News

Mobility fintech company Moove has successfully raised $250 million in a Series C funding round, achieving a valuation of $2.1 billion and officially entering the coveted unicorn club.

Egyptian actor Asser Yassin has added fashion to his growing list of creative ventures with the launch of ASH, a new contemporary menswear label co-founded alongside friends Islam Yassin and Seif Shimy.

IHS Holding Limited shareholders have approved MTN Group’s proposed acquisition of the remaining shares in the tower infrastructure company, clearing a major milestone in the transaction.

Robinhood Venture Fund II (RVII) is expected to become a publicly traded fund on August 13 at an opening price of $25 per share. The fund intends to raise as much as $200 million, Reuters reports, and use that money to invest in startups

Yellow Card, the Africa-founded stablecoin infrastructure company, has closed a $40m strategic funding round backed by Standard Chartered’s venture arm and Sony’s innovation fund, capital it plans to use to extend its dollar-denominated business accounts

Payments infrastructure company Moment has raised $22m in Series A funding, capital it will use to scale its collection and billing platform for enterprise merchants across Africa. The round was led by AlphaCode Venture Partners

Walmart announced on Tuesday that it has completed its acquisition of self-service streaming TV advertising platform Vibe.co. The acquisition, which was announced in June, brings Vibe.co into Walmart Connect, the retailer’s connected TV advertising platform.

Hackers are in the midst of a massive theft of cryptocurrency from supposedly secure offline hardware wallets, according to blockchain security firms monitoring the heists.

he Nigeria Revenue Service (NRS) has directed Virtual Asset Service Providers (VASPs) and peer-to-peer (P2P) escrow operators to make a valid Tax Identification Number (Tax ID) a mandatory requirement

The Series D values the company at a $13 billion post-money valuation. Base Power is installing about 100 batteries per day, according to The Wall Street Journal report, and it hopes to double that by the end of the year

Speaking at the ceremony, Olugbenga Olabiyi, Managing Director of Dimension Data Limited, said the investment reflects the company’s long-term commitment to strengthening Nigeria’s digital economy.