MTN Ghana Releases First Quarter 2024 Trading Update
Scancom PLC (MTN Ghana or Scancom PLC) announces its unaudited results for the quarter ended March 31, 2024. The key highlights are: Subscribers Mobile subscribers increased by 1.2% to 27.8 million. Active data subscribers increased by 15.3% to 16.0 million. Active Mobile Money (MoMo) users increased by 16.1% to 15.6
Read MorePeloton to lay off 400 employees as CEO Barry McCarthy departs
Peloton, the exercise equipment maker, said it is laying off 15% of its workforce as part of cost-cutting measures. © 2024 TechCrunch. All rights reserved. For personal use only.
Read MoreMTN Nigeria Releases First Quarter 2024 Trading Update
MTN Nigeria Communication Plc (“MTN Nigeria” or the “Company”) announces its unaudited results for the quarter ended March 31, 2024. The key highlights are: Total subscribers increased by 1.3% to 77.7 million Declined by 2 million versus Q4 2023 due to the implementation of the NIN-SIM directive, which affected the
Read MoreRenda, which provides order fulfillment for businesses in Africa, takes in $1.9M
The logistics industry in Nigeria, like any informal sector, struggles with poor infrastructure and other inefficiencies, making it difficult for businesses — both large and small — to move and store goods. Many startups have tackled middle-mile and last-mile delivery challenges, but one untapped area is providing an end-to-end fulfillment
Read MoreThe Rise of RegTech: An Overview of Regulatory Technology
In the dynamic realm of financial services, regulatory compliance has evolved into a complex and costly endeavor. Enter Regulatory Technology or RegTech. This innovative field harnesses technology to simplify and streamline compliance processes for businesses, especially within the financial sector. RegTech, in essence, entails the management of regulatory processes in
Read MoreDigital fraud detection startup BioCatch hits $1.3B valuation as Permira buys majority stake
Digital fraud detection company BioCatch has a new majority shareholder in the form of U.K private equity firm Permira. © 2024 TechCrunch. All rights reserved. For personal use only.
Read More5 Top JSE listed African Telcos and their CEOs Earnings
Prosus N.V: is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities. Naspers: is a global internet group and one of the
Read MoreButcherBox acquires ‘Shark Tank’-featured startup Truffle Shuffle
Butcherbox is known for grinding its way forward, bootstrapping to more than $600,000 worth of revenue. The company hasn’t traditionally been on the M&A path, but it today announced it is acquiring Truffle Shuffle – who you may remember from a Shark Tank episode back in 2021 (or, perhaps, The
Read MoreUnlocking the Potential of Digital Finance in Africa
The Digital Finance Africa 2024 event, hosted by IT News Africa, will take place on the 4th of July in the vibrant city of Sandton, Johannesburg. This pivotal conference, led by a community of like-minded professionals dedicated to advancing Africa’s financial industry, stands at the heart of the transformative leap
Read MoreFreshworks acquires Device42 for $230M, appoints Dennis Woodside new CEO
Freshworks, the publicly listed SaaS firm, is acquiring U.S.-based startup Device42 for $230 million, the company disclosed in an SEC filing. Alongside the acquisition disclosure, Freshworks revealed that founder Girish Mathrubootham has stepped down as CEO. Dennis Woodside, who joined Freshworks as president in September 2022 and previously served as
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