American firm Stripe has purchased Nigerian fintech startup Paystack, as it aims to taps into the fast growing online market in Africa. Bothe companies announced the acquisition, which is believed to be worth $200 million. The figure is reflection of the strength of Nigeria’s and Sub-Saharan Africa’s online market. “The African internet economy is expanding…
Uganda’s Permanent Secretary in the Ministry of Energy Robert Kasande has confirmed that the second extension of bids for the country’s second oil licensing round expired in September without any new expressions of interest received from oil companies. Uganda had invited companies in March to explore five new blocks on offer in the Albertine Graben,…
Former Burundian president Pierre Buyoyoa has been sentenced to life in prison by Burundi’s top court for the murder of another president who defeated him in elections in 1993. The death of Melchior Ndadaye who had defeated Buyoya to become Burundi’s first freely elected president plunged the country into a 10-year civil war that killed…