News

Meta fined $220 million by Nigerian government over abusive and invasive data practices

FCCPC made the announcement today via its X account, sharing that the commission’s findings were released after a 38-month investigation between May 2021 and December 2023.

Logistics startup Logidoo secures $50,000 in grant funding

African logistics startup Logidoo has recently secured a $50,000 grant fund to promote AI solutions in the African market

World's biggest power project in DRC to be revived by group of development finance institutions

Development finance institutions plan to revive the biggest electricity generation project in the world, located in Congo.

Crypto exchange, OKX announces plans to exit Nigeria market.

Cryptocurrency exchange OKX has announced its plans to exit the Nigerian sector because of unfavourable regulatory conditions in the country.

TerraPay secures $95 million debt to finance low-cost remittance transactions across Africa

TerraPay, has recently raised $95 million in debt financing to contribute to lowering remittance costs, improving reliability and faster transactions

d.light raises $176 Million debt to provide off-grid solar power in East Africa

d.light, has recently closed a new $176 million securitization deal to support affordable solar solutions for low-income households in Kenya, Tanzania, and Uganda.

Nigerian government plans to develop a web app to train more farmers

The Nigerian Federal Government intends to facilitate a web app to address the shortage of extension workers and better train farmers.