Jumia Raises $99.6 Million Through Share Sale to Support Expansion
In just a very short period of ten days, Jumia ($JMIA) has closed the sales of 20 million ordinary shares...
Elon Musk’s Starlink Is Building Ground Stations In Lagos, Ogun And Rivers State To Enhance Connectivity
Starlink is looking to set up ground stations across Nigeria in a move strictly aimed at improving the connectivity in...
53 African Startups Shut Down Over the Past Decade as Funding Drops by Nearly 50% in 2023
In Africa, the period since 2010 has witnessed the collapse of many startups due to funding challenges, internal struggles and...
Panic Eases After GTBank Clarifies Website Security Rumors
Suspected hackers reportedly compromised the website of Nigerian banking giant GTBank in what appeared to be a large-scale scam aimed...
EFCC’s Twitter Account Vanishes Amidst Threats from Yahoo Boys
The official Twitter account of Nigeria’s Economic and Financial Crimes Commission (EFCC), with 2.2 million followers, mysteriously disappeared from the...
Flutterwave Hack: Court Blocks IGP’s Request to Reverse Allegedly Withdrawn Billions
Nigeria's chief police officer, the Inspector General of Police (IGP), has failed to convince a Federal High Court in Abuja...
Cisco Beats Earnings Expectations, Announces 7% Workforce Cut as Part of Major Restructuring
Cisco saw its shares rise in extended trading on Wednesday after the networking giant announced a 7% reduction in its...
African Leaders to Convene in Botswana for 5th Africa Public Sector Conference and Awards
Public sector leaders, policymakers, and stakeholders from across Africa will gather at the Gaborone International Convention Centre (GICC) from October...
TikTok Lays Off Employees Across Africa Amid Global Restructuring
TikTok, the popular social media platform owned by ByteDance, laid off several employees on its African team in June 2024...
Susan Wojcicki, Former YouTube CEO and Google Pioneer, Dies at 56
Susan Wojcicki, a tech pioneer and former CEO of YouTube, has passed away at the age of 56 after a...
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