Baillie Gifford Exits Jumia, Selling Entire Stake After Six Years
Jumia Technologies AG has officially lost its largest institutional investor, Baillie Gifford, which has sold 100% of its shares, marking the end of a six-year investment in the African e-commerce platform. This follows previous exits by major backers like Rocket Internet and MTN Group.
MTN Launches 2025 Y’ello Care to Bridge Digital Gaps in Underserved Communities
MTN Launches 2025 Y’ello Care to Bridge Digital Gaps in Underserved Communities
China’s DeepSeek Releases Updated R1 Reasoning Model, Rivaling OpenAI
Chinese AI startup DeepSeek has quietly released an updated version of its R1 reasoning model, named R1-0528, on the developer platform Hugging Face, intensifying competition with U.S. tech giants like OpenAI and Google. Although the company has not yet issued an official public statement, the update is already making waves across the global artificial intelligence community.
Gold Prices Fall Amid High-Risk Appetite as Calls Grow for Naira-Backed Gold
Global gold prices dropped on Wednesday as investor appetite for risk surged following a key U.S. federal court ruling on trade tariffs imposed by former President Donald Trump. This shift away from safe-haven assets has reignited conversations around backing the Nigerian naira with gold reserves, as experts urge the Central Bank of Nigeria (CBN) to stabilize the local currency through gold-based monetary policy.
Tesla Tests Driverless Model Y Cars in Austin, Targets June 2025 Delivery – Elon Musk
Tesla is currently testing driverless Model Y vehicles in Austin and is on track to deliver its first fully autonomous unit by June 2025, according to CEO Elon Musk. The announcement has intensified anticipation for the company’s long-awaited robotaxi launch.
Nigeria May Not Fully Meet WAEC CBT Infrastructure Needs by November 2025 – Education Minister Alausa
The federal government has acknowledged that Nigeria is unlikely to fully meet the infrastructure requirements for conducting compute
