The Central Bank of Nigeria has cut its benchmark interest rate to 26.5%, aiming to curb inflation. This move will have varied and gradual impacts on fintech loans and savings apps, with microloan rates unlikely to change immediately while savings returns may slowly decline. The reduction signals a long-term shift towards a cheaper-borrowing environment, though immediate effects are minimal.
Delivery service Glovo is reducing its global workforce by 6.5%, impacting 250 employees in its Barcelona headquarters, ...
ARC Raiders' latest update,
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OpenAI has launched Frontier, a new platform for enterprise AI agents, as COO Brad Lightcap notes slow adoption within complex business processes. The company is experiencing strong revenue growth and is partnering with major consultancies to push enterprise AI. OpenAI is also expanding its presence in India, while addressing concerns about AI's impact on the job market.
Meta has committed to purchasing up to $100 billion in AMD chips over multiple years, a move aimed at diversifying its A...
Anthropic has launched its new enterprise agents program, aiming to integrate agentic AI into workplaces by providing pr...
Meta Platforms is significantly expanding its artificial intelligence capabilities by striking a major deal to purchase ...
Grey has launched Grey Business, a multi-currency payments platform designed to simplify cross-border transactions for African startups and SMEs through USD accounts, stablecoins, and real-time exchange rates.
Meet the African fintech changing the game. Esusu, Nala, and Tala made Forbes’ Fintech 50 list by turning rent into cred...
Nigeria's fintech sector, despite significant growth and over 500 startups, faces major obstacles including regulatory u...
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