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.
Currently, recipients of remittances in Ethiopia have a variety of options, including mobile money services, cash pickups through agents, and direct bank deposits.
The offer is available on both prepaid and postpaid plans. Young people registered with the Mauritius Revenue Authority (MRA) will automatically receive 30 days of unlimited internet access (capped at 6GB per day) each month.
The round is the largest publicly disclosed tech Series A round in the country this year and signals growing local investor appetite for homegrown digital platforms.
Temu’s expansion comes less than a year after Jumia Technologies AG, often dubbed the “Amazon of Africa,” shut down operations in South Africa and Tunisia.
The round is the largest publicly disclosed tech Series A round in the country this year and signals growing local investor appetite for homegrown digital platforms.
Ghana’s innovation economy is facing a busy and bewildering few weeks. Two major deadlines — one regulatory, the other legislative — are fast approaching.
