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CATEGORY

Technology

Flutterwave Bets Mono Acquisition Will Strengthen Case For IPO

Flutterwave Inc. is betting its purchase of open-banking platform Mono Technologies Nigeria Ltd. will boost earnings and strengthen the case for a potential initial...

Nigeria Taps Alphabet for New Subsea Cable to Boost $1 Trillion Economy Goal

Nigeria is in advanced talks with Alphabet Inc's Google for a new undersea cable to strengthen the West African nation’s digital resilience, a senior government...

SpaceX Seeks Share Sale That Would Value Elon Musk’s Company at $800 Billion – WSJ

SpaceX is kicking off a secondary share sale that would value the rocket-maker at $800 billion, surpassing OpenAI to make it the most valuable...

Dangote Confirms Interest in Indian Data Centers, Following Mukesh Ambani’s Post-Oil Diversification Playbook

Africa’s richest man Aliko Dangote has expressed interest in investing in data centers in India, recognizing the immense growth potential in digital infrastructure in...

Ezra Olubi Out at Paystack; Termination Sets Precedent for Nigerian Tech Executive Behavior

Nigerian fintech company Paystack has terminated the employment of its co-founder and chief technology officer, Ezra Olubi, over sexual misconduct allegations. Olubi announced this in...

East Africa Leads With Highest Contribution to Airtel Customer Base, Earnings

East Africa has become the largest contributor to Airtel Africa’ customer base and earnings, outperforming Nigeria and Francophone Africa as the telecommunications continues to...

Strong Nvidia Guidance Lifts Investor Confidence, Countering AI Bubble Concerns

Nvidia Corp., the world’s most valuable company, gave a strong revenue forecast for the current period, helping counter concern that an explosion in AI...

Paystack Co-Founder Ezra Olubi Suspended by Company Over Sexual Misconduct Allegation

Paystack, the Stripe-owned Nigerian payments company, has suspended its Co-founder and Chief Technology Officer, Ezra Olubi, following an allegation of sexual misconduct involving a...

MTN and Airtel Africa Capture 85% of Nigeria Telecomms Market, Squeezing Out Local Player Globacom

MTN Nigeria (MTNN) and Airtel Africa both multinational majority owned firms, have solidified their hold on Nigeria's telecommunications market with a combined 85.86% market...

Paga’s Valuation Challenge: $89.2 Million in Assets Yet to Translate into Strong Earnings or Profitability

…reports $9.1 Million in Operating Revenue for 2024 Fiscal Year Paga, a UK-headquartered fintech group with subsidiaries in Nigeria, Ethiopia and the USA reported its...

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