Samuel Nwite
AUTHOR: Samuel Nwite
Central Bank of Nigeria Increases Interest Rate on Savings Deposits to 4.65%
On Tuesday, the Central Bank of Nigeria (CBN) directed banks to pay at least 4.65% interest on savings deposit accounts; a remarkable move which...
SouthSweep, South Africa’s Home Service Startup, Raises $11m in Funding
The African tech economy is gradually expanding, shifting focus from fintech to non-financial services sectors, with edtech, logistics etc. gaining prominence recently.
The expansion has...
CBN Raises Interest Rate to 15.5%, the Highest in 20 Years
The much anticipated Monetary Policy Committee meeting was held in Abuja, the nation’s capital, on Tuesday. Following the MPC meeting, the Central Bank of...
Vendease, African Food Procurement Startup, Raises $30m in Series A Round
For years, African restaurants have struggled with procurement and preservation of foodstuffs, resulting in waste of food products and loss of revenue. This situation...
Africa’s Fastest Internet Speed Still Ranks Below Global Average
Africa has continued to lag behind when it comes to mobile internet speed, falling way behind other regions. The 2022 Speedtest Global Index published...