Author: Staff Writer

Cross-border trade between Africa and Asia has grown rapidly in recent years, creating enormous opportunities for businesses on both continents. Yet, one of the biggest hurdles for Asian exporters and African importers has been payments—often complex, risky, and painfully slow. In a move to address these challenges, Flutterwave has announced…

Nigerians planning to visit the United States will now face an additional requirement as part of their visa application process. The U.S. government has directed that all visa applicants must provide details of their social media activity over the past five years. According to the directive, applicants are required to…

The African Union (AU) has thrown its weight behind a global campaign to retire the 16th-century Mercator projection and replace it with maps that more accurately represent Africa’s true size. The move is not just about cartography — it’s about reclaiming Africa’s place in the world. A Map That Distorts…

The Bill & Melinda Gates Foundation has announced a landmark $2.5 billion commitment through 2030 to accelerate research and development (R&D) in women’s health, marking the largest single investment in this area in the foundation’s history. The funding will support more than 40 innovations in five chronically underfunded areas, with…

When Ozempic, a GLP-1 receptor agonist developed by Novo Nordisk, was first introduced, it was hailed as nothing short of revolutionary in the fight against type 2 diabetes and, later, obesity. Approved by the U.S. Food and Drug Administration (FDA) in 2017 for diabetes management, the drug’s ability to control…

Ampersand, the pioneering electric mobility company transforming motorcycle transport in Africa, has closed a landmark funding round aimed at turbocharging its expansion across East Africa. The deal blends equity and debt, drawing participation from a mix of global and African investors and highlighting growing confidence in the region’s shift toward…

The U.S. Securities and Exchange Commission (SEC) has secured a landmark enforcement action against a Nigerian accountant and his firm for aiding one of the largest financial frauds involving an African tech company in U.S. markets. On August 11, 2025, the U.S. District Court for the Southern District of New…

Do Kwon, once hailed as one of the brightest minds in blockchain innovation, has admitted guilt to two U.S. charges — conspiracy to defraud and wire fraud — in a case that has become one of the largest fraud prosecutions in cryptocurrency history. The 33-year-old South Korean entrepreneur co-founded Terraform…

Africa’s startup landscape is experiencing an unprecedented surge, fueled largely by digital transformation services that enable young companies to reach wider audiences faster and more efficiently. In recent years, digital marketing has become a vital tool for startups seeking growth and sustainability in an increasingly competitive market. From social media…

Naspers has secured the European Commission’s conditional approval to acquire Just Eat Takeaway.com (JET) through its global investment arm, Prosus. The decision, issued under the EU Merger Regulation, follows an extensive antitrust review and hinges on Naspers fully implementing strict commitments designed to protect competition in Europe’s food delivery market.…

In today’s digital world, online privacy and security are hot topics, especially in countries like Nigeria where internet usage is growing rapidly. As more Nigerians come online, the government has introduced various online safety regulations to protect users, combat cybercrime, and regulate digital content. But there’s one tool that has…

In a decisive move to redefine its market presence and reposition for the future, Nigeria’s fourth-largest telecom operator, 9mobile, has officially rebranded to T2. The transition, unveiled at a high-profile corporate event themed Tech Meets Tenacity at Eko Hotels and Suites in Lagos, represents more than a cosmetic change—it marks…

Elon Musk’s xAI is once again making headlines with the official rollout of Grok Imagine, a provocative AI-powered image and video generator that has quickly stirred conversation across the tech world. Available to SuperGrok and Premium+ X subscribers on iOS, the tool allows users to create short, animated clips with…

African startups saw a surge in funding in July 2025, buoyed by several mega-deals in the clean energy sector alongside numerous early-stage investments across fintech, biotech, AI, and more. In total, startups on the continent raised roughly $555 million in July – the highest monthly total this year – with…

South African travel-focused fintech TurnStay has secured $2 million (over R34 million) in a seed funding round led by First Circle Capital, with participation from top-tier US and African venture capital firms, including TLcom Capital, Enza Capital, Incisive Ventures, CVVC, and Equitable Ventures. This funding will accelerate TurnStay’s expansion across…

MTN Nigeria has claimed the top spot as the most valuable company on the Nigerian Exchange (NGX), hitting a historic milestone by crossing the N10 trillion market capitalisation mark. This feat not only secures the telecom giant’s dominance on the bourse but also highlights an extraordinary turnaround for a company…

Microsoft has joined Nvidia as the second publicly traded company to reach a $4 trillion market valuation, marking a historic milestone for the Redmond-based tech giant. The achievement, reached on Thursday, came on the heels of a blockbuster earnings report that underscored the company’s rapid expansion in cloud computing and…

The Coca-Cola Company has reached an agreement to sell Chivita|Hollandia (CHI Limited) to UAC of Nigeria PLC (UAC), marking a strategic move that will reshape Nigeria’s fast-moving consumer goods (FMCG) sector. The transaction, which is still subject to regulatory approval, reflects Coca-Cola’s strategy to operate a more flexible, asset-light model,…

Yahoo Mail is making a bold shift in its email storage policy, drastically reducing the free storage limit for users to 20GB and introducing new paid plans. The change, effective immediately, marks a significant downgrade for long-time users accustomed to Yahoo’s previously generous storage offering and signals the company’s bid…

Sun King, the world’s largest off-grid solar energy company, has achieved a groundbreaking milestone by closing a $156 million (KES 20.1 billion) local currency securitisation — the largest ever completed in Sub-Saharan Africa outside South Africa. The financing aims to expand affordable solar energy access to 1.4 million low-income homes…