Author: Staff Writer

The Middle East’s leading seed and early-stage venture capital firm, Flat6Labs, has taken a groundbreaking step towards shaping the future of the construction technology (ConTech) industry with the launch of their “Makers” ConTech Accelerator Program. In partnership with SIAC and Dar Al-Handasah (Shair and Partners), this innovative initiative is set…

Moove, the pioneering global mobility fintech, has secured $76 million in a new funding round which includes $28 million in equity from both new and existing investors, led by Mubadala Investment Company, $10 million in venture debt from BlackRock-managed funds, and $38 million in previously undisclosed funds raised in the…

On August 9th, 1956, a significant event unfolded as more than 20,000 women from various racial backgrounds marched to Pretoria’s Union Buildings in South Africa. Their purpose was to protest against the legislation that mandated African women to carry passbooks. This act of courage kindled a flame that would spread…

Since 2016, Android users have enjoyed the convenience of using Facebook/Meta’s Messenger as an SMS app. However, this integration is slated to be discontinued in September. Those who rely on Facebook Messenger for SMS and MMS instead of Google or Samsung Messages are now receiving notifications about this forthcoming change.…

In a recent development, Elon Musk’s X, previously known as Twitter, has incurred a fine of $350,000 due to a failure to meet a crucial compliance deadline pertaining to a confidential search warrant involving former US President Donald Trump’s account. This incident is part of a wider investigation led by…

Airtel Africa and Mastercard have unveiled an innovative cross-border remittance service that will reshape the way individuals across 14 African markets send and receive money. This strategic partnership aims to empower Airtel subscribers with a seamless, secure, and swift remittance experience, strengthening financial connectivity and contributing to Africa’s economic growth.…

Sendy is shutting down its operations and is in advanced discussions about an acquisition. According to Meshack Alloys, Sendy co-founder in a confirmation to TechCrunch, “We are in the middle of an acquisition process. So yes, Sendy is being acquired. We will issue a formal joint statement in two weeks…

EMURGO Africa has announced a significant investment of USD 250,000 in Changeblock. This strategic move underscores EMURGO Africa’s commitment to driving innovation and progress in the blockchain space within the region. EMURGO Africa, the Africa and Middle East-focused venture arm of EMURGO is the official commercial arm and a founding…

Over the weekend, law enforcement conducted a raid on a Nairobi-based warehouse belonging to the cryptocurrency company WorldCoin, confiscating documents and materials. Armed with a search warrant, police officers visited the company’s offices along Mombasa Road and seized machines believed to contain the firm’s collected data. The obtained data was…

In an era where digital currencies and web3 environments are gaining increasing prominence, PayPal has taken a momentous step to revolutionize the landscape. The financial giant has introduced a U.S. dollar-denominated stablecoin named PayPal USD (PYUSD), aiming to harness the transformative potential of stablecoins in digital payments. Innovation Village reported…

Can someone remind again what the cause of the fight is? Why are two billionaires thinking of having a cage-fight? Elon Musk tweeted posted on Sunday that the cage fight will be live-streamed on his social media platform “X” formerly known as Twitter. He also added that the proceeds will…

The Federal Competition & Consumer Protection Commission (FCCPC) of Nigeria issued a statement delisting certain otherwise approved and registered Digital Money Lending companies and, or their Applications (apps) on the 20th of July 2023. The commission also said that by that action, the affected DMLs ceased to operate legally. According…

Moving to a new home comes with a mix of excitement and challenges. The relocation process can quickly become overwhelming, but you can turn it into a smooth and stress-free experience with proper planning and organization. This is where a comprehensive moving checklist plays a crucial role. When moving into…

GlaxoSmithKline (GSK) Nigeria announced on Thursday its intention to discontinue its business operations after assessing the options for transitioning to a third-party distribution model for its pharmaceuticals and consumer healthcare products. The decision comes as GSK Nigeria faced heightened competition from local firms and imports from India and China. The…

Goodwell Investments, an impact investing firm dedicated to fostering inclusive growth in emerging markets, is excited to announce its recent investment in SOUK Farms. SOUK Farms is a prominent grower and exporter of fresh horticultural produce from Rwanda, and this investment is a significant step towards furthering their sustainable agricultural…

Dr. ‘Bosun Tijani, CcHub founder and CEO, has been unveiled as a ministerial nominee in the 2nd batch of ministerial nominees released by Femi Gbajabiamila, chief of staff to President Bola Tinubu and shared by Senate President Godswill Akpabio today. Based on his work in the technology space, it is…

What is happening at Quidax? CEO Buchi Okoro tweeted posted that its app has been delisted from Google Playstore and its Twitter ‘X’ account blocked as it celebrates its 5th anniversary. It seems all is not well at the crypto startup as with many crypto startups in the last couple…

Rapyd, a fintech-as-a-service startup, has entered into an agreement to buy PayU’s Global Payments Organisation for $610 million. Rapyd, a digital payment processing and infrastructure company, offers comprehensive products encompassing the entire payment spectrum, from accepting ecommerce payments to providing various financial solutions like payouts, FX, white label wallets, and…

The International Finance Corporation (IFC) has joined forces with Absa bank, a South African financial institution, to promote the growth of certified green buildings in the country. Through a loan of up to 4.5 billion South African rand (approximately $236 million), the IFC aims to support Absa’s strategy of expanding…

Google’s dominance in online search has triggered a regulatory crackdown by South Africa’s antitrust body. The Competition Commission has concluded that Google, which is owned by Alphabet Inc., holds a dominant position in search, leading to a distortion of platform competition that favours larger market players. In response to this,…