Tage Kene-Okafor

Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion. The round, which marks the Fund’s first investment in an African startup, drew participation from existing investors like Sequoia Capital China, Redpoint China, Source Code Capital, and Softbank […]

African fintech OPay valued at $2B in SoftBank Vision Fund ...

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Several users from Zambia have taken to Twitter informing the general public that WhatsApp has been restricted in the country amidst ongoing general elections today. The president and parliamentary elections culminate in a face-off between current President Edgar Lungu and opposition Hakainde Hichilema. Internet monitoring organization Netblocks further corroborated these reports, adding that multiple internet […]

WhatsApp and other social media platforms restricted in Zambia amidst ...

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The pandemic’s effect on the global app market has not been hard to miss. In the first quarter and first half of this year, consumer spending in mobile apps hit new records at $32 billion and $64.9 billion, respectively. In Africa, it can be tough to call out exact numbers on consumer spending because the […]

Nigeria leads mobile app market growth in Africa as use ...

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In the past couple of years, we’ve seen a growing trend of creators adopting digital and social media, not just as a supplement to their media presence but also as a cornerstone of their personal brand. The pandemic has surely accelerated creator economy trends. Many popular artists and figures have had to postpone concerts and […]

Egypt’s Minly raises $3.6M to connect celebrities and fans through ...

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Today, former President Donald Trump issued a statement supporting the Nigerian government’s decision to suspend Twitter activities in the West African country. “Congratulations to the country of Nigeria, who just banned Twitter because they banned their President,” he said in the statement. The ex-president also encouraged other countries to follow in Nigeria’s footsteps and ban […]

Trump congratulates Nigeria for Twitter ban, says more countries should ...

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Through its Ministry of Information and Culture today, the Nigerian government announced its decision to suspend the activities of social media platform Twitter in the country. The statement, made by Minister of Information and Culture, Lai Mohammed, and signed off by his media aide Segun Adeyemi, could see telecoms in the country prevent Nigerians from […]

Nigeria suspends Twitter operations, says platform ‘undermines its corporate existence’

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Africa is the last frontier for basically anything. Mobile gaming is no exception. For a continent that is home to more than 1 billion millennials and Gen Zers, mobile gaming has never really picked up, despite the continent witnessing rapid economic growth and smartphone adoption. Two issues have proved detrimental to this growth: distribution and […]

Riot Games and Konvoy Ventures back games publisher Carry1st in ...

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