Nigerian fintech company Sycamore stated on Monday that it has secured a licence from Nigeria’s Securities and Exchange Commission (SEC) to operate as a fund and portfolio manager. This achievement positions Sycamore among a select group of regulated investment firms in Nigeria, enhancing its competitive stance in the financial sector. Read also: Elon Musk’s xAI […]

Discord announced the launch of its new Social SDK on Monday, offering game developers a powerful toolkit to integrate advanced social features directly into their games. This free software development kit aims to enhance in-game social experiences for players, whether they have a Discord account or not. Read also: Saudi-owned Scopely acquires Niantic’s gaming division, […]

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On March 10, 2025, South African prop-tech startup Preferental launched a tenant screening app, designed to transform how landlords and property managers evaluate potential tenants. Preferental, founded in 2017 by Ross Fitzcharles, uses technology to improve property management. This tool leverages advanced artificial intelligence (AI) and machine learning (ML) to provide real-time, accurate tenant evaluations, […]

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On Thursday, YORA Technologies, a Moroccan super app, announced that it had successfully raised $1.9 million in a pre-Series A funding round. This investment brings the company’s total capital to $4.4 million since its launch in 2023. The funding round was led by local investment firms Witamax and Azur Innovation Fund, highlighting strong local investor […]

The National Treasury announced on Wednesday that South Africa will invest 1 billion rand ($54.27 million) to promote domestic manufacturing of new energy vehicles and batteries, along with associated industrial initiatives. With companies including Toyota, Ford, Isuzu, Volkswagen, and Mercedes among others, the nation is the biggest centre for automobile manufacturing in sub-Saharan Africa. Read […]

On March 7, 2025, Swiss fintech company Centi announced a strategic partnership with Yellow Card, Africa’s largest licensed stablecoin on/off-ramp, to revolutionise remittances from Europe to Africa. Millions of recipients throughout the continent will benefit from faster, less expensive, and more secure transactions, thanks to our partnership. Read also: Hurupay launched stablecoin-based USD accounts for […]

The Joint Admissions and Matriculation Board (JAMB) has successfully concluded the online registration for the 2025 Unified Tertiary Matriculation Examination (UTME), with over 2 million candidates registering for the exam. This marks a notable milestone in the exam body’s efforts to streamline registration while enhancing security measures to prevent cheating. On Monday, JAMB released a […]

The Flutterwave payment technology company and Nigeria’s Federal Ministry of Youth Development have signed a deal to empower young people and enhance their business acumen, according to the Minister for Youth Development, Ayodele Olawande. The event was attended by permanent secretary Olubunmi Olusanya and other high-ranking ministry officials. The partners’ Memorandum of Understanding would result […]

A fraudulent social media account impersonating Morocco’s Prime Minister Aziz Akhannouch has surfaced, promoting a fake Moroccan cryptocurrency. The Head of the Government’s office issued an official warning on March 5, 2024, urging citizens to beware of digital fraud and only trust official government channels for information. The scam, discovered on X, falsely advertised digital […]

On Wednesday, one of Africa’s oldest venture capital firms, LoftyInc Capital, announced a $43 million first close for its new LoftyInc Alpha Fund. This fund helps late-seed and Series A entrepreneurs in Nigeria, Egypt, Kenya, and Francophone Africa. LoftyInc Alpha Fund focuses on Series A, late-seed The LoftyInc Alpha Fund marks a strategic shift from […]

The Remita platform has been replaced with the Treasury Management and Revenue Assurance System (TMRAS), a new revenue collecting platform, introduced by the Federal Government of Nigeria on Tuesday. The Federation’s accountant-general, Dr. Oluwa Oyin Madein, FCCA, FCA, FCNA, revealed this in a statement. The Office of the Accountant-General of the Federation (OAGF) is leading […]