1+ day, 15+ hour ago  (521+ words) A flagship South African national AI policy has been withdrawn after it was found to contain fake, AI-generated citations. It's a blunder that has undermined the credibility of a document meant to govern the very technology that produced its errors....

1+ day, 17+ hour ago  (332+ words) The Norwegian browser group, Opera, which incubated OPay, has raised the implied valuation of the Nigerian fintech heavyweight to about USD 3. 1 B, according to a securities filing, and assigned an 85% probability to an initial public offering within the next two…...

6+ day, 14+ hour ago  (936+ words) Nigeria's federal government is accelerating its push into venture capital, deploying billions of naira through a series of state-backed funds as Africa's most populous nation seeks to transform itself from a regulator of startups into an active investor in its…...

1+ week, 1+ day ago  (409+ words) Nigeria's Terra Industries, a startup manufacturing autonomous drones, is opening its first overseas factory in Ghana, in a strategic pivot that highlights the startup's determination to scale faster outside its home market rather than wait for local policies to catch…...

1+ week, 6+ day ago  (623+ words) A Ugandan HR specialist with 20 years of experience in the Gulf has built a free tool that could give African workers a clearer picture of how artificial intelligence (AI) might reshape their careers. Kim Kiyingi, who runs'Inspire Ambitions'and is the…...

2+ week, 5+ day ago  (473+ words) The two companies today announced a sub1% nonperforming loan (NPL) ratio on a NGN 21. 3 B (~USD 15. 5 M) credit portfolio, a figure that stands in contrast to industry benchmarks where businesslending NPLs routinely climb past 5% and 10%. The portfolio spans wholesale and retail (39%), professional…...

2+ week, 5+ day ago  (17+ words) A Nigerian Bank's CEO Had His Home & Transactions Exposed'Hacker Says 900, 000 Customers Are Next'Wee Tracker...

2+ week, 5+ day ago  (117+ words) Power Labs, a Nigeria-based energy and climate-tech startup founded in 2023 by Tobechukwu (Tobe) Arize(CEO) and David Adebiyi(CTO), has raised a pre-seed round led by Breega, with participation from Catalyst Fund, Mercy Corps Ventures, and Kaleo Ventures. The funding…...

3+ week, 17+ hour ago  (228+ words) South Africa's pay-TV industry has slipped below a critical threshold, losing nearly a fifth of its audience in just five years. The trend is now bleeding into broadcaster finances. Total broadcasting revenue fell 4. 6% to ZAR 33 B (USD 1. 95 B) in 2024, driven by…...

3+ week, 20+ hour ago  (162+ words) Egypt-based biotech startup Reme-D has raised USD 500 K from Global Innovation Fund to scale its room-temperature stable PCR diagnostic kits across Africa. Founded in 2022 by Salma Tammam, the startup emerged from a Covid-19-era consortium tackling testing shortages. Its freeze-dried,…...