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

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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 […]

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

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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,

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Jumia Exits South Africa and Tunisia to Focus on Core Markets

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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

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

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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

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Starlink Price Hike Controversy: NCC Withdraws Statement on Unapproved Increase

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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

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Nigeria Launches $1.5 Million AI Fund Following Backlash of Google’s ₦100 Million Initiative

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The Nigerian government is reportedly set to launch a $1.5 million (₦2.5 billion) fund to promote the development of Artificial Intelligence (AI) in the country. The announcement was made by Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, during an interview on Arise TV. This initiative, backed by Luminate, a global foundation,

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SEC Charges Ex-Tingo Accountant for Role in #250 million group Fraud Scheme

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The U.S. Securities and Exchange Commission (SEC) has charged Nigerian accountant Olayinka Oyebola and his firm, Olayinka Oyebola & Co. (Chartered Accountants), for their involvement in a fraudulent financial scheme linked to Tingo Founder Mmobuosi Odogwu Banye (also known as Dozy Mmobuosi)  This legal action comes after a recent $250 million judgment against Mmobuosi and his companies,

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Starlink Raises Subscription Fees for Nigerian Customers Amid Economic Challenges

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Starlink, the satellite internet provider, has announced a significant increase in subscription fees for its Nigerian users, citing economic difficulties as the reason for the adjustment. The price hike impacts both new and existing customers. What’s Changing? For new customers, the price hike is already in effect, while current users will see the new rates

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Next Narrative New $40 Million funds to backs African Filmmakers

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Next Narrative Africa and HEVA Fund Launch $40M Fund for African Filmmakers Next Narrative Africa, a Nigerian media production company, and HEVA Fund, a Kenyan investment firm, have teamed up to launch a $40 million fund aimed at supporting African filmmakers. Investment Details The Next Narrative Africa Fund will invest in films with budgets ranging

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