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Jumia, the leading e-commerce platform in Africa, has seen its market cap surpass the coveted $1 billion mark in a surge fueled by renewed investor confidence. This significant milestone comes after a period of mixed fortunes for the company, which…
Ever tried to pay for a subscription or book a plane ticket and gotten a frustrating decline notice? Maybe you’ve dealt with hefty conversion fees when shopping online from another country. These are all too common problems for people who…
OKX, a leading cryptocurrency exchange, has announced that it will be discontinuing its services in Nigeria after recent changes in local laws and regulations. The decision comes as a result of an ongoing assessment of the exchange’s operations in the…
Kenya’s mobile landscape is undergoing a significant transformation with the rapid deployment of 5G technology. Safaricom, the country’s leading telecommunications operator, is spearheading this growth, surpassing its competitor Airtel Kenya in the number of active 5G sites nationwide. According to…
Members of the United States Congress have submitted a resolution calling on the Nigerian government to immediately release Tigran Gambaryan, a Binance executive who has been detained since February 2024. The resolution urges the U.S. government to formally declare Gambaryan…
Zambia’s telecom sector is facing a critical challenge: prolonged power outages that are crippling its ability to deliver quality services. The Zambia telecom power challenges have become a major concern for the Global System for Mobile Communications Association of Zambia…
European venture capital firm Breega is making a major play for the African startup scene with the launch of its first Africa-dedicated fund, the Breega $75 million fund. This ambitious initiative aims to position Breega as a leading early-stage investor…
Ethiopian state-owned telecom company Ethio Telecom announced strong financial results for the 2023/24 fiscal year, with a 22% in revenue growth and a 21% rise in net profit. The company’s revenue reached 93.7 billion birr ($1.63 billion), up from 77…
Samsung has introduced the Galaxy Z Fold6 and Z Flip6 AI phones, the latest additions to its foldable smartphone series. The new devices were unveiled at the Galaxy Unpacked event in Paris, where Samsung showcased its commitment to innovation and…
The newly appointed Minister of Public Works and Infrastructure, Dean Macpherson, has disclosed that the department has been the victim of a staggering R300 million cyber-related theft over the past 10 years. The latest incident occurred in May 2024, when…
