News Update
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Safaricom stops M-PESA transfers to unregistered users
In a recent development, Safaricom, Kenya’s leading telecommunications provider, has introduced a significant policy change impacting its widely used mobile…
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Top 5 crypto exchanges for Nigerians in 2024
In a groundbreaking move, the Central Bank of Nigeria (CBN) recently lifted the ban on transactions between banks and crypto…
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Botswana rejects Elon Musk’s Starlink satellite internet application
Starlink, Elon Musk’s ambitious low-orbit satellite service, has hit a roadblock in its quest to extend its reach to every…
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Airtel Africa losses 99% of its profits on the back of currency devaluation in Nigeria and Malawi
Airtel Africa, a prominent telecommunications firm operating in 14 African countries, has reported a staggering 99% decline in profits for…
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Google launches first African cloud centre
In recent weeks, the high cost of cloud computing has been a thorn in the side of African startups, prompting…
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Amazon Prime to layoff staff and stop producing African content
Amazon Prime, the global streaming giant, is undergoing significant restructuring, resulting in staff layoffs and a reduction in local content…
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X now worth 71% less than when Musk bought it, Fidelity estimates
The trajectory of X, formerly known as Twitter, has undergone a significant shift, witnessing a remarkable 71% decrease in its…
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Nigeria puts up $12 billion worth of oil to secure $3.3 billion Afrexim Bank Loan
In a groundbreaking move, Nigeria has finalized a $3.3 billion “pre-export finance facility” (PxF) with a significant interest rate of…
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Aliko Dangote, Africa’s richest man lost $3.6 billion in 2023 amid naira’s devaluation
Aliko Dangote, the prominent Nigerian industrialist and the richest man in Africa, has experienced a notable adjustment in his wealth…
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FG to spend N100 billion on school feeding programmes in 2024
President Bola Tinubu has unveiled a significant milestone in the recently approved 2024 budget, allocating N100 billion for school feeding…
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