News

On NDIC's disbursement of ₦650 bn to 2.3 million insured Heritage Bank depositors

The Nigeria Deposit Insurance Corporation (NDIC) has begun paying out the trapped funds of depositors at the now-defunct Heritage Bank. On June 3, 2024, the Central Bank of Nigeria revoked the banking licence of Heritage Bank PLC (Heritage Bank) for contravening Section 12 (1) of the BOFIA 2020 constituting a

Zimbabwe plans to install floating solar panels in Africa's largest man-made dam

The Zimbabwean government plans to install solar panels on Kariba Dam, to address energy shortages

Nvidia surpassed Microsoft as the world's most valuable company

Nvidia has surpassed Microsoft to become the world's most valuable public company, with a market cap of over $3 trillion.

Polish drone maker plans to set up drone factory in Kenya

Polish drone maker Farada Groups has plans to set up a drone factory in Korza Technopolis, Kenya

Ampersand and BYD clutch to rev up Africa's e-bike production

The broader context of this partnership is the urgent need to de-carbonise transport systems in the continent

Africa Data Centres secures over $109 Million to expand operations

Africa Data Centres Plans to Increase Capacity in South Africa After Securing Over $109 Million in Funding.

Lagos state govt injects ₦1 billion for startup funding and innovation research

₦1 billion in funding marks an astronomical increase in allocation to the initiative based on previous precedents.