News

Chui Ventures has exceeded its initial $10 million fundraising goal, closing its first fund at an impressive $17.3 million. This Africa-focused seed-stage fund has raised well beyond what it originally aimed for, joining a small group of African venture firms…

Alphabet, the parent company of Google, is on the verge of joining an exclusive club as it approaches a $4 trillion valuation. On Monday, the company’s shares climbed over 5% to hit a record high of $315.90, pushing its market…

The Central Bank of Nigeria (CBN) has decided to keep the interest rate, or the monetary policy rate (MPR), steady at 27%. This move is part of the bank’s plan to help the economy recover, control inflation, and keep the…

The U.S. Department of State is stepping in with a $150 million boost to help Zipline grow its drone medical delivery network across Africa. This support is focused on expanding Zipline’s autonomous drone system, and the funding is designed to…

Tesla is about to make a big move by launching its first African operation in Morocco. This is a huge step for the electric car company and could shake up the entire automotive scene on the continent. To get started,…

Paystack has announced that it has dismissed co-founder Ezra Olubi because of serious concerns about the company’s reputation. The fintech firm explained that some tweets Olubi posted about ten years ago recently came back into the spotlight and caused significant…

Bolt Kenya has recently explained why there’s a 50% fare increase, saying it’s all about finding a fair balance between what drivers earn and what riders can afford to pay. Following the government’s call for a fare hike, Bolt is…

Malaysia is gearing up to ban social media use for users under 16 starting next year. The government wants to stop anyone under 16 from creating accounts on platforms like Facebook, Instagram, and X. Fahmi Fadzil, the Communications Minister, shared…

Seedstars and SANAD partners to empower women entrepreneurs in Africa and the Middle East. They have teamed up with a clear mission: to give women-led startups the boost they need to thrive in some of the world’s toughest markets. Seedstars,…