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AI-generated insights in Africa Tech news, powered by OpenAI.

IT News Africa - Feb 20, 2025
How to bootstrap: Infobipโ€™s journey from startup to unicorn without raising funds
Infobip releases a documentary showcasing its growth from startup to billion-dollar valuation. The documentary is distributed in collaboration with CBS News.
Techpoint Africa - Feb 19, 2025
Nigeria sues Binance for $81.5bn, 30% over the exchange's valuation
Nigeria's FIRS has filed a lawsuit against Binance for $81.5 billion, including $79.5 billion for economic losses and $2 billion in back taxes. The lawsuit alleges that Binance operated without proper registration and failed to comply with Nigerian tax laws.
TechCabal - Feb 19, 2025
Exclusive: Vendease cuts 120 jobs in second round of layoffs
Vendease has implemented its second round of layoffs in five months, impacting 120 employees. The layoffs represent 44% of the company's staff as part of a restructuring effort.
Techpoint Africa - Feb 19, 2025
After stepping down as CEO, Leatherback founder resurfaces with rival fintech startup
Ibrahim Ibitade launched Prune Payments, a competitor to his former company Leatherback. Ibitade stepped down from Leatherback to focus on family but returned to the startup scene.
TechCrunch - Feb 19, 2025
Kuda and CEO face allegations of sex discrimination and unfair dismissal from former executive, per filing
Rosemary Hewat filed a complaint against Kuda Technologies and CEO Babatunde Ogundeyi for sex discrimination and wrongful dismissal. Hewat claims she was forced out of her position after experiencing prolonged mistreatment and exclusion from critical strategy discussions.