News

A United States lawmaker, Representative French Hill has indicated that the longtime detention of Binance Executive Tigran Gambaryan in Nigeria could negatively impact the bilateral relations between the two countries.  French Hill Demands For Tigran Gambaryan Release In a video…

UmrahCash, a fintech startup based in Saudi Arabia, has secured a $500,000 investment from the Venture Fund Adaverse. The funding aims to enhance the startup’s system of operation.  This also includes supporting the company’s efforts to simplify the financial experience…

In order to enhance online safety, Meta has announced the launch of Instagram’s teen accounts, specifically designed for teenagers.  These new Instagram accounts for teenagers will come equipped with robust safeguards to limit contact, filter content, and provide tailored features…

TymeBank, a prominent digital bank in South Africa, has successfully secured an investment of R169 million (approximately $9.5 million) from African Rainbow Capital (ARC).  This funding comes at a time when the bank has surpassed 9.5 million customers, marking a…

The Adani Group, a prominent Indian conglomerate, has recently made headlines with its proposal to redevelop the Jomo Kenyatta International Airport (JKIA) in Kenya.  The $1.85 billion project has sparked significant debate and controversy, particularly following a court ruling that…

As Kopo Kopo prepares for a potential acquisition by Nigeria’s Moniepoint, it has announced key appointments to its executive leadership team.  The fintech, founded in Kenya, is gearing up for its next phase of growth under the guidance of its…

The tech industry is grappling with unprecedented layoffs, with over 211,000 tech companies employees losing their jobs globally since the beginning of 2024.  This trend continues a troubling pattern that began in early 2023, driven by economic challenges, high interest…

Xero, the renowned accounting software giant, has announced its intention to acquire the South African analytics platform Syft for $70 million.  This acquisition, which is expected to close between October and December 2024, is contingent upon regulatory approval and marks…

Lagos State Government has announced that the electronic call-up (e-call-up) system will take effect on the Lekki-Epe corridor from September 23, 2024.  This development is to avert severe congestion by articulated trucks and improve the efficiency of logistics operations within…

Uber and Bolt drivers in KwaZulu-Natal have embarked on a protest and have vowed to continue until their grievances are met. In preparation for the shutdown, drivers have parked in various areas around the province. KwaZulu-Natal Uber and Bolt Drivers…