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Kenya digital asset exchange platform interface.

Kenya Partner with Canadian Firms to Launch Blockchain-Powered Digital Asset Exchange

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What’s Happening? The Nairobi Securities Exchange (NSE) has partnered with Canadian based DeFi Technologies, SovFi, and Valour Inc. to establish the Kenya Digital Exchange (KDX), a regulated blockchain platform for tokenizing real-world assets like equities, debt, and commodities. This follows a MoU between Valour, the NSE, and SovFi to create and trade digital asset exchange-traded […]

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Instagram Challenges TikTok with New ‘Edits’ App for Video Creators

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What’s Happening? Instagram has rolled out a standalone video editing app called ‘Edits’, aimed at rivaling TikTok’s CapCut and strengthening its position in the creator economy. The new app allows users to organize projects, shoot and edit videos, and access performance insights, all in one place Instagram announced the launch of the Edits app on

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Workers’ Day Protest: Lagos Drivers to Suspend Uber, Bolt, inDrive Services on May 1

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App-based drivers under the Amalgamated Union of App-based Transporters of Nigeria (AUATON)Lagos Chapter have announced plans for a massive 24-hour service shutdown affecting major ride-hailing platforms on International Workers’ Day over alleged anti-labour practices by app-based companies including Uber, Bolt and inDrive. Whats Happening? As Reported by Technext, Steven Iwindoye, Public Relations Officer of AUATON’s

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CBEX crackdown: Promoting ponzi schemes could land influencers in jail -SEC warns

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The Securities Exchange Commission (SEC) has issued a stern warning to celebrities, influencers, and bloggers who promote unregistered investment schemes, stating they could face up to 10 years imprisonment under the newly enacted Investment and Securities Act (ISA) 2025. Crackdown Following CBEX Scandal This warning comes in the wake of the CBEX Ponzi scheme collapse

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Moniepoint Goes Global with MonieWorld

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New Remittance Platform for the African Diaspora Moniepoint Inc.,  Africa’s fastest-growing fintech startup, has officially unveiled MonieWorld, a digital platform designed to streamline remittances and financial services for the African diaspora in the UK. The launch, which was teased earlier, is powered by Moniepoint GB, the company’s UK-based subsidiary, and represents its first move beyond

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Perplexity to Start Testing Ads in AI-Powered Searches

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Perplexity Starts Testing Ads in AI-Powered Searches AI search engine Perplexity has started rolling out ads, a big step as it looks to boost its revenue model. Ads will appear as “sponsored follow-up questions,” and will be labeled and positioned next to search answers. For now, this experiment is only in the U.S., with partners

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Visa Invests in four Strategic African Fintech startups.

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Visa, the second-largest card payment processor in the world has made strategic investments in four African startups, These startups are part of Visa’s biannual Africa Fintech Accelerator program, which launched in June 2023. Standout Startups from Visa’s Accelerator Of the 23 startups in the program’s first cohort, four secured funding, This include: Ghana’s Oze (business

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Techstars Lagos shuts down its Accelerator just After Two Years

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ARM Labs Lagos Techstars, the accelerator program that launched in Nigeria two years ago, is closing its doors. The third cohort, which started in March 2024, won’t continue, and Techstars’ global Chief Brand and Communications Officer, Matthew Grossman, confirmed the closure via email. “Our partnership with ARM Labs has ended,” Grossman noted, adding that while

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