Nigerian e-commerce startup, WaraCake has announced it is now active in 23 states and has also launched a new food delivery service – WaraChow. Established in 2015, WaraCake is an online marketplace for independent bakers and confectionery makers, aiming to make it easier for customers to purchase their cakes and have them…
Author: AdeO
Innovation is essential to any company’s success in today’s highly competitive business environment, especially as customers become more demanding and savvy. As a business owner, you should always look for new ways to improve your business. And one way to do or achieve this is via creativity and innovation. If…
The Venture lab at The American University in Cairo (AUC Venture Lab), the leading university-based startup accelerator in Africa and the MENA region, and Temenos (SIX: TEMN), the banking software company, have announced their intention to collaborate and strengthen the fintech ecosystem in Cairo. Temenos will support financial innovation in…
If you are one of the Nigerians who has a negative perception that nothing good comes out of this country, you better have a rethink! Why? This is because Nigerian teen girls have claimed the top position at the 2018 Technovation World Pitch Summit, the world’s largest tech entrepreneurship program in…
Ed-tech startup Elham Inspire has emerged winner of the Libyan leg of the Seedstars World competition. Seedstars Libya saw seven startups invited to present their companies in front of the local jury panel. Elham Inspire, which provides an educational environment that enhances the character of teens and raises their competency using…
Nigeria fintech startups, Wallet.ng and SecaPay have been named among the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups. Both startups made the finals along with 9 others. An Innovation Fair & Awards ceremony will honour the start-ups on August 30,…
Snap Inc has secured a $250 million investment from Saudi Prince Al-Waleed to help it survive its financial woes. Talal tweeted a video of him and Snap CEO Evan Spiegel, noting that he’s invested $250 million in exchange for a 2.3 per cent stake in Snap Inc. The investment raises questions about what say the…
The Legatum Center for Development and Entrepreneurship at the Massachusetts Institute of Technology (MIT), in collaboration with the Mastercard Foundation, today announced the finalists of the 2018 edition of the Zambezi Prize for Innovation in Financial Inclusion. The prestigious competition, awarding a total of $200,000 in prizes, was established in 2015 to discover Africa’s most…
The government of Singapore, through Enterprise Singapore, has invited the chief executive officer of Jumia Nigeria, Mrs Juliet Anammah to join other respected business leaders across Africa and Asia to lead discussions around the digital economy, business financing, and consumerism. Enterprise Singapore is the country’s agency vested with the responsibility…
Huawei Consumer Business Group shipped more than 95 million smartphone units in the first half of 2018. According to International Data Corporation (IDC), Huawei overtook Apple to become the world’s second-largest smartphone seller behind Samsung, the first time in seven years that any contender has managed to split the top…
Zimbabwe’s Zonful Energy – an off-grid solar startup – has secured a strategic investment from Persistent Energy Capital. The secured funding will go towards scaling up the startup’s operations while also building out its technology. Zonful Energy was launched in 2014 by William Ponela and has so far sold more…
Honeywell Group has launched an accelerator and investment vehicle called Itanna led by Tomi Otudeko, Head, Innovation and Sustainability for Honeywell Group. Itanna will roll out four-month innovation programmes for tech-enabled Nigerian startups from its newly built enterprise factory in Lagos, with its pilot cohort of startups receiving US$25,000 each in investment from…
Facebook and Instagram say that with the new tools will “give people more control over the time they spend on our platforms and also foster conversations between parents and teens about the online habits that are right for them”. Facebook and Instagram have announced new tools which will show the…
Being an entrepreneur is not just a title. You cannot simply have a sterling idea and wake up one morning to establish a company, firm or startup. You are simply setting yourself up for failure. If you want your business to survive, you need some basic skills as an entrepreneur…
Microsoft through the Airband Grant Fund has announced eight early-stage companies selected for its third annual grant funding round, which it said were overcoming barriers to provide affordable internet access to unconnected and underserved communities using TV white spaces and other promising last-mile access technologies. Among the eight startups, Nigerian solar-powered…
The Lagos State Government has announced the commencement of a Yaba ICT cluster project – KITE@Yaba – to provide an enabling environment that will facilitate and support the development of a technology cluster and ecosystem within the Yaba District of Lagos. One year after the Lagos tech community got together…
The winners of the Clean Energy Innovation Challenge have been selected after a rigorous selection process at the Co-Creation Hub HQ in Yaba, Lagos. The Clean Energy Innovation Challenge, with the aim of unearthing and supporting renewable energy innovators in Nigeria, awarded start-up capital to four early-stage energy companies, namely…
For any business to survive in China, they have to do the biddings of the government. If not you will be forced or stifled to either completely pulled out of the country or sell their stake to an indigenous Chinese competitor whom the government is vigorously promoting. A good example…
Social Lender, a lending solution based on social reputation on mobile, online and social community platforms, today announced that it has advanced to the semifinalist round of the 2018 VentureClash competition. VentureClash, managed by Connecticut Innovations, is a $5 million global venture challenge for early-stage companies in digital health, financial…
The Nigeria Communications Commission has released the figures of internet users in the country for June and it decreased to 102,805,122 million from the 103,152,726 million recorded in May. The data showed a decrease in 347,604 subscribers in the country. NCC said Airtel gained more internet subscribers during the month…