MTN Ghana’s $1 Billion investment plan unveiled after tax exemption

South Africa’s telecommunication giant MTN has agreed to invest a total sum of $1 billion in Ghana over the next five years. MTN Chief Executive Officer Ralph Mupita said the company was committed to investing in the west African country following a tax exemption amounting to about $773 million. He said they intend to invest

MICROCAPITAL BRIEF: Yabx Raising Equity to Expand Backoffice Fintech for Financial Inclusion in Nigeria

Verdant Capital, a Mauritius-based corporate finance firm, recently announced that it is raising equity financing for Yabx Technologies, a Netherlands-based provider of software that enables digital lending, to expand its operations in Nigeria. The company helps financial services providers offer products such as personal loans; buy-now-pay-later payment plans; and loans for MSMEs (micro-, small and

Africa’s streaming war hinges on local content

With streaming services today in a global race for eyeballs, market leaders such as Netflix, Disney Plus, and Amazon Prime Video have had to look beyond the borders of their home markets, especially with increased competition in North America and Europe. With rapidly increasing internet connectivity in Africa, a youthful population, and a growing middle-class,

Is trading legal in Africa?

In the last four decades, trading has become a common practice worldwide. From developed countries like the US to developing economies like China, it has spread everywhere. Fortunately, Africa is no exception. Trading is allowed in different parts of African continents like South Africa, Nigeria, Ghana, etc. In fact, trading options like forex trading have

Black Sherif wins Soundcity MVP Awards 2023 Festival’s Best Hip Hop Song category

Ghanaian singer and rapper, Black Sherif has won the prestigious Hip Hop Act of the Year at the 2023 edition of Soundcity MVP Awards festival, which was held at the Eko Convention Center, Lagos, Nigeria. The 21-year-old singer beat off competition from other musicians like M.I from Nigeria, Nasty C from South Africa, Ladipoe from

South Africa declares national state of disaster over floods

JOHANNESBURG, Feb 13 (Reuters) – South African President Cyril Ramaphosa has declared a national state of disaster to enable an intensive response to widespread flooding that has affected seven of the country’s nine provinces. Mpumalanga and the Eastern Cape have been most affected by the floods, which were brought on by heavy rainfall as a