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The European Union (EU) has taken a significant step towards the creation of a level playing field in digital sphere by initiating investigations against three tech giants: Apple, Google’s parent company Alphabet, and Meta (formerly Facebook). The investigations are based…
The Africa Fintech Summit (AFTS), a pacesetting body in the African financial technology space, that encourages innovation and collaboration, has published a landmark report with the title “Nigeria Fintech Marketing Outlook 2024”. This study of its kind throws more light…
In a move set to redefine the financial landscape of East Africa, Nigeria’s premier financial institution, Access Bank Plc, has just concluded an agreement to buy Kenya’s National Bank from KCB Group Plc. This momentous acquisition marks the ongoing expansion…
Ride-hailing giant Bolt is changing the course of business in Kenya with the €20,000 Accelerator Program, which is the first of its kind and meant to empower their drivers and families. This initiative takes a big step towards not only…
Ethiopia’s most significant financial institution, the Commercial Bank of Ethiopia (CBE), is in the middle of a major crisis after a “systems glitch,” which caused an approximately $40 million loss. The whole thing, which unfolded over the weekend, has completely…
In a landmark decision with significant implications for the cryptocurrency industry in Nigeria, a Federal High Court in Abuja has ordered Binance Holdings Limited to provide comprehensive information on all its Nigerian users to the Economic and Financial Crimes Commission…
Truecaller, the widely popular caller ID and spam call blocking application, has announced a significant upgrade to its spam filtering technology. This update, dubbed “Max,” leverages artificial intelligence (AI) to offer Android premium subscribers an unprecedented level of protection against…
Wasoko, a prominent eCommerce startup company in Kenya, has recently undergone radical regional downsizing in a well-calculated move to put the profitability of the business at the forefront. The company made public its decision to close its Zanzibar office and…
Zone, a Nigerian fintech company with an innovative blockchain platform as its core, has made a big step forward by getting $8.5 million in its first funding round as a separate entity. This seed funding round that greatly exceeded expectations…
OpenAI, the globally known AI research lab, has paved the way for a revolution in video production with the launch of Sora, a text-to-video generator that will be available to the public soon. This marks a great leap in AI…
