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Jumia Technologies AG has successfully raised $99.6 million through the sale of 20 million ordinary shares. This secondary transaction, which was announced just ten days prior, has garnered attention as Jumia continues to navigate the competitive e-commerce market. The average…
The popular artificial intelligence chatbot ChatGPT, developed by OpenAI, experienced a global service disruption on Saturday, August 17, 2024. The outage, which lasted for approximately 43 minutes, left users frustrated and unable to access the AI-powered platform. Cause of the…
The Independent Communications Authority of South Africa (ICASA) has announced a consultation on a proposed new licensing framework for satellite services in the country. The move aims to establish a comprehensive regulatory and licensing framework for satellite services in South…
The recent outage of Guaranty Trust Bank’s (GTBank) website has sparked considerable concern among customers and industry observers. Initially speculated to be the result of a cybersecurity attack, the true cause appears to be far less alarming: a delay in…
Samsung Electronics has officially launched the highly anticipated Galaxy Fold 6 and Galaxy Flip 6 in Kenya, marking a significant milestone in the company’s commitment to innovation in the mobile technology sector. This announcement coincides with the opening of a…
The Amalgamated Union of App-based Transporters of Nigeria (AUATON) has expressed significant dissatisfaction regarding the recent rollout of the Presidential Compressed Natural Gas Initiative (PCNGI), particularly concerning the CNG conversion benefits. AUATON claims that the initiative has unfairly excluded its…
Quizac, a promising startup focused on enhancing learning experiences through interactive quizzes, has announced its closure. The decision comes just months after the Quizac team made headlines for turning down a $250,000 investment offer from a venture capital firm. This…
The West African Examinations Council (WAEC) has announced that candidates can now easily check their 2024 May/June results using their phones. This exciting development comes as a relief to many, as the traditional methods of visiting schools or waiting for…
In recent weeks, Kenyan drivers have found themselves embroiled in a heated dispute with ride-hailing apps over fare rates and working conditions. As these ride-hailing companies continue to expand their operations in Kenya, drivers are increasingly voicing their concerns regarding…
Dubai-based Rowad Capital Commercial (RCC) is poised to make a significant investment of $225 million in Uganda Telecommunications Corporation Limited (UTel), marking a pivotal moment for the Ugandan telecommunications sector. This investment will allow RCC to acquire a 60% stake…
