Katlego Maphai exits the CEO role after a decade, handing over leadership to co-founders Matshoba and Wattrus as Yoco enters a new stage of growth and operational focus.

A Nigerian-led phishing service, RaccoonO365, made $100K from fake Microsoft sites before being shut down. Microsoft seized 338 domains used to steal credentials from 94 countries.

PayU Kenya has shut down after six years, appointing a liquidator to wind up its operations in the country.

NIMC warns Nigerians against selling their NINs for ₦2,000, citing rising cases of identity theft driven by poverty and low digital literacy.

Uganda plans to offer tax breaks to electric motorcycle assemblers, aiming to boost local production and cut emissions under its National E-Mobility Strategy.

Ghana plans to regulate crypto platforms by late September 2025, aligning with Africa’s broader move to bring digital assets into the formal financial system.

MTN’s nationwide roaming deal lets 9Mobile users piggy-back on Nigeria’s widest network, promising stronger signals, fewer dropped calls, and a lifeline for the struggling operator.

Kenya's cyber threat landscape has exploded in early 2025, reaching 2.54 billion incidents within three months.

Nigeria’s Corporate Affairs Commission has launched an AI-powered portal that can now complete business registrations in just 30 minutes. This aims to streamline the formalisation process, providing quicker access to essential services.

Tesla launches its first African office in Casablanca, signalling a broader push into the continent’s EV and energy market ahead of a planned factory in Morocco.

Moove, a Nigerian mobility fintech plans to raise $300m to push its valuation past $1bn, potentially making it Africa’s next unicorn.

MTN Uganda plans to spin off its fintech division, aligning with a wider MTN Group strategy across Africa.

Strong growth in Nigeria and Ghana helped MTN Group post a 33% profit surge in Q1 2025, with rising data and fintech revenues powering performance in both key markets.

Safaricom posts an 11% profit jump to $540 million, with reduced Ethiopia losses and strong Kenyan growth.

Safaricom is exploring satellite partnerships as competition with Starlink grows, signalling a shift in Kenya’s internet market and pushing for regulatory reforms.

A Federal High Court has ruled that the FCCPC overstepped its bounds in challenging MultiChoice’s price hike, violating the company’s right to fair hearing.

Airtel Africa processed $145 billion in mobile money transactions in FY 2025. Despite currency challenges, the company posted strong gains, boosting its full-year profit to $328 million.

Airtel Africa has postponed the IPO of its mobile money unit to 2026, pushing back its original 2025 target as it focuses on expanding its digital payments business.

Swedfund has invested $15m in TLG Capital’s Africa Growth Impact Fund II to support struggling African SMEs, aiming to preserve jobs and fuel sustainable growth.

Backed by Google for Startups and angel investors from Tesla, Nigerian healthtech startup Plato Health has raised $1.4 million in pre-seed funding to scale its AI-driven platform and smart medical devices that help users monitor and manage chronic conditions from home.