Under POPIA, companies found to have breached data protection rules face severe penalties, including fines of up to R10 million (roughly $550,000) or prison sentences of up to 10 years.
The decision could have wider implications for how regulators approach competition issues, particularly in sectors dominated by multinational corporations.
This move marks the end of the freemium banking era for millions of Nigerians, who have long enjoyed cost-free electronic transactions from the country’s fast-growing financial technology sector.
Before co-founding Bumpa in 2018 alongside Kelvin Umechukwu, he had already amassed over a decade of experience in software development and technology infrastructure.
The Averroès Fund of Funds operates as an intermediary, strategically investing in various African-based funds rather than directly into individual companies.
Egyptian fintech startup Bokra has secured a crucial operating licence from the country’s Financial Regulatory Authority (FRA), marking a significant step for the Sharia-compliant investment platform. The approval comes roughly a year after the company raised $4.6m in a pre-seed funding round, indicating rapid...
Before co-founding Bumpa in 2018 alongside Kelvin Umechukwu, he had already amassed over a decade of experience in software development and technology infrastructure.
A wave of economic turmoil is hitting Nigerians—and, by extension, startups—eroding their purchasing power. In response, one startup is turning to international markets under new leadership.
