Circa Wants To Make First-Of-The-Month Rent Payments Obsolete
Paying rent on time can mean the difference between having a place to live, and well, not. Circa believes there is a simpler way to help renters keep a roof…
NFT Aggregator Gem.xyz Acquired By OpenSea Shortly After Ousting Co-Founder For Sexual Misconduct
OpenSea, the largest NFT marketplace, acquired Gem.xyz (Gem) to “better serve” its more experienced users. The deal will allow OpenSea to “learn from Gem’s expertise and intuition about the advanced…
Future Chevy Corvette EV Will Use Battery’s Heat To Extend Its Range – General Motors
It’s official: a fully electric Chevy Corvette is coming with new battery technology to boost its range, acceleration and efficiency. When it arrives, the battery-electric sports car will benefit from…
Google’s Pixel Watch May Finally Be On Its Way
Everything old is new again. Someone leaves a prototype in a bar, prototype makes its way into some blogger’s hands, chaos ensues. It’s hard to imagine another device coming along…
Apple Confirms App Store And Apple Music Are Experiencing Issues
Apple has confirmed that the App Store and Apple Music are currently experiencing some issues. The company’s system status page indicates that “users may be experiencing a problem” with the…
Twitter, Nigeria Agreement Suffers Setback As Musk Buys Microblogging Platform
There are indications that Twitter’s agreement with the Nigerian government will be reviewed in months. This is as Elon Musk sealed a takeover deal with the firm yesterday at a…
Elon Musk Acquires Twitter For $44bn
Twitter on Monday confirmed it is selling the platform to Elon Musk in a deal valued at $44 billion. The sale was a dramatic shift for the board. They had…
Twitter Acquisition: Elon Musk Sends Message To Critics
Billionaire, Elon Musk, has sent a message to his critics, as his bid to buy social media platform, Twitter, closed in his favour. Buying Twitter in a deal worth over…
Former CEO, Jack Dorsey, Hails Elon Musk’s Acquisition Of Twitter
The former boss and co-founder of Twitter, Jack Dorsey, has hailed Elon Musk’s acquisition of the platform. Reacting to the $44 billion deal, Dorsey tweeted, “In principle, I don’t believe…
Norfund Makes $8m Investment In 1K1V’s Redsun Dried Fruit And Nuts
Norfund, a Norwegian Investment Fund for Developing Countries, has invested $8 million South Africa-based raisin processor and distributor Redsun Dried Fruit and Nuts (“Redsun”), a portfolio company of One Thousand…
Private Equity Firm Ascent Capital To Buy A Majority Stake In Diani Hospitals -Kenya
DBH operates a hospital in Diani Beach with three satellite clinics in Kwale Town, Likoni Town, and Ukunda Town. The financial details of the deal were not immediately disclosed. Ascent…
Nigerian Digital Bank Umba Secures $15m Led by Costanoa Ventures
Umba, a Nigerian digital banking startup, has raised $15 million in Series A funding to offer financial services to the underserved market. The new funding will allow the company to…
Zambia-Based Card Issuing Startup, Union54, Raises $12m In Seed Funding
Union54 is a fintech company offering card issuing services in partnership with licensed card issuers in their respective countries. Union54’s API allows software companies from the African continent to issue…
Central Bank Of Kenya Orders Banks To Ration Scarce Dollars
A number of currency traders and importers says that banks have imposed a daily cap on dollar purchases. This is because firms struggle to obtain adequate forex to meet their…
NSSF Doubles Investment In State’s Debt Securities – Kenya
Latest industry statistics show the State-owned pension fund has grown its stake in Treasury bonds and bills to Sh170.9 billion last year from Sh83.2 billion in 2017.The government debt instruments…
Nigerian Government Records N2.23tn Fiscal Deficit In Three Months – CBN Report
The Federal Government recorded N2.23tn fiscal deficit in the fourth quarter of 2021. This was revealed by figures obtained from the Central Bank of Nigeria’s economic report for the fourth…
Prepare For Global Food Crisis, Adesina Advises African Govts
Akinwumi Adesina, president of the African Development Bank (AfDB), says Africa should prepare for the inevitability of a global food crisis occasioned by the Russia-Ukraine war. Adesina said this while…
The Food Lab, Egypt’s Cloud Kitchen Operator, Raises Pre-Seed Round Of $4.5M
The Food Lab (TFL), has announced the completion of a significant $4.5 million pre-seed fund raising round. This round includes investors from across the world and was co-led by Nuwa…
AfDB Approves €9.8m To Support Venture Capital Investments In African Startups
The board of the African Development Bank Group (AfDB) has approved an equity investment of €9.8 million to support venture capital investments in African startups. The development finance institution announced…
Beans, Tomatoes, Yam Record 40% Price Hike In Nigeria –NBS
The average prices of food items in Nigeria recorded significant increases within a one-year period spanning between February 2021 and February 2022, data from the National Bureau of Statistics show.…
Nigeria’s Crude Oil Production Rigs Drop By 37.5%, Says OPEC
The number of functional crude oil production rigs in Nigeria decreased by 37.5% to just 10 operational rigs in March 2022, the OPEC said. OPEC’s latest Monthly Oil Market Report…
High Food Prices Will Continue In Nigeria, Others Till 2023–IMF
The International Monetary Fund says the impact of the war in Ukraine is likely to sustain pressure on commodity prices. The Washington-based lender disclosed this in its ‘World Economic Outlook:…
Oil Price Rises in Nigeria As OPEC Projects Steady Demand Growth
The global benchmark for crude oil, rose marginally in price on Thursday. The Organisation of Petroleum Exporting Countries projected that the demand growth for oil would continue this year. Industry…
Emefiele Defends Nigeria’s Exchange Rate Policy, Says Country Facing Peculiar Challenges
Central Bank of Nigeria Governor, Mr. Godwin Emefiele, yesterday defended the apex bank’s managed-float exchange rate system. According to him, it was adopted to address the peculiar challenges the country…
Cooking Gas Price In Nigeria Jumps By 83% In One Year – NBS Reports
The average retail price for cooking gas increased by 83.62% in March 2021, according to a new report by the National Bureau of Statistics. The report titled, “Cooking Gas Price…
Kenya Delays Talks On 15% Cut In Power Bills
Independent power producers revealed on Thursday they were yet to receive invitations for talks on cutting wholesale power prices and ultimately lower consumer bills. The State is yet to open…
Safaricom Loses Bid To Bar Canada Telco From Its Network
Safaricom had sought to cancel the contract on allegations that Iristel Kenya will engage in SIM boxing which is a threat to national security. SIM boxing is a malpractice where…
KCB, USAid Sign Sh100m Funding For Livestock Farmers – Kenya
Much of northern Kenya is forecast to be sunny and receive below-average rainfall, Kenya Meteorological Department says. Climate change is expected to increase the frequency and severity of droughts in…
Vodacom Pledges High-Speed Internet After $10m Deal – Tanzania
Vodacom Tanzania has promised a high-speed internet across the country after signing broadband investment worth $10.8 million (about Sh25 billion). The investment include $4.59 million deal signed yesterday between Vodacom…
Ghana Producer Price Inflation Rises To 29.3% In March
The Producer Price Inflation (PPI) increased to 29.3% in March 2022, from the 21.4% recorded in February.This represents an increase of 7.9% points. The Government Statistician, Professor Samuel Kobina Annim,…