techpoint.africa news headlines

Non-profit Accion launches $152.5 million fund to support financial institutions in Africa

Accion, a non-profit organisation, has announced launching the Accion Digital Transformation Fund, a $152.5 million investment, to back companies serving micro, small, and medium enterprises (MSMEs) across Africa, South and Southeast Asia, and Latin
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15 May 2024

MTN Group service revenue plunges 18.8% in Q1 2024, fintech revenue up 11.4%

MTN Group has reported an 18.8% fall in Q1 service revenue compared to Q1 2023. The decline in service revenue was contributed by MTN Nigeria's 52.8% decline, while South Africa grew marginally by 3%. However, its fintech revenue was up by 11.4%.
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15 May 2024

d.light gets $3.4 million to provide solar home systems to refugees in Uganda

Three months after securing $7.4 million in securitised financing, d.light has announced that it will provide 10,000 subsidised solar home systems to Ugandan refugees through a $3.4 million grant.
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15 May 2024

Teaching AI in Hausa language

Today on Techpoint Digest, we discuss Google's plans to teach AI in Hausa, the fastest growing startups in Nigeria, and Nigeria's fibre optic expansion project
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15 May 2024

Google's Hausa-speaking AI teacher aims to enhance the learning experience for students in Kaduna

Google has partnered with the Kaduna State Government to teach students how to use AI tools in Hausa. However, Kaduna has a bigger dream of becoming a tech hub, a dream AI might not be able to solve.
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15 May 2024

Bamboo launches Nigerian stocks to help Nigerians diversify portfolio

Bamboo has launched Nigerian stocks on its platform. Users can now invest in Nigeria companies like Access Holdings, MTN Nigeria Communications, Dangote Cement, and Nestle Nigeria.
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14 May 2024

d.light gets $3.4 million to provide solar home systems to refugees in Uganda

Three months after securing $7.4 million in securitised financing, d.light has announced that it will provide 10,000 subsidised solar home systems to Ugandan refugees through a $3.4 million grant.
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14 May 2024

Zimbabwe mulls return of mobile money services after currency woes

Zimbabwe is considering allowing mobile money agents to resume operations after blaming them for the collapse of the Zimbabwean dollar in 2020.
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14 May 2024

Tanzania's central bank bans unlicensed loan apps with new directive

The Bank of Tanzania (BOT), the East African country's central bank, has directed all unlicensed digital lenders to halt operations immediately.
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14 May 2024