Author: Staff Writer

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…

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…