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Sunday, 18 October
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Sunday, 18 October

Top News

Lesotho, UNDP Strengthen Partnership on Digital Transformation and AI Development
Kenya, France Partner on New Science and Engineering Complex at University of Nairobi
Ooredoo, du Partner on Landmark Subsea Cable Project to Boost UAE Digital Connectivity
Guinea Signs Deal for Second Submarine Fibre-Optic Cable to Expand Internet Capacity
Omantel Launches AI Centre of Excellence to Boost Oman’s Digital Innovation Ecosystem
Lesotho, UNDP Strengthen Partnership on Digital Transformation and AI Development
Kenya, France Partner on New Science and Engineering Complex at University of Nairobi
Ooredoo, du Partner on Landmark Subsea Cable Project to Boost UAE Digital Connectivity
Guinea Signs Deal for Second Submarine Fibre-Optic Cable to Expand Internet Capacity
Omantel Launches AI Centre of Excellence to Boost Oman’s Digital Innovation Ecosystem

News

Africa Innovation Watch provides unparalleled access to news stories and events shaping the African tech world today.

The CBN’s Q3 2025 Credit Conditions Survey reveals an increase in secured loan defaults, while unsecured loan performance improved. Banks expanded credit availability, approved more loans, and recorded lower default rates among corporate borrowers.

CBN suspends processing fees on cash deposits above N500,000 and what it means

The Central Bank of Nigeria (CBN) has announced the suspension of processing fees on substantial cash deposits at financial institutions across the country….

By: IBK

SeedFi provides short-term and long-term basic loans to both SMEs and individuals, catalyzing Nigeria’s economic growth.

How SeedFi is empowering Nigeria’s economic growth through financial inclusion

SeedFi provides short-term and long-term basic loans to both SMEs and individuals, catalyzing Nigeria’s economic growth….

By: IBK

deletions would free up the “name space” of dormant accounts

Why Elon Musk is preparing to delete 1.5 billion Twitter accounts

deletions would free up the “name space” of dormant accounts…

By: IBK

Jack Dorsey-led payments company, Block Inc. has announced the launch of a self-custody Bitcoin wallet called Bitkey.

Jack Dorsey’s Block launches Bitkey, a self-custody Bitcoin wallet

Jack Dorsey-led payments company, Block Inc. has announced the launch of a self-custody Bitcoin wallet called Bitkey….

By: IBK

Fraud in Nigeria’s fintech space is rising fast, fuelled by AI-powered scams and identity theft. In this exclusive interview, VitalSwap’s Compliance Chief, Christopher Gunias, reveals how invisible risk teams battle fraud behind the scenes—and what Nigerians must understand to stay safe.

Fraud: US takes over Binance account of 32-year-old Nigerian, Olamide Shanu over fraud

Investigations reveal that Olamide Shanu’s account, which had 0 BTC balance at the time of trial, has received over 84.66478598 bitcoin (approximately $2.6 million)……

By: IBK

Dr Tijani acknowledged the substantial investment needed to achieve this, estimating a cost range of $1.5 to $2 billion for the project…

Nigeria targets 95,000km of fibre optic cable infrastructure by 2024, says Minister Bosun Tijani

Dr Tijani acknowledged the substantial investment needed to achieve this, estimating a cost range of $1.5 to $2 billion for the project……

By: IBK

MTN names Selorm Adadevoh as Group Chief Commercial Officer effective April 1, 2024

MTN names Selorm Adadevoh as Group Chief Commercial Officer effective April 1, 2024

MTN has announced the appointment of Selorm Adadevoh as the Group Chief Commercial Officer, set to take effect from April 1, 2024….

By: IBK

Kenyan digital commerce solution, Tappi, secures $1.5 million in an oversubscribed pre-seed funding round led by Mercy Corps Ventures and Chui Ventures.

Kenyan e-commerce Tappi secures $1.5m in funding led by Mercy Corps

Kenyan digital commerce solution, Tappi, secures $1.5 million in an oversubscribed pre-seed funding round led by Mercy Corps Ventures and Chui Ventures….

By: IBK

CAC asks Nigerian startups with foreign investors to have minimum N100m paid-up capital

CAC asks Nigerian startups with foreign investors to have minimum N100m paid-up capital

Failure to meet this requirement within the stipulated timeframe will lead to the initiation of proceedings for the compulsory winding-up……

By: IBK

M-KOPA, a leading African fintech platform, has today announced the official launch of its flexible digital financing model in Ghana following a successful pilot phase. The strategic move to expand its operations makes Ghana the second West African country for the company, strengthening its pan-African footprint to provide financial and digital inclusion for underbanked customers. The company established its market entry in the Greater Accra Region, focusing on smartphone financing. Leveraging key partnerships with Samsung and Nokia, M-KOPA has provided financing to over 100,000 people and unlocked more than $10 million in digital credit for customers in Ghana. These early-stage milestones pave the way for future regional growth and product expansion. Mayur Patel, M-KOPA’s Chief Commercial Officer, expressed enthusiasm about the company’s expansion. He says:

M-KOPA expands to Ghana, unlocking $10 million in credit for customers

M-KOPA, a leading African fintech platform, has today announced the official launch of its flexible digital financing model in Ghana following a successful pilot phase….

By: IBK

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