News

Your blog category

Moniepoint Hits Unicorn Status with $110 Million Series C Round

Leave a Comment / News /

What’s the Buzz?Nigerian fintech Moniepoint just raised $110 million in a Series C funding round led by Development Partners International (DPI). New players like Google’s Africa Investment Fund and Verod Capital joined the mix, along with existing investor Lightrock. This fresh capital is set to nearly triple Moniepoint’s valuation, hitting the coveted $1 billion mark […]

Moniepoint Hits Unicorn Status with $110 Million Series C Round Read More »

Google to Invests $5.8 Million to Boost AI Skills Across Sub-Saharan Africa

Leave a Comment / News /

Google just announced a $5.8 million investment to bring more AI skills to Sub-Saharan Africa. This funding is set to help people and organizations across the continent learn how to use AI for real-world impact, focusing on areas like economic growth and social issues. From industry workers to government employees, Google’s initiative aims to teach

Google to Invests $5.8 Million to Boost AI Skills Across Sub-Saharan Africa Read More »

Starlink Reverses subscription Price Hike in Nigeria

Leave a Comment / News /

Starlink has decided to halt Subscription Price Hike in Nigeria Amid Regulatory Pushback. In a message to users, Starlink explained that it’s putting the hike on hold to address concerns raised by Nigeria’s Communications Commission (NCC). The company stated its commitment to providing high-speed internet in the country but emphasized that regulatory support is necessary

Starlink Reverses subscription Price Hike in Nigeria Read More »

Nigeria Drops Charges Against Binance Exec Tigran Gambaryan.

Leave a Comment / News /

Well, that was unexpected. Nigeria has decided to drop all charges against Tigran Gambaryan, the Binance exec who was arrested back in February 2024. Originally charged with tax evasion and money laundering, Gambaryan is now free after the government’s prosecuting team said he was just an employee, not the mastermind behind Binance’s moves. as reported

Nigeria Drops Charges Against Binance Exec Tigran Gambaryan. Read More »

Ex-OpenAI CTO Mira Murati is reportedly raising funds for her own AI startup.

Leave a Comment / Global, News /

Mira Murati, who recently stepped down as OpenAI’s CTO, is already back in the game—this time, fundraising for her own AI startup. According to Reuters, Murati is aiming to raise over $100 million to develop AI products built on proprietary models. Murati left OpenAI last month, saying she wanted “time and space” to explore new

Ex-OpenAI CTO Mira Murati is reportedly raising funds for her own AI startup. Read More »

Yellow Card Raises $33M Series C to Boost Growth and Expansion

Leave a Comment / News, Startups /

Yellow Card has raised $33 million to help its business grow across Africa. This funding round was led by Blockchain Capital, with participation from Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital.  With this, Yellow Card has now raised a total of $88 million,

Yellow Card Raises $33M Series C to Boost Growth and Expansion Read More »

Jumia Exits South Africa and Tunisia to Focus on Core Markets

Leave a Comment / News /

Jumia Technologies AG has announced plans to shut down operations in South Africa and Tunisia by the end of 2024 because of macroeconomic conditions and stiff competition. This strategic move was taken to optimize resources and focus on core markets with better growth potential. Low Contribution Spurs Decision A thorough evaluation by CEO Francis Dufay

Jumia Exits South Africa and Tunisia to Focus on Core Markets Read More »

Moove expands to Mexico, a months After U.S. Launch

Leave a Comment / News /

Just a month after its US debut, Nigeria’s Moove, a startup financing vehicles for ride-hailing drivers—has officially expanded into Mexico. The startup which  operates by plugging its special credit scoring system into ride-hailing and delivery platforms. The startup operates by plugging its special credit scoring system into ride-hailing and delivery platforms. This lets them see how drivers and delivery folks are performing and making money, so they can decide who gets loans. Moove offers loans by selling new cars, covering up to 95% of the cost within five days of signing up. Customers can then repay these loans over 24, 36, or 48 months, using a part of their weekly earnings. The company aims for profitability by 2025, marking a significant milestone for African startups amid

Moove expands to Mexico, a months After U.S. Launch Read More »

Starlink Price Hike Controversy: NCC Withdraws Statement on Unapproved Increase

Leave a Comment / News /

The Nigerian Communications Commission (NCC) recently made a surprising change regarding its stance on Starlink’s price increase. Earlier, the NCC had expressed surprise over Starlink’s announcement of new subscription rates in Nigeria, claiming that the company had not received regulatory approval for the price adjustment. It was noted that while Starlink had filed a request

Starlink Price Hike Controversy: NCC Withdraws Statement on Unapproved Increase Read More »