Author: Staff Writer

Neuralink says that it expects to start implanting its coin-size computer chip in humans with the next six months. This announcement was made at a company event at its Fremont, Calif. headquarters on Wednesday evening Elon Musk had hinted in 2021 that that his neurotechnology company might start implanting its brain…

NopeaRide Electric Vehicle taxi service, a 100% emission free taxi hailing fleet, is closing shop in Kenya. According to the statement on its website, “Following the announcement that our majority shareholder, EkoRent Oy, has declared insolvency in Finland, we are sad to announce that InfraCo Africa Limited the minority shareholder…

The Federal government has announced that telecom operators that want to deploy broadband infrastructure in green areas will only have to pay N14.50 as Right of Way (RoW) charges. This announcement was made by the Minister of the Federal Capital Territory (FCT), Mohammed Bello, at the official launch of some…

Orda, a Nigerian restaurant management startup, announced that it has raised $3.4 million in a seed funding round to build and scale out its payment feature, expand its restaurant network and enter into new markets in its pan-African expansion drive. Adding this new fund to the $1.1 million dollars raised…

There’s no one way to make sure that your startup succeeds, but there are certain things you should have if you want to achieve that success. The first thing you need to do is define that term success. Will it be staying in business for one year or for five…

Ejara, a Cameroonian fintech, announced that it has raised $8 million in a series A funding round co-led by Anthemis and Dragonfly. Combined with $2 million raised in 2021, this brings total funds raised since inception to $10 million. Founded in 2019 by CEO Nelly Chatue-Diop and her co-founder Baptiste Andrieux, Ejara offers…

Yahoo has entered into an exclusive partnership agreement with Taboola, a content recommendation company which sees Yahoo taking 25% of the company and a seat on the Taboola Board of Directors. This partnership will allow Yahoo further enhance its own unified advertiser offerings, enhance consumer experiences across Yahoo’s owned media…

After holding off on Twitter Blue Verified relaunch, Elon Musk has tweeted that the Twitter verification feature will be tentatively launched on Friday, 2nd of December. It had to be suspended initially because of a “high level of impersonation.” He states that there will be three checks this time -…

South African API payment and collections company, Revio, announced that it has raised $1.1 million in a seed funding round led by SpeedInvest, joined by RaliCap Ventures, The Fund, and Two Culture Capital. Other participants in the round include Sequoia, Quona Capital, and Circle Payments. This is Revio’s first institutional…

Djamo, a Fintech startup based in Cote d’Ivoire, announced that it has raised $14 million in a funding round to expand into two new Francophone countries before the end of next year and expand its product portfolio. Founded by Hassan Bourgi and Regis Bamba in 2019, Djamo is a financial…

Over the past few years, cryptocurrency has gone from being seen as an unreliable asset only computer aficionados could afford to being seen as a reliable asset available at most modern brokerages. This widespread approval has resulted in stricter government oversight. Several nations have begun taxing cryptocurrency gains and cracking…

Twitter has finally agreed to sit down and renegotiate the severance terms with its sacked staff in the African office. As the story goes, the Twitter employees were laid off in the recent purge by Elon Musk when he bought and took over the social media company. The company let…

SweepSouth, South Africa’s online home services platform, announced that it is pausing its Nigerian operations effective 25th November 2022 due to unfavourable conditions. The startup made this statement via its Twitter page on Tuesday. SweepSouth Nigeria, has made a very difficult decision to pause our Nigerian Operations effective Nov 25th,…

Leta, a Kenyan B2B supply chain and logistics SaaS provider, announced that it has raised $3 million in a pre-seed funding round to expand its operations in its existing operating countries – Kenya, Tanzania, Uganda, Zambia and Zimbabwe and in new markets in West Africa, specifically Ghana and Nigeria. Participants…

Autochek Africa, a foremost African automotive technology development company, has announced the launch of a new business arm, Autochek Financial Services, to address the vehicle financing challenges across the continent. This new business will introduce a range of vehicle financing solutions for consumers and businesses and will continue to support…

Billionaire Elon Musk has said he would be holding off on Twitter Blue Verified relaunch until there is high confidence of stopping impersonation. The Twitter Blue verification feature was scheduled for relaunch on the 29th of November after its suspension due to a rise in fake impostor accounts. The Twitter…

Becoming an entrepreneur is one of the best ways to create value for your community, achieve financial independence, and gain the freedom to work only on things that matter to you. It is no wonder that society idealizes entrepreneurs. They put forward daring ideas, provide jobs, support the economy, and…

Over the weekend in Johannesburg, South Africa, Africa Business Heroes (ABH) announced the top three winners in the 2022 ABH competition. In October, the philanthropic initiative unveiled this year’s top 10 finalists. The winners are: 1st Prize winner ($300,000): Elia Timotheo, East Africa Fruits Co., Tanzania1st Runner-up ($250,000): Tesh Mbaabu, MarketForce Technologies,…

Helios Investment Partners, an Africa-focused private investment firm, announced that it has signed agreements to acquire majority stakes in two African data centres – Maroc Datacenter (MDC), a carrier neutral data center in Morocco, and IXAfrica Data Centre Limited, a leading developer and operator of hyperscale-ready data centres in Kenya. MDC operates in the Rabat metro area of Morocco. Since…

Goodwell Investments, a Netherlands- based investment firm has launched a €150m fund – uMunthu II to fuel the next wave of African innovation. Goodwell is raising the fund to finance innovative, scalable, small and medium-sized businesses that improve the access and affordability of basic goods and services for un(der)served consumers…