OPay’s valuation climbs to $2.75B despite slowdown in venture funding
OPay's valuation increased to $2.75 billion according to regulatory filings from Opera Limited. Opera Limited's stake in OPay is valued at $258.3 million in 2024, up from $253.3 million in 2023.
Condia Insider: Who’s winning the AI infrastructure race?
SoftBank acquired Ampere Computing for $6.5 billion to strengthen its position in AI hardware. Microsoft is developing its own AI chips and securing long-term GPU supplies to reduce reliance on Nvidia.
Flutterwave Welcomes Court Ruling In Battle With SoftBank-Backed Founder
Kenyan Court of Appeal upheld lower court ruling in Flutterwave vs. Clara Wanjiku Odero case. Court dismissed Odero's appeal, awarding her KES 250 K in damages.
Next Wave: How investor activity changed after 2022
A surge in startup funding in Africa's tech ecosystem in 2021 fueled by foreign capital and a low-interest rate environment. Major investors like Tiger Global and SoftBank pulled back due to rising interest rates and geopolitical tensions.
