Bolu Abiodun

Egyptian startup, Suplyd has raised $1.6 million to help businesses in the food services industry get products online

Egyptian procurement platform for hotels, restaurants and catering (HoReCa) businesses, Suplyd, has raised $1.6m in pre-seed funding to expand beyond Cairo and scale its technology

Bolu Abiodun

2 months ago

Work

Softcom has reportedly laid off staff after owing salaries in December 2021 and November 2022

Softcom has allegedly laid off 10% of its workforce after owing salaries in December 2021 and November 2022.

Bolu Abiodun

2 months ago

Governance & Policy

Advertisements by skit-makers, influencers, others are unverified claims and misinformation — ARCON

The Advertising Regulatory Council of Nigeria (ARCON) has said most adverts by skit makers, comedians, influencers, bloggers, and other advertising stakeholders in the digital/online media are unethical, and unverified.

Bolu Abiodun

2 months ago

Governance & Policy

CBN governor summoned by Nigeria’s House of Reps to explain ₦20,000 ATM, PoS withdrawal limit

Nigeria’s House of Representatives has requested the CBN Governor Godwin Emefiele's presence to explain the impact and significance of the new cash withdrawal limit.

Bolu Abiodun

2 months ago

Governance & Policy

CBN’s cash withdrawal limit: 3 ways it’s good for you and 3 ways it’s not

After the CBN’s cash withdrawal limit, some people have lauded and condemned the directive. However, here are the benefits and bad sides of CBN’s cash limit.

Bolu Abiodun

2 months ago

Governance & Policy

CBN reduces withdrawal at ATMs, PoS, to ₦‎20,000 ($27) per day to further cashless policy

The news The Central Bank of Nigeria has sent a letter to all deposit money banks (DMBS), payment service banks (PSBs), and other financial institutions to limit cash withdrawals to further its cashless policy. According to the letter dated Tuesday, November 6, 2022, wi...

Bolu Abiodun

2 months ago

Governance & Policy

Central Bank of Kenya resumes charges for mobile money wallet and bank transactions

The Central Bank of Kenya (CBK) has resumed charges for mobile money and bank account transactions.

Bolu Abiodun

2 months ago

Startups

Estate and community management startup, VENCO, raises $670k pre-seed to digitise estate management in Africa

Nigerian software company, VENCO, has raised $670k in pre-seed funding to eliminate the hassles of living in estates or residential and commercial communities in Africa. According to the company, it wants to enhance the living experiences of Africans.

Bolu Abiodun

2 months ago

Startups

Nestcoin-funded startup, Lazerpay, commences layoffs as lead investor pulls out

Njoku Emmanuel, CEO and Founder of crypto payment startup, Lazerpay, has announced that the company will be laying off employees in a bid to extend its operating runway

Bolu Abiodun

2 months ago

Cryptocurrency

Where’s crypto headed from here? 3 critical questions about the future of crypto answered

The crypto market always bounces back after every crash, but with the fall of some of the market's most prominent players this year, it faces an uncertain future.

Bolu Abiodun

2 months ago

Cryptocurrency

Nigeria’s SEC will only consider “sensible digital assets” and not crypto, as it plans to improve trading in digital assets

Although cryptocurrencies are a form of digital asset, the SEC will not promote them as investment vehicles for now.

Bolu Abiodun

2 months ago

Emerging Tech Africa

This Nigerian robotics expert is developing a tech solution that could uncover terrorist hideouts and end terrorism

How Olusola Ayoola designed a drone that could potentially discover the hideout of terrorists in Nigeria.

Bolu Abiodun

2 months ago

Cryptocurrency

FTX started with $200, grew to $32bn, and collapsed in 2 weeks. Here’s how it happened

Sam Bankman-Fried started FTX with $200 arbitrage trading and went from there to $32 billion. However, the company has filed for bankruptcy after three years of continuous growth. If you still don’t understand the FTX debacle, read this.

Bolu Abiodun

3 months ago

News

African Web3 startup, Nestcoin, to commence layoffs with investments caught up in FTX crash

In a statement to investors, CEO and Co-founder of African Web3 company Yele Bademosi revealed a significant portion of its stablecoin investment was held in the now-bankrupt crypto exchange, FTX.

Bolu Abiodun

3 months ago

Renewable Energy

592 million Africans do not have electricity, but this company has an AI solution

Africa has the most people living without electricity globally, and the companies building affordable renewable solutions need funding for manufacturing and distribution. Nithio wants to provide the investments, but can it do it alone?

Bolu Abiodun

3 months ago

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