Author: Staff Writer

Ikpeme Neto, the CEO and founder of WellaHealth emerged as the 1st prize winner of $300,000 at the 2023 African Business Heroes Prize Competition. This was announced at the grand finale which happened in Kigali, Rwanda on the 24th of November, 2023 The journey started in March 2023 when the competition…

Orange, a leading telecommunications provider, is set to revolutionize digital experiences in Africa with the launch of its super-app, Max it. Building on the success of My Orange and Orange Money applications, Max it aims to simplify daily activities for over 22 million users and beyond. Developed by Orange teams…

In a significant development, the Nigeria Police Force has achieved a breakthrough in the cybercrime case involving Patricia Technologies, leading to the arrest of one of the suspects, Wilfred Bonse. The arrest comes after an extensive investigation conducted by the National Cybercrime Center of the Nigeria Police (NPF-NCCC). Earlier this…

The Minister of Communications, Innovation and Digital Economy, Dr ‘Bosun Tijani, has announced the launch of the Young Innovative Builders (YIB) programme for tertiary students to apply for a chance to win a laptop or tablet. The Minister made this known in a post on X a couple of days…

Saviu Ventures, a prominent venture capital firm with a dedicated focus on startups in Francophone Africa, has successfully reached an initial close of €12 million for its second fund. The funding round received strong support from private investors, including notable French and Kenyan family offices. Co-founded by Benoit Delestre and…

Google announced that it is awarding a total sum of N75 million to 15 small and medium-sized business owners from the Hustle Academy. The businesses will also get mentorship and regular support from Google. Launched in 2022, Google’s Hustle Academy offers small and medium-sized enterprises (SMEs) access to business and…

Aduna Capital, a trailblazing investment firm, proudly announces the launch of its inaugural $20 million fund dedicated to transforming the African tech start-up ecosystem. Founded by Surayyah Ahmad Sani and Sanusi Ismaila, Aduna Capital is not just an investment firm; it’s an ecosystem of innovation and entrepreneurship. Visionaries Behind Aduna…

Cameroonian health startup Waspito has successfully raised a $2.5 million seed extension in a funding round led by DP World, with participation from investors including Newtown Partners, Saviu Ventures, AAIC Investment, Axian Ventures, and CFAO’s Health54. This brings to $5.2 million raised since last year’s $2.7 million. This funding will…

FrontEdge, a Nigerian fintech operating out of Lagos, has successfully raised $10 million in a seed round, with over 70% contributed through debt financing. The funding aims to drive the expansion of African cross-border trade. Established in 2021 by Moni Alli, a former McKinsey consultant with a background in digital…

OpenAI announced that ChatGPT voice is now available to all free users. This feature was only made available to ChatGPT Plus and Enterprise users when it was first introduced in September this year. Interestingly the announcement was reposted by the former President and co-founder Greg Brockman with the statement: “ChatGPT…

OpenAI announced that it has reached an agreement in principle for Sam Altman to return as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo. This was posted on the company’s “X” page this morning. This, in essence, brings to an end the saga…

Changpeng Zhao “CZ” has announced Richard Teng, its former Global Head of Regional Markets as the new CEO of Binance. This was contained in his resignation letter as posted on his page on “X”. Before joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global…

Payment24, a global payments platform provider specializing in payment and loyalty solutions, has announced a strategic investment in Inergy 24, a technology service provider based in Switzerland. The collaboration aims to offer customers across Europe access to the comprehensive Payment24 platform, encompassing payment, fleet management, mobile and retail solutions, loyalty…

Orange, a leading telecommunications provider operating in 18 countries across Africa and the Middle East, has recently joined forces with Spotify, the world’s foremost music streaming platform. This strategic partnership aims to provide an enhanced music experience for Orange’s mobile customers, reinforcing Orange’s position as a comprehensive entertainment service provider.…

Binance CEO Changpeng “CZ” Zhao is set to step down from his role as CEO of Binance as part of a substantial $4 billion settlement between the Department of Justice and the cryptocurrency exchange he founded, according to reports from the Wall Street Journal and Forbes. The settlement, involving the…

OpenAI, the creator of ChatGPT, has appointed former Twitch executive Emmett Shear as its interim CEO following the removal of former CEO Sam Altman. Shear, a co-founder of startup accelerator Y Combinator alongside Altman, is recognized for being a vocal supporter of safety measures in artificial intelligence development. On Monday,…

OkadaBooks, a Nigerian-based digital publishing platform, announced that it is shutting down. It made this down via a post on the X platform today. Launched by Nigerian writer Okechukwu Ofili in 2013, OkadaBooks provides a platform for authors to publish and distribute their books digitally. The platform allows users to discover, buy,…

Satya Nadella, Microsoft CEO, announced that OpenAI’s co-founders Sam Altman, Greg Brockman and colleagues will be joining Microsoft in the aftermath of Sam Altman’s ouster from the CEO position. After the dismissal of Sam Altman on Friday last week and OpenAI CTO, Mira Murati taking over, several senior staffers including…

The Bank of Ghana (BoG) has suspended several international money transfer companies, including Wise, Zeepay, XOOM, LemFi, and others, from sending remittances into the country. This suspension is a result of the BoG’s efforts to enforce the Payment Systems and Services Act, 2019 (Act 987), which regulates payment services in…

Amazon, the online retail powerhouse that began its journey by selling books, has announced a groundbreaking expansion into the automotive sales sector, in collaboration with Hyundai. Starting in the second half of 2024, U.S. customers will have the ability to purchase Hyundai vehicles directly through Amazon.com, with the service expanding…