Tag: Technology

Airtel Africa Plc
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Airtel Money slashes London IPO target to $800M as investors balk at valuation

Airtel Africa has cut its London listing target for Airtel Money to $800 million, down sharply from an earlier goal of raising up to $2 billion.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Adebayo Ogunlesi.
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With Nigerian billionaire Adebayo Ogunlesi on board, OpenAI eyes $1.2T valuation

OpenAI is in early funding talks at a valuation above $1.2 trillion, putting Nigerian billionaire Adebayo Ogunlesi’s board role in focus.

Omokolade Ajayi Omokolade Ajayi
Oluwatosin “Mr Eazi” Ajibade
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Mr Eazi’s payments company, PawaPay, nears 4 billion transactions

Mr Eazi’s PawaPay nears 4 billion transactions as the fintech expands mobile money payments across more than 20 African markets.

Omokolade Ajayi Omokolade Ajayi
Bitcoin
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Ethiopia slashes power to Bitcoin miners as El Niño hurts dams

Ethiopia has cut power supplies to Bitcoin miners to 23% of contracted levels as drought reduces hydropower generation.

Omokolade Ajayi Omokolade Ajayi
Terra Industries founders Nathan Nwachuku and Maxwell Maduka.
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Terra Industries wins $1 million mining security contract in Nigeria

Terra Industries wins a $1 million contract to provide autonomous security for Anka Metals’ Jema’a mining project in Kaduna.

Omokolade Ajayi Omokolade Ajayi
Nairobi-based Watu
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Nairobi-based Watu secures $7 million debt facility from AHL Venture Partners

Watu has secured a $7 million debt facility from AHL Venture Partners to expand lending across selected African markets.

Omokolade Ajayi Omokolade Ajayi
Optasia Limited, the Dubai-headquartered and JSE-listed fintech company
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Optasia profit surges 58% to $36.9 million on booming mobile financial services

Optasia’s net profit jumped 58 percent to $36.9 million in H1 2026, driven by an 84 percent surge in mobile financial services across African markets.

Omokolade Ajayi Omokolade Ajayi
Terra Industries founders Nathan Nwachuku and Maxwell Maduka.
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Nigeria’s Terra Industries wins $2 million lithium mining deal after fresh funding

After growing its seed round to $52 million, Nigeria’s Terra Industries lands $2 million in mining surveillance contracts to protect local lithium sites.

Omokolade Ajayi Omokolade Ajayi
Nigerian tech entrepreneur Yinka Adewale
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Nigerian tech entrepreneur Yinka Adewale leads Nomba to $3 million funding success

Nomba secures a $3 million debt facility as Yinka Adewale expands its cross-border payments network across Africa and Asia.

Omokolade Ajayi Omokolade Ajayi
San Francisco-based giant Uber Technologies Inc
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Uber sharpens focus on Kenya after exiting Nigeria, Uganda and Tanzania

Uber exits Nigeria, Uganda and Tanzania while keeping Kenya as a key African market amid rising costs and a push for profitability.

Omokolade Ajayi Omokolade Ajayi
San Francisco-based giant Uber Technologies Inc
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Nigerian watchdog probes Uber over sudden exit, trapped user funds

Nigeria’s antitrust watchdog launches an inquiry into Uber’s sudden exit after 12 years, targeting unpaid balances, driver earnings, and lost fares.

Omokolade Ajayi Omokolade Ajayi
Management of WIOCC, AFC and Vision Invest, at the LEAP 2026 Global Technology exhibition in Riyadh
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Why a $300 million bet on African data centers matters right now

A $300 million capital injection into WIOCC Group aims to close Africa’s digital divide and build critical data center capacity for the AI economy.

Omokolade Ajayi Omokolade Ajayi