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AI-generated insights in Africa Tech news. Aggregated from external sources.

IT News Africa - Jun 23, 2025
Qore Group Appoints Fintech Powerhouse Michael Hoodfar as COO
Michael Hoodfar has been appointed as the new COO of Qore Technologies Group. He brings nearly 20 years of experience in financial services and technology.
TechCrunch - Jun 20, 2025
After raising $38M, African e-commerce startup Sabi lays off 20%, pivots to traceable exports
Sabi laid off around 20% of its workforce, approximately 50 employees, as part of a restructuring effort. The company is pivoting from a retail-focused platform to a growing business in commodity exports.
TechCabal - Jun 19, 2025
Sabi cuts staff as it narrows its focus to commodities’ trade
Sabi laid off roughly 50 staff members, about 20% of its workforce, in a restructuring effort. The company is pivoting to focus on its TRACE platform for tracking minerals and agricultural goods.
TechCabal - Jun 11, 2025
MTN Uganda to spin off mobile money unit into a standalone fintech
MTN Uganda announced plans to spin off its mobile money business into a standalone fintech company. The restructuring will transfer MTN Mobile Money Uganda to a new entity owned by MTN Group Fintech Holdings B.V.
Bendada.com - Jun 09, 2025
Binance’s former crime compliance lead steps down after detention in Nigeria
Tigran Gambaryan announced his resignation from Binance on June 6, 2024. He built and led Binance’s first global investigations function, expanding it to over 100 professionals.