Three of Nigeria’s biggest banks lost $1.56 million to fraud in 2025
Nigeria's biggest banks lost $1.56 million to fraud in 2025. While incidents fell, fraudsters are extracting more per attack as digital payments scale.
Tech
MTN Rwanda returns to profit as data and fintech drive Q1 growth
MTN Rwanda returned to profit in the first quarter of 2026, helped by strong growth in internet usage and mobile money services.
Agritech attracts strongest African angel investor interest despite funding decline
New report reveals that in 2025, agriculture and agritech have emerged as the top choice for African angel networks and the second choice for individual angels.
Kenya’s Watu posts record $37 million profit on phone financing explosion
The Nairobi-based company reported a net profit of KES 4.8 billion ($37 million) for the year ended December 31, 2025, up from KES 157 million ($1.2 million) a year earlier. Revenue rose 92.7% to KES 28.3 billion ($219.2 million), according to disclosures by Car & General, which holds a 29% stake in
👨🏿🚀TechCabal Daily – Glovo serves up Nairobi
In today's edition: Glovo opens head office in Nairobi || Egyptian fintech Valu becomes an SME lender || South Africa’s IT agency gets new board || Airtel revenue per user climbs in Nigeria
SASSA SRD grant payment dates for May 2026 explained
Since SASSA only processes payments on business days, most beneficiaries will see their money between Monday, May 25 and Friday, May 29.
Nigeria now Airtel Africa’s second-largest market by revenue per subscriber
ARPU measures how much telecom operators earn per subscriber and is a key indicator of whether revenue is sufficient to cover operating costs and fund network investments.
Opera-backed stablecoin app MiniPay rides Africa demand to 15 million wallets
It underscores how Africa has become one of the world's most active testing grounds for crypto payments and dollar savings products.
Paga enters crypto through partnership with blockchain network Sui
It marks Paga's first formal move into crypto since Tayo Oviosu transitioned to Group Chief Executive Officer (CEO) in April.
Safaricom is pushing M-PESA deeper into Kenya’s retail investing market
Safaricom, Kenya’s largest telecom operator, is expanding M-PESA's presence in retail investing after assets in its money market fund, Ziidi, more than doubled.