Central Bank of Nigeria Denies Banning Cryptocurrency Usage
Central Bank of Nigeria has said the country's citizens were free to use bitcoin and other cryptocurrencies and that all it has done is to prohibit their usage within the [...]
Airtel Africa sells Equity worth US$ 200 Million in its Cash Business to Global firm TPG
Airtel Africa is set to sell equity worth US$ 200 Million in its mobile cash business to Global private equity firm TPG, through its The Rise Fund. The deal will [...]U.K's Uber Drivers to get Minimum Wage, Fringe Benefits
Uber, a US-based taxi-hailing app, will now be required to give its drivers a minimum wage, vacation pay and other fringe benefits to its drivers in the United Kingdom This [...]How the Internet of Things (IoT) is Revolutionising the Energy Industry
The Internet of Things (IoT) has continued to revolutionize life as we know it. The communication between smart devices via the internet has allowed sending and receiving of data to [...]
Silicon Valley-based VC firm Flourish Ventures Opens Nairobi Office Targeting Fintech
Flourish Ventures, a Silicon Valley-based venture capital firm has opened a new office based in Nairobi as it targets to invest in startups across Africa who are building fintech solutions [...]KCB, Huawei to Unveil New Mobile Banking Product, To partner with Big Tech
Kenya Commercial Bank (KCB) plans to officially launch its Vooma loan product, a platform developed jointly with Chinese telco giant Huawei. Vooma-Swahili word for speed, a payments and settlements platform, [...]Tesla Model Y Sales pick up in China
Tesla Inc, a US-based electric vehicle maker, has reported its Chinese-made Tesla’s Model Y sales picking up in China less than three months since deliveries began. According to figures from [...]Kenya's Mobile Phone Sales Jump by 15% in Q4, 2020
Kenyans bought more mobile phones in the three months from October to December 2020 than they did from July to September of the same year. According to IDC, a premier [...]
Bolt Unveils Hybrid and Electric Cars in Kenya
Ride-hailing company, Bolt, has unveiled a new ride category on its platform that features hybrid and electric cars. DubbedBolt Green, the new service seeks to steer the company towards reducing [...]Flutterwave Achieves Unicorn Status After $170 Million Funding
Flutterwave, one of Africa’s leading payments technology companies on Wednesday announced it had closed its Series C funding round of USD $170 million, pushing the company's valuation at more than [...]PayPal Set to Acquire Cryptocurrency Firm, Curv
US-based online payments system, PayPal Holdings, has announced plans to acquire the cryptocurrency firm Curv, seeking to improve its talent pool for handling digital currencies. Although the company did not [...]ATU, Ericsson Finalize Plans to Usher in The Age of 5G in Africa
The African Telecommunication Union (ATU) has finalised the development of spectrum recommendations for the management of radio spectrum and to boost broadband connectivity in Africa. These recommendations are expected to [...]
