Jason Njoku is the co-founder at IrokoTv, a web platform that provides paid-for Nigerian films on-demand. It is one of Africa’s first mainstream online movie streaming websites, giving instant access to over 5,000 Nollywood film titles. Jason is who you can refer to as a serial entrepreneur. With several failed…
Author: AdeO
Instagram’s co-founders are leaving the popular photo-sharing app, raising questions about the future direction of what has been a growth engine for parent company Facebook. Instagram CEO Kevin Systrom announced in a corporate blog post that he and chief technology officer, Mike Krieger, would step down from the social networking giant…
Apple has completed the acquisition of music discovery app, Shazam. The app allows users to identify the music being played in your surroundings using the phone’s microphone. The app remains a popular utility. It’s been downloaded more than a billion times, has 150 million active users per month, and is still used to…
Different data have confirmed that Nigeria has a huge unemployment challenge. The National Bureau of Statistics (NBS) pegs the unemployment rate at 14.2% to 18.8% in 2017. Although 18.8% may be small in terms of percentage, the raw numbers are staggering. The indices of the NBS revealed that the number…
In this age of smartphones, the most widespread problem people face is of duplicate contacts. Due to apps such as Facebook, Hangout, WhatsApp, Skype, and others duplicate contacts gets accumulated on Android phone. Thus, making connecting with someone from the phonebook cumbersome. This may not be the nastiest problem one…
Ride-hailing companies Uber & Grab has been fined a combined $9.5 million over their merger deal and ordered Uber to sell vehicles from its local leasing business to any rival that makes a reasonable offer. U.S.-based Uber Technologies sold its Southeast Asian business to bigger regional rival Grab in March in exchange…
Amref Health Africa is proud to present the Innovative Six 2018: the six African start-ups that have been selected to join the Innovate for Life Fund this year. The start-ups have been selected out of over 300 applications coming from all over sub-Saharan Africa. The selected ventures are: Baby Grubz from Nigeria, Baobab…
The Central Bank of Nigeria has revoked the operating license of Skye Bank Plc. The Governor of Central Bank, Godwin Emefiele said a bridge bank known as Polaris Bank had been created to assume the assets and liabilities of the defunct bank. Emefiele said the decision to revoke the licence…
Omolara Adagunodo, the Managing Director of Jumia’s hotel and flight services has encouraged Nigerian businesses to engage their customers on social media to gain more traction adding that it will not only increase sales and turnover but also give them free publicity. Omolara stated this during an executive interview anchored…
I read with keen interest a story published by New Telegraph newspaper on Monday, September 17th 2018, with the headline, ‘Tantalizers: Operational Costs, Competition Cut Earnings’. The publication reported the financials of the company which were released a couple of days ago at its 20th Annual General Meeting (AGM). It…
The Meltwater Entrepreneurial School of Technology (MEST) has opened applications for its next one-year, fully-sponsored entrepreneurial training programme in Accra, Ghana. Launched in 2008, MEST is a pan-African training programme, seed fund and incubator for technology entrepreneurs in Africa, providing critical skills training in software development, business and communications. Applications are open until…
Africa’s premier fintech event, the Africa Fintech Summit, will be held for the first time in Lagos, Nigeria, on November 8-9, 2018. This event comes on the heels of the earlier edition in Washington D.C. which featured leading policymakers, c-suite business executives, start-ups, and investors. The Summit, organized by Dedalus…
The African Innovation Foundation has announced its top 10 nominees for its prestigious Innovation Prize for Africa (IPA) 2018 awards. This year’s Call for Applications with its theme “African innovation: Investing in Inclusive Innovation Ecosystems” attracted more than 3 000 applications from 52 African countries. Building on the AIF mandate, submissions this year demonstrate…
Volkswagen is ending production of its Beetle in 2019, closing the door on one of the world’s most iconic car designs. The German company said output would end at its plant in Mexico next July after production of celebration models. The Beetle has its roots in Nazi Germany with the…
“I am now able to keep my overhead very low, and profit margin widened” “Unable to get a job after my youth service, I started an electronics business 4 years ago. Today, the business has grown quadruple” These are firsthand views of some business owners who have experienced the power…
Senegalese fintech startup, Sudpay has been declared as the winner of the 2018 edition of the Seedstars Dakar pitch competition. The Dakar-based startup placed first for its solution Townpay, which enables municipalities to collect more revenue by digitising the collection of local taxes. Tourism enterprise Dakar Lives and on-demand delivery startup Paps came in second and third, respectively…
Again, Apple has no doubt wowed its fans all over the world as it made some amazing announcement at its #AppleEvent held at its Cupertino headquarters in California on 12th September. If you are not wowed, you can complain to Buhari. Apple is no doubt one of the most innovative…
The Social Media Week Lagos 2019 is officially open for business! The event returns to Landmark Centre for its 8th year, February 4th through 8th, 2019. Each year the event looks to improve upon the previous, the goal being to ensure SMW Lagos continues to deliver great programming and experiences.…
French soccer giant Paris Saint-Germain football club (PSG) will launch its own cryptocurrency with a token offering that aims to incentivise its supporters over a blockchain. The development sees a new partnership between top French Ligue 1 club, Paris Saint Germain (PSG) and blockchain company Socios.com which is based in…
Netflix has bought worldwide rights to Nnaji’s comedy which world premiered at the Toronto International Film Festival. This purchase marks the first Netflix original film from Nigeria. Nnaji stars with Nkem Owoh, Pete Edochie, and Onyeka Onwenu. The story follows a daughter who’s forced to work with her feckless uncle…