Author: Staff Writer

AltShool Africa co-founder and CEO, Adewale Yusuf, has announced the appointment of Charles Thornburg as the executive Chairman. Yusuf mentioned this on his X’s timeline yesterday. According to Yusuf, “I am excited to share that Charles Thornburgh has joined the @AltSchoolAfrica board as our Executive Chairman. Charles is a 5-time founder…

Nigerian neobank, Carbon, has shut down its debit card operations. Carbon Co-founder Ngozi Dozie made this known in a substack post yesterday. According to him, the fintech has already sent an email to all its debit card holders announcing that they would be discontinuing all card operations on the 19th…

In a historic development, Nigeria is set to make history by sending its first citizen to space . This remarkable achievement is made possible through a partnership between the Space Exploration and Research Agency (SERA) and the National Space Research and Development Agency (NASRDA). An official launch date has not…

Introduction Virtual cards are becoming increasingly popular among marketers and advertisers, particularly for paying for ads on platforms like Snapchat, Facebook, TikTok, and Google. This surge in popularity is largely due to the high level of transaction security these cards provide, safeguarding banking information from potential threats. They offer flexibility…

Adrian Wood, the former CEO of MTN Nigeria, has re-entered the Nigerian telecommunications industry as the new Chief Executive Officer of ntel. ntel is the telecom company that emerged from the unbundling of NITEL and is managed by NATCOMS. Wood, who began his role as the new CEO of ntel…

In today’s fast-paced world, maintaining a healthier lifestyle often takes a backseat to our ever-growing-to-do lists. For many busy individuals, juggling work, family, and personal commitments leaves little room for regular exercise and mindful eating. However, prioritizing fitness doesn’t have to mean squeezing in an intense gym session every day.…

Every year the number of car owners in Ukraine continues to grow. At the same time, the choice opportunities for car owners are also growing. A large number of offers on the market and flexible pricing policy allow choosing cars taking into account different preferences and opportunities. Some prefer to…

Apple is shutting down Apple Pay Later, its buy now, pay later service as it looks at working with third parties for instalment loans. Launched in the US last year, the current service allows consumers to split purchases into four payments over six weeks with zero interest and no fees.…

The U.S. Department of Justice has initiated legal action against Adobe, accusing the company of misleading consumers by concealing the early-termination fees and complicating the cancellation process of their subscriptions. According to the complaint lodged on Monday, the DOJ asserts that “Adobe has harmed consumers by enrolling them in its…

The Lagos State Science Research and Innovation Council (LASRIC) has received a grant of N1 billion as seed fund from the Lagos State government. The announcement was made by the Deputy Governor, Dr. Kadri Obafemi Hamzat on behalf of Governor Babajide Sanwo-Olu during the inauguration of the newly reconstituted LASRIC members…

WhatsApp has announced new updates that will make calls across your devices even bigger and better, including support for up to 32 participants across all devices on a video call. Prior to this update, WhatsApp allowed up to 32 participants on mobile devices, while users on Windows could include up…

In a significant development on Wednesday, Apple reclaimed its position as the world’s most valuable company, surpassing Microsoft. This resurgence is fueled by the iPhone maker’s ambitious advancements in artificial intelligence technology, marking a pivotal moment in the tech industry. Apple’s shares soared nearly 4% to reach a record $215.04,…

In a landmark deal poised to reshape Nigeria’s consumer goods landscape, Tolaram, a leading player in Africa’s consumer packaged goods sector, has acquired Diageo’s 58.02% shareholding in Guinness Nigeria Plc for ₦81.60 per share—a 63% premium to the 30-day volume-weighted average price (VWAP). The transaction, signed on June 11, 2024,…

On Monday, Apple announced a couple of new features across its apps and operating platforms and a partnership with OpenAI to bring the ChatGPT technology to its devices. And it seems Elon Musk is not happy about it. According to him on a post on X.com, “That is an unacceptable…

In a strategic move to increase its footprint in Tanzania, Access Bank Plc. has successfully acquired a majority equity stake in African Banking Corporation of Tanzania (ABCT) Limited, previously owned by Atlas Mara Limited. With the completion of this transaction, ABCT will merge with the consumer, private, and business banking…

Cairo-based startup Sahl announced that it has secured $6 million in Series A and seed funding to advance its mission of becoming a one-stop shop for household bills in collaboration with government entities. The funding round was led by Ayady for Investment and Development, a prominent Egyptian investment firm known…

At Conversations, Meta’s annual business messaging event in Sao Paulo, Brazil, it unveiled the latest WhatsApp product updates for businesses, including AI tools, Meta Verified, and expanded calling support, as part of its ongoing investment in new capabilities to help people and businesses connect and conduct business on WhatsApp. AI…

Elevate, a fintech company with bases in London and Dubai, announced that it has successfully raised $5 million in a pre-Series A funding round. Founded in 2021 by Faris Keenan, Khalid Keenan, and Youcef Oudjidane, Elevate provides financial solutions for remote workers and freelancers in emerging markets, helping them manage…

Nvidia hit $3 trillion market cap on Wednesday after shares rose over 5% to close at $1,224 per share, thereby having a market value of $3.019 trillion. It passed Apple which stood at $2.99 trillion to become the second-most valuable public company, behind Microsoft. Microsoft is the most valuable publicly…

BioNTech SE and the Coalition for Epidemic Preparedness Innovations (CEPI) have announced an expansion of their strategic partnership aimed at creating a sustainable and resilient vaccine ecosystem in Africa. This collaboration involves CEPI committing up to US $145 million to support BioNTech in establishing advanced mRNA vaccine research and manufacturing…