Author: Staff Writer

Foremost fintech unicorn, Flutterwave, announced that it has secured a switching and processing license by the Central Bank in Nigeria. A switching and processing license allows a company facilitate transactions between financial service providers, merchants, customers and other stakeholders. According to the company in a blog post, “Previously, we operated…

Twitter is finally testing the “edit tweet” feature after many calls for this feature. This is most requested feature to date on the platform. We reported last month that Twitter was a step closer to adding the “long-awaited” edit button. Edit Tweet is a feature that lets people make changes…

Facebook announced that it is shutting down Facebook Gaming app just two years after it was launched. The Facebook Gaming app is a focused, gaming-only experience where you can watch your favourite streamers, play instant games and take part in gaming groups. This was supposed to be Facebook’s answer to…

Flutterwave, a Pan-African fintech Unicorn, announced that it is preparing for an initial public offering (IPO) on the Nasdaq stock exchange despite mounting allegations of financial impropriety. We reported yesterday that a Kenyan High court recently gave the order to freeze another Sh400.6 million ($3.3 million) in banks, M-Pesa linked…

Innovation is changing the world around us in many ways. Traditional manual processes have been replaced by efficient and intelligent machines, while phone operations have been replaced by digital means of communication. So, how is the higher education sector keeping up with this rapidly evolving digital world? To remain competitive,…

Risevest CEO, Eke Urum, has agreed to step aside to allow for a 6-week investigation into abuse of power and sexual impropriety allegations brought against him. Founded in 2019 by CEO Eke Urum, CTO Bosun Olanrewaju and Head of Product Tony Odiba, Risevest provides customers access to dollar-denominated investments in…

A Kenyan High court has reportedly given the order to freeze another Sh400.6 million ($3.3 million) in banks, M-Pesa linked to Flutterwave. This was done upon the application by the Assets Recovery Agency (ARA) to block the transfer or withdrawal, pending the filing of a petition to have the money…

Pezesha, a Pan-African fintech startup, announced that it has raised $11 million in a pre-series A round led by Women’s World Banking Capital Partners II (WWBCP II). The funding round was a mix of $6 million equity and $5 million debt which will assist in the growth of the company’s…

Snapchat has rolled out a new feature – Snapchat Dual Camera – which allows users capture photos and videos using the front and rear cameras on their phones simultaneously. This feature is similar to that made popular by BeReal app, founded by former GoPro employee Alexis Barreyat along with Kévin Perreau, and launched in…

Moneymie, a digital banking platform for immigrants, has shut down its retail service. In a notice on its website, it stated that it will be pausing its services for retail customers from the 9th of August, 2022. Founded in 2019 by some founders including Opeyemi Awoyemi, Moneymie was created as…

Thanks to the rapid growth of online gaming, an increasingly large number of people are making their living by broadcasting live gameplay on YouTube and Twitch. However, as with any emerging career field, there is also an abundance of individuals who try to get in on the action but ultimately…

IT downtime can have detrimental impacts on the success of your business and makes it very difficult to effectively grow your business. It causes financial loss, workflow disruptions, and reduced employee engagement. There are a number of reasons why IT downtime can occur. Cyber-attacks, data breaches, and hardware failure are…

SubsBase, a subscription management platform, announced that it has raised $2.4 million to scale its activities across the Middle East and North Africa (MENA). The seed funding round was led by Global Ventures, a Middle East and Africa-focused venture capital firm with other participating investors including HALA Ventures, P1 Ventures,…

From August 17 to September 15, 2022, I&P Conseil is launching a call for applications for the new edition of the Investment Readiness training, which is part of I&P Acceleration in Sahel program. 10 new entrepreneurship structures (incubators, acceleration centers, start-up studios) will benefit from a training program dedicated to…

Did you know the typical American uses their smartphone 345 times a day? That’s about every four minutes. A mobile app is used by approximately 88.2 percent of adults in the United States. Businesses realize they need to improve their mobile apps’ user experiences to keep up with the competition…

MTN Nigeria, one of the mobile telecommunications companies, that won a license to deploy 5G in Nigeria in December 2021, announced that it has kicked off a 5G pilot in the lead-up to its commercial launch. Nigerian Communications Commission (NCC), the Nigerian telecoms regulatory body, had given the license winners – MTN…

Alphabet Inc, the company behind search engine giant Google, has launched Google Wallet in South Africa. In July this year, it was officially made available on Android and Wear OS devices in 39 countries. Now South Africa has joined the list of countries where Google Wallet is available. Google Wallet…

Tech giant, Meta, announced that applications are now open for the AR/VR Africa Metathon in partnership with Imisi 3D and BlackRhino VR. The AR/VR Africa Metathon is a series of programmes and activations under the Meta global XR fund aimed at supporting African XR talents to build innovative solutions that demonstrate…

Sports giant, Adidas has launched solar powered headphones – the Adidas RPT-02 SOL – that has up to 80 hours of stored playtime. Built from 87% recycled plastics, the Adidas RPT-02 SOL sports a headband that incorporates a solar cell fabric called Powerfoyle, which transforms sunlight, artificial light and indoor light…

The Federal Competition and Consumer Protection Commission (FCCPC) in Nigeria has once again urged fintechs, Telcos to stop dealing or assisting unlicensed lending companies. The Commission specifically mentioned the following lending firms: Maxi Credit, Here4U, ChaCha, and SoftPay. This was reiterated in a statement released by the Executive Vice Chairman…