Giwa Appointed As Head Of JumiaPay

Former Group Head of Verve Digital and New Business at Interswitch group, Damola Giwa has been appointed by Jumia as the head of JumiaPay, the digital payment and fintech platform of the company. Giwa, an expert in the digital payment and fintech space, who was responsible for Verve digitalization, innovation, and new business strategy across Africa will now lead JumiaPay Nigeria to better positioning.

US Digital Giant Equinix Acquires Nigeria’s MainOne For $320M

US digital infrastructure company, Equinix, has announced that it is acquiring MainOne, a West African data centre and connectivity solutions provider with a presence in Nigeria, Ghana and the Ivory Coast, for $320 million. The acquisition is expected to close in Q1 of 2022, subject to the “satisfaction of customary closing conditions including the requisite regulatory approvals.”

Elon Musk Sells Tesla Stock Worth $5bn Days After Twitter Poll

The Chief Executive of Tesla Inc., Elon Musk disclosed on Wednesday that he had sold Tesla shares worth about $5bn, partly to cover his tax obligations. According to filings with the Securities and Exchange Commission in the United States of America, Musk has sold about 4.5 million Tesla shares between Monday and Wednesday. However, the 50-year-old stills own about 17 percent of Tesla shares worth about $180 billion.

MTN, Mafab Communications Win Bid For 5G Spectrum Technology

The Nigerian Communications Commission (NCC) auctioned the two available slots of the 3.5 gigahertz band spectrum for the deployment of fifth-generation (5G) network in the country on Monday. The live auction which was held at Transcorp Hotel, Abuja saw MTN Nigeria and Mafab Communications Ltd emerge as winners in the keenly contested auction. Bidding started at $199.37 million and after eight hours and eleven rounds of bidding, the auction for 5G technology ended at $273.6m for each of the two available slots.

Twitter CEO, Jack Dorsey Steps Down

Twitter chief executive Jack Dorsey has disclosed his intention in stepping down from the social media service. Parag Agrawal, Twitter’s chief technology officer (CTO), will take over the helm, the company said Monday. 

Microsoft Acquires Two Hat, A Content Moderation Tech Company That Keeps Xbox Unsullied

Microsoft on Friday said it has acquired Two Hat, a content moderation company whose technology is already being used to week out persecution and harassment in Xbox, Minecraft and MSN online communities. Dave McCarthy, vice president of Xbox product services, in a blog post said, “For the past few years, Microsoft and Two Hat have partnered together to implement proactive moderation technology into gaming and non-gaming experiences to detect and remove harmful content before it ever teaches members of our communities.” The acquisition is intended to improve Microsoft’s first-party content moderation in gaming, and even outspread to the company’s consumer services. Microsoft has great plans for consumer services, after hiring a former Uber exec to lead a new consumer apps effort earlier this year.