NgwasPenn

22/08/2025

Japan commits $5.5 billion via AfDB to boost Africa's private sector development. This EPSA6 partnership focuses on resilience, climate change, and economic shocks, building on $12 billion in past support....

20/08/2025

Treford addresses Africa's mid-level tech skill gap with accelerator programs in product management, marketing, and design. This upskilling empowers African startups with skilled professionals, ensuring sustainable growth and enabling them to compete globally....

Treford addresses Africa's mid-level tech skill gap with accelerator programs in product management, marketing, and design. This upskilling empowers African startups with skilled professionals, ensuring sustainable growth and enabling them to compete globally.

20/08/2025

Kenya considers splitting Safaricom into telecommunications, tower, and M-PESA units. This aims to address mounting debt and aligns with government plans to divest its 35% stake by 2025, raising funds to ease public debt....

Kenya considers splitting Safaricom into telecommunications, tower, and M-PESA units. This aims to address mounting debt and aligns with government plans to divest its 35% stake by 2025, raising funds to ease public debt.

19/08/2025

Bolt has launched a dash cam app in Kenya to enhance ride safety for drivers and riders. It records trips via smartphone cameras, addressing rising concerns and providing secure footage for incidents....

Bolt has launched a dash cam app in Kenya to enhance ride safety for drivers and riders. It records trips via smartphone cameras, addressing rising concerns and providing secure footage for incidents.

18/08/2025

Congo secured a $602,000 AfDB grant to rebalance its GDP by updating economic data to reflect fast-growing sectors. This initiative aims to reduce its debt-to-GDP ratio, improve economic transparency, and align with international standards....

Congo secured a $602,000 AfDB grant to rebalance its GDP by updating economic data to reflect fast-growing sectors. This initiative aims to reduce its debt-to-GDP ratio, improve economic transparency, and align with international standards.

16/08/2025

Yes, Electric Vehicles (EVs) are emerging as a cost-effective future for Nigerian transportation due to fuel price hikes, offering significant savings. While gaining traction in ride-hailing and corporate use, challenges like charging infrastructure and public perception need addressing for widespread adoption....

15/08/2025

Nigeria's inflation eased to 21.8% in July, marking the fourth decline. However, food inflation remains high at 22.74%, continuing to challenge households despite the overall slowdown....

Nigeria's inflation eased to 21.8% in July, marking the fourth decline. However, food inflation remains high at 22.74%, continuing to challenge households despite the overall slowdown.

13/08/2025

Nedbank acquired fintech iKhokha for R1.65 billion, aiming to enhance digital services for South African SMEs. This all-cash deal signals a new era for African fintech innovation and financial inclusion....

Nedbank acquired fintech iKhokha for R1.65 billion, aiming to enhance digital services for South African SMEs. This all-cash deal signals a new era for African fintech innovation and financial inclusion.

12/08/2025

IHS stocks soared 8% after reporting a strong Q2 2025 profit of $32.3 million, reversing previous losses. This turnaround was driven by Nigerian currency stability and strategic tariff hikes for its clients....

IHS stocks soared 8% after reporting a strong Q2 2025 profit of $32.3 million, reversing previous losses. This turnaround was driven by Nigerian currency stability and strategic tariff hikes for its clients.

12/08/2025

HoneyCoin secured $4.9M to revolutionize cross-border payments in Africa. Leveraging stablecoins, its platform challenges traditional banking by reducing delays and costs, serving millions across 45+ countries and processing over $150M monthly....

HoneyCoin secured $4.9M to revolutionize cross-border payments in Africa. Leveraging stablecoins, its platform challenges traditional banking by reducing delays and costs, serving millions across 45+ countries and processing over $150M monthly.

11/08/2025

Chowdeck secured $9 million in Series A funding to expand its on-demand delivery services across Nigeria and Ghana. This investment optimizes infrastructure for groceries and local goods, aiming for quicker deliveries....

Chowdeck secured $9 million in Series A funding to expand its on-demand delivery services across Nigeria and Ghana. This investment optimizes infrastructure for groceries and local goods, aiming for quicker deliveries.

08/08/2025

Jumia's Q2 2025 earnings sparked investor optimism with 25% revenue growth and a 27% stock surge. This turnaround, driven by strong demand in Nigeria, reflects an African e-commerce revival and targets profitability by 2027....

Jumia's Q2 2025 earnings sparked investor optimism with 25% revenue growth and a 27% stock surge. This turnaround, driven by strong demand in Nigeria, reflects an African e-commerce revival and targets profitability by 2027.