Tag: Technology

OpenAI hits $852 billion a year after Nigeria’s Adebayo Ogunlesi joins board

Its latest round, which increased from the $110 billion figure announced in February, drew backing from major technology and investment firms.

Omokolade Ajayi Omokolade Ajayi

Nigeria’s Moniepoint expands into Kenya, targets SME banking growth

Moniepoint acquires 78% of Sumac Microfinance Bank, expanding SME banking and operations in Kenya under Tosin Eniolorunda.

Omokolade Ajayi Omokolade Ajayi

Cameroonian tech investor Eunice Ajim seeks $20 million to back Africa’s next fintech winners

Cameroonian tech entrepreneur and investor Eunice Ajim seeks $20 million to back Africa’s next generation of fintech startups.

Omokolade Ajayi Omokolade Ajayi

Nigeria’s fintech unicorn Moniepoint acquires restaurant management platform Orda

Nigeria’s fintech unicorn Moniepoint Orda, boosting Moniebook as transactions hit $300.39 billion in 2025.

Omokolade Ajayi Omokolade Ajayi

Senegalese-American executive Aicha Evans’ Zoox taps Uber to offer robotaxi rides in Las Vegas and LA

Aicha Evans’ Zoox partners with Uber to launch driverless robotaxis in Las Vegas this summer and Los Angeles in 2027.

Omokolade Ajayi Omokolade Ajayi

Naspers shares rise after 20% slump, market cap hits $44 billion

Shares of Naspers rebound after a 20 percent slump, lifting market value above $44 billion as investor confidence returns.

Omokolade Ajayi Omokolade Ajayi

Showmax to shut down as MultiChoice reviews streaming strategy after Canal+ takeover

Showmax to shut down as MultiChoice reviews streaming strategy after Canal+ $2.1 billion acquisition.

Omokolade Ajayi Omokolade Ajayi

After $34 million raise, Terra Industries joins DICON to boost Nigeria’s defense sector

Terra Industries partners with DICON to boost Nigeria’s defense technology, create jobs, and strengthen local production after a $34 million raise.

Omokolade Ajayi Omokolade Ajayi

Tencent AI setbacks in China wipe $8.26 billion off Naspers’ market cap

Naspers loses $8.26 billion in market value as Tencent’s AI setbacks deepen, dragging shares down 19.3 percent despite strong ecommerce growth.

Omokolade Ajayi Omokolade Ajayi

Jumia posts $818.6 million merchandise sales in 2025

Jumia records $818.6 million in 2025 merchandise sales, boosting revenue and narrowing losses as Africa’s top e-commerce platform grows.

Omokolade Ajayi Omokolade Ajayi

Globacom marks 22 years of expanding mobile and internet access in West Africa

Globacom celebrates 22 years of expanding affordable mobile and internet access across West Africa, serving over 60 million subscribers.

Oluwatosin Alao Oluwatosin Alao

Tony Elumelu meets Nvidia’s Jensen Huang, France’s Macron in Paris power circle

Tony Elumelu joins Macron and Nvidia’s Huang in Paris, signaling Africa’s growing role in global tech, AI, and cross-continental economic dialogue.

Omokolade Ajayi Omokolade Ajayi