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Renew Capital Expands West African Portfolio, Targets Tech-Enabled Startups Across Africa
Renew Capital, a venture capital firm co-founded by Matt and Laura Davis, is expanding its footprint in Africa after stepping...
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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...
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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...
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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...
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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...
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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...
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Flutterwave Hack: Court Blocks IGP’s Request to Reverse Allegedly Withdrawn Billions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...
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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...
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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...
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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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