On February 21, 2025, Bybit, a prominent cryptocurrency exchange, suffered the most significant cryptocurrency hack in history, losing approximately $1.4 billion in digital assets.  The hack, attributed to the North Korean Lazarus Group, involved the theft of liquid-staked Ether (STETH), Mantle Staked ETH (mETH), and various ERC-20 tokens from Bybit’s cold wallet. The hack and […]

Zydii, a leading digital workforce platform, has announced a strategic partnership with Venture for Africa (VFA), a talent accelerator, to introduce a comprehensive Go-to-Market strategy course tailored for African businesses.  This collaboration aims to equip businesses with the necessary tools to navigate real challenges, from market entry to regional expansion. Zydii and Venture for Africa […]

Adobe has officially launched Photoshop for iPhones, marking a major milestone in bringing professional-grade image editing tools to mobile devices.  This release was announced on Tuesday, and Android users are expected to receive the app later in the year. The app is designed to cater to casual creators and professionals, offering a streamlined interface tailored […]

Morocco has launched the Digital Child Health Record to enhance healthcare access and preventive care. Announced on Monday, during the Maghreb Days for School and University Health, the initiative is led by the National Observatory for Children’s Rights (ONDE) under Princess Lalla Meryem.  It aims to digitise children’s medical records, providing real-time access to vaccination […]

On Monday, Alkremeya, Libya’s first digital B2B e-commerce platform, launched, marking a significant milestone in the country’s grocery supply chain. Founded in 2023 by Abdurrahman Ejdier and Fasih Ullah Ghafoor, the platform is headquartered in Tripoli and aims to connect retailers directly with importers and wholesalers. It provides real-time access to updated product listings and […]

An overdue power bill of $23.1 million (KES 3 billion) has caused Nairobi County officials to cut fibre optic connections from Kenya Power’s utility poles, affecting internet access for households, businesses, and schools. The bill is acknowledged by the county administration, but they maintain that Kenya Power still owes them money for outstanding parking fees, […]

AltSchool Africa has teamed up with the Government of Cape Verde through Cabo Verde Digital and Ola.CV, to provide free digital skills training to 100 Cape Verdeans.  This 12-month certified program, set to begin in March 2025, aims to empower participants with in-demand technical and non-technical skills, boosting their employability and career readiness. This collaboration […]

Moulay Ismail University in Morocco has taken a significant step towards nurturing innovation and entrepreneurship by launching the Technical Business Hub (TBH). Unveiled on February 21 at an event, this new incubator aims to empower students to turn their ideas into successful businesses.  The initiative emphasises the importance of young Moroccan talent in driving economic […]

ElevenLabs, a leader in AI audio technology, has introduced ElevenReader Publishing, a groundbreaking platform that allows authors to create and publish audiobooks effortlessly. Available on iOS and Android, this AI-powered tool simplifies audiobook production, making it faster, more affordable, and accessible to authors worldwide. What is ElevenLabs’ ElevenReader Publishing? ElevenReader Publishing by ElevenLabs revolutionises how […]

Unity Bank Plc has recently announced a substantial loss of N62.64 billion for the fiscal year 2023, highlighting the bank’s challenges amidst economic uncertainty and volatility. This financial performance reflects the bank’s struggle with negative shareholders’ funds, high domestic interest rates, and fluctuations in the foreign exchange market. Financial performance overview The bank’s audited financial […]

On Tuesday, Ghana and Rwanda made a groundbreaking announcement by launching Africa’s first License Passporting Framework. This innovative initiative is designed to streamline cross-border fintech operations by eliminating duplicative licensing requirements for fintech companies operating between the two countries. Ghana-Rwanda framework streamlines fintech expansion The License Passporting Framework allows fintech companies licensed in either Ghana […]

On Tuesday, Halcyon, an impact-driven accelerator, announced a partnership with Amazon Web Services (AWS) to invest in 10 visionary African startups. These startups are focused on developing impactful solutions to address food insecurity and climate resilience across Africa.  The initiative is part of Halcyon’s Climate Resilience and Food Security in Africa Fellowship program, which aims […]

On Wednesday, VFS Global unveiled an AI-powered chatbot designed to revolutionise customer support for individuals seeking UK visas across 141 countries. This innovative tool leverages Generative AI technology to provide timely, accurate, and easily accessible information, enhancing the visa application experience for travellers worldwide. VFS Global’s AI visa assistant The AI-powered chatbot, developed by VFS […]

Access Bank recently embarked on a system upgrade to enhance its digital services, but the process has been marred by disruptions and customer dissatisfaction.  The bank announced the upgrade on February 22, 2025, stating that it would temporarily affect services on ATMs, USSD, and other digital platforms. System upgrade details and disruptions The system upgrade […]

Bitcoin, the flagship cryptocurrency, has experienced a steep decline. On February 25, 2025, its price dipped below $91,000; shortly after, it slid further to below $90,000. This downturn has erased recent gains, sending shockwaves through the crypto market as investors confront economic uncertainty, security breaches, and regulatory challenges.  Below, we explore the timeline of this […]

Tesla, the electric vehicle (EV) pioneer, saw its market value dip below $1 trillion for the first time since November 2024, a milestone triggered by an 8% stock price drop on Tuesday, February 25, 2025. Closing at $302.80 per share, Tesla’s market capitalisation settled at $948 billion, erasing billions in value and sparking widespread concern […]

Flutterwave has formally obtained a Zambian payment system license to conduct business there. The company announced on Thursday that with this new license, Flutterwave is better positioned to provide Zambian businesses with safe, reasonably priced mobile money services that promote economic growth and financial inclusion while facilitating domestic and international trade. Read also: Tech Unite […]

On Tuesday, 54 Collective, formerly known as Founders Factory Africa, announced that it will discontinue its venture studio operations in Africa. This decision follows the conclusion of its partnership with the Mastercard Foundation, which is set to end on April 30, 2025.  The Mastercard Foundation’s funding has been crucial for 54 Collective’s initiatives, including its […]

Maroc Telecom, Morocco’s leading telecommunications provider, has announced a significant leadership change with the appointment of Mohamed Benchaaboun as the new Chairman of the Management Board. This decision, made by the company’s supervisory board on Tuesday, marks the end of Abdeslam Ahizoune’s 27-year tenure. Benchaaboun’s appointment is set for a two-year term, from March 1, […]

OpenAI has declared that all paying ChatGPT users worldwide will now have access to its deep research function, which is a web surfing agent that produces thorough research reports. The update expands access to a tool that was previously only available to a select group of members, as it was announced on its official X […]