Chinelo Ezeobi 
Meta, the parent company of popular social media platforms like Facebook and Instagram, is making a significant move by launching a web app for Threads, its Twitter competitor. This new web app will enable users to post, interact with posts, and access their feeds, enhancing their experience beyond the mobile app. Web App Rollout and … Read more
Nigeria’s money supply, measured by M2, witnessed a substantial rise to N64.9 trillion in July 2023, up from N64.3 trillion in June. This surge represents a notable increase from the N55.5 trillion recorded in May, amounting to a substantial N9.4 trillion growth. These figures, recently released by the Central Bank of Nigeria as part of … Read more
In a move aimed at bolstering national security, the Somali Government has recently declared a ban on popular social media platform TikTok, messaging app Telegram, and online betting site 1xBet. The government’s assertion is that these platforms have been exploited by “terrorist” groups for propagating their ideologies. Cutting Off Access: The Ban and Its Implications … Read more
The Standard Bank Group has announced robust financial results for the first half of 2023 (1H23), marked by a 35% increase in headline earnings to R21.2 billion. The company’s return on equity (ROE) also improved to 18.9%. These positive outcomes are attributed to the group’s differentiated franchise and its strategic focus on Africa. Key Highlights … Read more
The Nigeria Deposit Insurance Corporation (NDIC) has announced its intention to conduct investigations into the directors of 183 banks whose licenses were recently revoked. The Managing Director of NDIC, Mr. Bello Hassan, shared this information during a capacity-building workshop for law enforcement agencies in Lagos. NDIC plans to collaborate with the Economic and Financial Crimes … Read more
The Ghana Police Service (GPS) has taken a significant step towards enhancing road safety and enforcing road traffic regulations with the introduction of an advanced automated system named Traffictech-GH. This digital platform aims to ensure strict adherence to road traffic laws through the use of cutting-edge cameras and sensors that identify drivers who violate these … Read more
The Ghana Statistical Service’s 2022 Trade Vulnerability Report has shed light on significant trends in the country’s trade dynamics. Here are the key findings: Exports and Imports Concentration Major Export and Import Commodities Principal Export Products Key Imports Categories Trade Relations Significance and Implications Professor Samuel Kobina Annim, the Government Statistician, emphasized that the data … Read more
Legal practitioner Mr Maxwell Opara has filed a defamation lawsuit seeking N10 billion in damages against Twitter, now known as ‘X’, and the Department of State Services (DSS) in Nigeria. The lawsuit, filed at the FCT High Court, names Twitter Nigeria Limited, the Director-General of the DSS, the State Security Service, and the Attorney-General of … Read more
The Ugandan government has unveiled plans for a widespread implementation of digital number plates, slated for October. The primary focus initially will be on public education and awareness campaigns to underscore the significance of this service in bolstering road safety and security. Initial Timeline and Delayed Supply Originally scheduled for a launch on July 1, … Read more
Treepz, a burgeoning car-sharing marketplace startup, has taken a significant step forward by appointing four accomplished individuals to its board. This move signals the pivotal role the board will play in shaping the company’s strategic trajectory and ensuring alignment with its core mission: optimizing the utilization of Africa’s vast fleet of 26 million vehicles within … Read more