Jumia Technologies AG, the e-commerce giant, reported a $20.1 million operating loss in Q3 2024, a 10 percent increase compared to the $18.3 million loss in the same quarter last year. The 12-year-old company shared this in its financial report released on Thursday. The company reported revenues of $36.4 million, a 13 percent drop compared […]

Following a peaceful protest held at the University of Maiduguri, the National Association of Academic Technologists (NAAT) has issued a 14-day ultimatum to the federal government to address its outstanding demands.  The union has warned that failure to respond positively by November 13 will lead to a nationwide protest and indefinite strike to press for […]

The presidency has addressed safety concerns of vehicles that run on Compressed Natural Gas (CNG) after Malaysia announced a decision to phase out CNG-powered vehicles by July 2025. Nigerians were worried and wondered why Malaysia was doing away with the same CNG-vehicles that the Nigerian government was eager to adopt. But Bayo Onanuga, Special Adviser […]

Truecaller’s board of directors has appointed Rishit Jhunjhunwala as the new CEO of the company, reshuffling positions to allow co-founders, Alan Mamedi and Nami Zarringhalam take a backseat on running the company. Truecaller’s co-founders, Messrs Mamedi and Zarringhalam, are transitioning from their operational roles within the company, according to a statement on Wednesday.  Read also: Truecaller […]

Dev League, an inclusive community championing technology across Africa, is set to host Tech-X-Con 2024 on November 9 at House 12 Co-working Space in Ilorin, Kwara state. This one-day event offers an engaging mix of insights, hands-on learning, and networking opportunities tailored for professionals, students, and anyone with a passion for digital transformation and technological […]

In an effort to improve its standing in the financial services industry, MTN, the largest telecom company in Nigeria, paid N6.95 billion to acquire the remaining 7.17 percent minority stake in MoMo Payment Service Bank. MTN acquires remaining stake in MoMo PSB to enhance digital banking in Nigeria MTN, the largest telecom company in Nigeria, […]

Opay has launched a new security feature called “Large Transaction Shield” that requires facial recognition of the account holder in high-value transactions. The feature enhances user safety by combining transaction approval with biometric verification, to tame fraud that is often associated with digital financial transactions. With Large Transaction Shield, Opay users can set a limit […]

ChitChat, a leading African social commerce platform, has launched a new remittance feature enabling users to send and receive money seamlessly across 13 countries worldwide. The new feature, released on Monday, November 4, enhances the platform’s existing financial services. It allows users to access cross-border transfers directly within chat conversations. It is supported by a […]

In a major milestone in the African IT sector, MainOne’s parent company, Equinix Inc, has named Wole Abu its new Managing Director. This comes after the West African business completed the $320 million purchase of MainOne in Nigeria, which was initially announced in 2022. Mr Abu will succeed Funke Opeke as Equinix’s Managing Director for […]

Visa announced investments in four startups from its inaugural Visa Africa Fintech Accelerator program on Tuesday, November 5. This initiative is a part of Visa’s larger $1 billion commitment to support Africa’s digital transformation, aiming to drive financial inclusion and strengthen the fintech ecosystem across the continent. Visa is working to close the gap for […]

Equatorial Guinea’s government has banned its residents from using WhatsApp to download and share multimedia files, following the leak of explicit videos involving a high-ranking government official, Baltasar Engonga, the Director General of the National Financial Investigation Agency. The controversy erupted when investigators, searching Mr Engonga’s residence as part of a fraud probe, uncovered multiple […]

Ahiyoyo, a leading e-commerce company in Benin Republic, is redefining how Africans shop internationally by solving key challenges like accessibility, security, and reliable delivery.  Tailored to meet local needs, Ahiyoyo offers a trustworthy online shopping experience connecting African consumers and businesses with global products through seamless and user-friendly processes. Read also: Jumia exits South Africa, […]

The Mario & Luigi series has been a player favourite since it was released by Acquire for Nintendo Switch. It features funny characters, humour, and adventurous role-playing game (RPG) elements. Players act as characters in a fictional setting and make decisions to impact one or several facets of the game. In this series, people move […]

People may now view your public posts even if you have blocked them, thanks to X’s controversial change to the block mechanism. Some have protested this change, saying that they are concerned about their safety and don’t want their posts to be viewed by barred users. New block function on X raises stalking and harassment […]

MTN Nigeria reported a profit after tax of N4.1 billion for Q3 2024, which ended in September, despite ongoing economic challenges. However, the operator recorded a significant overall loss of N514.9 billion for the nine-month period, mainly due to substantial foreign exchange (FX) losses, offsetting the Q3 profit. For the nine-month period, MTN Nigeria posted […]

Apple has agreed to buy Pixelmator, the firm that makes the well-known photo and image editing applications Pixelmator Pro, Pixelmator for iOS, and Photomator. The Pixelmator team announced on Friday that regulatory permission is pending for the transaction. The Lithuanian firm, founded in 2007, is primarily known for Pixelmator and Pixelmator Pro— competitors to Photoshop. […]

PiggyVest, a prominent Nigerian fintech platform, received two prestigious awards at the Digital Jurist Awards 2024 held on October 31 at Eko Hotel and Suites in Lagos. The company was named the Best Mobile App and fintech with the Best Social Media presence, recognising its efforts to enhance users’ digital financial experiences and engage them […]

U.S. Democratic presidential candidate Kamala Harris launched a campaign on Tuesday encouraging young people, particularly gamers, to participate in the 2024 elections through her new “Freedom Town Map.” Think about what happens when, having launched Fortnite one day, you find yourself in a fun and engaging digital environment that is also trying to teach you […]

Mauritius authorities on Saturday walked back an earlier directive to restrict access to all social media platforms until after the nation’s general elections scheduled for November 10. Backlash greeted the news of a social media ban announced by the Mauritius government on Friday, days after a TikTok account leaked classified government data and recordings in […]

Safaricom, a mobile network operator in Kenya, has refuted allegations of aiding government-backed abductions by furnishing the police with customers’ personal data. The telecom operator on Thursday issued a strongly worded letter denying the claims and reiterating its commitment to protect customer data privacy unless ordered otherwise by a competent court. “We respect our customers’ […]