African Startup Ecosystem Falls in 2020 Global Rankings
African cities and countries rank lower in the 2020 global startup ecosystems' list byStartup Blink. The global ranking of regional giants like Kenya, Nigeria, and South Africa as preferred startup [...]
Google Faces $5 Billion Lawsuit Over Alleged Privacy Breach
Search giant Google is facing a $5 billion class-action suit for allegedly tracking users' data in browsers set in private mode. The lawsuit covers millions of users who browsed in [...]Zoom Posts 169% Jump in Q1 Revenue
Zoom generated $328.2 million in the first quarter of 2020 compared to $122 million in the first quarter of 2019. Its performance beat analysts' projections who expected $202.48 million in [...]Uganda's Eversend Raises $739k in Crowdfunding Campaign
Eversend recently raised $739k for 9.05% equity is a recent crowdfunding campaign, recording 120% of its target. The startup aimed for $613k in return for 7.67% equity, looking to target [...]Safaricom Customers to Access Digital Newspapers for KSh20
Safaricom has partnered with Kenyan media houses; Nation Media, Standard Group to enable readers to pay for e-papers with their airtime. Safaricom customers will access digital/e-newspapers directly on their phones [...]
Facebook Rebrands its Digital Wallet to Novi
On Thursday, Facebook announced it is rebranding Calibra, the digital wallet for the Libra Digital currency. The app will now go by Novi and will help users send and hold [...]Bolt Raises $109 Million Funding
The taxi-hailing company, Bolt Technologies, has received $109 million in funding from London-based investment firm Naya Capital Management. According to the company, they will use the funding to increase its [...]Safaricom Tackles Fraud in Latest MPESA Update
Safaricom has moved to tackle fraud in the latest updates to the MPESA product and ecosystem. With the new update, if anyone tries to register a new SIM card with [...]Gender Demographics in Africa's Digital Sector
Briter Bridges carried out a study, seeking to determine the Gender and Demographics in Africa’s Green and Digital Transformation. The research also aimed to unveil the co-foundingmembers and C-level executives [...]IBM Announces Massive Layoffs
IBM plans to lay off an unspecified number of employees across the United States. The states include California, Missouri, New York, North Carolina, and Pennsylvania. According to the Corporation, the [...]Ethiopia Invites Foreign Firms into its Telecommunication Industry
Ethiopia has launched an Expression of Interest Request for new telecommunication licenses as it liberalizes its telecommunication industry. Finance Minister Eyob Tekalign called foreign operators to officially express interest in [...]Safaricom's Revamped Mpesa for Business Offering is a Big Win for SMEs
Safaricom has launched a new feature for businesses that allows direct transactions from Mpesa business tills. The Mpesa for Business tool is an upgrade of the current Lipa NaMpesa, giving [...]
