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  • atc_admin
    2025-05-09 08:23:59

    Jumia stock rallies 20% on future profit hopes


    Jumia’s stock rose 20% Friday after the company reaffirmed its path to profitability by 2027, even as losses widened and revenue fell in Q1 2025.


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    Jumia stock rallies 20% on future profit hopes

    Jumia’s stock rose 20% Friday after the company reaffirmed its path to profitability by 2027, even as losses widened and revenue fell in Q1 2025.

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  • atc_admin
    2025-05-08 23:10:00

    Uber pilots two wheeler service in Johannesburg, eyes untapped South African market


    South Africa does not have a widespread, formally recognized motorcycle taxi industry in urban centers. Uber Moto hopes to change that gradually with a pilot phase.


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    Uber pilots two wheeler service in Johannesburg, eyes untapped South African market

    South Africa does not have a widespread, formally recognized motorcycle taxi industry in urban centers. Uber Moto hopes to change that gradually with a pilot phase.

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  • atc_admin
    2025-05-08 11:23:03

    BREAKING: Jumia narrows losses to $16.5 million in Q1 ’25 as currency problems pressure revenues


    "We believe to be on track for the fourth quarter of 2026, targeting full-year profitability on a loss before income tax basis in 2027," said optimistic CEO Francis Dufay


    https://thecondia.com/jumia-narrows-loss-q1-25-16-million/' target='_blank'>Read Full Story

    BREAKING: Jumia narrows losses to $16.5 million in Q1 ’25 as currency problems pressure revenues

    "We believe to be on track for the fourth quarter of 2026, targeting full-year profitability on a loss before income tax basis in 2027," said optimistic CEO Francis Dufay

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  • atc_admin
    2025-05-08 08:08:06

    Airtel Africa defies devaluations, posts $328M profit in FY ’25


    Voice revenue regained control, rising to $1.96 billion and towering data revenues of $1.80 billion. Mobile money revenue grew to $994 million, with a continued strong performance in East Africa of 31.9% and Francophone Africa of 22.2%


    https://thecondia.com/airtel-africa-reports-328m-profit/' target='_blank'>Read Full Story

    Airtel Africa defies devaluations, posts $328M profit in FY ’25

    Voice revenue regained control, rising to $1.96 billion and towering data revenues of $1.80 billion. Mobile money revenue grew to $994 million, with a continued strong performance in East Africa of 31.9% and Francophone Africa of 22.2%

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  • atc_admin
    2025-05-08 07:29:04

    BREAKING: Airtel Money plans 2026 IPO amid fintech growth push


    Airtel Money has been a significant growth driver for Airtel Africa. The service operates in 14 countries across the continent, including key markets like Zambia, Uganda, Tanzania, Malawi, Gabon, and the Democratic Republic of Congo.


    https://thecondia.com/airtel-money-ipo-2026/' target='_blank'>Read Full Story

    BREAKING: Airtel Money plans 2026 IPO amid fintech growth push

    Airtel Money has been a significant growth driver for Airtel Africa. The service operates in 14 countries across the continent, including key markets like Zambia, Uganda, Tanzania, Malawi, Gabon, and the Democratic Republic of Congo.

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  • atc_admin
    2025-05-07 12:26:42

    Swedfund backs TLG fund with $15 million to strengthen SMEs


    Swedfund has invested $15 million in the TLG Africa Growth Impact Fund II to help bridge Africa’s SME financing gap. The fund targets job creation and economic recovery for small and medium-sized businesses, working alongside global partners.


    https://thecondia.com/swedfund-invests-15m-tlg-fund-ii/' target='_blank'>Read Full Story

    Swedfund backs TLG fund with $15 million to strengthen SMEs

    Swedfund has invested $15 million in the TLG Africa Growth Impact Fund II to help bridge Africa’s SME financing gap. The fund targets job creation and economic recovery for small and medium-sized businesses, working alongside global partners.

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  • atc_admin
    2025-05-07 10:28:43

    Nigerian ride-hailing drivers take welfare fight to lawmakers


    Drivers suffering under the weight of macroeconomic conditions have continued to advocate for acceptable policies to survive the ride-hailing sector, enduring low patronage.


    https://thecondia.com/ride-hailing-welfare-lawmakers/' target='_blank'>Read Full Story

    Nigerian ride-hailing drivers take welfare fight to lawmakers

    Drivers suffering under the weight of macroeconomic conditions have continued to advocate for acceptable policies to survive the ride-hailing sector, enduring low patronage.

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  • atc_admin
    2025-05-07 08:41:24

    SEC flags unregistered investment schemes by PWAN/PWAN MAX


    Nigeria’s SEC has issued a public warning against PWAN and PWAN MAX, calling out their unauthorized capital-raising practices and possible ponzi structure.


    https://thecondia.com/sec-warns-against-pwan-investment-scheme/' target='_blank'>Read Full Story

    SEC flags unregistered investment schemes by PWAN/PWAN MAX

    Nigeria’s SEC has issued a public warning against PWAN and PWAN MAX, calling out their unauthorized capital-raising practices and possible ponzi structure.

    Read Full Story

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  • atc_admin
    2025-05-06 10:33:00

    Cardoso’s CBN cuts government advances by 58%, signaling new fiscal discipline


    This reduction marks a significant departure from the previous era under former CBN Governor Godwin Emefiele.


    https://thecondia.com/cardoso-cbn-cuts-govt-lending-58/' target='_blank'>Read Full Story

    Cardoso’s CBN cuts government advances by 58%, signaling new fiscal discipline

    This reduction marks a significant departure from the previous era under former CBN Governor Godwin Emefiele.

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  • atc_admin
    2025-05-06 09:22:42

    Students heave sigh of relief following MTN’s come back to Kogi


    MTN Nigeria has resumed full network services across Kogi State after a two-week outage caused by a tax dispute. The return brings major relief to over 1.5 million residents and students at Federal University Lokoja who faced severe academic and communication setbacks.


    https://thecondia.com/mtn-network-restoration-kogi-students-relieved/' target='_blank'>Read Full Story

    Students heave sigh of relief following MTN’s come back to Kogi

    MTN Nigeria has resumed full network services across Kogi State after a two-week outage caused by a tax dispute. The return brings major relief to over 1.5 million residents and students at Federal University Lokoja who faced severe academic and communication setbacks.

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  • atc_admin
    2025-05-05 15:00:00

    Top 5 Skype Alternatives for African Startups in 2025


    In the wake of Skype’s shutdown, African startups and tech teams need to make informed decisions about which communication tools best suit their needs.


    https://thecondia.com/skype-alternatives-africa-startups-2025/' target='_blank'>Read Full Story

    Top 5 Skype Alternatives for African Startups in 2025

    In the wake of Skype’s shutdown, African startups and tech teams need to make informed decisions about which communication tools best suit their needs.

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  • atc_admin
    2025-05-05 14:03:40

    Airtel Africa teams up with SpaceX to expand Starlink internet in underserved regions


    The rollout will cover Nigeria, Kenya, Malawi, Madagascar, Zambia, Rwanda, Niger, Chad, and the Democratic Republic of Congo, all markets where Airtel is already active.


    https://thecondia.com/airtel-africa-spacex-starlink-internet/' target='_blank'>Read Full Story

    Airtel Africa teams up with SpaceX to expand Starlink internet in underserved regions

    The rollout will cover Nigeria, Kenya, Malawi, Madagascar, Zambia, Rwanda, Niger, Chad, and the Democratic Republic of Congo, all markets where Airtel is already active.

    Read Full Story

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