Verod Acquires Majority Stake in Nigeria’s i-Fitness, Fueling Regional Expansion and Empowerment
Verod's acquisition was facilitated through its $200 million Capital Growth Fund III, closed in December 2019.
Nigeria Blocks Access to Crypto Websites Amid Currency Crisis
The Central Bank of Nigeria, along with the Nigerian Communications Commission, has instructed telecom companies to block access to crypto...
Showmax Surpasses Netflix as Africa’s Top Streaming Service
In a recent report by Omdia Research, Showmax, an online video streaming service, has seized the crown from Netflix to...
uLesson Slashes Subscription Prices by 50% to Aid Nigerians
Nigerian families are struggling because of government policies, like removing fuel subsidies, which made fuel prices skyrocket. This led to higher transportation costs and more expensive goods.
Disha Announces Temporary Pause in Operations
What does this mean for Disha users? Firstly, all services provided by Disha will be unavailable after the specified date.
Nigeria Considers Blocking Crypto Websites Amid Binance Controversy
While not confirmed, a source hinted that the apex bank might employ telcos to restrict access to these websites and apps in Nigeria.
Zimbabwean Startup, Ocular AI, Chosen for Y Combinator’s Winter 2024 Program
Being chosen by Y Combinator is a big deal because it means Ocular AI can help lots of different types of businesses with the common problem of accessing information and making work easier.
Partech’s Second Africa Fund Closes at $323 Million, Grows Team and Investments
Partech Africa II plans to double down on its investment strategy across the continent, with ticket sizes ranging from $1 million to $15 million for seed to Series C rounds.
Jetstream Africa Launches AI Platform to Transform Cross-Border Trade
Jetvision.ai promises to spur growth, enhance profitability, and speed up the movement of goods across African borders.
X (formerly Twitter) Resolves Dispute: Pays Former Ghanaian Employees After 14 Months
This resolution brings relief after months of stress and financial hardship for these individuals.