Author: Staff Writer

The world of cryptocurrency is constantly evolving, with groundbreaking advancements bridging the gap between traditional financial systems and the emerging crypto ecosystem. In a significant stride forward, Binance and Mastercard have partnered together to launch Binance Card, a prepaid crypto card, in Brazil, marking a pivotal moment for both crypto…

After more than a decade of operations, Tech Nation UK announced that it was shutting down due to the termination of its core grant funding from the Department for Digital, Culture, Media, and Sport of the United Kingdom (DCMS). The grant has been awarded to Barclays Bank for its programme…

What, in your opinion, is the most important thing to keep your business running? Is it Or, something else? No doubt that these are the fundamentals to keep your business on track. However, when it comes to growing it on a whole new level, asset protection becomes the top priority.…

Convergence Partners, a Pan African private equity investor focused on the technology sector across sub-Saharan Africa, announced that it has raised $296 million for its Convergence Partners Digital Infrastructure Fund (CPDIF). This represents the firm’s largest fund to date bearing in mind that its first close in 2021, was $120…

Online scams are affecting more and more people every year. The way that these scammers work often leaves victims without a clear way to get justice. That’s why Global Refund Group provides investigative services and fund recovery, helping people who don’t have any other options. We searched through Global Refund…

Apple has announced that the App store prices, i.e. of apps and in-purchases, will increase as from February 13 in Nigeria, South Africa Egypt, Hungary, Norway, Colombia and the United Kingdom. This means iPhone users will pay more for apps consumed. According to Apple in a note to developers, the…

In the article below, we will discuss chargebacks and how you can protect your business from them. Keep on reading to get the complete information. What Are Chargebacks? Chargebacks are transactions initiated by credit or debit card users that enable them to dispute the initial transaction and request a refund. …

It is not uncommon to get annoyed when driving as many things can lead to this annoyance. These can include traffic, waiting behind a large vehicle, a vehicle driving too slowly in front of you, or being cut off. Such annoyance often leads to aggressive driving which is one of…

The Nigerian government has officially recognized the unionization of e-hailing taxi drivers by presenting a letter of approval of registration to the Amalgamated Union of App-Based Transport Workers of Nigeria (AUATWON) Nigeria’s Labour Minister, Chris Ngige recently presented a certificate of registration to the Union after FG approved the union.…

The Nigerian apex bank, Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System (NIBSS) have collaborated to introduce a national card scheme named AfriGo. The apex bank muted the idea of a national card scheme at a Bankers’ Committee press briefing in October 2022. At the launch yesterday,…

In today’s fast-paced business environment, staying efficient and productive is crucial for success. Fortunately, there are numerous tools available that can streamline workflows, improve collaboration, and enhance overall productivity. This article seeks to explore six must-have tools that can significantly boost efficiency in any business. By incorporating these tools into…

The Central Bank of Nigeria (CBN) announced that its regulatory sandbox is now live. It made this announcement via a tweet on its twitter handle. It launched the Regulatory Sandbox on the 13th of December 2022 nearly 24 months after the release of its Framework for Regulatory Sandbox Operations A sandbox…

South African based ecommerce giant Naspers and its related European entity are to lay off 30% of their workforce. According to a statement released by Prosus, “We are adapting to a changing macro environment and have been working for some time to strengthen our cost structures.” Prosus Chief Executive Officer…

Moroccan based UM6P Ventures announced that it has invested an undisclosed amount in Zuri Health to support its growth and expansion across Africa. The funds will be utilized to upgrade its existing technology, employ additional personnel, and broaden the services and regions available to patients. With this funding, Zuri Health…

Cathedis, a Moroccan start-up that specializes in delivery and e-logistics, has announced the completion of its latest funding round, which includes a “pre-series A” fundraising of 5 MDH from Afrimobility, a venture capital firm from the AKWA Group, and a bridge of 2.5 MDH provided by CDG Invest, for a…

Egypt-based eSports platform, GBarena has announced an agreement to acquire Tunisia-based Galactech, the gaming leader in North Africa in a share swap deal valued at around $15 million. This is GBarena’s second Tunisian acquisition this month and this supports its expansion into the GCC, including Saudi Arabia, with further expansion…

Tech giant Microsoft announced that it is extending its partnership with OpenAI with a multiyear, undisclosed multibillion dollar investment to accelerate Artificial Intelligence (AI) breakthroughs to ensure these benefits are broadly shared with the world. This agreement follows previous investments in 2019 and 2021. This is the third phase of…

Tech giant Google has announced it is is reducing its workforce by approximately 12,000. According to Sundai Pichai in an email to staff, “I have some difficult news to share. We’ve decided to reduce our workforce by approximately 12,000 roles. We’ve already sent a separate email to employees in the…

Netflix announced that its founder, Reed Hastings, has stepped down as co-CEO. Ted Sarandos and Greg Peters are now co-CEOs of the streaming giant, while Reed Hastings is now the executive chairman. Hastings, who founded Netflix in 1997, has been instrumental in building the company from a small DVD-by-mail service…

Kuda, a Nigerian-founded digital bank, has obtained a digital banking license in Pakistan. It applied as KT Bank in conjunction two Pakistani companies — Fatima Fertilizer and City School to emerge as one of the winners of the five available digital banking licenses. Twenty parties submitted their bids for the…