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StanChart's net profit skyrocketed by 38% to a ceiling-shattering Ksh12.44 billion ($95.7 million) in 2022. On the other hand, Absa’s profit soared to Ksh14.6 billion (~$112 million). More in #TCDaily.
Africa’s most valuable company by market capitalisation, Naspers, has shut down its $100 million venture capital fund Naspers Foundry in an effort to scale down its operations.
On Friday, news broke that the US Federal Deposit Insurance Corporation (FDIC) had shut down Silicon Valley Bank (SVB).Here's a quick breakdown of why this is a big deal and how it affects African startups.
Here's how Omobola Johnson, Lynda Saint-Nwafor, Adia Sowho, Funke Opeke, and Juliet Ehiamun-Chiazor have impacted the ICT sector.
Three plaintiffs have indicted Safaricom and Vodafone in a $2.4 billion lawsuit which claims that Safaricom is operating its M-Pesa arm and Fuliza, its overdraft service, illegally.