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investmentsA fall in cryptocurrency prices has left traders with nearly $1 billion worth of leveraged positions closed in a single 24-hour period, with Bitcoin and Ether accounting for a large share of the activity.
start-upsChowdeck started in Lagos in 2021 with three motorbikes, three riders and two restaurants. The business has since expanded into Nigeria and Ghana, and the company now reports about 1.2 million orders a month, more than 800,000 active customers and nearly 9,000 vendors.
TechnologyAlgeria has reached an agreement in principle with Roblox to restore access to the gaming platform and train local video game developers, although its chat features will remain disabled until additional safety systems are in place.
start-upsWhen a small business needs another worker, the owner often starts by asking people they know. A cleaner recommends someone, a friend passes on a phone number, or a vacancy goes into a WhatsApp group.
start-upsMinicor, an artificial intelligence startup co-founded by Nigerian software engineer Saheed Akinbile, has raised $3.8 million in seed funding to help businesses connect AI applications to older desktop software that lacks modern integration tools.
artificial-intelligenceMicrosoft is targeting predictive maintenance as a practical entry point for artificial intelligence adoption across Africa’s oil and gas, utilities and mining sectors, with a focus on connecting industrial equipment data to business systems.
fintechSão Payment Global has launched operations in Ghana, positioning the country as its hub for Anglophone West Africa as the fintech expands its digital payments network across the continent.
motoringChery is preparing to build its Grootman double-cab bakkie in South Africa from 2027, adding another Chinese automaker to the local manufacturing conversation.
motoringSouth Africa has another industry body focused on electric vehicles, at a time when carmakers are bringing more electric models to the local market but prices remain too high for many motorists.
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