An Instagram influencer, Jay Mazini has been sentenced to seven years imprisonment in New York for defrauding a network of Muslim followers to the tune of $8 million. The crime happened during the COVID-19 pandemic according to an AP report. According to court reports, 28-year-old Jay Mazini whose real name is Jebara Igbara, pleaded guilty to fraud charges. He admitted that he created a Ponzi scheme that involved cryptocurrency fraud, raking in around $8 million.  Jay Mazini admitted to exploiting the economic chaos of the COVID-19 pandemic to leverage connections in the Muslim commu ..read more

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The Philippines Security and Exchange Commission has ordered the removal of the Binance app from Google and Apple stores for users in the Philippines. According to the country’s regulator, the order has been necessitated by security threats to investors and the need to protect the local economy. This move comes shortly after the SEC and the National Telecommunications Commission (NTC) blocked access to Binance websites on March 25. According to a release from the Philipines SEC today, the companies received separate letters on April 19 regarding removing the apps in the local marketplaces ..read more

IZI Rwanda, a pioneer in e-mobility, announces the delivery of five electric buses to Kigali. These buses, which will be trialled in the fleets of Kigali Bus Services (KBS) and other local operators, initiate a pilot project aimed at the electrification of public transport in Kigali for a fraction of previous cost estimates.  Kigali’s population has grown 50% since 2013, while the number of operational buses has decreased significantly. This decline is largely attributed to rising diesel costs and capped ticket prices, which in many cases drive a requirement for 80% occupancy just to cove ..read more

These days, the demand for high-quality audio accessories that can keep up with our dynamic lifestyles is ever-growing. Infinix is setting new standards with its innovative range of accessories. From the immersive audio experience provided by its earbuds to the smart functionality of its wearable tech, Infinix is your go-to for cutting-edge accessories. Infinix offers three distinct models of earbuds, each designed to cater to different preferences and needs: Similar: Infinix announces extended software support for NOTE 40 and NOTE 40 5G models Infinix Buds NC: The Infinix Buds NC is designed ..read more

South African cable TV company, MultiChoice Group has announced the exit of its chairman, Imtiaz Patel from the role with immediate effect. This just weeks after announcing that he would stay on to oversee a possible deal with French media group, Groupe Canal+. According to a local report, the move is coming amid concerns about corporate governance at the broadcaster, which is the subject of a takeover bid by France’s Canal+. Mr Patel will be replaced by Elias Masilela with immediate effect. He would, however, remain involved as a consultant to MultiChoice until October 2028 as per ..read more

When it was announced that 3-year-old fintech startup, Thepeer was shutting down, it seemed like any other news. However, serious allegations have emerged following the closure announcement by the founders of the company.  A shareholder who spoke with Technext, under the condition of anonymity, has claimed that the founders have questions to answer about discrepancies between the company’s fundraising and its final financial state. According to the shareholder, a shortfall was observed when comparing the total funds raised and the remaining balance in March 2024. Some investors raise ..read more

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Nigerian mobility financing company, Moove has been named among the top 10 financial technology companies that raised the most funding in the first quarter of 2024. This was revealed in a report by tech startup analytics company, CB Insights in its Q1 2024 State of Fintech Report. While the vehicle financing company didn’t come close to having the highest fintech fund raised globally for the quarter, its $100 million funding back in March was impressive enough to contribute 1.4 per cent of the total global fintech funding raised between January and March 2024.  It also placed the company ..read more