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Saturday, 1 November
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PayPal faces a new wave of fake invoice scams just days after announcing its partnership with OpenAI. Cybercriminals are using real PayPal email accounts in a sophisticated TOAD attack to steal user credentials and payment details.Fake Invoice Alert: PayPal Hit by TOAD Cyberattack Days After OpenAI Partnership
MTN partners with Microsoft to launch EVA 3.0, a next-generation cloud analytics platform built on Microsoft Azure. The upgrade enhances customer experience, boosts operational efficiency, and supports responsible AI in South Africa and beyond.MTN Completes Major Cloud Modernisation with Microsoft, Launches EVA 3.0 in South Africa
The SEC has revealed that Nigerians lost ₦300.2 billion to Ponzi schemes like MMM, MBA Forex, and Famzhi Interbiz Ltd. The commission warns that actual losses may be higher due to unreported cases and online scams.Nigerians Lost Over ₦300 Billion to Ponzi Schemes in Recent Years – SEC Reveals
PayPal is integrating with ChatGPT through the Agentic Commerce Protocol (ACP) to enable seamless in-chat payments by 2026. Here’s how Nigerians can benefit — and the major limitations they still face.PayPal Adopts Agentic Commerce Protocol to Power Payments in ChatGPT by 2026 — What It Means for Nigerians
The Digital Runway: Fashion in the Age of Search The surge in Google fashion searches demonstrates how Nigerians are using digital platforms to explore, create, and share their evolving sense of style. With fashion inspiration just a search away, the country’s youthful and connected population is driving a digital fashion renaissance — one that bridges the past and future, tradition and innovation. As Lagos Fashion Week unfolds, one thing is clear: Nigeria’s fashion story is being rewritten — online, on the runway, and in everyday wardrobes.Nigerians Are Reviving Heritage Fashion: New Google Search Trends Reveal Vintage and Cultural Comeback
PayPal faces a new wave of fake invoice scams just days after announcing its partnership with OpenAI. Cybercriminals are using real PayPal email accounts in a sophisticated TOAD attack to steal user credentials and payment details.Fake Invoice Alert: PayPal Hit by TOAD Cyberattack Days After OpenAI Partnership
MTN partners with Microsoft to launch EVA 3.0, a next-generation cloud analytics platform built on Microsoft Azure. The upgrade enhances customer experience, boosts operational efficiency, and supports responsible AI in South Africa and beyond.MTN Completes Major Cloud Modernisation with Microsoft, Launches EVA 3.0 in South Africa
The SEC has revealed that Nigerians lost ₦300.2 billion to Ponzi schemes like MMM, MBA Forex, and Famzhi Interbiz Ltd. The commission warns that actual losses may be higher due to unreported cases and online scams.Nigerians Lost Over ₦300 Billion to Ponzi Schemes in Recent Years – SEC Reveals
PayPal is integrating with ChatGPT through the Agentic Commerce Protocol (ACP) to enable seamless in-chat payments by 2026. Here’s how Nigerians can benefit — and the major limitations they still face.PayPal Adopts Agentic Commerce Protocol to Power Payments in ChatGPT by 2026 — What It Means for Nigerians
The Digital Runway: Fashion in the Age of Search The surge in Google fashion searches demonstrates how Nigerians are using digital platforms to explore, create, and share their evolving sense of style. With fashion inspiration just a search away, the country’s youthful and connected population is driving a digital fashion renaissance — one that bridges the past and future, tradition and innovation. As Lagos Fashion Week unfolds, one thing is clear: Nigeria’s fashion story is being rewritten — online, on the runway, and in everyday wardrobes.Nigerians Are Reviving Heritage Fashion: New Google Search Trends Reveal Vintage and Cultural Comeback

Startup Review

In 2016, the company rose to become the continent’s first unicorn, valued at over $1 billion, and in April 2019, it went public on the New York Stock Exchange (NYSE), raising $196 million in net proceeds. Its share price, initially offered at $14.50, rose more than 200% in the first three trading sessions. But after reaching a peak of nearly $50 on May 1, 2019, the share value has continually declined and fluctuated. Currently, the e-commerce platform has since spread to African countries, including Egypt, Morocco, Ivory Coast, Kenya, South Africa, and others, as well as expanding and launching platforms like Jumia Food, Jumia Travel, Jumia Deals, Jumia One, Jumia Pay, and others. With platforms like Jumia Food, Jumia Travel, and Jumia Pay, the company has diversified its offerings and expanded its reach, driving e-commerce adoption and economic empowerment.

Here is a list of Africa’s top 10 biggest startups by valuation

Africa has emerged as a hotbed of innovation, with startups disrupting industries and capturing the attention of investors worldwide. From fintech to agriculture, these startups…

By: IBK

Moove hits $750 million valuation after Uber’s $100 million investment

Mobility startup, Moove, has confirmed the earlier reported $100 million investment by Uber, bringing its valuation to $750 million after the deal….

By: Wura Oba

African startups raised $217 million in February 2024 -Report 

Startups across Africa raised a total of $217 million in February 2024, representing a 182% increase when compared with January….

By: Author Africa

Digital financial services provider, Carbon, has completed the acquisition of SME-focused Nigerian fintech, Vella Finance.

The two companies announced the completion of the deal via a statement on Wednesday. Vella Finance was acquired through its parent company One Credit Limited,…

By: Wura Oba

Uber in talks to invest $100 million in Moove – Report

Uber Technologies Inc. is reportedly in talks to invest the sum of $100 million in African vehicle-financing startup Moove….

By: Author Africa

Kupatana.com. Tanzania’s leading classifieds website, adds substantial value to AUTO24’s portfolio

AUTO24 acquires Tanzania’s Kupatana to strengthen its presence in Africa

Kupatana.com. Tanzania’s leading classifieds website, adds substantial value to AUTO24’s portfolio…

By: IBK

10 African startups selected for Techstars Toronto’s 2023 summer cohort

This selection underscores Techstars’ continuous commitment to fostering innovation and entrepreneurship on the African continent…

By: IBK

Max Air allegedly did something shady as Nigerian tech startups thrived 

Max Air was accused of overwriting its Cockpit Voice Recorder (CVR) following a serious incident that occurred at Nnamdi Azikiwe International Airport. A report by the Nigerian…

By: Author Africa

Techstars-backed CDcare Nigeria is going to sell you a gadget without any interests

The next frontier by any metric in the credit industry in Africa is any of the pay small small products that have been emerging on…

By: IBK

Glovo started as a small delivery service in Barcelona and has been expanding, opening outposts worldwide since its inception in 2015.

Glovo’s Oscar Pierre plans to succeed in Nigeria despite its unique gig work challenges

Glovo started as a small delivery service in Barcelona and has been expanding, opening outposts worldwide since its inception in 2015….

By: IBK

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Feature Posts

The Digital Runway: Fashion in the Age of Search The surge in Google fashion searches demonstrates how Nigerians are using digital platforms to explore, create, and share their evolving sense of style. With fashion inspiration just a search away, the country’s youthful and connected population is driving a digital fashion renaissance — one that bridges the past and future, tradition and innovation. As Lagos Fashion Week unfolds, one thing is clear: Nigeria’s fashion story is being rewritten — online, on the runway, and in everyday wardrobes.

Nigerians Are Reviving Heritage Fashion: New Google Search Trends Reveal Vintage and Cultural Comeback

If your iPhone shows a “Slow Charger” warning after the iOS 26 update, don’t panic. Here are 8 key things to know about what it means, why it happens, and how to fix slow charging on your iPhone.

8 Things to Know About iPhone’s “Slow Charger” Warning — and How to Fix It

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