Daily Newsletter

The interest ban on stablecoins gets the headlines. The provision that actually decides who wins is quieter: every Kenyan stablecoin issuer must park at least 30% of its reserves inside a Kenyan commercial bank, with the rest locked in…

Nine months of silence from the government. So Simplex's founder went public — posted his frustration online, watched it spread, and suddenly the land appeared.

MTN and Vodacom each made roughly R100 billion in South African revenue last year. The maximum fine ICASA can levy under the Electronic Communications Act is R5 million — about $298,000 — per operator.

Shola Akinlade launched Zap with a genuinely sharp thesis: bank transfers were eating Nigeria's payments, growing from 28% to 58% of Paystack's transaction volume in a single year. Bet on that, and own it cleanly.

Ghana's regulator hit MTN with a 40% pricing premium in the 5G spectrum auction — precisely because the company commands over 60% of the mobile market and the regulator didn't want dominance locked in for another generation.

Every previous Capitec challenger built a product and then hunted for customers. Pepkor is doing something structurally different: 32 million people already hand it money every week, at stores in the same neighbourhoods where Capitec built…

Data revenue hit ₦1.70 trillion — more than half of MTN Nigeria's total service revenue — and grew at 38.4%, outpacing everything else the company does.

The warning is real — but it isn't hypothetical. We've already watched African-built AI get harvested by well-capitalised platforms while the founders and the value move elsewhere.

The source material here is thin — we have a headline and a summary, nothing more — so I won't manufacture detail that isn't there.

Losses more than halved last year. Break-even is projected by March 2027. And now 14.7 million subscribers.