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Equinix to invest separate $390 million in Africa play

The money plans for investment includes the construction of data centers at its current operations, but excludes plans for additional markets

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RightCard (LemFi) doubles down on Bank of Ghana Approval with Nsano partnership

LemFi announces approval by the Bank of Ghana (BoG) to partner with Nsano Limited to deliver money transfer services to Mobile Money Wallets and Bank GAccount Beneficiaries in Ghana.

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

News

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

News

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.

News

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

News

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.

News

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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