Author: Tapiwa Matthew Mutisi

South African fintech investment firm, Crossfin Technology Holdings, has been acquired by a consortium of investors, including Patrice Motsepe’s African Rainbow Capital (ARC), for R1.5 billion. The consortium is led by Ethos’s Mid-Market Fund I and includes the founding Crossfin executive management team, EMMF I co-investors Ethos Artificial Intelligence Fund…

Niantic and a FinTech debit card company called “Fold” have debuted a new game called “Fold AR” and it is an augmented reality (AR) game that focuses on Bitcoin and cryptocurrency. The game is not an NFT title, rather a game that circulates on Bitcoin and earns the top cryptocurrency…

The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano and financed by bitcoin bonds. El…

Apple has filed a lawsuit against NSO Group, the Israeli spyware developer blacklisted by the Biden administration earlier this month, accusing the firm of targeting and surveilling Apple users. The suit, filed Tuesday in a California federal court, seeks to permanently prevent NSO Group from using the Silicon Valley giant’s software,…

MTN Nigeria Communications Plc (MTN.ng) today announced that the Securities and Exchange Commission (SEC) has approved an offer for sale of up to 575 million ordinary shares in MTN Nigeria, by way of a bookbuild to qualified investors (Institutional Offer) and a fixed price to retail investors (Retail Offer). The Institutional…

Liquid Intelligent Technologies, a subsidiary of Cassava Technologies, announced today the appointment of Denny Marandure to the post of Chief Executive Officer for Raha Limited, Tanzania. Liquid acquired Raha Limited in 2016 and at the time made the pan-African provider the biggest shareholder in the entity, further expanding its reach…

MultiChoice has announced that Nolo Letele the man who built DStv into a juggernaut will retire as a non-executive director of the board of directors and the social and ethics committee with effect from 1 December 2021. The company said in a statement on JSE SENS: “The Board expresses its…

According to a disclosure it filed with the Security and Exchanged Commission (SEC) on Monday, web hosting company GoDaddy Inc said email addresses of up to 1.2 million active and inactive Managed WordPress customers had been exposed in an unauthorized third-party access. GoDaddy’s chief information security officer Demetrius Comes said the company…

Meta, earlier known as Facebook, has no plans to roll out default end-to-end encryption (E2EE) for Instagram and Facebook Messenger till 2023. The social media giant had merged Instagram chats and Messenger last year to create a unified messaging platform across all of its subsidiaries. While users can opt to activate…

El Salvador after recently becoming the first country in the world to officially adopt the largest and most popular cryptocurrency bitcoin as legal tender now it plans to build the world’s first “Bitcoin City”. El Salvador’s President Nayib Bukele announced the ambitious plan to build a so-called “Bitcoin City” in which…

Swedish mobile telecoms equipment maker Ericsson said on Monday it had agreed to buy cloud communications firm Vonage for $6.2 billion after the deal received “the unanimous approval of the Vonage board of directors” and it’s part of Ericsson’s strategy to expand its presence in the wireless enterprise and broaden…

The JOOX music streaming service – including JOOX VIP, Telkom Music run by JOOX, and JOOX through MultiChoice’s DStv are all done in South Africa and will shut down on 31 March 2022. JOOX has given no reason for the abrupt termination of its services and a few months ago…

Following news on Wednesday that e-commerce giant Amazon from Jan. 19 onward, the company will no longer accept Visa credit cards issued in Britain ” due to the high fees Visa charges for processing credit card transactions,” Visa Chief Financial Officer Vasant Prabhu expects to resolve its dispute with Amazon.com Inc and hopes to…

Apple shares hit a record on Friday following a report that the company is accelerating efforts to launch a self-driving vehicle. As of early afternoon on Friday, Apple’s stock was up more than 1% to above $160, and its shares are up 21% this year, lifting the company’s market cap past…

Facebook might soon help you manage the overly chatty people in your social stream. According to a statement from Facebook parent company Meta, it’s testing News Feed controls that let you raise or lower the volume of content you see from friends, groups, Pages, and relevant topics. If a relative post far too often…

Bitcoin price continued its slide as the digital token slipped below $57,000 for the first time since October, in a retreat from record highs. The world’s largest and most popular cryptocurrency was trading over 6% lower at $56,328.8. Bitcoin recently hit a record high of around $69,000 and is up over 93%…

“Spiritual opium” is how the Chinese brand video games. After a tightening of the noose around the industry and rules at the start of the school year that limit screen time for teens to three hours a week, Fortnite has announced that it is folding. Three years on and one billion dollars spent, and…

Tesla Inc is challenging a federal court verdict ordering it to pay about $137m (£101.5m) to Diaz Owen, a black former employee who says he was the subject of racist behaviour from bosses at the company’s California factory. This is believed to be one of the largest payouts ordered by a…

Twitter has updated its platform to prevent auto-refreshing of users’ feeds that caused some tweets to “disappear” while they were reading them. The platform first announced it was working on the update in September, saying “we know it’s a frustrating experience” when tweets disappeared from view mid-read, and the fix is…

MTN Group says it has exited its operation in Yemen in a transaction that furthers the delivery of its Ambition 2025 strategy and is in line with its intention – announced in August 2020 – to leave the Middle East. Yemen, although it is geographically located in Africa, was part…