Author: Staff Writer

Strive Masiyiwa’s Casssava Technologies has pledged to invest R4.5 billion in South Africa through its business units – Liquid Intelligent Technologies, Africa Data Centres and Distributed Power Africa. The announcement was made at the recently concluded 5th South Africa Investment Conference (SAIC) in support of South Africa President Cyril Ramaphosa’s…

Yet another crypto startup has succumbed to the challenges of the VUCA environment that we live in. This time, it is the turn of 2-year old Nigerian crypto payment startup, Lazerpay founded by then 19 year old CEO and co-founder, Njoku Emmanuel. It is shutting down. It showed signs that…

Ghana has become the first country to approve a new malaria vaccine – called R21 – from Oxford University. Ghana’s drug regulator has approved the vaccine domestically for the age group at highest risk of death from malaria – children aged 5 months to 36 months. Malaria remains a deadly…

Elon Musk says Twitter is “roughly breaking even” as most of its advertisers have returned. He added that the social media’s aggressive cost-cutting efforts have started bearing fruit after massive layoffs. The Billionaire CEO said he has been able to do this with 1,500 members of staff compared to over…

Focusing on preventive health care is a fundamental aspect of nurturing a healthy lifestyle. With the hustle and bustle of modern life, it’s all too easy to overlook our well-being due to demanding schedules and daily stressors. Nonetheless, prioritizing preventive care and consistent medical examinations is crucial for preserving our…

OpenAI, the company behind ChatGPT, has announced its Bug Bounty Program. The OpenAI Bug Bounty Program is designed to incentivize individuals or groups to discover and report security vulnerabilities or bugs in OpenAI’s software systems, applications, or infrastructure. The program offers monetary rewards for discovering and reporting security flaws or…

Starting from April 11, 2023, you can now pay a merchant for goods and services on WhatsApp in Brazil. This means that you can search for a business, browse goods and services, add them to your cart, and make a payment all with just a few taps within your WhatsApp…

Twitter no longer exists as an independent firm. It is now a part of Elon Musk’s X Corp. According to an April 4 court document submitted for a lawsuit filed against Twitter, Twitter has been merged into a new entity called X Corp, which is incidentally owned by billionaire Elon…

Kenyan based aquaculture company, Victory Farms, has completed a $35 million Series B funding round to expand its operations in Kenya and Rwanda, as well as potentially enter into Ethiopia, Uganda and Tanzania. The Series B round was led by Creadev, a global VC and growth equity evergreen investor controlled…

The Orange Business Intelligence Technology team ORBIT, which is the research and tech unit for Orange Group Nigeria recently released its smartphone and application penetration study for Quarter 4, 2022. Spanning across social media to entertainment, to banking and much more, the report is an eye-opener into the diverse trends…

Tech giant Google has stated in a recent update that apps aiming to provide or facilitate personal loans may not access user contacts or photos effective from May 31, 2023. Hitherto, loan apps in Nigeria make it compulsory for users to grant permission to access their photos and contacts. The loan…

Emirates Telecommunications Group Company (etisalat by e&) announced that it has agreed to acquire 50.03% of Careem Super App developed by Uber Technologies and its subsidiary Careem for $400 million With this investment, e& will become a majority shareholder in Careem’s super app, alongside Uber and all three of Careem’s…

The Federal Competition and Consumer Protection Commission (FCCPC) has released a list of 173 companies approved to provide digital lending services in Nigeria. In a statement released by FCCPC on its website on the 8th of April 2023, 129 companies were given full approval, while 49 were given conditional approval.…

Forex trading is a difficult task that requires a good understanding of how the market works, how economic indicators work, and how to trade. However, many traders overlook the importance of psychology in forex trading. The mental part is just as important as the technical and fundamental parts. Traders who…

Crypto exchange Paxful announced that it is shutting down due to regulatory challenges for the industry. The Founder and CEO, Ray Youssef made this statement in a message on the platform. According to him, Today, Paxful will be suspending its marketplace. We are not sure if it will come back.…

In today’s world, tasks have become more manageable for modern homeowners and business owners alike. Using mobile phones, anyone can turn on robot cleaners, regulate a room’s thermostat, lock doors, and adjust light bulbs for better brightness and ambiance. Aside from communicating with your appliances and gadgets through your phone…

Virgin Orbit, the satellite launch company, founded by Richard Branson has filed for bankruptcy protection in the US after failing to raise funds to keep afloat. This news comes within a week that the company announced it was letting go of 675 employees, about 85% of its workforce, leaving about 100…

The United Kingdom privacy watchdog has fined Chinese TikTok £12.7 million ($16 million) for misusing children’s data and violating other protections for users’ personal information. According to a statement from the Information Commissioner’s Office (ICO), TikTok allowed up to 1.4 million UK children under 13 to use its platform in…

Shuttlers, a Nigerian ride-sharing startup has raised $4 million in a funding round led by Verod-Kepple Africa Ventures (VKAV). Other participants include VestedWorld, SheEquity, CMC 21 & Alsa, and EchoVC. The same startup recently raised $1.6 million in a seed funding round, bringing their total funds raised since their inception…

African Payments Unicorn, Interswitch, announced that it set a new record in transaction volume processing, hitting over 1 billion transactions in a month, precisely the month of March 2023. This represents 58% growth over the previous month’s total transaction volumes processed. To put it in the right context, for the…