Nigeria’s telecom expansion suffers hitches

Nigeria’s telecom expansion suffers hitches

Nigeria’s push to expand its telecom market—Africa’s largest, with 169 million mobile subscribers—through Mobile Virtual Network Operators is encountering questions about execution and readiness, as growth in rural connectivity remains sluggish. Since 2022, the Nigerian Communications Commission issued 46 MVNO licences, but new entrants are struggling to gain traction against dominant mobile giants. In March

T&T And Nigeria Sign Historic Air Services Agreement

A historic agreement is set to strengthen air links between the Caribbean and Africa. Speaking at a Signing Ceremony for a Bilateral Air Services Agreement between Trinidad and Tobago and…

FG launches drive to boost Nigerian digital services across Africa

In a bold step to strengthen Nigeria’s footprint in Africa’s digital economy, the Federal Government, through the Ministry of Industry, Trade, and Investment, has launched a new initiative aimed at making it easier for Nigerian digital service providers to expand across the continent. Announced by the Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, on Monday, the initiative invites all Nigerian digital service providers to parti…

FUNDING | Moroccan Fintech, PayTic, Raises $4 Million to Expand Operations in North and Sub-Saharan Africa

​Moroccan fintech startup, PayTic, has successfully secured $4 million in a seed extension funding round. The investment was led by: AfricInvest through their Cathay AfricInvest Innovation Fund (CAIF) with participation from, Build Ventures Axian Group Mistral Island Capital Partners, and Concrete.   “This significant investment is a powerful validation of PayTic’s mission and the transformative impact we are delivering. Beyond the capital, th…

FG moves to facilitate expansion of Nigeria’s digital service providers across Africa

The Federal Government through the Ministry of Industry, Trade, and Investment, has launched a new initiative to make it easy for Nigerian digital service providers to expand across Africa.  The post FG moves to facilitate expansion of Nigeria’s digital service providers across Africa  appeared first on Nairametrics.

PayTic Raises $4M to Expand Payment Solutions Across Africa

PayTic Raises $4M to Expand Payment Solutions Across Africa Moroccan fintech startup PayTic has raised $4 million in funding to strengthen its payment automation solutions and expand into North and Sub-Saharan African markets. The round was led by AfricInvest, with participation from Build Ventures, Axian Group, Mistral, Island Capital Partner, and Concrete. Backing Innovation in Payment Automation PayTic CEO Imad Boumahdi called the investment …