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Top thecondia.com News

Nigerians to Pay More for Netflix as Spotify Warns Against Artificial ...
Netflix · Nigeria

Nigerians to Pay More for Netflix as Spotify Warns Against Artificial ...

67% Left coverage: 3 sources
In 2024, Netflix increased its subscription prices twice within three months, first in April, then again in July.See the Story
Uruguay-Based dLocal Intends to Acquire Fintech AZA Finance
Finance

Uruguay-Based dLocal Intends to Acquire Fintech AZA Finance

100% Right coverage: 2 sources
Uruguayan payments giant dLocal confirmed plans to acquire Nairobi-based AZA Finance for $150 million, according to a June 3 regulatory filing. The deal, pending approvals, aims to strengthen dLocal’s African footprint while diversifying beyond its Latin American stronghold, which currently drives 75% of its $746 million annual revenue. AZA Finance brings 15 million processed transactions […]See the Story
Mohamed Abdallah Appointed CEO of Vodacom International Markets & Vodafone Egypt
CEOs · South Africa

Mohamed Abdallah Appointed CEO of Vodacom International Markets & Vodafone Egypt

Coverage: 2 sources
Vodacom’s Vision 2030 is anchored in three strategic pillars: digital inclusion, financial services growth, and environmental sustainability.See the Story

USSD Fee to Be Paid with Airtime as Telcos, Banks Consider New Billing Plan

100% Center coverage: 1 sources
The Nigerian Communications Commission (NCC) has instructed Nigerian banks to charge their customers using airtime for USSD transactions charges.Nigeria · NigeriaSee the Story

Profitable African Fintech PalmPay Is in Talks to Raise as Much as $100M

100% Center coverage: 1 sources
PalmPay, an African digital bank fintech, is in talks to raise between $50 million and $100 million in a Series B round, according to multiple sources familiar with the matter. It’s unclear what valuation it hopes to get, but its last round, in 2021, ranked it among the continent’s most valuable startups, estimated just shy […]Entertainment · NigeriaSee the Story

CBK intensifies oversight with licensing of 41 more digital credit providers

Central Bank of Kenya (CBK) has licensed 41 additional digital credit providers (DCPs), pushing the total number of authorised operators to 126. It comes as the regulator intensifies efforts to tame predatory lending practices that have plagued Kenya’s fast-growing mobile lending sector. This latest cohort follows the licensing of 27 DCPs announced in October 2024, […]Kenya · KenyaSee the Story

Top 12 African-focused Investors still funding startups in 2025

The African startup scene, which is usually dominated by foreign investors, has seen reduced investments following the post-ZIRP era and the mainstreaming of AI. More than ever, young founders building in Africa need to know who is still investing on the continent. Toby Hanington, the co-founder of Baobab Network—an accelerator that has backed startups in over 16 African countries, posted a list of 12 investors that everyone should know. TLDR: 1…Startups · Cape TownRead Article

Touadéra’s $CAR memecoin powers land tokenisation in Central African Republic

The Central African Republic has officially launched its land tokenisation platform this June, following initial announcements in late May. The platform allows anyone in the world to buy tokenised land parcels using the national memecoin, $CAR, on the Solana blockchain. President Faustin-Archange Touadéra confirmed the rollout in a June 3 post on X, calling it a “new chapter for digital ownership.” Over 1,700 hectares of land—already cleared, su…Bangui, Central African Republic · BanguiRead Article

Jumia Stocks Rise Marginally as AXIAN Telecom Takes 8% Stake

African e-commerce player Jumia is charting a new strategic course, and investors are taking notice. The company’s shares saw a 2% bump on Wednesday, climbing to $3.31, after Mauritius-based AXIAN Telecom secured an 8% minority stake. This move signals a potential shift in Jumia’s trajectory, pushing its market capitalisation to $406.58 million. The fresh investment from AXIAN, a pan-African telecom and digital services group, arrived early June…Stock Markets · MauritiusSee the Story

Fincra Secures Bank of Tanzania Payment System Provider License, Boosting East African Expansion

Fincra, a Nigerian payment platform offering solutions for online and offline payments, multicurrency accounts, and global transfers, has secured a payment system provider license from the Bank of Tanzania. The license under the 2015 Payment Systems Licencing and Approval Regulations, authorizes Fincra to deliver secure, scalable, and compliant payment solutions to businesses and consumers in […] The post Fincra Secures Bank of Tanzania Payment …Startups · TanzaniaSee the Story

Nigeria’s Moniepoint targets to aquire Kenya’s 'chama' turned billion-shilling microfinance bank

The Competition Authority of Kenya (CAK) has unconditionally approved the proposed acquisition of a 78% shareholding in Sumac Microfinance Bank Limited by Moniepoint Inc.  The decision, published on June 2, 2025, follows a comprehensive review that concluded the transaction will not adversely affect competition or raise public interest concerns in Kenya’s microfinance sector. Moniepoint Inc., the acquiring company, is a U.S.-incorporated private…Startups · KenyaSee the Story

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