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Funding

Verod buys i-Fitness stake for $12 million in PE Shuffle

West African private equity firm Verod has acquired a 65% stake in Nigeria's leading fitness chain i-Fitness from CardinalStone in a $12 million deal.

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A fresh crypto crackdown is brewing in Nigeria

Special Adviser on Information and Strategy to the President Bola Tinubu administration called on the central bank to ban some exchanges

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Meet the Africans behind Ocular AI: The startup making history at Y Combinator

Silicon Valley startup Ocular AI, founded by a Zambian and Zimbabwean software engineer duo, has been selected for the Y Combinator Winter 2024 batch.

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MultiChoice renews distribution deal with Disney+

Both broadcasting platforms have entered an agreement that will see Disney channels keeping airing on DStv

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War-rocked Sudan jumps on Starlink to beat internet cuts

The country is experiencing a near-total telecoms blackout, as mobile network providers have been critically hit by disruptions

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Laid-Off Twitter Africa team finally receives severance

More than a year after X (formerly Twitter) laid off its Ghana-based Africa team, the company has finally resolved the severance dispute with the employees after facing advocacy and legal pressure.

Fintech

Breaking: Flutterwave shuts down Disha temporarily

Disha, a popular no-code platform owned by Flutterwave, will temporarily shut down operations effective March 31, 2024.

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Sora: OpenAI’s new model creates impressive videos from text

With this model launch, Open AI joins companies like Runway, Pika and Google (Lumiere) who have deployed impressive text-to-video models

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One year later, Moove is still doubling down on its Indian bet

Barely a year after expanding into India, Moove, a Nigerian mobility startup has secured $10 million to expand its vehicle financing offering to more cities.

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Breaking: Vella Finance acquired by Carbon, renamed as Carbon Business

Carbon has acquired Vella Finance and launched an AI-driven business banking platform in a deal whose terms remain undisclosed.

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Mastercard appoints a new Country Manager for Nigeria and West Africa Lead

Mastercard has announced the appointment of Folasade Femi-Lawal as the new Country Manager and Area Business Head for West Africa.

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Most thoughtful Valentine’s Day gifts: for the classic, techie and more

Make February 14 unforgettable with our carefully curated selections of the most thoughtful Valentine’s gifts..

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