Kenyan buy-now-pay-later (BNPL) fintech Lipa Later has been placed under administration, marking a dramatic collapse just months after securing $10 million in funding. On March 24, 2025, administrator Joy Vipinchandra Bhatt of Moore JVB Consulting took control of the company’s business and assets, officially placing it under Kenya’s Insolvency Act. Founded in 2018, Lipa Later…

Microsoft and Founderz have introduced AI Skills 4 Women, a new initiative aimed at addressing the gender gap in artificial intelligence by offering free AI training to women across EMEA, including Ukraine. The program is designed to increase female participation in the AI sector, where women currently represent only 22% of professionals, 12% of researchers,…

A new memoir by Sarah Wynn-Williams, former global policy head at Meta, exposes how tech billionaires like Mark Zuckerberg and Elon Musk live in “reality distortion fields”, where unchecked power warps their decision-making. Zuckerberg, who has led Facebook (now Meta) for over 20 years, is described as a monarch in a hoodie, obsessed with global…

Chinese automaker BYD kicked off 2025 with a 58% surge in sales, delivering 986,098 vehicles in Q1, including 416,388 pure EVs. Meanwhile, Tesla’s Q1 sales are projected to be significantly lower, with estimates ranging from 340,000 to 377,000 units. While BYD’s rapid expansion is fueled by cutting-edge tech like smart driving at no extra cost…

Global investors are rushing to Victoria Island and Lekki to tap into Lagos’ booming data center market, projected to reach 80 megawatts (MW) by 2027. Thanks to eight submarine internet cables landing along the coastline, Lagos is poised to become Africa’s second-largest data hub, after Johannesburg. Proximity to these undersea cables ensures faster data transmission,…

The Africa Stablecoin Consortium (ASC) is in early talks with Roqqu and Yellow Card to list cNGN, Nigeria’s first regulatory-approved stablecoin. While the stablecoin has already secured listings on Busha and Quidax, expanding to larger exchanges is crucial for its remittance and cross-border transaction use cases. However, major exchanges remain hesitant, citing low demand, compliance…