Author: Staff Writer

In a pioneering move, Meta recently orchestrated an educational in-person initiative in Nigeria known as the Creator Lab Live. This unique event welcomed over 40 young and aspiring creators, providing them with a platform to learn from industry experts and engage in collaborative endeavors with fellow creators. The Creator Lab…

Telecom services provider Airtel Uganda Ltd, a subsidiary of Airtel Africa plc and backed by billionaire Sunil Mittal, has unveiled its ambitious plan to raise 800 billion Ugandan shillings (approximately $216 million) through an initial public offering (IPO). This strategic move was announced in a statement released on Tuesday. Setting…

SeekMake, a Tunisian-based startup, announced that it has recently secured a significant investment totaling 500,000 euros (equivalent to 539,000 USD) from Lafayette group for global expansion. Lafayette group is an European private equity firm with stakes in major manufacturing companies across the continent. This is its first venture into supporting…

Dr. ‘Bosun Tijani, the Minister of Communication, Innovations and Digital Economy, Federal Republic of Nigeria is calling on top AI researchers of Nigerian descent globally to get involved in the process of crafting a National Artificial Intelligence (AI) Strategy. He made this known in a recently released white paper which…

Google is set to license a series of new mapping datasets to a diverse range of companies, ushering in a wave of innovation in the renewable energy sector. With aspirations to generate up to $100 million in its debut year, this initiative signifies Google’s commitment to reshaping the landscape of…

OpenAI has launched a ChatGPT plan for Enterprise customers. According to the company, the plan offers enterprise-grade security and privacy, unlimited higher-speed GPT-4 access, longer context windows for processing longer inputs, advanced data analysis capabilities, customization options, and much more. The company says it believes that Artificial Intelligence can facilitate…

In our rapidly changing world, each new discovery alters our reality, leaving an indelible mark on how we experience life. Each technological advancement builds upon the foundations of the past, ushering in uncharted possibilities and fresh ideas that redefine the way we interact with the world around us. For modern…

In a significant step towards promoting responsible content sharing and safeguarding the online community, short-form video hosting service TikTok has joined forces with Kenya to review and monitor its content. This collaborative effort, announced by President William Ruto, reflects a commitment to upholding guidelines that prioritize appropriate and respectful content…

In a recent development that has caught the attention of cryptocurrency enthusiasts and financial market observers alike, Mastercard and cryptocurrency exchange giant Binance are set to conclude their four crypto card programs in specific countries. The affected countries include Argentina, Brazil, Colombia, and Bahrain, with the cessation of these programs…

Bringing Financial Inclusion to Immigrant Communities LemFi, a trailblazing fintech platform dedicated to revolutionizing financial services for immigrants, has announced an impressive achievement in its journey. The company has successfully raised $33 million in its Series A funding round, with the lead investor being Left Lane Capital. Joining forces with…

WhatsApp, the popular instant messaging app, has unveiled a new feature that simplifies group creation for its users. In an announcement made by Meta CEO Mark Zuckerberg on both his Facebook and Instagram accounts, this update allows users to create groups without the necessity of assigning a group name during…

In a significant move to bolster women entrepreneurs across sub-Saharan Africa, the International Finance Corporation (IFC) has officially launched its She Wins Africa program. This groundbreaking initiative aims to provide crucial support to the growth of up to 5000 women-led startups by offering valuable advice, training, mentorship, and networking opportunities.…

Consultancy Celebrating 10 Years of Amplifying a Narrative of Opportunity, Growth, Inclusion, and Innovation   Cairo, Egypt – 23 August 2023 – Djembe Consultants (Djembe), an award-winning consultancy focusing on the African and Middle Eastern (MEA) regions, today announced a six-month campaign that will celebrate the Consultancy’s 10 year anniversary by…

Fawry, Egypt’s preeminent provider of e-payment solutions, has announced its intention to evolve its online payment portal, myFawry, into a full-fledged digital bank by the year 2023. This pivotal move was revealed in a bourse statement recently, ushering in a new era of financial services in Egypt. The new digital…

Elon Musk is leading a significant alteration in the appearance of news links on his social media venture, X, formerly known as Twitter. This strategic maneuver has the potential to reshape the efficacy of news publishers in captivating their audience. Musk’s plan entails removing the headline and accompanying text, retaining…

A consortium led by Transcorp Group has acquired 60% stake in Abuja Electricity Distribution Company (AEDC). The decision, authorized by the National Council on Privatisation in May 2023, has positioned Transcorp Group as the fresh energy strategic investor in the Abuja Electricity Distribution Company In a related development, Christopher Ezeafulukwe,…

Stanbic IBTC Holdings Plc has revealed a significant change in its fintech subsidiary’s identity. The corporate modification, which has received regulatory approvals, sees the former Stanbic IBTC Financial Services Limited transformed into ZEST Payments Limited (ZEST). This strategic shift reflects Stanbic IBTC’s commitment to its evolving vision and enhanced service…

Nala, a fintech that empowers users to execute seamless cross-border payments from Europe, the UK, and the US to diverse destinations across Africa, announced that it has included Nigeria as one of its remittance destinations. The decision to launch payments to Nigeria is significant and strategic for NALA. With roots…

In the face of macroeconomic challenges that have affected the ability to raise capital and prompted venture-backed companies to recalibrate their operations, Kenyan B2B e-commerce platform Twiga is taking strategic steps to ensure its viability. The company has announced its intention to undergo another round of layoffs, affecting 33% of…

In a move to curb the proliferation of indecent content and propaganda, the Somali government has taken a decisive step by banning popular platforms TikTok, messaging app Telegram, and the online-betting website 1XBet. The announcement was made by the Communications Minister, Jama Hassan Khalif, who emphasized the need to counter…