Mastercard has agreed, subject to certain conditions, to become an investor in Jumia and form a strategic partnership to grow e-commerce operations and support the digital transformation of the continent. Currently, e-commerce is nascent in Africa and accounts for less than 1% of total retail volumes. However, there are over…
Author: AdeO
Today, most banks offer online banking, and you can pay your bills, transfer money, and access a record of your checking account transactions, all from your web browser. Banking from the comfort of your sofa makes everything you do with your finances a bit easier. You can access your banking…
Drake, a household name in global music has joined some of Silicon Valley’s biggest Venture Capitalists and angel investors—including Strauss Zelnick and Marissa Mayer—in raising a total of $3 million for Players’ Lounge. “Players’ Lounge is a platform where gamers can play their favourite video games against others for prizes,”…
The importance of mobile phone in marketing is increasing every day as mobile phone penetration continues to increase. One way the mobile phone is helping marketing is the instant notifications also known as “push notification”. These notifications allow a company like Jumia, Nigeria’s no 1 shopping destinations, to send customers…
Coca-cola, Unilever, Nestle and Diageo have launched the Africa Plastics Recycling Alliance (APRA) to intensify plastic recycling in sub-Saharan Africa. This launch took place at the Africa CEO forum in Kigali, Rwanda. According to Ventures Africa, the Alliance covers various plastics and recycling value chains from manufacturing and processing to…
Facebook Dating users can now use the social network to make the love connection in more countries. Facebook on Thursday said it had added Mexico and Argentina to the list of countries where its matchmaking service is offered. The dating service launched in September for users in Colombia, with later expansion to Canada…
The fact is that the odds are stacked against new startups and entrepreneurs. Half of them will shut down within five years because of challenges that they do not have control over. What about the ones they do have control over? How did they manage? These are important questions which…
A team of three University of Lagos (UNILAG) students have won the Hackathon4Justice competition organised by the United Nations Office on Drugs and Crime (UNODC) in partnership with Facebook and AfricaTeenGeeks. The trio of David Popoola, Eyitayo Ogunbiyi and Chukwudumebi Onwuli beat 47 other students from nine institutions shortlisted for…
The application process for the Africa Netpreneur Prize Initiative (ANPI) is officially open to African entrepreneurs from all countries, sectors and age groups. The ANPI is a prize competition founded by the Jack Ma Foundation that will award US$10 million and recognize 100 African entrepreneurs over the next 10 years.…
Uber is buying Middle Eastern rival Careem for $3.1bn in a deal that marks a shift in the US ride-hailing company’s global strategy ahead of its long-awaited blockbuster initial public offering. Uber will pay $1.4bn in cash and $1.7bn in notes that convert to Uber equity at $55 a share,…
Following the success of Diaspora enrolment which kicked off in South Africa early March 2019, the National Identity Management Commission (NIMC) has extended the programme to the United Arab Emirates (UAE) and the United Kingdom (UK). “The extension is in line with NIMC’s mandate to ensure that all Nigerian citizens…
Apple’s March 25 special event is finally here, and we’re expecting it to throw some light on its new video streaming service, magazine subscription service and rumoured new credit card. Here’s everything you need to know before the event. Video Streaming Service Apple appears to be ready to reveal the…
First City Monument Bank (FCMB in partnership with Passion Incubator invites tech startups with innovative solutions to apply and pitch their creative value-added solution on e-Payment/e-Collection (solutions that allow B2C outlets like Restaurants, Associations/Clubs, Schools, Hospitals and Churches collect payments swiftly), and E-Savings (electronic saving solutions that encourage savings and…
Twenty of the most innovative and exciting development-focused startups from Kenya, Nigeria and South Africa have arrived in London today to take part in the first Go Global Africa programme. Go Global is an innovative scheme which supports startups to improve their business skills and capability, build links with the…
Jumia’s hotel and flight marketplace, Jumia Travel, has launched cruise travel to encourage more Nigerians to go on cruise voyages. The launch is also aimed at expanding the company’s offerings to its customers. The exciting news was disclosed by the Managing Director of the company, Miss Omolara Adagunodo in a press…
One Finance Limited (OneFi), a consumer lending platform provider, acquired Amplified Payments Ltd (Amplify), a Lagos, Nigeria-based fintech company that builds and facilitates payment solutions and digital financial transactions for an undisclosed sum. The acquisition will enable OneFi to boost its financial services offering, as the company adds Amplify’s assets, tradements…
Farmcrowdy, Nigeria’s first and leading digital agriculture platform which allows Nigerians to invest in agriculture, today announced that it has closed on additional seed funding of $1 million. This follows on from the company’s initial investments of $1 million in 2017. International investors Cox Enterprises and Techstars, along with local…
One of the best and worst things about Google Chrome is the number of browser extensions you can find in the Chrome store. It’s the best because it gives users almost limitless ways to improve their Chrome experience, but also it’s the worst because you might not know how many…
Thankfully, Nigerians have embraced the use of smartphones and the internet. This is why mobile/smartphone penetration is 84% as more people now have access to the internet. This has prompted Nigerians to capitalise on this increased penetration to combat unemployment headlong. In Nigeria and other parts of Africa, Jumia plays…
It is always exciting to be on Nigerian Twitter because of the activities/banters that take place there notwithstanding whether it is good or bad. This banter to rebuild Hotels.ng is a typical story of the internet never forgets. The #HNGChallenge started after a 2017 tweet was revived. A Twitter user with…