Kippa, Nigerian Financial Management App Gets $8.4M in New Funding
Nigerian startup Kippa, through its financial management and payments platform, seeks to enhance the operations of microbusinesses throughout the nation and has secured $8.4 million in a seed round. Kennedy Ekezie-Joseph, Duke Ekezie, and Jephthah Uche founded the company in June of last year, and it has since attracted funding from companies including Goodwater Capital, […]
Ecobank Chooses New Group CEO as Incumbent Set to Retire
The parent company of the pan-African banking organization Ecobank, Ecobank Transnational Incorporated has announced today that Ade Ayeyemi, the current Group CEO, will retire once he becomes 60 in accordance with company policy. The Board of Directors has chosen Jeremy Awori to succeed the departing executive as the next Group CEO, and they have stated […]
Liquid Networks Launches DDoS Security to Safeguard African Businesses
Today, Liquid Networks, a business of Cassava Technologies, a pan-African technology group, launches its Distributed Denial of Service (DDoS) Secure to African businesses. The service was created to stop the incessant cyber attacks on online businesses by removing malicious traffic and blocking attackers. “Cyber Attacks are at an all-time high; cyber security threats cost the […]
Binance Seeks to Stop Users From Holding Rival Coins, Including USDC
To “enhance liquidity and capital-efficiency for users,” Binance, the creator of the third-largest stablecoin in the world, announced on Monday that it will, on September 29, convert customer holdings in three competing stablecoins, USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD), into its own stablecoin (BUSD). The largest cryptocurrency exchange in the world […]
Amazon Web Opens New Offices in Johannesburg, South Africa
Digital giant Amazon and its cloud computing subsidiary Amazon Web Services (AWS) have today announced the launch of a new location in Johannesburg, South Africa. The company decided to create this new site to meet the increasing demand for its services from customers. The new office will now support South Africa’s expanding cloud industry, the […]
Musk makes a new attempt to forestall the $44 billion Twitter acquisition deal using whistleblower allegations
Elon Musk has added Peiter “Mudge” Zatko’s concerns about Twitter security to his list of justifications for abandoning his $44 billion plan to acquire Twitter. Since April, Musk’s complicated takeover proposal has gone through several phases. In the end, the CEO of Tesla and SpaceX decided he didn’t want to purchase Twitter, after all, citing […]
MTN Launches 5G Network in Nigeria
According to BusinessDay, MTN Nigeria today formally launched its fifth-generation (5G) mobile internet services at 190 locations throughout the West African nation, with the majority of the sites being in Lagos and Abuja. This event will always be a historic day for Nigerian telecommunications. According to reports, some subscribers in these areas are already browsing […]
Ghana Commissions New Solar Power Project
The commissioning of a new 13 MW solar power facility in Ghana’s Upper West Region was announced by the country’s president, Nana Akufo-Addo, on Tuesday. The Volta River Authority’s 13 MW Solar Power Project, which Akufo-Addo claims was initially conceived of in February 2020, is the first stage of what will eventually grow into a […]
Africa Data Center Gets New $300-Million Developmental Plans
Today, Cassava Technology’s pan-African data center group Africa Data Centers (ADC) announced a visual plan for the first portion of its $300-million strategic investment made by the United States International Development Finance Corporation (DFC). According to the corporation, an initial $83 million would be used to expand ADC’s data centers in South Africa. Subsequent DFC […]
Leading Nigerian Fintech, PalmPay to Increase Payment Security Awareness Among Customers
This week, Nigerian fintech pioneer PalmPay announced the beginning of Wallet Safe Workshop, a recurring training program for payment security awareness that would assist users to increase their overall security awareness and learn how to recognize and avoid e-scammers. In recent years, Africa has seen a considerable surge in the adoption of the internet and […]
