Author: Staff Writer

Crypto giant, Binance, is leaving the Netherlands. According to a blog post by the company, it stated that it was not able to register as a virtual asset service provider (VASP) with the Dutch regulator. It said it has been in a comprehensive registration application process and has “explored many…

Peach Motors, a Kenyan auto marketplace announced that it has raised $5 million in a seed funding round led by Japan-based The University of Tokyo Edge Capital Partners (UTEC) and other angel investors, including Shintaro Yamada (founder and CEO of Mercari), Peter Kenevan (VP, Head of Japan at PayPal), and…

OmniRetail, popularly known as OmniBiz, has raised an undisclosed amount from Aruwa Capital Management, an early-stage growth equity and gender lens fund investing in Nigeria and Ghana. OmniRetail is a tech-first B2B e-commerce company that aggregates end-to-end retail operations to help manufacturers, distributors, logistic partners, and retailers achieve their business…

Social media giant, Twitter is being sued by the National Music Publishers’ Association (NMPA) for allowing users to post music on the platform without a license. According to the lawsuit, it is claimed Twitter drives user engagement with “countless infringing copies of musical compositions. Twitter stands out among major social…

Thanks to organizations like NASA, remote sensing and satellite data analysis are now widely available. Although initially developed for military use, the technology’s potential for providing helpful information has been realized and utilized by many different industries. Companies and individual users can use these technologies to gather valuable information. Some…

The Central bank of Nigeria (CBN) has announced the unification of all exchange rate windows. Henceforth all foreign exchange transactions will be done through the Investors & Exporters (I&E) window. In the circular titled “Operational Changes to the Foreign Exchange Market” signed by Angela Sere-Ejembi, Director, Financial markets, the CBN…

Water is a precious resource, and as concerns over scarcity and environmental impact continue to grow, it becomes essential to adopt responsible water management practices. Conducting a water consumption audit can help identify areas of waste and inefficiency, leading to significant bill savings and a more sustainable future. In this…

YouTube is lowering the eligibility criteria for its monetization program under the YouTube Partner Program (YPP). Hitherto, you had to have 1000 subscribers and either 4,000 watch hours in the past year or 10 million Shorts views in the last 90 days to qualify for monetization. The new conditions for…

It is now official. Hilda Baci holds the record for the Guinness World record for longest cooking marathon (individual), with a time of 93 hours 11 minutes. This was confirmed in a statement published on the Guinness World records website today. According to the body, “following a thorough review of all…

In the ever-evolving landscape of the business world, remote work has become the new norm for many organizations. Companies have been rapidly shifting towards distributed workforces, heralding a new era where traditional office spaces and nine-to-five schedules are steadily becoming things of the past. However, this shift has brought to…

In today’s competitive market, you must work extra hard to increase your business’s chance of surviving. As a business owner, it’s your job to make your business successful so that all your time, money, and effort won’t go to waste. One way to boost your business success is to strategize.…

Financial giant, HSBC is launching a new entity called HSBC Innovation banking from the ashes of Silicon Valley Bank UK which it acquired in March 2023. At the time of the acquisition for £1, Silicon Valley Bank UK Limited (SVB UK) had loans of around £5.5bn and deposits of around…

Communities on the popular social media platform Reddit are going “dark” or “private” to protest the site’s decision to try to monetise access to its data. Going “dark” or “private” means that people outside the communities will be prevented from seeing their posts. As at the time of writing this…

Financial giant, JP Morgan has joined other financial institutions in the race of Artificial Intelligence products for their customers. The financial institution is reportedly working on a ChatGPT-like software service that would offer customers investment advice. According to a CNBC report, JP Morgan applied to trademark a product called IndexGPT this month.…

Nigeria’s Securities and Exchange Commission (SEC), the regulatory institution of the Nigerian capital market and supervised by the Federal Ministry of Finance, has issued a circular describing Binance’s operations illegal. According to the regulatory body, “Binance Nigeria Limited is neither registered nor regulated by the Commission and its operations in…

Haul247, a Nigerian logistics startup, announced that it has raised $3 million in a seed funding round with $2 million equity investment from Gender-lens investing fund Alitheia Capital. Haul247 intends to use the funds to grow its market share to about 20% and increase the number of multinationals on its…

Goodwell Investments and Alitheia Capital have achieved a first close of €57 million for their uMunthu II fund, which is dedicated to investing in early and growth-stage SMEs in Africa, with a particular focus on businesses led by women. This has created significant momentum for Goodwell’s latest uMunthu II fund,…

Egypt-based healthtech Rology has successfully completed the acquisition of Arkan United, a teleradiology provider based in Jeddah, Saudi Arabia, specializing in telemedicine services for an undisclosed amount. The agreement was formally signed by Rology’s CEO, Amr Abodriaa, and Tarik Baeshen, the CEO of Arkan. “We are delighted to announce our…

WhatsApp announced the launch of a broadcast-based messaging feature, called Channels. Channels is a simple, reliable, and private way to receive important updates from people and organizations, right within WhatsApp. WhatsApp is building a new tab called Updates where Channels messages will show up. According to the Meta company in…

SC Ventures, Standard Chartered’s fintech and investment arm, recently launched Tawi, a B2B agritech marketplace based in Kenya, offering secure e-commerce transactions for smallholder farmers. Tawi’s primary goal is to create a reliable and stable market for farmers, ensuring price transparency and optimizing supply chain management for improved efficiency. “Tawi…