomes SEC-Licensed Broker in Nigeria
Nigerian fintech Trove Finance acquires UCML Securities, rebranding it as Innova Securities and securing SEC broker-dealer status, enhancing platform control and investment innovation.
Toyin Abraham’s Oversabi Aunty Hits ₦1 Billion, Ranks Among Nollywood’s Biggest Box Office Successes
Oversabi Aunty, directed by Toyin Abraham, has crossed ₦1 billion in box office earnings, becoming one of Nollywood’s top-grossing films and the highest-ever debut by a first-time director.
Meta to Roll Out New Paid AI Subscriptions for Instagram, Facebook, and WhatsApp
Meta is set to introduce new paid subscription tiers across Instagram, Facebook, and WhatsApp, offering AI-powered productivity and content creation tools beyond its verification service.
Egypt Considers Social Media Ban for Young Teens Amid Child Safety Fears
Egypt is drafting legislation to restrict young teenagers from accessing social media platforms, citing online abuse, harmful content, and growing risks to children’s safety.
European Commission Probes X Under DSA Over Sexual Deepfakes and Grok AI Risks
The EU has opened a new Digital Services Act investigation into X, examining risks linked to sexual deepfakes and the use of its AI chatbot Grok in spreading illegal content.
EU Labels WhatsApp a Very Large Online Platform Under Digital Services Act
The European Commission has designated WhatsApp as a Very Large Online Platform under the Digital Services Act, giving Meta until May 2026 to meet stricter EU online safety and transparency rules.
EFCC Drags UBA, Two Firms, and Executives to Court Over ₦4.3bn Forex Fraud Allegations
The EFCC has filed a ₦4.3 billion foreign exchange fraud case against UBA, two companies, and two individuals over alleged FX rate manipulation and money laundering.
CBN Grants Nationwide Licences to Opay, Moniepoint, Kuda in Fintech Regulatory Upgrade
The Central Bank of Nigeria has upgraded the licences of major fintechs and microfinance banks, including Opay, Moniepoint and Kuda, enabling nationwide operations under stricter regulation.