Paystack leads acquisition of struggling fintech startup, Brass
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Nigeria’s fintech company and payment giant, Paystack, has led an investment consortium to acquire the struggling startup, Brass, for an undisclosed sum….
Africa needs to double spending to $6b to bridge digital divide: IFC
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Africa must significantly ramp up investments in digital infrastructure if it hopes to connect more people and businesses to the internet, according…
Flutterwave suffers another major security breach, loses billions
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Nigerian fintech unicorn, Flutterwave, has suffered yet another devastating security breach, with unknown perpetrators illegally diverting billions of naira into unauthorized accounts…
Nigeria to open Startup House in San Francisco Tech Hub
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The Nigerian government is making a bold move to establish a stronger presence in the global technology scene. The Federal Executive Council…
Bamboo launches Nigerian stocks on its platform
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Leading digital brokerage – Bamboo – has launched Nigerian stocks on its investment platform. The introduction allows Bamboo’s predominantly youthful user base…
Brain implant malfunction hits Musk's Neuralink
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Neuralink, Elon Musk’s ambitious brain-computer interface venture, has encountered some level of setback. The company revealed that its pioneering chip implanted into…
Jumia trims losses as cost-cutting efforts bear fruit
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Every company is enthusiastic about financial growth, and this is a moment of thrill for Africa’s e-commerce giant Jumia, as the company…
Amid forex crackdown, CBN orders four fintech companies to halt account opening
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In a move aimed at curbing illicit foreign exchange dealings and money laundering activities, the Central Bank of Nigeria (CBN) has directed…
Bolt partners M-Kopa to rev up electric motorcycle revolution in Kenya
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Ride-hailing company, Bolt, has partnered with M-KOPA, Roam Electric, and Ampersand to introduce a fleet of electric motorcycles in Kenya. This initiative…