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African founders gain new $84m seed fund as Ventures Platform closes oversubscribed round
Funding

African founders gain new $84m seed fund as Ventures Platform closes oversubscribed round

Ventures Platform's second fund closed at $84 million, nearly matching all Africa-focused VC fund closes in 2025 combined.

MTN can now buy IHS Towers in Nigeria — but must sell 30% to local investors
Tech News

MTN can now buy IHS Towers in Nigeria — but must sell 30% to local investors

Nigeria's NCC granted MTN conditional approval in mid-July for the IHS Towers deal. FCCPC separately requires a 30% sell-down to local investors.

Nigerians in the UK lose a Moniepoint remittance option as fintech exits MonieWorld
Fintech

Nigerians in the UK lose a Moniepoint remittance option as fintech exits MonieWorld

Moniepoint is phasing out its UK-Nigeria remittance product MonieWorld after about 18 months to focus on African business banking and lending.

MTN to build 150MW of AI data centres across Nigeria and South Africa
Tech News

MTN to build 150MW of AI data centres across Nigeria and South Africa

MTN Group is setting up a UAE-backed venture to build about 150MW of AI-enabled data centre capacity in Nigeria and South Africa.

Bitcoin passes $80,000 as US Treasury move fires up crypto rally
Tech News

Bitcoin passes $80,000 as US Treasury move fires up crypto rally

Bitcoin broke above $80,000 Tuesday to a three-month high after the US Treasury expanded bond buybacks, weakening the dollar and reviving crypto demand.

Glo customers can now talk to an AI assistant that speaks Yoruba, Igbo and Hausa
Brand Press

Glo customers can now talk to an AI assistant that speaks Yoruba, Igbo and Hausa

Globacom launched a 'Never Settle For Less' campaign with an AI customer assistant called Gloria, upgraded tariff perks and a revamped self-service app.

Terror financiers hide behind women's bank accounts and pre-registered SIMs, NFIU says
Fintech

Terror financiers hide behind women's bank accounts and pre-registered SIMs, NFIU says

Nigeria's financial intelligence unit says terrorist financiers are using bank accounts opened in women's names and SIM cards not linked to their real owners to conceal illicit fund flows.

Farmers Win as ThriveAgric Closes Oversubscribed ₦5.3 Billion Debt Raise
Startup

Farmers Win as ThriveAgric Closes Oversubscribed ₦5.3 Billion Debt Raise

Agritech startup ThriveAgric has closed an oversubscribed ₦5.3 billion commercial paper issuance, first under a ₦50 billion SEC-approved debt programme.

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