Jumia Posts $18.7M Operating Loss in Q1 2025
May 9, 2025
Jumia Technologies has updated its 2025 outlook, expressing confidence in its path to profitability. This was revealed even as headline revenues fell in Q1 2025. The e-commerce company posted mixed results for the quarter ending…
Egypt's iSUPPLY Secures $3M from Bokra
May 8, 2025
Bokra, the MENA goal-based digital investment platform, has announced a $3 million Sharia-compliant financing agreement with iSUPPLY, a digital pharmaceutical and medical supply distribution. The deal will power iSUPPLY’s next phase of growth and at…
Egypt Cements Its Lead in North Africa’s Telecom Market in 2024
May 8, 2025
In 2024, Egypt accounted for nearly half of all mobile subscriptions in the North Africa region, according to the Africa Telecom 50 Report 2024 (North Africa). With over 134 million mobile lines in service, Egypt…
Angola Cables Named Premium Wholesale Reseller Partner by DE-CIX to Boost Global Interconnectivity
May 8, 2025
Angola Cables has announced that it is now a Premium Wholesale Reseller Partner of DE-CIX, the world’s leading Internet Exchange (IX) operator. As a Premium Wholesale Reseller Partner, Angola Cables will leverage DE-CIX’s extensive interconnection…
Airtel Launches Free AI Spam Alert Service in Kenya
May 7, 2025
Airtel Kenya has today rolled out a new AI-powered Spam Alert Service. This service is available to all Airtel subscribers at no extra cost. This service was launched in Nigeria back in March. This new…
Bayobab Uganda Unveils New Kampala–Malaba Fibre Route
May 7, 2025
Bayobab Uganda, the digital infrastructure arm of MTN Group, has officially launched a major connectivity milestone, a brand-new fibre optic route running from Malaba at the Kenya–Uganda border to Kampala. This 260-kilometre stretch might be…
Schneider Electric Appoints Canninah Dladla as New Cluster President for Anglophone Africa
May 7, 2025
Schneider Electric has announced the appointment of Canninah Dladla as its new Cluster President for English-speaking Africa, effective June 1, 2025. She becomes the company’s first female leader for the region. The appointment comes at…
Mdundo Surpasses 125,000 Subscriptions on MiniPay
May 7, 2025
In just under three months, Kenyan-based music streaming service Mdundo has recorded over 125,000 subscriptions and more than 5 million streams via MiniPay, Opera’s blockchain wallet integrated into Opera Mini. The announcement was made via…
Ghana’s Zeepay Secures $18M to Expand Footprint Across Africa
May 7, 2025
Ghanaian fintech Zeepay has raised $18 million in senior secured venture debt. This funding will help its expansion across Africa and the Caribbean. Structured by investment firm Verdant Capital IMAP, the deal marks a major…