MTN Group, the South African-owned multinational corporation and mobile telecom provider, has reported its first loss since 2016, largely due to the sharp devaluation of the Nigerian naira. The company announced a loss of R7.39 billion ($414.7 million) for the…
Waza, a Y Combinator-backed B2B payment and liquidity provider, has secured a significant cash boost of $8 million through a combination of $3 million in seed equity and $5 million in debt funding. This funding is poised to facilitate the…
Android phones are about to get the new theft detection lock that can keep personal information safe. Recall in May of this year, Google teased a new Theft Detection Lock tool for Android phones. Android New Theft Detection Lock Finally…
Airtel Kenya has implemented restrictions on its My Airtel App, preventing access for those who have Developer Options enabled on their devices. This decision has raised eyebrows among users who rely on the app for various services, including mobile money…
Nigeria’s Federal Inland Revenue Service (FIRS) is set to introduce new tax laws in September. These laws come on the heels of the implementation of a 7.5% value-added tax (VAT) on all cryptocurrency transactions, which began in June. As the…
The Efficiency for Access Research and Development Fund has announced a $1.7 million funding initiative aimed at supporting innovators who are developing clean energy technologies for the agricultural sector. This funding, backed by IKEA and other partners, is set to…
Women have always had an inner passion for detecting their partners’ hidden information. It is no surprise they are using AI-powered technology to enhance this quality. Women are now using ChatGPT to determine if the men they’re talking to on…
Starlink in Nigeria: Starlink, popular Elon Musk’s internet company, is setting up ground stations across Nigeria. This is a strategic move aimed at enhancing its connectivity in the country. Starlink in Nigeria The Internet satellite company is setting up ground…
The Nigerian Electricity Regulatory Commission in a show of electricity development has granted permits to MTN, Golden Penny Power Limited, Havenhill Synergy, and others for mini-grid electricity generation. The commission issued nine new off-grid generation licences in the first quarter…
Advent International, one of the world’s largest and most experienced private equity investors, will acquire a majority stake in South African Syspro, one of the longest-standing privately-owned vendors of ERP software in the world. SYSPRO Partnership With Advent International To…
