Ethiopia’s most significant financial institution, the Commercial Bank of Ethiopia (CBE), is in the middle of a major crisis after a “systems glitch,” which caused an approximately $40 million loss. The whole thing, which unfolded over the weekend, has completely…
In a landmark decision with significant implications for the cryptocurrency industry in Nigeria, a Federal High Court in Abuja has ordered Binance Holdings Limited to provide comprehensive information on all its Nigerian users to the Economic and Financial Crimes Commission…
Truecaller, the widely popular caller ID and spam call blocking application, has announced a significant upgrade to its spam filtering technology. This update, dubbed “Max,” leverages artificial intelligence (AI) to offer Android premium subscribers an unprecedented level of protection against…
Wasoko, a prominent eCommerce startup company in Kenya, has recently undergone radical regional downsizing in a well-calculated move to put the profitability of the business at the forefront. The company made public its decision to close its Zanzibar office and…
Zone, a Nigerian fintech company with an innovative blockchain platform as its core, has made a big step forward by getting $8.5 million in its first funding round as a separate entity. This seed funding round that greatly exceeded expectations…
OpenAI, the globally known AI research lab, has paved the way for a revolution in video production with the launch of Sora, a text-to-video generator that will be available to the public soon. This marks a great leap in AI…
Since Thursday, March 14th, 2024, many parts of the West African countries have faced major internet disruptions because the undersea cables have been badly damaged. These cables are crucial for internet connections in the area, and their damage has caused…
In a strategic step to improve its management and enhance collaboration within the industry, Flutterwave, the top payments technology company in Africa, has named Dipo Fatokun, a former CBN Director, as its new Board Chairman. Fatokun’s appointment shows Flutterwave’s strong…
TikTok, the well-known short video platform owned by a Chinese company called ByteDance, is encountering a major problem in the US market. The US House of Representatives passed a bill on Wednesday, March 13th, 2024, with support from both parties…
The UK government is working to reduce the digital gap in Nigeria. The DigiGirls programme, run by the CyberSafe Foundation, has helped more than 65,000 women and girls in Nigeria learn important digital skills. This program empowers them and encourages…
