Author: Staff Writer

MTN Group has confirmed that it recently experienced a cybersecurity incident that led to unauthorized access to personal information of some customers in certain markets. It however did not list the affected markets. The company emphasized that its core network, billing systems, and financial services infrastructure were not affected and…

The African Private Capital Association (AVCA) and the Private Equity and Venture Capital Association of Nigeria (PEVCA) have officially joined forces, combining their strengths to expand investment opportunities and deepen private capital flows within Nigeria and across West Africa. The merger blends AVCA’s strong track record in market research, advocacy,…

Just a few years ago, the metaverse was the next big thing. Tech giants poured billions into building immersive virtual worlds. Executives changed their job titles, startups rebranded overnight, and Facebook became Meta. From gaming to education, from retail to real estate, the metaverse was pitched as the future of…

Meta Platforms Inc., the parent company of Facebook, has confirmed layoffs within its Reality Labs division, the arm responsible for driving its ambitious efforts in virtual and augmented reality (VR/AR). The company has not disclosed the number of employees affected, but the cuts hit various teams within Oculus Studios, the…

The World Bank Group has launched the next phase of its Private Sector Investment Lab, reinforcing its commitment to job creation and sustainable development in emerging economies. The initiative, which seeks to unlock private capital for impactful investments, now includes Nigeria’s Aliko Dangote and Bharti Airtel’s Sunil Mittal among its…

Flutterwave, Yellow Card, and Onafriq—three of Africa’s most innovative and impactful fintech companies—have joined the newly launched Circle Payments Network (CPN), a global infrastructure developed by Circle Internet Group, the issuer of the USDC stablecoin. Their participation is a powerful signal of Africa’s rising influence in global financial innovation and…

The European Union has fined Apple and Meta Platforms a combined €700 million (approximately $770 million) for violating the bloc’s Digital Markets Act (DMA)—a move that has not only intensified transatlantic tech tensions but could significantly reshape how the companies operate in Europe. The European Commission, the EU’s executive arm,…

DeFi Technologies Inc., along with its subsidiaries Valour Inc. and SovFi Inc., has entered into a groundbreaking partnership with the Nairobi Securities Exchange (NSE) to design and launch the Kenya Digital Exchange (KDX)—a regulated platform aimed at transforming Kenya’s capital markets through blockchain technology and digital asset trading. This initiative…

OpenAI has indicated it would consider acquiring Google’s Chrome browser if U.S. regulators succeed in forcing Alphabet Inc. to divest the product as part of ongoing antitrust proceedings. The disclosure was made during testimony in Washington by Nick Turley, OpenAI’s Head of Product for ChatGPT, during the high-profile case brought…

Google Fi Wireless (formerly Project Fi) has gained popularity among global travelers and digital nomads for its flexible pricing, seamless international coverage, and integration with Google’s ecosystem. But if you live outside the U.S., you might be wondering: Can I use Google Fi internationally? And how do I get started…

Meta has officially launched Edits, a powerful, all-in-one mobile video editing app aimed at giving creators greater control, flexibility, and creative freedom. Available globally on iOS and Android, Edits is positioned as a direct competitor to ByteDance’s CapCut, with several key differences—most notably, no watermark on exported videos and complete…

IZI Electric has unveiled the Impala E30, a 30-seater electric coach engineered specifically for Africa’s public transport needs. Purpose-built to endure the continent’s terrain and climate, the Impala E30 sets a new benchmark for electric mobility in Africa with its industry-first 10-year/1-million-kilometer battery warranty—a major leap forward in both trust…

MEST Africa, in collaboration with the Mastercard Foundation, has announced the second cohort of 12 dynamic startups selected for the prestigious Mastercard Foundation EdTech Fellowship in Ghana. This six-month acceleration program, now in its second year, is aimed at empowering Africa’s most promising EdTech ventures with funding, expert mentorship, and…

Ride-Hailing drivers in Lagos, operating under the Amalgamated Union of App-Based Transporters of Nigeria (AUATON), are gearing up for a city-wide 24-hour strike on May 1, 2025. The planned action, coinciding with International Workers’ Day, is a bold protest against what they call “anti-labour practices” by leading ride-hailing platforms, including…

In a bid to make pay-TV more flexible and accessible, MultiChoice Uganda has unveiled new weekly subscription plans under a campaign dubbed ‘Ka Weekie.’ The initiative is aimed at giving customers more affordable and short-term viewing options, especially for those who may not be able to commit to full monthly…

Telecommunications subscribers in Nigeria may soon notice a change in how they’re charged for using Unstructured Supplementary Service Data (USSD). Rather than being billed by banks, customers will begin to see direct deductions from their airtime balance when they use USSD services for mobile banking and other transactions. This follows…

After nearly two decades of backing early-stage founders, Techstars is updating its standard deal — and it’s a big one. Beginning with its Fall 2025 cohort, the accelerator will offer startups $220,000 in funding, a notable increase from the previous $120,000. Here’s how the new deal works: For example, if…

Starting a business in Nigeria offers immense opportunities, given its dynamic economy and entrepreneurial spirit. However, navigating the local business landscape requires a clear understanding of registration processes, funding avenues, and market entry strategies. This guide addresses frequently asked questions to assist aspiring entrepreneurs in establishing a successful venture in…

The electric vehicle (EV) industry has rapidly transformed over the past decade, with two companies emerging as the primary titans of the sector: BYD and Tesla. While Tesla helped shape the global EV narrative with its high-performance, tech-driven cars, China’s BYD has steadily scaled its presence by offering a broad…

Google has started accepting applications for the 2025 edition of the Google for Startups Accelerator Africa Program. This year, the spotlight is on startups integrating artificial intelligence (AI) into their core offering. Since its launch in 2018, the program has supported over 140 startups from 17 African countries, helping them…