Author: Elan
Nigerian fintech Paystack has terminated the employment of its Co-founder and chief technology officer, Ezra Olubi, after public allegations that he had sexual relations with a junior employee. Olubi announced the firing in a blog post on Saturday, November 23, 2025, saying that the decision came before the company’s investigation was complete. The controversy began in mid-November when a social media post alleging abusive behaviour by Olubi went viral and prompted users to resurface a series of explicit tweets from earlier in his career. Paystack confirmed that it had suspended Olubi and opened a formal investigation, stating that it had established…
If someone had told Ifeoluwa five years ago that she would not end up practising law, she would have laughed it off, convinced that her future was rooted in legal practice. Meet Ifeoluwa Ogunbufunmi, a millennial female tech leader who transitioned from being a lawyer to a powerhouse in startup strategy & advisory. She has over nine years of experience in operational implementation, strategy design, and tangible value creation in the world’s most dynamic sectors. As an accomplished Nigerian who has been living in the UK for over four years, she has built a track record of driving success in…
The secret to mastering Excel isn’t about knowing the most complex formulas—it’s about choosing the quickest, most efficient tool for each task. Here are five features I use daily to cut down on tedious spreadsheet work, keep my data clean, and—most importantly—save time. Go To Special: Instantly locate content-specific cells Before using this feature, I wasted hours manually searching large datasets for specific cells based on their content, like blanks, formulas, or conditional formats. Go To Special eliminates this manual search, letting me find and select cells instantly. This means I can make deletions, updates, and checks in seconds. To…
Paystack co-founder Ezra Olubi has claimed that the company terminated his employment before completing an investigation into allegations of sexual misconduct involving a subordinate, describing the process as unfair and contrary to Paystack’s internal policies that he helped create. In a blog post published on Sunday, 23 November, Olubi said he was suspended a week before as Paystack initiated what it described as an “independent” investigation into allegations circulating online. He now says he was dismissed “before the supposed investigation was concluded, and without any meeting, hearing, or opportunity to respond to the issues raised.” Olubi said this approach breached…
When AI “hallucinates,” it’s more than just a glitch — it’s a collapse of trust. As generative AI becomes part of more digital products, trust has become the invisible user interface. But trust isn’t mystical. It can be understood, measured, and designed for. Here is a practical guide for designing more trustworthy and ethical AI systems.Misuse and misplaced trust of AI is becoming an unfortunate common event. For example, lawyers trying to leverage the power of generative AI for research submit court filings citing multiple compelling legal precedents. The problem? The AI had confidently, eloquently, and completely fabricated the cases…
Following reports that Kenyan authorities have ordered ride-hailing companies to effect a 50 per cent increase in fares, Bolt, a leading ride-hailing company in the country, has said that it remains committed to balancing the earnings of drivers with affordability for the riders. Senior General Manager of Rides in East Africa, Dimmy Kanyankole, disclosed this in a statement to Technext. Acknowledging the reported price increment as a government recommendation, Kanyankole said the company is actively engaging with all relevant stakeholders, including government authorities, rider and driver representatives, to ensure that its own considerations reflect the collective needs and interests of…
Monrovia — Members of the Liberian Senate have demanded the original signed copies of the offshore oil agreements between the government of Liberia, Atals Oranto Petroleum, and French-based oil giant TotalEnergies. Both offshore agreements are currently awaiting Senate approval and cover four blocks for each company. Senators expressed concern after discovering that the documents presented to them were unsigned and contained various discrepancies. Follow us on WhatsApp | LinkedIn for the latest headlines Maryland County Senator J. Gbleh-bo Brown was particularly vocal, questioning representatives from the government, including the Ministries of Justice, Finance and Development Planning, and Mines and Energy,…
Pilot framework aims to ease cross-border capital flows while retaining jobs and IP locally.A new regulatory initiative designed to unlock international investment for South African startups was unveiled at the SA Venture Capital and Private Equity Association’s (Savca) Venture Capital Conference.The framework introduces a regulatory sandbox to help qualifying startups raise offshore capital while keeping operations and intellectual property (IP) in South Africa.“The sandbox is designed to give startups a faster, legally compliant pathway to structure offshore IP while retaining jobs and headquarters locally,” said Safeera Mayet, Savca’s head of policy and regulatory affairs. The initiative is expected to address…
Isha Doshi, partner at TLG Capital** For the best experience, download the free Africa Private Equity News app Android | iOS **This week, TLG Capital and IDP Foundation executed a $5 million facility to invest in Jackfruit Network, an SME based in Kenya which offers loans to low-cost private schools.The facility brought together TLG, which provided the commercial capital, and IDP Foundation, which provided a Morgan Stanley bank guarantee. In a regional first in transaction structuring, IDP Foundation used the balance sheet of its endowment as a guarantee.“The way that businesses like us scale is through debt,” said Rob Alhadeff,…
Monrovia — Tingbah, who took over as minister on Friday, November 21, assures total reform, outlined under three pillars, efficiency, transparency, and inclusive growth, guided by humanity, will push the modernization of the Liberian mineral sector to a standard. According to him, Liberia’s mineral sector is one of the strongest levers for economic growth and has contributed significantly to the country’s GDP; as such, decisions taken, policies crafted, and a system built will determine how the country transforms natural wealth into human and national development. Tingbah emphasized top priorities, including finalizing and implementing new mineral laws and revising expiration and…