News

Klasha, a global innovator in cross-border payments, has unveiled its new multi-currency accounts designed to ease international transactions for African and global merchants.  Also, the multi-currency accounts are designed to simplify cross-border payments for African and global merchants. Klasha is…

Safaricom has announced its mobile money service, M-PESA, has been re-certified by the GSM Association (GSMA). This is a recognition that underscores the company’s commitment to providing secure, transparent, and reliable financial services.  Safaricom M-Pesa Re-Certified The GSMA Mobile Money…

Apple has found itself entangled in a contentious dispute with Chinese tech giants, particularly Tencent, the parent company of WeChat.  The ongoing conflict centers around Apple’s recent demands that threaten to disrupt its relationship with one of the largest markets…

Fez Delivery, a global leader in last-mile delivery solutions, has announced its official sponsorship of the Naija Brand Chick (NBC) African Fair London 2024.  As the exclusive delivery partner for this prestigious event, Fez Delivery will provide seamless logistics support…

Jumia Technologies AG has successfully raised $99.6 million through the sale of 20 million ordinary shares.  This secondary transaction, which was announced just ten days prior, has garnered attention as Jumia continues to navigate the competitive e-commerce market.  The average…

The popular artificial intelligence chatbot ChatGPT, developed by OpenAI, experienced a global service disruption on Saturday, August 17, 2024.  The outage, which lasted for approximately 43 minutes, left users frustrated and unable to access the AI-powered platform. Cause of the…

BasiGo, a leading electric bus manufacturer, has secured a $10 million loan from the United States International Development Finance Corporation (DFC).  This funding is intended to significantly increase BasiGo’s fleet of electric buses and accelerate the country’s transition away from…

A federal High Court in Abuja refuted the Inspector General of Police’s  (IGP) action of ordering 12 banks and financial institutions to reverse billions of naira withdrawn from Flutterwave account. This huge sum of money was allegedly withdrawn at Wema…

The Independent Communications Authority of South Africa (ICASA) has announced a consultation on a proposed new licensing framework for satellite services in the country.  The move aims to establish a comprehensive regulatory and licensing framework for satellite services in South…

The recent outage of Guaranty Trust Bank’s (GTBank) website has sparked considerable concern among customers and industry observers.  Initially speculated to be the result of a cybersecurity attack, the true cause appears to be far less alarming: a delay in…