Author: Insider Editor

After years of delivering cooked meals, laundry, and home cleaning to Lagos households, Eden Life is pressing pause on its consumer business. The Nigerian home services startup has suspended its individual subscriptions to concentrate on corporate catering and industrial food operations, a segment it says offers stronger margins and a clearer path to profitability. The company described the move as a strategic reset aimed at reaching profitability by 2026. In a statement released on Wednesday, Eden Life said it is consolidating resources and doubling down on its business-to-business (B2B) operations. “For Eden Life, ‘pausing’ is a strategic transition,” the company…

A Nigerian cross-border payments company Reanest, provides multicurrency accounts for freelancers and businesses, has launched its services in India and the Philippines, marking its expansion into South and Southeast Asia. The move targets freelancers and digital professionals earning income across borders. The expansion follows Raenest’s entry into the US market in October 2025, where it introduced four new products, including faster freelance payouts, stock investing, and stablecoin conversion. While not all these products are yet available in Asia, users in India and the Philippines now have access to Raenest’s core payment tools, excluding local currency wallets and US stock investments.…

South Africa’s Nedbank Group has committed to retaining all current NCBA employees after completing its proposed acquisition of the Kenyan lender, seeking to ease typical concerns that accompany large cross-border bank deals in East Africa. NCBA confirmed the assurances in a Monday notice, stating that its staff would play a central role in Nedbank’s regional expansion strategy. The pledge was a key factor behind NCBA’s board recommending the transaction to shareholders. “The offeror has confirmed that following completion of the proposed transaction, the existing contractual and statutory employment rights of NCBA management and employees will remain in full force,” the…

Wimbart, a public relations agency focused on business and technology sectors across Africa and emerging markets, has launched Wimbart Lite, a dedicated service for pre-seed and early-stage startups. The service is aimed at African companies that have raised under $1 million and need targeted, fast-turnaround communications support. Its launch comes as Africa’s tech ecosystem matures and competition for media attention intensifies, putting early-stage startups under pressure to showcase traction to investors, partners, and customers. PR costs have long been a barrier for small companies. In some African markets, small businesses spend up to $1,500 monthly on basic PR retainers, while…

When the Meta-backed 2Africa submarine cable landed at Qua Iboe Beach in Akwa Ibom State on February 20, 2024, it quietly changed the shape of Nigeria’s internet infrastructure. For the first time, an international subsea cable landed on Nigerian soil outside Lagos, breaking a decades-long pattern that had funnelled almost all of the country’s global internet traffic through a single coastal city. For Equinix, which facilitated the landing through MainOne Solutions by Equinix, the move marked the beginning of a broader plan to build a second digital anchor for Nigeria in the South-South region. The goal is to reduce the…

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) unveiled the proposal on Monday in a joint exposure draft aimed at fixing one of the most common frustrations for mobile users: losing money to airtime and data mistakes with no clear path to a refund. Under the proposed rules, mobile network operators, licensed service providers, and banks will now share responsibility for resolving consumer errors, something that has largely been ignored in the past. If a subscriber accidentally buys more airtime or data than intended, the excess value must be reversed within 24 hours after a complaint…

Amazon’s plan to deliver satellite Internet in Nigeria is closer to reality, but it is not yet ready for takeoff. While the Nigerian Communications Commission (NCC) has granted regulatory approval for Amazon’s low-Earth-orbit (LEO) satellite project now branded Amazon LEO (formerly Project Kuiper) the company still needs two additional licences: an Internet Service Provider (ISP) licence and an International Access Gateway licence. Without these, Amazon cannot legally sell internet services or scale nationwide. Currently, Amazon holds a satellite landing permit, which allows it to beam coverage over Nigerian territory but does not authorise the company to provide last-mile internet to…

One of the continent’s largest telecom operators Airtel Africa, has expanded its fibre network to over 81,500 kilometres as of December 2025, reinforcing its push to improve connectivity across its 14 markets, according to the company’s latest financial report. The company added around 4,000 km of new fibre in the past nine months, raising population coverage to 81.7%, up 0.6 percentage points from the previous year. The fibre rollout is part of an accelerated investment programme, which saw Airtel Africa spend $603 million in capital expenditure, a 32.2% increase from the previous period. The company also deployed roughly 2,500 new…

Moniepoint, then known as TeamApt, was quietly building payment infrastructure for banks. By 2025, it had become one of the most critical pipelines through which Nigeria’s informal economy moves money. Originally a back-end technology provider, TeamApt supplied banks with payment infrastructure. In 2019, it began courting merchants directly under the Moniepoint brand, crossing 100,000 daily transactions that year. In 2023, the company rebranded from TeamApt to Moniepoint, signaling both the success of its flagship product and its ambition to engage more closely with customers. By 2025, Moniepoint processed ₦412 trillion ($297 billion) and handled over 14 billion transactions, illustrating a…

The Central Bank of Kenya (CBK) has cautioned the public against using banknotes in ways that damage them, following a rise in cash flower bouquets and ornamental money displays. The regulator says such practices violate the country’s Penal Code and compromise the integrity of the currency. In a notice issued on Monday, CBK said it has noticed more Kenyans using Shilling notes to create cash bouquets, decorative arrangements, and other ornamental displays, particularly at weddings, graduations, and celebrations. While the bank does not object to giving cash as a gift, it emphasized that banknotes must not be altered, defaced, or…