Uber Eats, the food delivery business of ride-hailing giant Uber, has acquired South African-owned restaurant technology company orderTalk in what is being billed as a significant exit for Cape Town-based venture capital firm Knife Capital. The deal, the terms of which have not been disclosed, will allow Uber Eats “to streamline…
Author: AdeO
Lidya, the digital financial services platform focused on improving access to credit for micro-, small-, and medium-sized enterprises (MSMEs) in Africa has raised $6.9 million in a Series A investment round led by Omidyar Network. New investors, Alitheia Capital (via the Umunthu Fund), Bamboo Capital Partners, and Tekton Ventures, also joined the round, which included…
ZTE Corp. is estimating losses of at least $3.1 billion from a U.S. technology ban that’s halted major operations as clients pull out of deals and expenses mount. The telecoms gear and smartphone maker, however, is hopeful of striking a deal soon and already has a plan in place —…
Seedstars World has opened applications to tech startups in Sub-Saharan Africa to apply for its 2018 edition. Local winners will be invited to represent their country at the Regional Summit in Africa and win a trip to Switzerland, to pitch their startup to some of the world’s most prominent investors and…
Finland based start-up, HMD Global – the home of Nokia phones, has announced that it has raised additional $100 million from multiple investors to scale business operations and fund the company’s growth in its second year. This round of investment has been led by Geneva-based, Ginko Ventures via Alpha Ginko…
As part of its commitment and ongoing investment in Africa, Facebook today unveiled NG_Hub in Lagos, Nigeria – its first flagship community hub space in Africa, in partnership with CcHub. In a week-long celebration which will bring together developers, start-ups and the wider tech community across Lagos and Nigeria, the…
The Zayed Sustainability Prize is now open to applicants from across the African continent. Having evolved from the Zayed Future Energy Prize, this annual award recognises achievements that are driving impact, innovation, and inspiration in areas across health, food, energy and water sectors with expanding possibilities for a sustainable future. Applicants…
PayPal Holdings Inc. has agreed to acquire iZettle, the leading small business commerce platform in Europe and Latin America, for $2.2 billion to expands in-store presence around the world. The deal according to reports is the largest acquisition in PayPal’s history. The companies said that the deal will strengthen their…
In November, last year, Facebook in partnership with CC Hub, disclosed that it will be opening the doors to its first community Hub space in Africa in the heart of Lagos. The hub tagged NG_Hub from Facebook’ will be a multi-faceted creative space, which will connect and bring together developers,…
Google recently announced that it will end support for its short link service-Goo.gl on March 30, 2019. Since there has been a rat race on who is going to plug the loophole being left by Google. Well, a Nigerian tech startup, Digital Nation has taken the initiative to set up a…
Global biopharmaceutical firm and Viva Technology partner Sanofi has announced the 10 African startups selected as finalists in its Sanofi Afric@Tech initiative. The Sanofi application was opened in February. The finalists are set to pitch their health innovations before a panel at startup conference VivaTech which will be held in Paris between 24 and 26 May.…
The African Innovation Foundation (AIF) has announced the 7th edition of the prestigious Innovation Prize for Africa (IPA) will take place from October 11th – 12th, 2018, at Kigali Convention Center in Rwanda due to its commitment towards building a knowledge-based economy by promoting innovation and entrepreneurship. According to Honorable Jean de Dieu Rurangirwa,…
HTC has revealed plans for a smartphone powered by blockchain. The Android-powered Exodus device will feature a universal wallet and hardware support for all major cryptocurrencies, including the likes of Bitcoin and Ethereum, as well as decentralised apps. There are no details yet on pricing or availability, but the Exodus looks like…
Apple is seeking about US$1 billion from Samsung in another lawsuit resulting from a long-running smartphone patent-infringement dispute. Jurors at the retrial before US District Judge Lucy Koh in San Jose, California, learned at the outset that the South Korean company infringed three of Apple’s design patents and two utility…
Plans are on the way for the Lagos State Government to transform the Sabo Industrial Estate in Yaba into a technology hub. According to the State’s Commissioner for Science and Technology, Mr Hakeem Fahm said: the hub would be ready in 18 months adding that the transformation meant that a…
Uber announced it will soon unveil a feature which will allow riders to rate drivers in during a trip. The ride-hailing company said it is introducing the ability for riders to rate, compliment, tip, and share feedback during their trip. Previously, riders could only rate their driver after their trip. This could…
Seed fund and incubator, MEST has named four Startups as the regional winners of the MEST Africa Challenge which gives applicants the opportunity to contest for a trip to Cape Town to pitch at the finals during the MEST Africa Summit and a chance at up to $50k in equity investment. The…
Lagos, Nigeria, 15 May 2018: Nigeria’s no. 1 online shopping platform, Jumia has unveiled a new campaign to position itself as the online platform with the cheapest merchandise in the country. Tagged ‘Last Price Campaign’, its objective is to offer customers the very best prices on over 1,000 iconic products…
eCommerce and its continuous explosion – thanks to the internet – has forever changed the way we shop for products and services. We have witnessed – in the last 6 years of eCommerce debut in Nigeria – many impactful changes, such as the rise of online marketplaces; the seamless…
Iyinoluwa Aboyeji has been named among the World Economic Forum 2018 Young Global Leaders (YGL), a platform for young innovators and influencers in the world. The World Economic Forum unveiled 100 young leaders in the 2018 Young Global Leaders forum acknowledging their outstanding and unique achievements in their various fields. The…