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Adebayo Ogunlesi Joins OpenAI Board to Drive AI Innovation
OpenAI has announced the appointment of Adebayo Ogunlesi, a seasoned global investor and infrastructure expert, to its Board of Directors. Ogunlesi, who serves as the…
LemFi Raises $53M Series B to Expand Remittance Services in Asia and Europe
Fintech startup LemFi, a financial services platform tailored for immigrants, has raised $53 million in a Series B funding round. This new capital injection will…
Telecom Namibia Suffers Cyberattack
Telecom Namibia (TN), one of the country’s leading telecommunications companies, is investigating a cyberattack that resulted in the exposure of sensitive data belonging to nearly…
Kenya Proposes Major License Fee Increase for Satellite Internet Providers
Kenya’s satellite internet providers, including Starlink, are set to face a steep rise in operating costs as the Communications Authority (CA) has proposed a significant…
Nigerian Telecom Tariffs to Increase Amid Rising Costs
Starting Friday, January 10, 2025, telecom users in Nigeria will see an increase in the cost of services such as calls, SMS, and internet data.…
Start Ups
LemFi Raises $53M Series B to Expand Remittance Services in Asia and Europe
Fintech startup LemFi, a financial services platform tailored for immigrants, has raised $53 million in a Series B funding round. This new capital injection will…
Bundle Africa Closes Exchange, Shifts Focus to Cashlink
After three years of operation, Bundle, a social payment app for cash and crypto, is set to close down. Its peer-to-peer platform, Cashlink, will continue…
Shuttlers Raises $4M to Expand Shared Mobility in Nigeria
Nigeria-based shared mobility firm Shuttlers has secured $4 million in a new funding round, with Verod-Kepple Africa Ventures (VKAV), a venture capital firm focused on…
Kenyan startup Jumba secures $4.5M funding
Kenyan startup, Jumba, has raised $4.5 million in a recent seed funding round, led by LocalGlobe, with participation from Enza Capital and other investors such…
Moroccan Startup Terraa Raises $1.5M in Funding
Terraa, a Moroccan brand-to-brand (B2B) distribution platform, has raised $1.5 million in pre-seed funding from European venture capital firm FoodLabs, as well as UM6P Ventures,…