News

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…

Naspers Tencent Profit Boost: Naspers proudly announced its profit figure nearly doubled, while its ecommerce business swung to profit six months ahead of target. The earnings were accelerated by enhanced performance of its e-commerce businesses and contribution from China’s Tencent. …

Mr D Food Profitability Milestone: It is an exciting time for Mr D Food! The fast-food delivery company became profitable for the first time in its history in the 2024 financial year. Mr D is part of the Takealot Group.…

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. …

Huawei Sanctions Resilience: Huawei is back! Huawei Technologies has made breakthroughs in fields from operating systems to artificial intelligence. The company highlighted it has taken the company 10 years to do what the US and Europe took 30 years to…

Luno crypto traders Sars disclosures: The South African Revenue Service (SARS) is conducting a tax risk assessment exercise of South African residents engaged in crypto assets. However, Luno, a cryptocurrency exchange platform, has informed crypto-asset traders not to be fearful…

.za internet domains price hike: The South African Domain Name Authority (Zadna) has announced that fees for registration and renewal of domain names will increase by 5.23 percent from 1 October 2024. This means domain name owners will need to…

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…