Cairo-based fintech Dayra has joined Y Combinator and secured $3 million in a pre-seed round that includes a mix of equity and debt financing, The round includes investment from Tanmiya …
Blessing Ubani
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AfricaBusiness PoliciesNewsNorthern Africa
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AfricaNewsNigeriaSpotlightTechnologyWestern Africa
Federal Government to Switch Off TV Analogue Signals from May 28
The federal government set out a time table to begin switching off analogue signals on televisions starting from the 11th of March 2021, over the transition to full digital platforms …
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Nokia has struck a deal with Samsung to license patents covering its innovations in video standards, the Finnish telecom company said on Thursday. While the companies did not disclose the …
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AfricaBanking, Finance & InvestmentNewsNorthern Africa
The Central Bank of Egypt denies stopping the usage of the fiat pound
The Central Bank of Egypt (CBE) denied the allegation that it intends to stop the circulation of the Egyptian pound banknote in the market. According to a statement released by …
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AfricaBanking, Finance & InvestmentNewsSouthern Africa
Standard Bank experiences a prolong slog to recover from the pandemic
Standard Bank reported a 51% decrease in profit after taxes and other adjustment was done in December. Africa’s biggest bank stated any economic recovery from the COVID-19 pandemic in Africa …
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AfricaBanking, Finance & InvestmentNewsNigeriaWestern Africa
African payments company Flutterwave secures $170M new capital, valuing the company at over $1B
African fintech firm Flutterwave has secured $170 million from a group of international investors as part of a successful Series C round. The round was led by growth-equity firms Avenir …
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BusinessNews
Thousands of Microsoft customers and government agencies have been victims of cyber attack
Recently, the US government’s cybersecurity agency has issued an emergency warning amid concerns that some group of a highly skilled and sophisticated group known as Hafnium operating out of China …
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As controversial as the mention of the word Decentralized finance ( Defi) is to the legacy of the current financial ecosystem in Africa. The opportunities it presents especially to the …
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AfricaBusiness PoliciesTelecommunications
Africa’s largest fibre company secures $840 million to boost internet connectivity
Liquid Telecom Limited, a fiber company owned by African telecom tycoon Strive Masiyiwa secures $840 million in a bond and loans to refinance debt and boost the continent’s digital infrastructure. …
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The tech giant has accused a Chinese cyber-espionage group of the recent attacks on its mail server software. In a blog post, Microsoft stated that the hackers came from a …