Author: Staff Writer

Airtel Nigeria has announced Carl Cruz as the new Managing Director and Chief Executive Officer of Airtel Networks Limited (Nigeria), taking over from C Surendran. His effective commencement date is Friday, 5th of May 2023. Before joining Airtel Nigeria, Carl Cruz was the CEO and Managing Director of Unilever in…

Ajay Banga has been selected as the 14th President of the World Bank for a five-year term beginning June 2, 2023. Nominated to the role by President Joe Biden in February, he will succeed David Malpass who resigned recently. This was confirmed in a press release by the World Bank on…

Treepz, the leading African mobility company, has re-launched its consumer facing app as a new innovation in Africa. It is the first car-sharing marketplace in Nigeria, Ghana, Kenya, and Uganda created to serve more than 26 million vehicle owners in Africa today. The marketplace allows car owners to rent out…

NOMBA, formerly known as Kudi, announced that it has raised $30 million at a valuation of over $150 million. The Series-B funding round was led by San Francisco-based Base 10 Partners. Other participants include existing investors Partech and Khosla Ventures and new investors including including Helios Digital Ventures and Shopify (this is Its first investment…

Nigerian Securities and Exchange Commission has started accepting applications for its Regulatory Incubation (RI) program for FinTech firms operating or seeking to operate in the Nigerian Capital Market. The Regulatory Incubation was first discussed in a circular from Securities and Exchange Commission (SEC) in June 2021. Hitherto some fintech companies…

Nigeria’s Raw Materials Research and Development Council (RMRDC) announced that it has developed a cardiovascular drug from oyster mushrooms. The innovation is through patents created by the agency’s researchers and developed at the Professor Hussaini Ibrahim Technology and Innovation Center. According to Engr. Florence Madueguna, the Project officer at the centre,…

The Nigerian Securities and Exchange Commission (SEC) is reviewing applications for digital exchanges on a trial basis to expand market participation in the country. According to Abdulkadir Abbas, head of securities and investment services at the Abuja-based commission in an interview, the SEC is considering permitting tokenized coin offerings on…

ChatGPT’s service is now available in Italy, a couple of days after OpenAI announced a set of privacy controls for the generative AI chatbot. CEO Sam Altman tweeted about this stating that the company was excited that ChatGPT is available in 🇮🇹 again. In March, Italy’s data protection authority, Garante, imposed a…

OpenAI, the company behind the conversational AI model ChatGPT, has raised $300 million from venture capital firms at between $27 million and $29 billion valuation. According to a report from Techcrunch, , the firms include Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive, K2 Global and Founders Fund. This investment is different from…

The sustainable transport initiative of Oando Clean Energy Limited (OCEL) is set to begin its proof of concept phase with the delivery of electric mass transit buses to the company. This was disclosed in a statement released by the company late Tuesday Last year, the company signed a Memorandum of…

Good news for iPhone users! Microsoft has announced that Phone Link for iOS is now available for all Windows 11 customers. This feature lets you make and receive phone calls, send and receive iMessages, access your contacts, and see phone notifications all from your Windows PC. It’s been in preview…

42markets group, a financial and capital markets fintech investment group, announced that it has secured $10 million in growth funding from Convergence Partners, a leading private equity investor dedicated to the technology sector across sub-Saharan Africa. The funding will support the company in accelerating the development and expansion of its…

WhatsApp has announced the rollout of a new feature whereby subscribers can now log into the same WhatsApp account on up to four phones. The announcement of this new feature was made by Mark Zuckerberg on his Facebook and Instagram pages; “Starting today, you can log into the same WhatsApp…

Starting a business in Europe is the dream of many Americans. This is because there is plenty of untapped potential across the continent, and it can be an exciting venture. At first, many Americans are put off with establishing a business in Europe, as they don’t know where to begin.…

Over the weekend, some notable accounts tweeted that their blue verification ticks have been restored even though they did not pay for the ticks. On April 21 2023, Twitter suspended the legacy blue verification tick for those who did not pay the $8 subscription fee. Three people – William Shatner,…

Online learning has been on the rise in recent years, and it is now gaining more popularity due to the ongoing pandemic that has made in-person learning a difficult option. The advent of online learning platforms and tools has made it possible for learners to access learning materials and engage…

Elon Musk says he personally paid for William Shatner, LeBron James and Stephen King to keep their blue checkmarks as thousands lose their legacy blue checkmarks. Twitter removed the legacy blue tick from verified accounts yesterday. This comes months after the company’s billionaire CEO Elon Musk announced the date for…

Iconic BuzzFeed News is shutting down due to revenue issues. This announcement was made by CEO Jonah Peretti in a company-wide memo on Thursday. He said that he “overinvested” in BuzzFeed News even though the site didn’t have the “financial support required to support premium, free journalism.” According to him,…

Microsoft announced that it is dropping Twitter from its Microsoft Advertising plan as from 25 April 2023. The tech giant made this announcement via an update on one of its help pages: “Starting on April 25, 2023, Smart Campaigns with Multi-platform will no longer support Twitter. As of April 25,…

Copia Global announced that it is shutting down its Ugandan operations and suspending its expansion in Africa. The announcement was made by CEO Tim Steel in a blog post on Wednesday. According to him, this decision was a response to the prevailing economic downturn and constrained capital markets. The Kenyan…