Sam Bankman-Fried has been arrested by the Bahamian authorities Monday evening. Oddly enough, this comes after a day he agreed to testify before the U.S House Financial Services Committee in connection to the collapse of FTX and Alameda which...
FESCO is partnering with Lynk in a deal that will allow customers to make mobile payments through Lynk’s platform. This partnership is a win-win for both sides, as FESCO is looking to give customers a digital experience that is...
Senior Meta officials quickly denied the rumor that has been circulating online of the possible resignation of Meta’s long-standing CEO Mark Zuckerberg. These rumors seem plausible that they started from a specific source that was shared around Twitter.
It came...
Micro-finance company Dolla Financial Services has raised over $1 billion in a new round of funding in order to further accelerate the company’s overall business.
This latest bond offer comes approximately 6 months after the company went on the JSE....
Beginnings
OpenAI has made the headlines again and this time for a valid reason. They have created a language model that is probably going to have a big societal impact going forward.
Language models are machine learning systems that were...
MFS Capital Partners Limited (MFS), the private equity firm that was formed prior to the acquisition of Stocks and Securities Limited Ventures has made a major move to acquire 100% of Micro Financing Solutions.
The acquisition of Micro Financing...
iCreate is currently in the process of working on a bold move to convert its current debt to equity with an overall transaction value worth $600 million. This ambitious move at the moment clearly pushes the boundaries from a...
Evergo Jamaica is investing in Mexico-based E-DRIVE which is a company that is building the infrastructure for the electric future. This infrastructure is mainly in the form of providing electric gas stations throughout the Caribbean and Latin America.
Additionally, Evergo...
BlockFi filed for financial protection on Monday in New Jersey, following a swirl of rumors that it got hit by the FTX contagion.
BlockFi's chapter 11 had been expected for quite a while; however, in a definite 41-page recording, BlockFi...
Regency Petroleum Company Limited (RPL) had a successful IPO which saw the firm looking to raise $287.16 million where $170.70 comes from the public market and RPL key partners. It was a success as it was oversubscribed and ended...
