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Technology
Nigerian Startups, Others Raised $5bn in 2022.
According to data from Africa: The Big Deal, startups in Nigeria and other African nations raised $4. 85 billion…
Tesla to Freeze Hiring and Lay Off Employees First Quarter of 2023.
There will be further layoffs at electric vehicle manufacturer Tesla Inc (TSLA.O) in the upcoming quarter.…
NGX Technology Board Listing Rules are Approved by the SEC.
The Securities and Exchange Commission (SEC) authorized the Rules for Listing on the NGX Technology Board on…
Nigeria Partners with Global Tech Firms to Promote Digital Economy.
Isa Pantami, Nigeria's Minister of Communications and Digital Economy, met with American representatives of…
Rwanda and Nigeria are the First African Countries to Sign the “Artemis…
The National Aeronautics and Space Administration (NASA) Artemis Accords have been signed by Nigeria and Rwanda.…
Musk Sells Another $3.6 billion Worth of Tesla Stock.
Elon Musk, the CEO of Tesla, reported an additional $3.6 billion in stock sales, bringing his year-to-date total…
Microsoft Targets Internet Expansion in Africa.
According to Microsoft Corp. (MSFT.O) President Brad Smith, the company plans to ensure internet access for 100…
Senate Approves NCC’s N559 billion Budget.
Following the presentation by the Committee on Communications, the Senate passed the Nigerian Communications…
Mobility Fintech, Moove, Raises $30mln from Debut Sukuk for UAE Expansion.
In order to fund the construction of the largest EV ride-hailing fleet in the MENA region, Moove, the first…
European Technology Sector’s Market Value Declines by $400 billion.
According to a report from venture capital firm Atomico, the European tech sector lost $400 billion in value this…
Israel’s New 5G Mobile Auction Aims to Benefit “smart” Cities.
Israel launched its second 5G tender and urged mobile companies to increase the deployment of fifth-generation…
In Nigeria’s Second 5G Licensing Round, Airtel was the Only Bidder.
Following the failure of another company to pay a deposit required to continue the auction, Airtel Africa (AAF. L)…
NITDA says Nigeria can Earn 40billion from the Tech Sector.
Nigeria currently has a competitive advantage to become the global talent factory in the tech sector with the…
435,000 Tesla Vehicles in China will Receive Software Updates Due to a Marker…
A regulatory body announced that Tesla Inc (TSLA. O) will release software updates for more than 435,000 vehicles…
Two Swiss Fintechs are Funded by J.P. Morgan Private Bank.
According to a statement released, J.P. Morgan Private Bank has invested in two Swiss fintech firms that…
3 Kenyan Businesses Received Billions from the Defunct US Crypto Firm FTX.
Regulatory filings and court documents reveal that Sam Bankman-$32 Fried's billion crypto empire, which collapsed,…
NCC’s 5G Spectrum Auction: Stakeholders Reject Airtels $273 Pricing.
According to Airtel Africa, the Nigerian Communications Commission (NCC) should reserve a spot in the 3. 5GHz…
Telcos are Outraged as MTN Seeks a Second 5G License.
Telecommunications companies have expressed their opposition to MTN Nigeria's request to participate in the…
Google Receives $392 million in Fines from the US
Google and 40 US states reached a landmark privacy settlement on Monday after the search engine giant was accused…
Egyptian Fintech Equity and Financing Round Led by EIIC and Sawari
The Egyptian finance firm, Blnk, formed in 2021 by Amr Sultan and Tarek Elsheikh, has revealed that it has earned…
Visa and FTX have Ended their Global Debit Card Arrangements.
The largest payment processor in the world, Visa Inc (V.N), said that it was terminating its global credit card…
$6 million will be Invested in AfyA Care by CardinalStone Capital Advisors.
AfyA Care's Series A capital round will include a $6 million investment from CardinalStone Capital Advisers (CCA);…
BREAKING: Meta Lay Offs Over 11,000 Employees
In one of the year's largest layoffs, Meta Platforms Inc. (META.O) announced that it will eliminate more than…
As Investment Slows, Tech Employees might Lose their Jobs.
Tech firms around the world are having trouble raising money. According to research, investments in the Nigerian…
According to Reports, Musk Intends to Finalize the Twitter Deal.
In a video conference call with bankers who are helping to finance the deal, Elon Musk promised to close his $44…
Roughly Three-quarter of Twitter’s Staff Will be Laid Off.
The Washington Post stated that a $44 billion purchase of Twitter by billionaire Elon Musk may result in a wave of…
First Public Flight of Chinese “Flying Car” Takes Place in Dubai.
In an effort to introduce its electric aircraft to global markets, Chinese electronic vehicle manufacturer Xpeng…
Google Commits Over $200million To Nigeria and Other Africa Countries.
In the past year, Google has invested well over $200 million in Nigeria and other countries in Africa. This was…
Banking Sector Disruption: Fintechs Will Continue To Be Guided By CBN, Says…
Financial technology (fintech) businesses, according to CBN Governor Godwin Emefiele, are upending the banking…
NATO Worries About Russian Plans to Test Belgorod Poseidon Nuclear Torpedo.
Initially intended to be a Project 949A Antey submarine, the nuclear submarine BS-329 Belgorod came to live. The…