Business

Deals, regulation and the money behind the machines.

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Dangote's IPO Broke Three Nigerian Investing Apps at Login

Bamboo, Cowrywise and Afrinvest degraded on day one of the Dangote Refinery offer. Users reported failed logins. The offer stays open until 13 October.

BusinessSep 13

Kenya's Data Centre Licence Costs 0.9% of Revenue, Not 0.4%

The 0.4% everyone reported is the CA's house rate. The cost that is actually new is a 0.5% Universal Service Fund levy, sitting in paragraph 18.

BusinessSep 2

Uber quits Nigeria and Uganda as the naira breaks its math

Two exits in one day, the third and fourth in Africa in a year, and a 10% global staff cut. The public numbers point at the naira and fuel prices.