Author: Staff Writer

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%…

The Central Bank of Nigeria (CBN) has shaken up the international money transfer landscape with a new set of guidelines, effectively barring banks and fintech companies from directly offering these services. This significant policy shift is outlined in the updated guidelines governing the operations of International Money Transfer Operators (IMTOs),…

Google announced that it is bringing Bard’s latest capabilities — including Gemini Pro in Bard — to more languages and places including Nigeria. The technology giant is also launching image generation to bring more of your ideas into reality. In December 2023, Google integrated Gemini Pro into Bard in English,…

In a momentous event on Monday, January 29, 2024, Lagos Free Zone proudly welcomed the CMA CGM SCANDOLA, an LNG-powered behemoth boasting 14,812 TEUs and an impressive length Overall (LoA) of 36.6 meters and a width of 51 meters Breaking barriers, this monumental vessel marked not only the largest container…

Dr ‘Bosun Tijani, the Honourable Minister of Communications, Information, and Digital Economy, has unveiled the list of selected recipients for the Fourth Industrial Revolution Technology Application (4IRTA) in Agriculture. The 4IRTA initiative serves as a platform for executing demonstration projects utilizing Fourth Industrial Revolution technologies, including Unmanned Aerial Vehicles (UAVs),…

Access Holdings Plc has unveiled a pivotal development in its strategic growth trajectory with the announcement of a proposed acquisition that is poised to reshape the landscape of pension fund administration in Nigeria. Access Golf Nigeria Limited, a majority shareholder of Access Pensions Limited, a subsidiary of Access Holdings, has…

Xiaomi has taken the smartphone market by storm once again with the grand introduction of its latest masterpiece – the Redmi Note 13 Series. The launch event, held in the vibrant city of Lagos, Nigeria, unveiled five sensational devices that are set to redefine the Redmi Note legacy. The Redmi…

The Honourable Minister of Communications Innovation and Digital Economy, Dr. ‘Bosun Tijani has announced the launch of a new initiative, #DevsInGovernment, in a bid to build a digitally empowered Civil Service for Nigeria. According to the Minister in a post on his ‘X’ page, #DevsInGovernment is a community of technologists…

In a significant move towards environmental sustainability, the Lagos State Government has taken a decisive step by banning the use and distribution of single-use plastics, including Styrofoam. The announcement, made by the Commissioner for the Environment and Water Resources, Tokunbo Wahab, reflects a growing global concern about the environmental impact…

If you are an entrepreneur and operate in the food and restaurant industry, you are in for an excellent 2024. The economy looks good, and people are ready to go back to their old ways of spending. The cloud kitchen industry is set to hit $2.6 billion by 2026, which…

Amazon Prime Video is undergoing a restructuring of its international business, with a particular emphasis on prioritizing European Originals. This strategic shift involves a reduction in content and staff in Africa and the Middle East. The restructuring aims to streamline operations, refocus resources, and align the streaming platform with its…

The social media platform Reddit has devised comprehensive plans to proceed with its initial public offering (IPO) in March, marking a significant move after contemplating a listing for more than three years, as per a Reuters report. Reddit’s IPO, set to be the first major social media company to go…

Canza Finance, a pioneering Web3 neobank focused on facilitating cross-border payments for African startups, has successfully closed a strategic funding round, raising $2.3 million. The funding will play a crucial role in obtaining licenses from diverse financial regulators across Africa and establishing the groundwork for its innovative FX DeFi platform,…