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When a young startup slashes nearly half its workforce, it’s not just a staffing update; it is a statement. Nigerian cryptocurrency company Zap Africa has cut 44% of its staff, reducing its team from 18 employees to 10, as part of what it describes as an AI-led restructuring. The message from leadership is clear: automation isn’t coming; it is already here.
In one of the most jaw-dropping moves in tech history, Anthropic, the company behind the Claude AI models, has raised a staggering $30 billion in a Series G funding round and, with it, cemented a $380 billion valuation. Yes, thirty billion with a "B", at a valuation that pushes Anthropic into the rarefied air next to the world’s largest privately held tech companies.
On Monday, something unusual happened. Just… one blog post. And by the end of the trading day, shares of IBM had plunged 13.2%, their steepest single-day drop since October 18, 2000. What triggered it?
For millions of Nigerians, healthcare doesn’t begin in a hospital. It begins in living rooms… in busy markets… at the neighbourhood pharmacy… or even inside a late-night WhatsApp chat with someone who “knows someone” that might have experienced the same symptoms. That’s the reality.
A quiet revolution is unfolding inside Nigeria’s banking halls. Not the kind with dramatic announcements or overnight overhauls. But the kind that slowly rewires how decisions are made, how risks are assessed, and how customers are served.
What if we told you that one of the most accurate AI tools for handling spreadsheets in the entire world… was built in Nigeria? Not by a billion-dollar tech giant. But by a three-person startup team working quietly behind the scenes.
For years, Chams Holding Company Plc has been one of those companies quietly working behind the scenes. You probably didn’t see them in flashy startup headlines. You didn’t hear about them raising millions every quarter. But chances are?
Something interesting is quietly happening in East Africa… and it might change how governments use AI across the continent. This week, the Government of Rwanda signed a three-year Memorandum of Understanding with Anthropic, the AI company behind Claude, to integrate artificial intelligence directly into its education system, healthcare services, and public sector operations.
For the longest time, if you said “venture capital in Africa", one word would immediately follow: fintech. Payments. Lending. Digital banks. Mobile money. That’s where most of the money has gone, and honestly, for good reason.
In 2016, Selar wasn’t a startup with a grand master plan to dominate Africa’s creator economy. It was just an idea. No pitch deck. No market thesis. No “this is how we’ll win” roadmap. Just one simple belief from founder Douglas Kendyson: People don’t just want to consume content sometimes; they want to support the people who create it.
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