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Fitch Ratings Predicts Naira Could Reach 1450 Against Dollar by December
Fitch Ratings, an international credit rating agency, has predicted that the Nigerian currency will end the year at 1,450 to the American dollar. Director of Fitch Ratings’ Middle East and Africa sovereigns, Gaimin Nonyane, announced this on Tuesday at a…
Glovo Teams Up with Siltech to Offer Electric Vehicle Delivery in Lagos
Business partnerships are the crux of any business and Glovo Nigeria has keyed into it. The food delivery startup, Glovo, has collaborated with electric vehicle (EV) manufacturer, Siltech, to optimize its delivery system in selected areas of Lagos, Nigeria. Glovo…
Binance Founder Begins 4-Month Prison Term in US
In a surprising turn of events, Changpeng Zhao, founder and former CEO of Binance, the world’s largest cryptocurrency exchange, has reported to a federal prison in the United States to begin a four-month sentence. This news has sent shockwaves through…
Ibrahim Ibitade Shares Story of Founding Leatherback and Ambitious Goals for 2024
Conducting international transactions has been a challenge in the African region. However, with innovation after innovation, the challenge facing cross-border transactions is dwindling with time. Leatherback, with the help of its CEO, Ibrahim Ibitade, has taken significant steps to identify…
Huawei Releases New Pura 70 Series Phones in South Africa – Pricing and Features
The much anticipated launch of the Huawei Pura 70 series has lit up South Africa’s tech landscape. The Pura 70 series replaces Huawei’s long-standing P series, signaling a new era in the company’s smartphone development. The Pura 70 series, packed…
Zone Introduces Decentralized Payment Gateway to Combat Failures and Fraud
Zone, Africa’s fast-growing payment infrastructure company, has disclosed the takeoff of its POS Payment Gateway product. Zone, a decentralized network of Banks and Fintechs, is powered by blockchain. The platform is also focused on facilitating domestic and cross-border payments. Zone…
Google Stays Mute on New Umoja Cable System
Google has kept the technical specs of its recently announced Umoja cable system, which will be the first underwater cable to directly connect Africa and Australia, under wraps. While Google has acknowledged the project and its significance, it has withheld…
Canal+ and MultiChoice Consider Solutions to Ownership Regulations
Canal+ MultiChoice Ownership faces a stumbling block. France’s Group Canal+ and its acquisition target, JSE-listed MultiChoice Group, have implied ways to get around the regulations on foreign ownership of broadcasters in South Africa. However, they can only go ahead if…
The Power of Direct Card Routing: What Makes Payment Giants Successful
Direct Card Routing Payment Giants Success! Payment giants have consistently stood out as dominant forces in the evolving landscape of financial technology (fintech). Their success can be attributed to a multitude of factors, but one underlying principle that often goes…
Nigeria’s Healthtracka Chosen for Google for Startups Growth Academy: AI for Health Program
Nigeria’s Healthtracka, a leading healthtech company, has been selected for participation in Google for Startups Growth Academy: AI for Health programme. This is a testament to Healthtracka’s innovative work in leveraging artificial intelligence (AI) to address healthcare challenges in Nigeria…