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Meta plans to deepen its AI expansion with investment in Scale AI, making headlines with a massive $14.3 billion deal that is set to shake up the artificial intelligence world. The parent company of Facebook, Instagram, and WhatsApp is buying…
Moove, a Nigerian-born mobility startup, is making headlines as it plans to raise $300 million at a $1 billion valuation, aiming to achieve unicorn status. This means Moove could soon join the exclusive group of African tech companies valued at…
South Africa’s Zero Carbon Charge has successfully raised $5.6 million in funding from the Development Bank of Southern Africa (DBSA), marking a significant step forward in the country’s electric vehicle (EV) infrastructure development. This funding, equivalent to ZAR100 million, will…
DHL Group, the global logistics giant, has announced a major plan to invest $575 million across Africa and the Middle East over the next five years. This huge investment aims to boost healthcare and logistics services in these fast-growing regions,…
Pesapal, a leading payments and financial services provider, has partnered with RACK to help small businesses across East Africa move from outdated paper-based systems to a modern digital platform. This new partnership aims to make it easier for small and…
MTN Uganda is taking a major step to separate its fintech business from its main telecom operations, but this move is still waiting for regulatory and shareholder approval. The plan is part of a larger strategy by MTN Group, which…
The Federal Government (FG) of Nigeria has announced a bold plan to empower 100,000 youths annually in forex trading. This initiative aims to tackle the persistent problem of youth unemployment and promote financial inclusion across the country. The government recently…
Nigeria partners with Meta to launch a new AI accelerator program aimed at supporting startups that develop artificial intelligence solutions tailored to the country’s unique needs. This Meta AI accelerator, called the Nigeria AI Accelerator Programme, is a major step…
Elon Musk, the CEO of Tesla and SpaceX, has issued a public apology to President Donald Trump, which has helped Tesla shares recover after a recent sharp drop. Musk posted on his social media platform X, saying, “I regret some…
Jesam Michael, the CEO of Afriq Arbitrage System (AAS), has been remanded in custody by the Federal High Court in Abuja over serious fraud allegations involving $854,416.36 and N590 million. The Economic and Financial Crimes Commission (EFCC) charged Michael and…
