Latest News
The Financial Sector Conduct Authority (FSCA) of South Africa has made a significant announcement, revealing…
Youverify, a Nigerian innovator in the field of identity verification and anti-money laundering (AML) solutions,…
XSML Capital, renowned for providing critical growth capital to small and medium-sized enterprises (SMEs) in…
Gavi, the Vaccine Alliance has joined forces with Switzerland-based company Seedstars, to launch INFUSE 2024,…
The Federal Government revealed on Wednesday its plan to launch a $2 billion fund aimed…
Access Holdings has announced Aigboje Aig-Imoukhuede as the non-executive Chairman of the Board of Directors.…
Music streaming giant, Spotify, has rolled out a video streaming service to revolutionize the way…
Even as ByteDance, the parent company of TikTok, faces a possible ban in the US,…
On Wednesday, the European Union Parliament made history by approving the world’s first substantial regulatory…
Chinese tech major, Xiaomi, has announced that it will begin deliveries of its first electric…
The US House of Representatives has passed a significant bill which, if enacted, might result…
China has issued a warning to the US, suggesting that a prospective ban on TikTok…
The Prudential Authority of the South African Reserve Bank has granted Capitec approval to increase…
Kenya is emerging as a leader in Africa’s Business Process Outsourcing (BPO) sector with the…
BUSINESS
Amazon is reducing its workforce in the Prime Video and MGM Studios division by hundreds of jobs, according to an email sent out by division leader Mike Hopkins. He announced on Wednesday morning that “several hundred roles” would be cut. The layoffs come the same day Amazon’s Twitch livestreaming unit announced…
Educational technology app Duolingo has laid off about 10% of its contract workers as part of a shift towards greater use of artificial intelligence (AI). While not all the layoffs stemmed from technology changes, the language learning company did let some contractors go at the end of 2023 in order…
Twitch, the livestreaming platform owned by Amazon, is reportedly set to reduce its workforce by 35%, which equates to nearly 500 employees, according to Bloomberg. The company is expected to announce this reduction later this week. This marks another setback for the already troubled company, which last year saw staff…
Unity Software has announced it is cutting 1,800 jobs, about 25% of its workforce, marking another wave of layoffs at the gaming technology company. The announcement caused a nearly 5% upturn in the stock in extended trading. In a regulatory filing, Unity stated that these cuts form part of a…
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Startup
The 2020 Partech Africa report is finally out! The largest Venture Capital (VC) fund dedicated…
Mineworkers Investment Company (MIC) teams up with early-stage investment firm to help African start-ups navigate second-round funding challenges.
Egypt-based health tech startup, Dileny Technologies LLC (DilenyTech) that develops AI and medical imaging solutions to improve…
Applications for the University of Cape Town GSB Solution Space 2021 E-Track Startup Accelerator programme are now…
Egypt-based property technology (proptech) startup Sakneen has raised $1.1 million in a seed funding round led by Algebra…
Applications to the NINJA Accelerator in Kenya are now open until February 22 and can be completed online.