Author: Staff Writer

Binance, a leading global cryptocurrency exchange, has revealed plans to shift its South African derivatives operations to its subsidiary in Bahrain, Binance Bahrain B.S.C. (c). This strategic decision aligns with the regulatory standards of both South Africa and Bahrain, allowing Binance to maintain compliance while effectively continuing to serve users…

Cercli, an innovative platform streamlining workforce management for businesses in the Middle East and North Africa (MENA), has successfully raised $4 million in seed funding. The funding round was led by Silicon Valley’s Afore Capital, making its debut investment in the MENA region. This strategic move by Afore Capital, utilizing…

South Africa’s leading insurance company, Sanlam Ltd., is set to make a significant investment by purchasing a 25% stake in African Rainbow Capital Financial Services Holdings, a company supported by billionaire Patrice Motsepe, and also Sanlam’s deputy chairman. African Rainbow Capital Financial Services Holdings has controlling interests in various financial…

The Nigerian Communications Commission (NCC) has set September 14, 2024, as the final deadline for the National Identification Number (NIN) and Subscriber Identity Module (SIM) linkage exercise. The NCC, in a statement released on Wednesday, directed all mobile network operators (MNOs) to complete the verification and linkage of SIMs to…

Sasai Money Transfer, a business under Cassava Technologies, announced that it has teamed up with Airtel Money to expand its Zero Fees initiative. This partnership aims to provide free remittance services to a broader range of African markets, starting with Uganda and potentially extending to high-traffic remittance corridors in Ghana,…

A US federal court has ordered Dozy Mmobuosi, former CEO of Tingo Group, to pay over $250 million in fines and banned him from serving as a director of any public company. The judgment came after the US Securities and Exchange Commission (SEC) charged Mmobuosi and his companies, including two…

OPay, one of Nigeria’s leading mobile payment and financial services platform, has introduced an innovative feature called NightGuard. This first-of-its-kind functionality is set to redefine the safety protocols in Nigeria’s financial sector, providing users with heightened security measures against unauthorized transactions during their most vulnerable hours. Revolutionizing Financial Security with…

OpenAI, the innovative powerhouse behind ChatGPT, is reportedly in talks to secure a monumental investment deal that could elevate its valuation to a staggering $100 billion. The prospective funding round is anticipated to be led by Thrive Capital, with the venture capital firm planning to inject a hefty $1 billion…

Ampersand, one of Africa’s leading electric vehicle (EV) energy tech company, has raised an additional $2 million, pushing the total funding to an impressive $21.5 million within the last 12 months. The company raised $19.5 million in January 2024. This significant capital injection highlights the strong investor confidence in Ampersand’s…

Lagos, Nigeria’s bustling metropolis, has taken a significant leap towards modernizing its transportation system with the partial commencement of the Lagos Rail Mass Transit (LRMT) Red Line. This eagerly anticipated development began on Wednesday, August 28th, 2024, marking the start of invitational passenger operations after a successful six-week trial run.…

Elon Musk, CEO of SpaceX, recently announced that Starlink’s new mobile phone system would offer free access to emergency services. Musk made the statement on “X” (formerly known as Twitter), emphasizing the importance of not having someone’s life at risk simply because they couldn’t pay for emergency connectivity. “Can’t have…

In an exciting development for Africa’s fintech landscape, Flutterwave has achieved a significant milestone by obtaining the Payment Systems Operator (PSO) License from the Bank of Uganda. This achievement represents a major step forward in Flutterwave’s mission to empower African businesses to thrive globally by making and accepting payments seamlessly.…

In a surprising move, Apple Inc. has made headlines by cutting approximately 100 positions within its digital services division, marking a significant shift in its strategic focus. This decision, affecting various teams under Senior Vice President Eddy Cue, highlights the company’s evolving priorities as it adapts to new business dynamics.…

In a bold move set to shake up India’s telecom landscape, Airtel, the country’s second-largest telecom operator, has announced a strategic partnership with tech giant Apple. This collaboration will bring Apple TV+ and Apple Music to Airtel’s high-tier customers, effectively replacing the company’s own Wynk Music streaming service. The shift…

In a monumental leap for cancer treatment, doctors have initiated trials for the world’s first mRNA lung cancer vaccine, sparking hope for thousands of patients worldwide. Experts are calling this development “groundbreaking,” with the potential to revolutionize how we fight lung cancer, which claims about 1.8 million lives each year,…

In a surprising turn of events, Telegram founder and CEO Pavel Durov has been apprehended by French authorities at Le Bourget Airport, located just north of Paris. The arrest, which took place shortly after Durov’s private jet touched down, has sparked widespread speculation and concern, particularly given the app’s contentious…

Walking the sidewalks should never be dangerous. Yet, every year, thousands of pedestrians worldwide lose their lives in traffic accidents. According to the WHO, 274,000 pedestrians have been killed worldwide in the last decade, accounting for 23% of global traffic crashes. It shows that pedestrian safety isn’t universal. While some…

Andela Inc., one of the world’s leading private marketplaces for technical talent, has made a significant leadership change, appointing Carrol Chang as its new Chief Executive Officer. Effective September 17, 2024, Chang will also join Andela’s Board of Directors. She succeeds Jeremy Johnson, co-founder of Andela, who will remain an…

Financial services industries are transforming, and heavily impacted by cutting-edge technologies that are reshaping how businesses operate and how customers interact with platforms of service providers. From AI to blockchain, these innovations are offering efficiency, security, and accessibility in the financial services industry. Every entrepreneur needs to have an understanding…

Finally the football G.O.A.T, Cristiano Ronaldo, is now on YouTube and he has done it in style. The 39-year-old Portuguese International and five-times Ballon D’Or winner launched his latest hustle on Wednesday to connect to his massive fanbase. With over 900 million followers across various platforms (112.5 million on X platform, 170…