News

Meta has removed 63,000 Instagram accounts in Nigeria linked to sextortion scams.  These accounts were mostly from a group called “Yahoo Boys” who were targeting adult men in the US. They would pose as young women online, create fake profiles…

Convergence Acquisition of Datacentrix: Convergence Partners, a technology-focused private equity investment management company, has acquired 100% system integration service company, Datacentrix.  South African regulators, the Competition Commission and the Independent Communications Authority of South Africa (ICASA), unconditionally approved the transaction.…

Afreximbank Approves $200 Million: African Export-Import Bank (Afreximbank) has approved a US$200 million Corporate Finance Facility in favour of BUA Industries Limited (BIL) to support its expansion plans. The bank disclosed this in a statement, noting that the first tranche…

KEDCO To Build Safe Grid: Kano Electricity Distribution Company (KEDCO) has put in place a novel partnership for an initial investment of $100 million to develop a 100MW “Safe Grid” for Kano, Katsina, and Jigawa States, to provide 24-hour power…

MultiChoice, a top African entertainment company with ties to Canal+, has shared the news that its chairman, Imtiaz Patel, will be stepping down after more than ten years of successful leadership. Patel, who has led the company since 2010, will…

Lotus Bank Achieves CBN’s Requirements: Lotus Bank Limited, a Nigerian non-interest bank, has said that it has met the Central Bank of Nigeria’s minimum capital requirement even before the apex bank raised the new threshold. Lotus Bank Achieves CBN’s Requirements …

MultiChoice Nigeria Loses Subscribers: Multichoice Group, an African pay-TV operator, says its Nigerian subsidiary lost 243,000 subscribers across its DStv and GOtv services between April and September 2024. This decline was disclosed in the company’s Interim Financial Results, released on…

The prospect of Starlink, SpaceX’s satellite internet constellation, coming to Botswana is back but with a twist.  Up until now, SpaceX had applied to operate in the country, although the application was rejected. Government and Starlink in Dialogue According to…

Finally! Gujarat Secondary and Higher Secondary Education Board is declaring the 10th SSC GSEB result 2025 in a few days. The SSC exam was conducted in the month of March, from March 11 to March 22. This is an exciting…