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Nigerian-owned startup Sendsprint has acquired Nobel Financial Inc., a US-based global remittance service provider, to expand its footprint and services to customers in the United States. The firm is a cross-border payments startup operating in the UK, Ghana, Kenya, South…
Founders Factory Africa (FFA), an African venture capital, has announced its rebrand and name change to 54 Collective. The company has developed its business model to better support transformative technology ventures across the continent. Founders Factory Africa Rebrands To 54…
The Central Bank of Nigeria has approved the merger of Providus Bank Limited and Unity Bank Plc. This marks a notable milestone in both banks’ development. The approval came after months of the deteriorating financial health of the Unity Bank. …
Google, a prominent leader in AI features and tools, introduced its new sets of ‘Help me’ AI tools. The AI tools include History Search, Tab Organizer, Tab Compare, and more. The search engine giant also added these new features, plus…
Nigeria’s prominent neobank, Kuda, backed by Target Global, has tripled its revenue. This is reportedly stated in its recent audited financial statements, which were filed with U.K. regulators where the startup is incorporated. High Customer Base Leads To Increased Revenue For…
Access Bank Plc has sold off 8% of its stake in its Botswana subsidiary Access Bank Botswana. The action caused the popular Nigerian banking group shares to jump from P1.80 to P2.04. Access Bank Botswana Sells Stock as Growth and…
Spiro Launches E-Bikes in Ogun: Spiro, Africa’s largest electric vehicle (EV) player, has announced the official launch of its operations in Ogun State. The launch ceremony on July 31, 2024, at the Arcade Ground, Ogun State Governor’s Office, Oke-Mosan, Abeokuta,…
MTN Loses Limpopo Case: MTN, a major telecommunications company in South Africa, has lost a Special Tribunal exception application. This is in connection with the alleged irregular supply of mobile devices for COVID-19 screening to the Limpopo Department of Health.…
Nvidia Faces US Antitrust Probe: The US Department of Justice (DOJ) has launched an investigation into Nvidia after complaints from rivals. The company’s competitors claimed that it may have abused its market dominance in selling chips that power artificial intelligence.…
Cape Town Data Centre Expansion: Pan-African data center provider Africa Data Centres (ADC) has commenced the expansion of its CPT1 facility in Cape Town, South Africa. Before the expansion, the facility offered 5.5MW of IT capacity across 2,700 sqm (29,000…