Investment experts emphasize that tech is key for Gen Z wealth transfer.  This was a central theme at the recent Cordros Summit held in Lagos, where financial leaders gathered to discuss innovative strategies for effectively transferring wealth to the upcoming…

Kenya banks’ assets fell by 2.7% to $58.2 billion in Q1 2024, reflecting a significant contraction in the sector.  According to the Central Bank of Kenya (CBK), this decline is primarily attributed to an 18.5% drop in foreign currency loans,…

TikTok has officially launched its inaugural Visionary Voices List for Africa, celebrating 15 remarkable individuals who are making significant strides in innovation and cultural representation across the continent.  As TikTok honours African content creators, it aims to empower and elevate…

Nvidia Faces US Antitrust Probe: The US Department of Justice (DOJ) has launched an investigation into Nvidia after complaints from rivals.  The company’s competitors claimed that it may have abused its market dominance in selling chips that power artificial intelligence.…

At least 17 people are feared dead across Nigeria as protests against economic hardship escalated, leading to significant business losses.  The #EndBadGovernance protests broke out on August 1 in different cities, including Abuja, Kano, and Borno as security forces clashed…

Cape Town Data Centre Expansion: Pan-African data center provider Africa Data Centres (ADC) has commenced the expansion of its CPT1 facility in Cape Town, South Africa. Before the expansion, the facility offered 5.5MW of IT capacity across 2,700 sqm (29,000…

Uber’s Global Electric Car Expansion: Uber Technologies, Inc. and BYD Co. Ltd. have entered a partnership to bring 100,000 new electric vehicles (EVs) onto Uber’s platform globally, except in Africa.  This multi-year collaboration initially targets Europe and Latin America, with…

Nigeria’s Path to $1 Trillion Economy: The federal government’s plan to achieve a $1 trillion economy in shaping the global financial landscape has caused Afrinvest to urge the FG to grow beyond the banking sector.  This was stated by the…

Discovery Vitality Chooses Checkers: After a decade of flourishing partnership, Discovery Vitality has ended health benefits partnership with retailer Pick n Pay and has shifted to Checkers Sixty60. The partnership will kick off on September 1, 2024. Note that, Discovery…

MTN’s New Challenges in Nigeria: Nigeria’s major network, MTN, experienced an extreme slowdown on Thursday. Surprisingly, this coincided with the commencement of nationwide protests against bad governance.  Recall that Silicon Africa reported how Nigerians stormed MTN offices across the nation…