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Microsoft warns Africa risks becoming AI consumer

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Tony Elumelu’s Heirs Holdings stake in Seplat crosses $1bn

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EFCC charges two over alleged unlawful supply of FCMB

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IBM launches power-efficient Power11 chips to simplify AI use
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IBM exits Nigeria, key African markets, transfers operations to MIBB

The American technology giant, IBM has announced its exit from Nigeria, Ghana, and other key African markets, transferring its regional operations to MIBB, a subsidiary of the multinational IT conglomerate Midis Group. The transition, set to take effect on April 1, 2025, marks a significant shift in IBM’s African strategy as it implements a new […]

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Africa50 plans off-grid power, green infrastructure funds

Africa50, a pan-African infrastructure investment platform, is launching the first continent-wide investment vehicle focused on off-grid power companies. The initiative plans to create a $500 million fund to support climate-friendly projects across Africa, according to Bloomberg. Backed by shareholders including the African Development Bank and Morocco’s central bank, the effort aligns with regional governments’ goals […]

Google to pay $30m to settle YouTube children’s privacy lawsuit
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Ex-Google engineer charged with stealing AI technology for China

United States prosecutors revealed Tuesday that a former Google software engineer stole artificial intelligence technology from the company. A federal grand jury indicted 38-year-old Linwei Ding, also known as Leon Ding, on seven counts of economic espionage and seven counts of theft of trade secrets. Google hired Ding as a software engineer in 2019. From […]

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Nissan exits historic deal with Honda

Nissan Motor Co. is backing out of its agreement with Honda Motor Co. to merge the two brands and enhance global competitiveness, according to a report by Nikkei on Wednesday. The Japanese automakers had been in talks to create a partnership where Honda would absorb Nissan, with plans to combine both brands under a single […]

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US suspends inbound packages from China, Hong Kong

The United States Postal Service announced on Tuesday that it is temporarily halting all inbound packages from China and Hong Kong. This suspension, effective immediately, will remain in place “until further notice,” according to CNBC. However, letters and large envelopes (referred to as “flats”) sent from China and Hong Kong will not be impacted, according […]

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FG plans 500% increase in broadband investments – Minister

The Federal Government plans to boost broadband investments by 300 to 500 percent through a new initiative aimed at accelerating internet connectivity nationwide, according to the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani. The initiative, called the National Broadband Alliance for Nigeria, will act as a collaborative platform, uniting public institutions, telecom operators, […]

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Experts offer guidance to SMEs on effective tax documentation

Experts have emphasized the importance for small and medium-scale enterprises to carefully manage their documentation and agreements in order to avoid unnecessary tax liabilities. This advice was shared during the first edition of the United Bank for Africa Knowledge Series webinar, titled “2024 Withholding Tax Regulations: Specific Emphasis on How They Affect SMEs,” held in […]

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Kenya Airways apologises to NCAA over passenger mistreatment

Kenya Airways has issued an apology to the Nigerian Civil Aviation Authority over the mistreatment of Nigerian passenger Gloria Omisore and for issuing a misleading statement regarding the incident. The apology came after a meeting between the airline’s management and NCAA officials in Abuja on Tuesday. This was disclosed by the NCAA’s Director of Consumer […]

Only 5% have over N500,000 in their bank accounts — Wale Edun
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FG to Issue N758bn bonds to settle pension arrears

The Federal Government has announced plans to issue bonds worth N758bn to settle accumulated pension debts. This includes arrears under the old Defined Benefit Scheme prior to the introduction of the Contributory Pension Scheme in 2004, according to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who spoke to journalists on […]

NCC launches National Broadband Alliance to expand internet access
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NCC launches National Broadband Alliance to expand internet access

The Nigerian Communications Commission has officially introduced the National Broadband Alliance for Nigeria, a policy initiative aimed at expanding internet access across the country. The program focuses on key sectors such as schools, healthcare facilities, religious centers, and markets, establishing a sustainable model for widespread broadband adoption. NBAN aligns with Nigeria’s National Broadband Plan (2020-2025) […]

Bento lays off entire tech team amid salary dispute
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Bento lays off entire tech team amid salary dispute

Payroll management company Bento abruptly dismissed its 10-person tech team on Friday following a protest over delayed salaries, TechCabal reported. The layoffs came just one week after the company was accused of failing to remit millions of naira in taxes and pensions and allegedly forging tax receipts for Lagos State customers. Founder and CEO Ebun […]

Amazon cuts jobs in books division amid broader efficiency push
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Temu, Amazon face price hikes as US closes loophole

Prices on platforms like Shein, Temu, and Amazon are expected to rise for American shoppers after U.S. President Donald Trump recently closed a trade loophole. This loophole had allowed low-value packages (under $800) to be shipped from China duty-free, according to Reuters. Shein, the fast-fashion retailer, and Temu, the online dollar-store, have both seen rapid […]

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