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 to close…
Category: Technology
Microsoft Targets Internet Expansion in Africa.
According to Microsoft Corp. (MSFT.O) President Brad Smith, the company plans to ensure internet access for 100 million more individuals…
Senate Approves NCC’s N559 billion Budget.
Following the presentation by the Committee on Communications, the Senate passed the Nigerian Communications Commission’s 2023 budget during a plenary…
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 mobility…
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 year…
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 sites to enable “smart”…
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) was…
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 capacity to…
435,000 Tesla Vehicles in China will Receive Software Updates Due to a Marker Light Problem.
A regulatory body announced that Tesla Inc (TSLA. O) will release software updates for more than 435,000 vehicles in China…
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 specialize in software…
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, invested through Alameda Research in…
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 spectrum for the…
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 upcoming 5G spectrum auction. MTN’s intention…
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 of…
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 arrangements…
$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); a West African…
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 11,000 employees,…
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 Tech industry decreased…
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…
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…
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 Inc.’ “flying car” performed…
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 Emefiele
Financial technology (fintech) businesses, according to CBN Governor Godwin Emefiele, are upending the banking industry. However, according to the CBN…
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 longest submarine…
Musk Introduces a Humanoid Robot.
Elon Musk, the founder of Tesla and SpaceX, unveiled a prototype robot dubbed “Optimus”; that will likely be produced in…
Kenya Will Stop Using Diesel and Gasoline Trucks and Adopt Green Transportation.
Kenya Power plans to buy additional electric vehicles, including two-wheelers and three-wheelers; in the near future in an effort to…
Tanzania intends to purchase a freight plane.
With intentions to use Kilimanjaro International Airport (KIA) as a key airport for cargo landing; the Tanzanian government is about…
Air Canada Purchases Aircraft From Heart Aerospace In An Effort To Combat Climate Change.
As more airlines adopt cutting-edge technologies to save pollution and fuel costs, Air Canada (AC. TO) announced it would purchase…
Toyota’s Upcoming Vehicle Release In October Will Be Hampered By Chip Shipping.
In October of last year, when the COVID-19 epidemic caused supply components in Southeast Asia to be in disruption; Toyota…