Author: Staff Writer

The Nigerian Communications Commission (NCC), Nigeria’s telecommunications regulatory body has granted licenses to 25 companies to provide mobile telecommunications services under the Mobile Virtual Network Operator (MVNO) framework. This is coming after almost two years the regulator first spoke about the plan to license MVNOs. A Mobile Virtual Network Operator…

The shares of Tingo Group, founded by Dozy Mmobuosi, lost over 50% of its value on NASDAQ after a Hindenburg Research report calling the company an “obvious scam” with alleged falsified financials. The US-based short seller made serious allegations in a report about the company and its founder, Dozy Mmobuosi.…

The US Securities and Exchange Commission has filed over a dozen charges against Binance, world’s largest crypto exchange and its CEO Changpeng Zhao for misleading investors, operating what it calls an ‘extensive web of deception.’ The complaint was filed by the Securities and Exchange Commission (SEC) in a federal court…

The electric grid is a complex network that delivers power all around the world. It enables us to power our homes and businesses, but it can be hard to understand how it works and how we can optimize it. As electricity costs continue to rise, businesses need to take a…

BUA Cement, a proudly African, world-class cement producer headquartered in Nigeria, announced that it has raised $500 million in a financing deal led by the International Finance Corporation (IFC) and a group of African and European partners. The $500 million financing package includes $160.5 million from IFC, $94.5 million loan…

Helium Health, the largest Electronic Medical Records (EMR) and Hospital Management Information (HMI) Systems provider in West Africa, has raised $30 million in a Series B funding round led by global investment leaders, AXA IM Alts. Other participants in the funding round include Capria Ventures, Angaza Capital, U.S. based Flatworld…

Recently, night vision (NV) and thermal imaging (TI) technologies have become available to the military and ordinary people. They have found wide applications in the civil sphere, ranging from solving the most straightforward tasks to performing very responsible work. In all cases, NV and TI devices become essential to success…

Co-Creation Hub (CcHUB) has revealed the selection of 12 startups to form the inaugural cohort of the Mastercard Foundation Ed-Tech Fellowship Program in Nigeria. The program, initially announced in February 2023, has undergone a meticulous three-month-long selection process to identify startups that fulfill the rigorous criteria set by the Mastercard…

Fitbit made it clear last year that significant changes were underway as Google aimed to integrate the Fitbit brand into its own. The company announced the discontinuation of Fitbit account support and its replacement with Google accounts. The initial step towards this transition is set to commence next week. Google…

Tingo Mobile, a leading Agri-Fintech company operating in Africa, announced that it has provided a 3 Billion Naira (approximately USD $6.5 Million) loan facility to the All Farmers Association of Nigeria (“AFAN”) for the primary purpose of cultivating 3,000 hectares of new farming land for rice and wheat production. The…

In a statement made available today, the Senegalese government has restricted access to mobile internet services in specific areas because of deadly rioting in which “hateful and subversive” messages have been posted online Fir the past three days, there has been violent protests in the West African country which has…

Mastercard Foundation and Institut Pasteur de Dakar (IPD) have announced a $45 million partnership named MADIBA (Manufacturing in Africa for Disease Immunization and Building Autonomy) towards achieving vaccine manufacturing autonomy in Africa. The multi-year initiative, which is designed to cultivate and construct an exceptional workforce dedicated to vaccine manufacturing, “will…

President William Ruto of Kenya has launched the second phase of the Hustler fund targetting small investment groups (Chamas) and Savings and Credit Co-Operative Societies (Saccos). According to him, loans being given in this phase of the hustler programme range from Sh50,000 (minimum) to Sh1 million. Named the Hustler Chama…

Apple’s App Store ecosystem achieved a remarkable milestone in 2022, with developer billings and sales surpassing an impressive $1.1 trillion, as confirmed by an independent study conducted by economists from Analysis Group. Furthermore, the study revealed that over 90% of the billings and sales directly benefited developers and businesses of…

Meta Platforms CEO Mark Zuckerberg made an exciting announcement via Instagram as he revealed the highly anticipated Quest 3 VR headset, Meta’s next-generation mixed reality device. This move comes as Meta prepares for potential competition from Apple, which has been rumoured to be entering the mixed reality market. Priced starting…

Baidu Inc., the prominent Chinese search giant, has announced its plans to establish a venture capital fund with a total investment of 1 billion yuan ($145 million). The fund aims to support start-ups focused on content generated by artificial intelligence (AI) applications. In addition, Baidu will be launching a developer…

Uganda’s Zofi Cash announced that it has raised $1m pre-seed funding from Advancly. Founded in 2020 by Paul Kirungi (CEO) and Gordon Turibamwe (CTO), Zofi Cash is a digital financial platform taking care of employees’ financial emergencies before payday by providing Instant Salary Advances. The startup offers salary advances at a…

Morocco-based healthtech startup DataPathology has raised $1 million (10 million Dirhams) from Azur Innovation Fund to expand its network of laboratories in Morocco and Africa. It also intends to enhance its internal capabilities to augment the volume of data processed within its platform. This follows the successful raise of $196,000…

If you’re a Jeep owner and you’ve ever found yourself wanting to buy parts for your vehicle, you know it can be challenging to find a place to sell them. That’s because many companies don’t specialize in Jeep parts and accessories. They only sell parts for one vehicle brand or…

Trades have been one of the best options for businesses to present their products and services to the right target audience and potential clients, especially in the B2B segment. That’s why the B2B trade show market was worth $10.2 billion in 2022. But attracting attendees is not an easy task.…