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The tech industry is grappling with unprecedented layoffs, with over 211,000 tech companies employees losing their jobs globally since the beginning of 2024. This trend continues a troubling pattern that began in early 2023, driven by economic challenges, high interest…
Xero, the renowned accounting software giant, has announced its intention to acquire the South African analytics platform Syft for $70 million. This acquisition, which is expected to close between October and December 2024, is contingent upon regulatory approval and marks…
PalmPay has officially launched its *862# USSD code payment service, expanding its financial offerings beyond its popular app. This initiative aims to provide Nigerians with a reliable means of managing their finances without the need for internet connectivity. The announcement…
South Africa’s Home Affairs Minister Leon Schreiber has unveiled an ambitious plan to digitise the department, aiming to eliminate the long queues that have long plagued South Africans seeking essential services. This digital transformation is set to overhaul the current…
M-KOPA Holding, a prominent asset financing startup, is set to pay taxes in Kenya following a recent ruling by the Tax Tribunal. The tribunal dismissed the company’s appeal against a $6.8 million tax demand covering the years 2017 to 2019. …
President Paul Kagame of Rwanda has appointed Joseph Nsengimana as the new Minister of Education, replacing Gaspard Twagirayezu, who has been reassigned to lead the Rwanda Space Agency. Joseph Nsengimana, a prominent figure in the education technology sector, previously served…
The family of Tigran Gambaryan, a Binance executive, has expressed deep concern as today marks 200 days since his detention by Nigerian authorities. Gambaryan, who serves as the head of financial crimes compliance at Binance, has been held since February…
Flutterwave, Africa’s leading payment technology company, has officially launched its flagship remittance product, Send App by Flutterwave, in Malawi. This new service aims to facilitate faster, easier, and more affordable cross-border money transfers, significantly enhancing the financial landscape for both…
The National Information Technology Development Agency (NITDA) has officially launched the NITDA 2024 Digital Nigeria Innovation Challenge, a competition designed to empower young innovators in tackling critical infrastructure challenges across Nigeria. This initiative, facilitated through NITDA’s Office for Nigerian Digital…
Guaranty Trust Bank (GTBank), a leading financial institution in Nigeria and a subsidiary of Guaranty Trust Holding Company (GTCO), is finalizing its transition to Finacle, a core banking platform developed by Infosys. This move marks a significant shift in the…
