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Okra, one of Nigeria's most prominent fintech startups, has quietly shut down operations after six years of pioneering o...
03/07/2025

Okra, one of Nigeria's most prominent fintech startups, has quietly shut down operations after six years of pioneering open banking in Africa, marking the end of a company that once raised over $15 million from international investors. The shutdown was confirmed by co-founder and former CEO Fara Ashiru Jituboh, who left the company in May 2025 to join UK startup Kernel as Head of Engineering....

Okra, one of Nigeria’s most prominent fintech startups, has quietly shut down operations after six years of pioneering open banking in Africa, marking the end of a company that once raised ov…

MTN Nigeria has officially launched the first phase of its ambitious $235 million data centre project in Ikeja, marking ...
01/07/2025

MTN Nigeria has officially launched the first phase of its ambitious $235 million data centre project in Ikeja, marking a significant step toward reducing Nigeria's dependence on foreign cloud services. The newly unveiled Sifiso Dabengwa Data Centre, named after MTN Group's late former CEO, represents a $120 million investment in Phase 1 alone, featuring a 4.5MW capacity that makes it Nigeria's largest pre-fabricated modular data centre....

MTN Nigeria has officially launched the first phase of its ambitious $235 million data centre project in Ikeja, marking a significant step toward reducing Nigeria’s dependence on foreign clou…

Elon Musk's artificial intelligence startup xAI has secured $10 billion in new funding, marking a significant milestone ...
01/07/2025

Elon Musk's artificial intelligence startup xAI has secured $10 billion in new funding, marking a significant milestone in the intensifying competition among AI companies. The funding package includes $5 billion in debt financing through secured notes and term loans, alongside a separate $5 billion strategic equity investment, according to Morgan Stanley, which arranged the deal. The proceeds will fuel xAI's ambitious expansion plans, including the development of one of the world's largest data centers and enhancements to its flagship Grok AI chatbot....

Elon Musk’s artificial intelligence startup xAI has secured $10 billion in new funding, marking a significant milestone in the intensifying competition among AI companies. The funding package…

Tired of seeing "payment declined" when trying to pay for iCloud storage or Apple Music? You're not alone. Many Nigerian...
19/06/2025

Tired of seeing "payment declined" when trying to pay for iCloud storage or Apple Music? You're not alone. Many Nigerians struggle with Apple payments because most local cards don't work with international services that bill in US dollars. Why Your Card Keeps Getting Rejected Apple charges in USD, which creates problems for Nigerian users. Your Naira card fails due to foreign exchange restrictions or gets rejected for not being USD-issued....

Tired of seeing “payment declined” when trying to pay for iCloud storage or Apple Music? You’re not alone. Many Nigerians struggle with Apple payments because most local cards don…

Facebook is eliminating the distinction between regular videos and reels, announcing that all video content will be shar...
18/06/2025

Facebook is eliminating the distinction between regular videos and reels, announcing that all video content will be shared as reels regardless of length or format in the coming months. The social media giant revealed on Tuesday that users will no longer need to choose between uploading a video post or a reel, streamlining what Meta calls a previously confusing process. The company is also renaming the "Video" tab to "Reels" to reflect this change....

Facebook is eliminating the distinction between regular videos and reels, announcing that all video content will be shared as reels regardless of length or format in the coming months. The social m…

South Africa has announced a proposed policy change that could finally allow Elon Musk's Starlink satellite internet ser...
26/05/2025

South Africa has announced a proposed policy change that could finally allow Elon Musk's Starlink satellite internet service to operate in the country without meeting strict Black Economic Empowerment (BEE) ownership requirements. Communications Minister Solly Malatsi published the "proposed policy direction" on Friday, introducing "equity equivalent investment programmes" as an alternative to the current law requiring foreign telecom companies to have 30% ownership by historically disadvantaged South Africans....

South Africa has announced a proposed policy change that could finally allow Elon Musk’s Starlink satellite internet service to operate in the country without meeting strict Black Economic Em…

Nigeria's telecommunications regulator has introduced new rules requiring mobile network operators including MTN, Glo, A...
26/05/2025

Nigeria's telecommunications regulator has introduced new rules requiring mobile network operators including MTN, Glo, Airtel, and 9mobile to publicly inform customers about major service outages and provide compensation when disruptions exceed 24 hours. The Nigerian Communications Commission (NCC) announced the directive on Sunday, mandating operators to use media channels to notify consumers about network problems, their causes, affected areas, and expected restoration times....

Nigeria’s telecommunications regulator has introduced new rules requiring mobile network operators including MTN, Glo, Airtel, and 9mobile to publicly inform customers about major service out…

Cairo-based Sylndr has secured $15.7 million in fresh funding to transform Egypt's fragmented used car industry into a s...
20/05/2025

Cairo-based Sylndr has secured $15.7 million in fresh funding to transform Egypt's fragmented used car industry into a streamlined digital marketplace. The round was led by Development Partners International's Nclude Fund, with participation from several regional investors. Founded in 2021, Sylndr initially focused on buying, refurbishing, and reselling used cars with warranties. The company has since evolved into a comprehensive mobility platform addressing the full vehicle ownership lifecycle....

Cairo-based Sylndr has secured $15.7 million in fresh funding to transform Egypt’s fragmented used car industry into a streamlined digital marketplace. The round was led by Development Partne…

Google is introducing a suite of new security features for Android devices to protect users from increasingly sophistica...
20/05/2025

Google is introducing a suite of new security features for Android devices to protect users from increasingly sophisticated digital scams. The most significant update targets phone scams with "in-call protections" that automatically block potentially harmful actions when speaking with unknown callers. On Android 16 devices, the system will prevent users from sideloading unverified apps or granting accessibility permissions during calls – common tactics scammers use to gain control of devices....

Google is introducing a suite of new security features for Android devices to protect users from increasingly sophisticated digital scams. The most significant update targets phone scams with & #822…

Strategy, formerly known as MicroStrategy, has added 7,390 Bitcoin to its already massive cryptocurrency holdings in a t...
20/05/2025

Strategy, formerly known as MicroStrategy, has added 7,390 Bitcoin to its already massive cryptocurrency holdings in a transaction worth approximately $765 million. The purchase, made at an average price of $103,498 per Bitcoin between May 12 and May 18, further cements the company's position as the largest corporate Bitcoin holder. This latest acquisition brings Strategy's total Bitcoin holdings to 576,230 BTC, valued at around $59 billion at current market prices of approximately $103,000 per coin....

Strategy, formerly known as MicroStrategy, has added 7,390 Bitcoin to its already massive cryptocurrency holdings in a transaction worth approximately $765 million. The purchase, made at an average…

Egyptian investment platform, Thndr, has raised $15.7m in a funding round led by Prosus Ventures, with participation fro...
20/05/2025

Egyptian investment platform, Thndr, has raised $15.7m in a funding round led by Prosus Ventures, with participation from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris. This latest investment brings the company's total funding to $37.76 million since its founding in 2020. The Cairo-based fintech plans to use the fresh capital to accelerate its expansion into the UAE and Saudi Arabia while launching new products for both beginner and experienced investors....

Egyptian investment platform, Thndr, has raised $15.7m in a funding round led by Prosus Ventures, with participation from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiri…

MaxAB-Wasoko, Africa's leading B2B e-commerce platform, has acquired Fatura, an Egypt-based digital marketplace, from EF...
20/05/2025

MaxAB-Wasoko, Africa's leading B2B e-commerce platform, has acquired Fatura, an Egypt-based digital marketplace, from EFG Finance. This marks MaxAB-Wasoko's first strategic move since the merger of Egypt's MaxAB and Kenya's Wasoko in August 2024. The acquisition strengthens MaxAB-Wasoko's presence in Egypt by integrating Fatura's network of over 626 wholesalers across 16 Egyptian cities, including five new markets previously untapped by the company....

MaxAB-Wasoko, Africa’s leading B2B e-commerce platform, has acquired Fatura, an Egypt-based digital marketplace, from EFG Finance. This marks MaxAB-Wasoko’s first strategic move since t…

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