Author: Staff Writer

Paystack, a Pan African Payments company, is letting go of 33 of its employees in Europe and the UAE as it reduces its operations outside of Africa. This announcement was made by Shola Akinlade, the co-founder and CEO on his “X” page. According to him, the company was changing its…

Liquid Intelligent Technologies, part of the pan-African technology group Cassava Technologies, is set to boost its South African operations with a substantial R900 million investment. This funding, contributed equally by the International Finance Corporation (IFC) and Rand Merchant Bank (RMB), will propel the Eastern Cape Fibre Project aimed at enhancing…

In a strategic shift to concentrate on its core strengths, HSBC has finalized an agreement to divest its domestic Wealth and Personal Banking and Business Banking segments in Mauritius. The acquiring party, Absa Bank (Mauritius) Limited, is a prominent banking institution in Mauritius with a history dating back to 1919.…

In a move that signals the growing intersection between social media and e-commerce, Amazon has announced a new feature that allows Snapchat users in the United States to purchase selected products through the app. This strategic partnership is designed to harness the increasing trend of social shopping, with the e-commerce…

The US Security and Exchange Commission has temporarily suspended the trading of Tingo Group Inc. shares from today, 14th of November till the 28th of November 2023. According to the Exchange Commission in a statement, it has done this “because of questions and concerns regarding the adequacy and accuracy of…

East Africa is on the cusp of a connectivity transformation with the launch of LINX Nairobi, a new Internet Exchange Point (IXP) set up within Kenya’s bustling capital. This strategic initiative is poised to significantly boost the region’s digital landscape and connectivity. As a leader in technology innovation within Africa,…

If you have a blog, you would have received emails asking for link exchanges with high Domain Ratings. A link exchange is a practice where two website owners agree to link to each other’s sites. This is often done with the intention of increasing traffic and improving search engine rankings…

A new partnership between Amazon and Meta (parent body of Facebook and Instagram) has now made it possible for you to buy products displayed on Amazon ads within Facebook and Instagram without leaving the social media apps. However you will need to connect your Facebook and Instgarm accounts to Amazon…

WhatsApp is set to enhance its group communication capabilities with the introduction of a new voice chat feature. Aimed at offering a more convenient method for conducting voice calls in large groups, this feature is transitioning from beta to official release in the next few weeks. The existing functionality allows…

Shekel Mobility, a B2B auto dealers marketplace, has successfully raised over $7 million in a mix of equity and debt funding to enhance its operations and quadruple its current Annual Recurring Revenue (ARR). The Y Combinator-backed startup, founded by Benjamen Oladokun and Sanmi Olukanmi, aims to leverage the new capital…

CloudFret, a groundbreaking transport and logistics startup, has successfully closed a €2 million ($2.1 million) funding round, with investments pouring in from AfriMobility and Azur Innovation Fund. In addition to the $1 million it raised in 2022, it has now raised $3.1 million to date. Founded in 2021 by Driss…

As from December 7, 2023, Nigerians will no longer be able to place food orders on the Bolt app as Bolt, the all-in-one mobility app, has decided to exit its food delivery service. According to the company, the decision to shut down the service is in a bid to streamline its…

Fresh from its first-ever DevDay conference in San Francisco where it unveiled a game-changing advancement with its new customized ChatGPT bots, OpenAI is taking a significant step forward in its mission to develop Artificial General Intelligence (AGI) that is both safe and beneficial for humanity. The organization has introduced the…

Zenith Bank has announced the commencement of Zecathon 3.0 startup pitch competition. This is the third edition of the competition and it is being done in partnership with Seedstars. For this year’s edition, startups stand to win from a prize pool of N59 million and business support through training, mentorship,…

In a significant turn of events for the African fintech sector, Flutterwave has been cleared of legal hurdles in Kenya. The High Court granted permission for the country’s Asset Recovery Agency (ARA) to withdraw its remaining case against the prominent payments company. This withdrawal marks a substantial victory for Flutterwave,…

MTN Nigeria has confirmed that a system glitch is behind the incorrect account balances experienced by some of its customers. The system glitch is impacting balance enquiries. Some MTN Subscribers have received error messages showing that their debts have been cleared. They woke up on Saturday morning to discover that…

In a significant move towards enhancing national planning and public service delivery, the Federal Government of Nigeria announced the launch of the Digital Civil Registration and Vital Statistics System (e-CRVS) and the National Geospatial Data Repository. During a ceremony at the State House in Abuja, President Bola Tinubu emphasized the…

Wicrypt Network, an innovative decentralized mobile Internet sharing and monetization network, has announced its expansion of integration with peaq, the blockchain designed for real-world applications. Marking a significant step forward, Wicrypt has gone live with its first WiFi hotspots on krest, peaq’s sister blockchain, complete with unique peaq IDs. This…

Ford Motor Company’s South African division has declared an investment of 5.2 billion rand (approximately $281 million) to manufacture a hybrid model in the country. This significant investment underscores the urgency for the South African government to develop a robust electric vehicle policy amidst rapid global shifts toward sustainable automotive…

The Federal Ministry of Communications, Innovation & Digital Economy of Nigeria has taken a pioneering step towards the future of digital literacy and innovation by announcing a partnership with the Raspberry Pi Foundation. The collaboration aims to launch a series of Code Clubs across Nigeria, targeting young students between the…