Author: Staff Writer

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…

The Central Bank of Nigeria has issued changes to the operational guidelines to Bureau De Change Operators in the country. In the announcement made by the apex bank via a circular, the new changes were issued to improve the efficiency of the Nigerian Foreign Exchange market. Changes include the following:…

In a strategic move to diversify its manufacturing operations away from China, Apple’s key supplier, Foxconn, has commenced production of the highly anticipated iPhone 15 at its Sriperumbudur plant in India. In 2019, it has said that it had the capacity to build enough iPhones outside of China to satisfy…

On Friday, crypto marketplace Patricia announced the launch of its new retail app – Patrica Plus – and the interesting news that all current outstanding BTC and Naira balances have been converted to its native token – Patricia token. The firm claims that the Patricia token is a stablecoin pegged to…

Dr. ‘Bosun Tijani has been named as the new Minister of Communications, Innovation and Digital Economy in the President Bola Tinubu-led administration. The ministerial list was released on Wednesday. The CcHub founder and CEO was nominated as a ministerial nominee some days ago and he successfully scaled through a gruelling…

PayPal, a major player in the payments industry, announced that it will halt the option for UK customers to purchase cryptocurrencies through its platform starting from October this year. This move is in response to the implementation of new regulations aimed at controlling crypto promotions within the UK market. The…

Olumide Balogun, former Google’s head of Consumer Apps for Sub-Saharan Africa, has now assumed the role of Google Director, West Africa. Remember the position was made vacant when Juliet Ehimuan resigned from the role in July 2023 after 12 years. Olumide Balogun joined Google in 2019 from HMD Global where…