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South African technology investment giant Naspers has reported strong revenue growth for the year ending March 2024, with an 8% increase in consolidated revenue driven by the robust performance of its e-commerce businesses, Classifieds and Food Delivery. The company’s core…
In a strategic move to realign its focus, Flutterwave, a leading payments technology company in Africa, has announced the layoff of 24 employees, representing approximately 3% of its workforce. The decision, according to the company, is driven by data and…
Boosting the Egyptian pharmaceutical sector, Egyptian startup i’SUPPLY, a leading innovator in the pharmaceutical supply chain, has secured $2.5 million in pre-Series A funding. The funding round was led by a prominent regional venture capital firm, with participation from other…
Massive data breach in Nigeria! In a disturbing turn of events, a massive data breach has exposed the personal information of millions of Nigerians. This sensitive data is now being sold on a website called AnyVerify.com.ng, putting millions at risk…
In order to significantly bolster its data center capacity and cater to the ever-growing demand for cloud computing services within South Africa, Africa Data Centres (ADC), a subsidiary of Cassava Technologies, has successfully secured a substantial R2 billion capital raise. …
The Federal High Court in Abuja has dismissed a fundamental rights enforcement suit filed by Nadeem Anjarwalla, an executive of Binance Holdings Ltd, against the National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC). The court dismissed…
In a move that will likely send shockwaves through Nigeria’s fintech industry, Carbon, a leading digital lender, has announced the discontinuation of its debit card services. The Carbon debit card shutdown, effective immediately, marks a significant shift in strategy for…
The Zimbabwean government has announced the much-anticipated launch of the Lake Kariba Floating Solar Project, a groundbreaking initiative that aims to significantly bolster the country’s power generation capacity. This project marks a crucial step towards Zimbabwe’s energy independence and its…
Google supports SA news media: South Africa’s news media industry has been facing a number of challenges in recent years, including declining advertising revenue and the rise of fake news. In an effort to address these challenges, the Competition Commission…
In a significant boost for digital inclusion across Kenya, Airtel Kenya has announced the expansion of its 5G coverage throughout the country. This expansion aims to bridge the digital divide and provide Kenyans with improved access to high-speed internet connectivity.…
