US-Based Sultan Ventures Expands into Middle East and Africa after Buying Out Egypt’s Acasia Group
US-based venture capital firm Sultan Ventures has acquired Egypt's Acasia Group, in a move that will expand its reach into Africa and the Middle East, in tandem with its plans to expand its global footprint.
Lontor Launches Advanced Residential Energy Storage System in Nigeria
Lontor Nigeria unveils its advanced Residential Energy Storage System (RESS) to minimize energy costs for Nigerians. The solar-based product can cut Nigerians’ energy costs by about 80 percent.
China Vows to Work with Africa on Nuclear Tech, Satellites and Space
President Xi Jinping said during a summit in Beijing on Thursday that China would work with Africa on nuclear technology and space exploration while stating that "no country should be left behind" on the path to modernization. The president announced this during his opening ceremony speech at the recently concluded
Elon Musk’s Starlink Jolts Kenyan Internet Market with Aggressive Pricing
Starlink might be the latest kid on the block in Kenya’s Internet Service provision industry after less than two years since entering the space. But its recent aggressive pricing strategy has jolted the market as the Musk-owned company woos with cheaper bargains and better speeds.
Wasoko and MaxAB Complete Africa’s Largest Tech Merger Ever
Wasoko and MaxAB have completed a historic $230 million deal representing Africa's largest tech merger ever. The new merger links over 450,000 B2B informal retailers under a new umbrella, with a 65-million consumer base across Kenya, Tanzania, Rwanda, Egypt, and Morocco.
Angola Cables Smashes Traffic Record; Climbs to World’s Top 25 Networks
Angola Cables network smashes record peak of 18448 Tbs as the company now ranks 24th globally, according to CAIDA data.
Federal Judge Rules Google Violated Antitrust Laws With Search Engine Monopoly
A federal judge has ruled that Google violated antitrust laws by monopolizing the search and search advertising markets. The decision is a major win for the DOJ and could impact Google’s business practices significantly. In a landmark decision, US District Court Judge Amit P. Mehta has ruled that Google LLC
Gauteng Launches e-Panic Button App to Enhance Safety and Emergency Response
Gauteng’s new e-Panic Button app aims to improve safety and emergency response with features for reporting crime, medical emergencies, and quick police dispatch. Learn more about how it works! The Gauteng province has officially launched its e-Panic Button app, following a trial phase that began in May 2023. Contrary to
Meta Discontinues Celebrity AI Chatbots to Shift Focus to New AI Studio
Meta has ended its celebrity AI chatbots to prioritize AI Studio, a new tool for creating personalized AI characters. Learn more about this strategic shift! Meta has recently decided to shut down its celebrity AI chatbots, which were initially introduced as a major feature at its Connect event last September.
LinkedIn Settles Advertisers’ Lawsuit for $6.625 Million Over Alleged Ad Overcharges
LinkedIn has agreed to pay $6.625 million to settle a lawsuit alleging it inflated video ad metrics, leading to overcharges for advertisers. The settlement, which requires court approval, also involves hiring an outside auditor to review ad metrics for two years. Learn more about this case and its implications for