Author: Staff Writer

Performance management startup SocialCrowd has secured $1.6 million in a pre-seed funding round led by Bread and Butter Ventures, according to an exclusive report from TechCrunch. Other participants in the funding round included VC 414, Serac Ventures, and Gala Capital Partners. SocialCrowd intends to use the pre-seed funds to grow…

The Catalyst Fund today announced an investment of $1.8 million in 9 early-stage climate tech startups across Africa. This brings their total portfolio to 19 companies driving climate adaptation and resilience on the continent across 8 different markets: Kenya, Egypt, Morocco, Nigeria, Senegal, South Africa, Tanzania, and Uganda. The startups…

In a recent Series A funding round, Roam, a Kenyan electric vehicle (EV) startup, has successfully raised $24 million, with a significant $10 million debt commitment from the U.S International Development Finance Corporation (DFC). The funding is earmarked for expanding the production of electric motorcycles and buses, marking a significant…

Mark Zuckerberg, founder, chairman and CEO of Meta, believes that his company’s virtual reality product, the Meta Quest 3 is better than the Apple Vision Pro. He revealed this in an Instagram video filmed with the Quest 3 VR headset after testing the Vision Pro. According to him, “we tried…

In a recent update, ChatGPT has unveiled a groundbreaking feature – Memory. This new capability allows users to make conversations more seamless and tailored to their preferences. Here’s a closer look at how this feature works and its potential impact on user interactions. How Memory Works: As users engage with…

The Federal Government of Nigeria and the World Bank are joining forces to secure $3 billion in funding for the ambitious project of laying an additional 120,000km of fibre optic cables. The aim is to enhance broadband infrastructure and connectivity throughout Nigeria. The Minister of Communications, Innovations, and Digital Economy,…

In a significant move towards enhancing digital asset adoption in Africa, Yellow Card, one of the continent’s largest licensed stablecoin on/off ramp, is set to introduce USDC, a digital stablecoin on the Stellar network. This integration aims to revolutionize cross-border payments, remittances, and treasury management globally by providing users with…

Access Holdings has announced Bolaji Agbede as acting Group Chief Executive Officer (GCEO) after the death of former GCEO, Dr. Herbert Wigwe. Before assuming this post, Bolaji Agbede was the Executive Director in charge of Business Support. Ms. Agbede is a seasoned professional boasting more than 27 years of expertise…

Sage, a global leader in accounting and technology for SMBs, marks the fifth anniversary of its partnership with GirlCode, a non-profit organization dedicated to empowering young girls and women in the technology field. This collaboration aims to equip aspiring GirlCoders in South Africa with essential skills, addressing the gender gap…

Sony Music Group has recently concluded a significant transaction, acquiring half of Michael Jackson’s publishing and recorded masters in a deal estimated to value the entire catalog at around $1.2 billion or more. This move positions Sony to pay a minimum of $600 million for the stake, marking the largest…

There are reports that a helicopter carrying Herbert Wigwe, the Group Managing Director and Chief Executive Officer of Access Holding, along with five other individuals, has crashed near the California-Nevada Border. For some hours, there was speculation about the fate of the people onboard the helicopter, there is now official…

The battle for our eyes and wallets in the world of virtual reality (VR) has intensified with the unveiling of two highly anticipated headsets: the Meta Quest 3 and the Apple Vision Pro. Both promise a revolutionary leap forward in the VR experience, but they cater to different audiences and…

In a significant move towards addressing the growing demand for wholesale data in Africa, Airtel Africa has unveiled Airtel Africa Telesonic Limited (‘Telesonic’), a state-of-the-art fibre bandwidth service. Leveraging ground fibre assets and submarine cable systems, Telesonic aims to provide comprehensive terrestrial fibre and submarine cable solutions, making a substantial…

Tech giant, Apple announced the launch of the Apple Vision Pro in January 2024 and the device is now available in US stores this February at a retail price of $3,500. The Apple Vision Pro is a spatial computer that blends digital content and apps into your physical space, and lets you…

For years, science fiction has painted a bleak picture of artificial intelligence (AI) taking over the world, leaving humans jobless and obsolete. The reality, however, is far more nuanced. While AI is undoubtedly transforming our workplaces, it’s not displacing us en masse. Instead, it’s creating entirely new job opportunities, demanding…

EMURGO Africa, the venture arm of EMURGO focusing on Africa and the Middle East, has made a strategic investment in Fig Finance, a US-incorporated company operating in Africa, the EU, and the US. Founded in 2022 by George Johnston, Obi Ozor, Oscar Price and Seye Akinola, Fig Finance is dedicated to providing innovative…

KoBold Metals, a California-based metals exploration company with backing from influential figures like Bill Gates and Jeff Bezos, has announced the discovery of an extensive copper deposit in Zambia. This rare find holds the potential to significantly impact the global pursuit of essential materials crucial for the ongoing energy transition.…

Africa’s gaming industry is no longer a hidden gem – it’s a treasure chest waiting to be unlocked. With a booming youth population, rising internet penetration, and an increasing love for all things digital, the continent is poised for explosive growth in the video game sector. But what exactly makes…

Fresh from announcing a pre-seed raise of $1.5 million in December 2023, Tappi has secured an undisclosed investment from Renew Capital Angels. Tappi is a full-stack SaaS business built for small businesses in Africa to help them find customers online. It helps SMBs get discovered, find customers, and build their…

Pan-African pay-TV operator Multichoice has officially turned down a $2.5 billion acquisition offer from French media company Canal+. The decision was communicated to shareholders through a notice on Monday, citing undervaluation of the company as the primary reason for rejecting the proposal. According to the notice, Canal+ currently holds 35.01%…