Author: Tapiwa Matthew Mutisi

Ifeoma Nwobu, the co-founder and chief operating officer of Sendstack, has officially departed from the company, signaling yet another significant change at the Norrsken-backed logistics startup, which has undergone two major pivots in the last five months. While the company has confirmed her exit, it has chosen not to provide…

Bybit, the cryptocurrency exchange that experienced a significant hack last Friday, managed to endure an outflow exceeding $6.1 billion over the weekend. In a positive development, the exchange’s CEO announced that the platform has successfully replaced the $1.5 billion worth of Ether that was stolen during the attack. According to…

VFD Group Plc, a diversified investment firm, has made a significant investment of ₦5 billion (approximately $3.35 million) into its digital banking subsidiary, VFD Microfinance Bank (commonly known as V Bank), with the aim of accelerating technological advancements and expanding its service offerings. Since its inception in March 2020, V…

Naspers’s European-listed subsidiary, Prosus, has reached an agreement to acquire Just Eat Takeaway.com, a prominent player in the on-demand fast-food sector in Europe, for €4.1 billion (approximately R79 billion) in an all-cash transaction. Prosus is offering Just Eat shareholders €20.30 per share, representing a substantial 49% premium over the three-month…

Ghanaian fintech startup Oze, which specializes in providing digital recordkeeping tools integrated with embedded finance products for micro, small, and medium enterprises (MSMEs), has successfully secured an undisclosed amount of funding from notable investors, including Visa and DEG. This funding will be instrumental in scaling Oze’s innovative lending management solution.…

Elon Musk’s internet venture, Starlink, has rapidly ascended to become Nigeria’s second-largest Internet Service Provider (ISP) by subscriber count as of the third quarter of 2024. This significant development was highlighted in the latest data released by the Nigerian Communications Commission (NCC). According to the NCC’s report, Starlink’s active customer…

Amazon has announced that it will be discontinuing its app store for Android devices, effective August 20, 2025. In a notice sent to developers, the company indicated that they will no longer be able to submit new applications to the store, marking a significant shift in Amazon’s strategy regarding its…

Despite facing challenges from DeepSeek, ChatGPT has achieved an impressive milestone by doubling its user base once again and surpassing 400 million weekly active users. OpenAI’s Chief Operating Officer, Brad Lightcap, expressed his gratitude on X, stating, “We feel very fortunate to serve 5 percent of the world every week.”…

Microsoft has recently unveiled a groundbreaking advancement in quantum computing with the introduction of its new quantum chip, Majorana 1. This innovative quantum processor serves a role similar to that of transistors in classical computer semiconductor chips, paving the way for the development of million-qubit systems housed within a single,…

Cell C is poised to introduce 5G services in South Africa within the next few months, marking a significant milestone in the company’s financial turnaround strategy. In an interview, CEO Jorge Mendes revealed that the company is in the advanced stages of preparing to roll out 5G services to its…

In a staggering incident that has sent shockwaves through the cryptocurrency community, hackers have successfully stolen approximately $1.5 billion worth of crypto tokens from Bybit, a prominent digital asset exchange. This breach has been characterized by Bybit’s chief executive, Ben Zhou, as the most significant theft the industry has ever…

Ethiopia’s agricultural sector is set to undergo a significant transformation with the recent establishment of a shareholders’ agreement between the Ethiopian Agricultural Businesses Corporation (EABC), Ethiopian Investment Holdings (EIH), and UK-based private equity firm Asset Green. This ambitious initiative, valued at $600 million, aims to enhance the nation’s food production…

Altvest Capital has made history by becoming the first publicly listed African company to integrate Bitcoin into its treasury strategy. The Johannesburg-based investment firm has acquired one Bitcoin, valued at approximately 1.8 million rand (around $98,200), and is now seeking regulatory approval to raise an additional $10 million through a…

Smallholder farmers are essential to the agricultural landscape of Ghana, comprising 70% of the nation’s agricultural workforce. Despite their significant contributions to food production, these farmers face numerous challenges, including entrenched poverty, limited access to credit, and unpredictable market conditions. Many lack the necessary tools and resources to thrive, leaving…

In January 2025, Nigeria achieved a significant milestone in its digital landscape as internet consumption surpassed 1 million terabytes for the first time since the Nigerian Communications Commission (NCC) began monitoring data usage in January 2023. This remarkable achievement underscores the country’s growing dependence on digital connectivity and the escalating…

The British International Investment (BII) has announced a significant additional investment of $4 million in SunCulture, a Kenyan company renowned for its innovative solar energy solutions and irrigation equipment. This latest funding initiative is aimed at expanding SunCulture’s reach and improving financial accessibility for smallholder farmers, who are often the…

AgDevCo, an investment firm focused on agribusiness in Africa, has secured a substantial financial boost through an $85 million joint investment from three prominent partners: Swedfund, British International Investment (BII), and Norfund. This funding initiative is aimed at enhancing agricultural productivity and food security in sub-Saharan Africa by providing support…

While many African nations are developing dynamic ICT policies and strategies to foster digital transformation, entrepreneurship and innovation, Zimbabwe’s ICT sector is struggling significantly. This stagnation can be traced back to the leadership under the current Minister of ICT, Tatenda Mavetera. Since her appointment, there has been little to no…

In a significant development for Egypt’s automotive sector, Dubizzle Group, a prominent technology leader based in the UAE, has successfully acquired Hatla2ee, one of the country’s foremost online car marketplaces. Dubizzle Group is well-known for operating some of the MENA region’s most popular classifieds platforms, including dubizzle, Bayut, and Drive…

Dabchy, an innovative e-commerce marketplace specializing in second-hand fashion, has successfully completed a pre-Series A funding round. This round was spearheaded by Janngo Capital, alongside contributions from various angel investors, notably including Karim Beguir, the founder of InstaDeep. The capital raised in this funding round is earmarked for several strategic…