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Kenya Moves to Regulate the Crypto Market
Kenya is leading the way in technological innovation in Africa and is now taking steps to regulate the growing crypto market. This proactive move is aimed at creating a safe and transparent space for businesses and individuals entering the world…
Goodwell Investments Partners with Alitheia Capital to Invest EUR 150 million in OmniRetail to Support Informal Retailers in Africa
Goodwell Investments, a Dutch impact investing firm, has recently declared its investment in OmniRetail, a Nigerian B2B e-commerce initiative. The investment with the B2B initiative was done via its uMunthu II fund, effectively kickstarting OmniRetail’s Series A fundraising round. Goodwell…
TLcom Capital Raises $154 Million for Seed and Series A Startups in Africa
TLcom Africa, an African-focused Venture Capital, has raised $154 million to support and invest in African Startups. The company recently concluded its fundraising for its second fund, Tide Africa Fund II. The fundraising event positioned TLcom as Africa’s largest investor…
Connected Africa Summit 2024 Kicks Off Today in Nairobi
The long-awaited Connected Africa Summit 2024 kicked off today in Nairobi, Kenya, uniting a diverse group of stakeholders committed to shaping the digital future of the continent. This prestigious event, centered around the theme “Shaping the Future of a Connected…
Nigeria Launches First Multilingual LLM
Nigeria has made significant progress in the field of Artificial Intelligence (AI) by introducing its first multilingual Large Language Model (LLM). The announcement was made on April 19th by Communications Minister Dr. Bosun Tijani, signaling a crucial milestone in Nigeria’s…
First Bank Appoints Olusegun Alebiosu as Acting CEO after Adeduntan’s Sudden Exit
First Bank of Nigeria, a major financial institution in the country, has named Olusegun Alebiosu as its Acting Chief Executive Officer (CEO) following the departure of the previous CEO, Adeduntan. Alebiosu, who has been with the bank for more than…
WhatsApp Introduces Chat Filters to Keep Chats Organized
WhatsApp has introduced a new feature that organizes chats, which makes it more convenient to use. Over the past few weeks, the company has tested a couple of features, including AI Integration and status update notification. WhatsApp New Unique Feature…
Telegram Nears One Billion Users, Founder Advocates for Neutrality
Telegram, the secure messaging app known for its emphasis on privacy and security, is quickly approaching a major milestone: one billion active users. This rapid growth marks a significant shift in the messaging landscape, as Telegram emerges as a strong…
The Meta AI Feature for WhatsApp Users Allows you to Create Images on WhatsApp
Meta AI, the parent company of Facebook and Instagram, has introduced a new AI feature on WhatsApp, one of its subsidiaries. The features allow users to generate images and videos within their chats. Meta AI Still in Testing State When…
Kenya Mandates TikTok to Publish Compliance Reports Quarterly to Regulate the Platform
Kenya has taken steps to regulate the Chinese platform, TikTok, instead of banning it. The Kenyan government has now demanded quarterly compliance reports from TikTok detailing the content removed and the reasons behind it. The action aims to address concerns…