At the time we reported on Nigerian cloud startups rallying behind some proposed data rules to escape the claws of foreign hyperscalers, something about the mood felt slightly off.
As 2025 heads into its second half, the question is no longer whether funding will return. It has. The question now is: where will it go next — and who will be left behind?
For these companies — names like Chipper Cash, LemFi, Flutterwave, and TapTap Send — a 5% tax on remittances out of the U.S. would have fundamentally altered their business models.
Just weeks after calling out Yellow Card over its alleged involvement with a dubious stablecoin scheme, the central bank has returned with another blacklist .
On Thursday, June 28, President Bola Tinubu signed into law four new tax bills, describing them as pivotal to the success of his administration's reforms and the country's prosperity.
Ethiopia's central bank has issued a long-anticipated directive that lays out the licensing framework for foreign banks and investors looking to tap into Africa’s second-most populous nation.
For these companies — names like Chipper Cash, LemFi, Flutterwave, and TapTap Send — a 5% tax on remittances out of the U.S. would have fundamentally altered their business models.
At the time we reported on Nigerian cloud startups rallying behind some proposed data rules to escape the claws of foreign hyperscalers, something about the mood felt slightly off.
