Author: Insider Editor

Zambia has witnessed the debut of DigMo, a fintech startup promising to reshape financial habits for the nation’s underserved populations. Licensed by the Bank of Zambia, DigMo provides a secure, free digital money account targeted at low- and middle-income earners, a segment that has long been excluded from traditional financial services. At the heart of DigMo’s innovation lies its unique “Save to Win” feature, a gamified financial planning tool. Users can save as little as ZMW10 (about $0.37) to participate in prize draws, with winnings as high as ZMW500,000 ($18,400). This playful yet practical approach aims to foster a culture…

In a bold move prioritizing user security, Bitmama, a prominent player in the African cryptocurrency ecosystem, has temporarily suspended its card services following unexpected challenges with its Mastercard provider. The decision, announced earlier this week, reflects the company’s commitment to ensuring the safety and trust of its growing user base. Bitmama’s cards, a flagship offering enabling users to seamlessly convert cryptocurrency into fiat for everyday transactions, have been instrumental in bridging the gap between decentralized finance and traditional spending. However, the pause in services is seen as a proactive step. “This was a tough but necessary decision,” Bitmama stated in…

The Communications Regulatory Authority of Namibia (CRAN) has instructed Starlink to cease its operations in the country due to non-compliance with local licensing requirements. CRAN explained that the SpaceX subsidiary has been offering its services in Namibia without obtaining the necessary regulatory approvals. As a result, the public has been prohibited from purchasing Starlink services until the proper licenses are granted. This decision highlights the importance of adhering to local regulations and ensures that all service providers, including international ones, follow the same legal standards. According to Namibian law, all telecommunications providers must secure a license from CRAN before offering…

Temu, the Chinese eCommerce company, has become the most popular app in Nigeria’s Google Play Store and Apple App Store. In recent days, the app has topped the charts, surpassing 500 million downloads on the Android platform. According to SimilarWeb, OPay is currently the second most popular app in Nigeria, followed by Crypto Mayors in third place. WhatsApp holds third position overall. On the Apple App Store, Temu continues to lead, with social networking app Bammby securing second place, and OPay in third. Temu’s surge in popularity comes as no surprise, given the heavy advertising campaign across Nigerian media. The…

Timi Oke is the co-founder and CEO of AgroEknor, a company that exports dried hibiscus flowers grown in Nigeria to markets around the world, including the US, Mexico, and Europe. He landed his first agricultural trading deal through LinkedIn while still working at a bank in the UK. Timi Oke, a Nigerian-born entrepreneur, has always had a passion for agriculture. While working at a bank in the UK, he used LinkedIn to explore opportunities in the industry. In 2012, his efforts led him to connect with an importer in Mexico looking to source hibiscus from Nigeria. Hibiscus, often considered a…

TD Africa, a leading technology distributor in Sub-Saharan Africa, has partnered with Check Point Software Technologies Ltd., a global cybersecurity leader, to bolster Nigeria’s cybersecurity resilience. The partnership was announced at a partner roundtable event in Lagos, attended by industry executives, stakeholders, and IT professionals. The event facilitated in-depth discussions on emerging cybersecurity trends and encouraged strategic collaborations to enhance digital security across the country. Participants explored innovative digital security solutions, culminating in a networking session aimed at fostering future partnerships and reinforcing Nigeria’s digital infrastructure. Abiodun Idowu, Assistant General Manager at TD Africa, emphasized the company’s commitment to providing…

Nigeria’s Finance Minister and Coordinating Minister of the Economy, Wale Edun, highlighted Nigeria as Africa’s top investment destination at the France-Nigeria Business Forum in Paris, organized by the Movement of French Enterprises (MEDEF). Addressing a gathering of French and Nigerian business leaders, policymakers, and investors, Edun pointed to key sectors with significant growth potential, including agriculture, renewable energy, infrastructure, technology, and the creative industries. He shared details of the Nigerian government’s initiatives to attract foreign investment, such as offering incentives like tax holidays, duty waivers, and the creation of Special Economic Zones (SEZs) to foster business growth. Edun also underscored…

Ghanaian lawyer, entrepreneur, and human resources professional Elsie Appau-Klu has been honored with two major awards, recognizing her outstanding contributions to social entrepreneurship and human resource development. At the Global Entrepreneurship Festival in Akure, Nigeria, Elsie was presented with the Global Recognition Award in the Social Entrepreneurship and Impact category. This award celebrates her work as a driving force for change, empowering communities and inspiring others across Africa’s business landscape. Known for her innovative approach and dedication, Elsie has cemented her reputation as a leader and changemaker, paving the way for meaningful progress in entrepreneurship and workforce development. She was…

The UNDP (The United Nations Development Programme) and Ethiopia’s Ministry of Industry have teamed up to launch the Timbuktoo ManuTech Hub in Addis Ababa. This hub is designed to support African startups with funding, mentorship, and access to cutting-edge technology. Set to open in early 2025, it will host startups from across the continent, chosen twice a year through a competitive application process. The first call for applications was announced during Ethiopia’s recent public consultation on its startup policies. The ManuTech Hub aims to transform Africa’s manufacturing industry by combining innovation, technology, and collaboration. Startups selected for the program will…

In 2015, three ambitious women Kudzayi Hove, Nana Appiah-Korang, and Onome Allu embarked on a journey to redefine the FMCG landscape in Nigeria. Together, they founded Amayi Foods, a company focused on crafting West African condiments and food mixes using natural ingredients. But their vision extended beyond food; they aimed to empower farmers, strengthen communities, and build a business that reflects the potential of African innovation. At the heart of Amayi Foods is a commitment to sustainability and empowerment. Through partnerships with local farmers, the company sources the freshest ingredients while supporting over 20 community projects. This approach not only…