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Monday, 16 February
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Top News

Jumia Exits Algeria in Fresh Push Toward Profitability
Egyptian Customer Experience Platform Tactful AI Raises $1m Pre-Series A
Egypt unveils revamped Egypt Innovate platform to drive innovation and entrepreneurship
Ericsson, specialized by stc partner to fast-track AI-powered public safety solutions in Saudi Arabia
African Tech Funding Jumps Nearly 50% to $1.64bn in 2025
Jumia Exits Algeria in Fresh Push Toward Profitability
Egyptian Customer Experience Platform Tactful AI Raises $1m Pre-Series A
Egypt unveils revamped Egypt Innovate platform to drive innovation and entrepreneurship
Ericsson, specialized by stc partner to fast-track AI-powered public safety solutions in Saudi Arabia
African Tech Funding Jumps Nearly 50% to $1.64bn in 2025

Jumia Exits Algeria in Fresh Push Toward Profitability

Jumia Exits Algeria in Fresh Push Toward Profitability Jumia has ceased operations in Algeria as part of a broader strategy to streamline its footprint and focus on markets with clearer paths to profitability, the company...

By: Innovation Author

4 hours ago

This Week’s

Leading Conversations

Egyptian Customer Experience Platform Tactful AI Raises $1m Pre-Series A

Egypt unveils revamped Egypt Innovate platform to drive innovation and entrepreneurship

Ericsson, specialized by stc partner to fast-track AI-powered public safety solutions in Saudi Arabia

African Tech Funding Jumps Nearly 50% to $1.64bn in 2025

Freshly Pressed

How Fintech, Real-Time Data and Retail Tech Are Redefining Customer Loyalty in South Africa

By: Innovation Author

4 days ago

Africa’s Delta40 Raises $20 Million to Power Startups with Capital and Hands-On Support

By: Innovation Author

5 days ago

Airtel Opens Second Internet Gateway in Nigeria via 2Africa Subsea Cable

By: Innovation Author

5 days ago

Cisco Unveils High-Performance Networking Platform to Power Next Wave of AI Infrastructure

By: Innovation Author

6 days ago

AXIAN Telecom, Huawei Seal Partnership to Upgrade Networks and Drive Africa’s Digital Economy

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6 days ago

CMA CGM, Marlink and Eutelsat to Roll Out OneWeb LEO Connectivity Across Global Fleet

By: Innovation Author

February 9, 2026

South Africa Enters New Era of Satellite Connectivity with Space42 Thuraya-4 Launch

By: Innovation Author

February 9, 2026

Nigerian AI Startup Decide Ranks Fourth Globally for Spreadsheet Accuracy—Without External Funding

By: Innovation Author

February 6, 2026

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This significant recognition signifies the SPARK 20 Pro+’s outstanding performance in the international design arena

TECNO SPARK 20 Pro+ clinches two French Design Awards

The new partnership between Klasha and FOMO Pay enhances cross-border payment across Africa and Asia.

Klasha partners with FOMO Pay to power cross-border payment between Africa and Asia

In a defining manoeuvre heralding its swelling ambitions to metamorphose into Africa’s dominant cryptocurrency gateway, trailblazing trading platform Celia has forged an alliance with internationally admired Nigerian corporate practice Templars to cement its position.

Celia and Templars combine legal might and crypto vision to construct Africa’s next fintech empire

SeedFi provides short-term and long-term basic loans to both SMEs and individuals, catalyzing Nigeria’s economic growth.

How SeedFi is empowering Nigeria’s economic growth through financial inclusion

Qore is providing tailored fintech solutions designed specifically for African Financial Institutions

Qore’s COO, Mudiaga Umukoro talks about fintech in Nigeria and Qore’s cloud-native solutions

Crypto Updates

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Bitcoin could be set for a strong rebound if the U.S. Federal Reserve announces a rate cut in December, according to deVere Group CEO Nigel Green. Key drivers include liquidity shifts, deleveraging, and renewed institutional interest.

Bitcoin Slumps to $81,000, Wiping 35% Off Peak as $1.68bn Liquidations Hit Crypto Market

Bitcoin has slid to a nine-month low near $81,000 after a 35% drop from its peak, triggering $1.68 billion in liquidations amid geopolitical and US policy uncertainty.

Coinbase’s Branded Stablecoin Push Could Transform African Businesses into Financial Gatekeepers

Coinbase is laying the groundwork for a major shift in how companies handle money. The crypto exchange is developing infrastructure…

  • January 28, 2026

USDT Adoption in Nigeria Driven by Real Peer-to-Peer Payments, Not Speculation — YDPay Exec

YDPay COO Nathaniel Luz reveals that stablecoins like USDT are mostly used for peer-to-peer payments and cross-border transactions in Nigeria,…
  • January 28, 2026
Federal High Court sitting in Nigeria’s capital city, Abuja has declared that it will begin the tax evasion trial against global cryptocurrency exchange, Binance on October 11.

CZ Rules Out Binance Comeback, Turns Attention to Education, Investments and Government Advisory

Changpeng Zhao says he will not return to Binance after his pardon, opting instead to focus on education, long-term investments,…
  • January 26, 2026

Interviews

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Nigeria’s startups raised $93.4 million in October 2025, a 130.6% surge driven by Moniepoint’s $90 million round and rising early-stage investments across fintech, clean energy, agriculture, logistics, and edtech.

African Startup M&A Reaches All-Time High in 2025 as Deal Volume Climbs 72%

African startup mergers and acquisitions hit a record 67 deals in 2025, up 72% year-on-year, led by fintech and driven by strategic consolidation, according to TechCabal’s SOTIA report.
Fraud in Nigeria’s fintech space is rising fast, fuelled by AI-powered scams and identity theft. In this exclusive interview, VitalSwap’s Compliance Chief, Christopher Gunias, reveals how invisible risk teams battle fraud behind the scenes—and what Nigerians must understand to stay safe.

How Invisible Risk Teams Protect Nigerians from Online Fraud

Fraud in Nigeria’s fintech space is rising fast, fuelled by AI-powered scams and identity theft. In this exclusive interview, VitalSwap’s…
  • November 17, 2025
Jeff Bezos cautions investors about the hype surrounding artificial intelligence, comparing today’s AI boom to past bubbles like biotech and dot-com, but predicts AI will ultimately transform every industry worldwide.

Jeff Bezos Warns of AI Investment Bubble but Predicts Long-Term Transformation

Jeff Bezos cautions investors about the hype surrounding artificial intelligence, comparing today’s AI boom to past bubbles like biotech and…
  • October 4, 2025
Availability Devices powered by the new Snapdragon X2 Elite processors are expected to launch in the first half of 2026. Qualcomm also introduced Snapdragon Guardian Technology for enhanced security in Copilot+ PCs. For more details, visit the official Qualcomm product brief and Snapdragon X Series webpage.

Qualcomm Strengthens PC Leadership with Record-Breaking AI-Ready Processors

Qualcomm launches Snapdragon X2 Elite Extreme and Snapdragon X2 Elite processors, delivering record-breaking AI performance, multi-day battery life, and ultra-premium…
  • September 25, 2025

Start-up Reviews

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Jumia Exits Algeria in Fresh Push Toward Profitability

Jumia Exits Algeria in Fresh Push Toward Profitability Jumia has ceased operations in Algeria as part of a broader strategy to streamline its footprint and focus on markets with clearer paths to profitability, the company

Investment in African Tech Startups Jumps Nearly 50% in 2025

After two challenging years marked by shrinking capital and cautious investors, funding is making a strong comeback in Africa’s tech…

  • February 5, 2026
A TLP Advisory report reveals Nigerian startups avoid NGX listings due to regulatory barriers, currency mismatch, undervaluation fears, and limited market liquidity, despite the launch of the NGX Technology Board in 2022.

Nigeria’s Startup Funding in 2025 Was Highly Concentrated, with 11 Firms Taking 82.9% of Capital

Startup funding in Nigeria remained selective in 2025, as just 11 companies attracted nearly 83% of total investment, driven by…
  • January 29, 2026
Nigeria’s startups raised $93.4 million in October 2025, a 130.6% surge driven by Moniepoint’s $90 million round and rising early-stage investments across fintech, clean energy, agriculture, logistics, and edtech.

African Startup M&A Reaches All-Time High in 2025 as Deal Volume Climbs 72%

African startup mergers and acquisitions hit a record 67 deals in 2025, up 72% year-on-year, led by fintech and driven…
  • January 28, 2026

Industry Analysis

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Amazon Web Services (AWS) suffered a major outage affecting several global platforms, including Snapchat and Canva. The disruption, traced to AWS’s US East Coast region, left millions of users facing downtime across multiple services.

Amazon Announces 16,000 Job Cuts as AI and Automation Reshape Corporate Workforce

Amazon is cutting 16,000 jobs worldwide as part of a 30,000-role reduction, reflecting a broader shift toward AI-driven efficiency and post-pandemic restructuring.
Nigeria’s startups raised $93.4 million in October 2025, a 130.6% surge driven by Moniepoint’s $90 million round and rising early-stage investments across fintech, clean energy, agriculture, logistics, and edtech.

Top 5 African Fintechs Raised 43% of Funding in 2025, Early-Stage Startups Left Behind

African fintechs raised $1.4B in 2025, but funding was heavily concentrated among five companies, leaving early-stage startups with limited access…
  • January 26, 2026
Meta declares its adoption of AI power chatbot as a means to incite revenue

Meta to Reduce Reality Labs Workforce by 10% as AI Becomes Strategic Focus

Meta is set to cut roughly 10% of jobs in its Reality Labs unit, signaling a shift away from metaverse…
  • January 15, 2026
Worldwide PC shipments increased 9.6% year over year to 76.4 million units in Q4 2025, with Lenovo leading the market, according to IDC.

Lenovo Maintains Lead as Global PC Shipments Climb 9.6% to 76.4 Million Units in Q4 2025 — IDC

Worldwide PC shipments increased 9.6% year over year to 76.4 million units in Q4 2025, with Lenovo leading the market,…
  • January 14, 2026

Founder Sportlight

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Despite a tough investment climate, African female-led startups raised over $45.4 million by September 2025. Here are the women founders who secured $1 million or more this year across sectors including fintech, biotech, agritech, healthtech, and clean energy.

African Women Tech Founders Surpass $45 Million in Funding by September 2025

Despite a tough investment climate, African female-led startups raised over $45.4 million by September 2025. Here are the women founders who secured $1 million or more this year across sectors including fintech, biotech, agritech, healthtech,
From OPay and Paga to PalmPay and PiggyVest, meet 10 influential founders and investors behind Nigeria’s licensed mobile money operators driving the country’s fintech revolution and deepening financial inclusion.

Meet 10 Owners of CBN-Licensed Mobile Money Operators in Nigeria

From OPay and Paga to PalmPay and PiggyVest, meet 10 influential founders and investors behind Nigeria’s licensed mobile money operators…
  • October 28, 2025
Nigeria’s smartphone market is booming, driven by major retail chains like SLOT, Pointek, 3CHUB, Phonemart, and Spectrum Phones. Meet the entrepreneurs behind these brands reshaping how Nigerians buy and use mobile devices.

Meet the Owners Powering Nigeria’s Smartphone Boom

Nigeria’s smartphone market is booming, driven by major retail chains like SLOT, Pointek, 3CHUB, Phonemart, and Spectrum Phones. Meet the…
  • October 23, 2025
Key Takeaways Larry Ellison’s fortune nears $400 billion, second only to Elon Musk. Oracle has reinvented itself as a cloud and AI powerhouse. Ellison’s influence now stretches from Silicon Valley to Hollywood. With Oracle’s AI partnerships, Ellison is positioned as one of the most powerful figures in tech today.

Larry Ellison Returns to the Top: Oracle Co-Founder Nears $400 Billion Fortune

Oracle co-founder Larry Ellison is back in the spotlight as his fortune nears $400 billion, driven by Oracle’s AI-powered cloud…
  • September 12, 2025

Social Tech

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Rwanda Becomes Africa’s First Nation with Nationwide Zipline Drone Healthcare Delivery

Rwanda has become Africa’s first country with full nationwide drone-based medical delivery, following a major expansion agreement between the Government of Rwanda and Zipline, the global leader in autonomous logistics. The deal marks the first

Oversabi Aunty, directed by Toyin Abraham, has crossed ₦1 billion in box office earnings, becoming one of Nollywood’s top-grossing films and the highest-ever debut by a first-time director.

Toyin Abraham’s Oversabi Aunty Hits ₦1 Billion, Ranks Among Nollywood’s Biggest Box Office Successes

Oversabi Aunty, directed by Toyin Abraham, has crossed ₦1 billion in box office earnings, becoming one of Nollywood’s top-grossing films…
  • January 27, 2026
Ubisoft has scrapped six game projects, including the Prince of Persia: The Sands of Time remake, and announced studio shutdowns as it shifts focus to core franchises amid rising development costs.

Ubisoft Drops Prince of Persia Remake as Studio Closures Mark Strategic Overhaul

Ubisoft has scrapped six game projects, including the Prince of Persia: The Sands of Time remake, and announced studio shutdowns…
  • January 22, 2026
Elon Musk’s xAI tightens Grok’s image editing tools to curb non-consensual deepfake content, introducing geoblocking, subscription limits, and enhanced safeguards globally.

xAI Implements Stricter Grok Image Controls Amid Deepfake Concerns

Elon Musk’s xAI tightens Grok’s image editing tools to curb non-consensual deepfake content, introducing geoblocking, subscription limits, and enhanced safeguards…
  • January 15, 2026