Tencent Music Reports Better-than-expected Second Quarter Revenue
Tencent Music Entertainment reported better-than-expected revenue for the second quarter thanks to an increase in paying subscribers. The rise in...
Kenya’s Lori Systems Raises Series B Funding From Google And Others To Scale Its Digital Transport Management Solutions
Kenya’s Lori Systems, an e-logistics company offering digital transport management solutions, has raised Series B funding from Big Tech company...
Nigeria’s Pastel, A Bookkeeping And Digital Platform For Merchants, Secures $5.5 Million Seed Funding
Pastel's founders; Abuzar Royesh, Olamide Oladeji, and Izunna Okonkwo Nigeria’s Pastel, formerly known as Sabi Cash, has secured a seed...
Flutterwave Hires 200 Trainees, Increases Workforce By 38 Percent, Amid Controversies In Kenya And Nigeria
Flutterwave's Chief of People and Culture Mansi Babyloni Africa’s most-valued unicorn Flutterwave announced that it has hired 200 trainees under...
Tesla’s Rival Rivian Reports Impressive Second Quarter Results, Now Expects A Wider Loss For The Full Year
Electric vehicle maker Rivian Automotive reported second-quarter revenue that surpassed Wall Street expectations. The EV maker continued to maintain its...
MTN Group’s First Half Earning Surged 46.5 Percent, Receives $35 Million Buyout Offer For Its Afghanistan Business
On Thursday, telecom giant MTN Group announced that its first-half earnings grew 46.5 percent. The company also revealed that it...
Africa’s e-Commerce Unicorn Jumia’s Results Show That The Company Is Past Peak Losses And Ready For Profitability
Africa’s e-commerce titan Jumia announced on Wednesday that it was past peak losses and is ready for profitability. The company...
Disney Plus Reports Higher Subscriber Growth Than Netflix In Q2, Lowers Its 2024 Forecast For Subscriber Growth
Disney’s shares were up more than 6 percent after Wednesday’s closing bell after the company’s streaming numbers proved that the...
Coinbase’s Second Quarter Results Hit By Crypto Market Trouble
Coinbase’s second-quarter earnings results took a hit from the ongoing crypto market troubles as the cryptocurrency firm posted a...
South Africa’s DataProphet Secures $10 Million To Scale Its AI-as-a-service Solution
DataProphet, a startup offering the manufacturing sector AI-as-a-service software to help automate manufacturing processes and tackle inefficiencies in the manufacturing...