After much backlash and petition against its latest update made in the fall of 2017, Snapchat has backtracked on its decision to redesign its app. Snap has confirmed to Recode that it’s testing a Snapchat change that would put your friends’ Stories in the Discover section alongside all the others, effectively reverting to its…
Author: AdeO
Altaba, the holding company formed to carry the remains of Yahoo after it sold its core business to Verizon, has agreed to pay a $35 million fine to the Securities and Exchange Commission for Yahoo’s failure to quickly inform users about several massive breaches. Hackers stole the data from all…
The French South African Tech Labs (FSAT Labs) has opened applications to its third season. Launched last year, FSAT Labs’ six-month long programme aims to assist tech entrepreneurs to turn their ideas into minimum viable products and, ultimately into sustainable businesses. The incubator and accelerator — which works in partnership with…
Starting a business is one thing but the question of who you are working with to start the business is also very important. Obviously, you cannot do this on your own. You need friends. To help you decide if you and your friend can make it as business partners, take…
Online streaming services like Spotify and Apple Music are taking over the music industry as they now have the single biggest earning source, overtaking physical sales and digital downloads for the first time. The rapid growth in streaming music services in recent years has led to a recovery in the fortunes of…
South African Edtech startup SkillUp Tutors has secured an undisclosed Series A funding from Knife Capital. The EdTech startup connects parents and students to skilled and vetted tutors based on grades, subject, location, and budget. The funding will be applied to accelerate user acquisition of learners and tutors, leverage partnerships with content…
Ecobank, the leading pan-African banking group, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge. Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling-out their solutions across Ecobank’s 33 markets. Ecobank is currently…
President Muhamadu Buhari is known to be media shy. Since he became the President in 2015, he has only had one Presidential media. So, when his convo is not scripted, he is very likely he will speak off-the-curve! Remember when he said his wife belongs to his kitchen. He said…
Kenya’s mSurvey, the mobile-first consumer feedback platform for businesses and consumers in Africa, has received $3.5m investment. The Series funding is led by Africa focused venture firm TLcom Capital with investment from Social Capital, Kapor Capital, Golden Palm, and Richard Owen; founding team of Net Promoter Score (NPS). This follows…
MFS Africa, a leading Pan-African FinTech company, has secured a $4.5m Series B funding round led by LUN Partners Group, a China-based global investment management group. Goodwell Investments, an Amsterdam based investment firm focused on financial inclusion, fintech and inclusive growth, as well as several angel investors completed the round.…
Alibaba joins its rival internet giants Baidu and Tencent – which are collectively known as BAT – in the artificial intelligence-driven industry. The company is looking to hire 50 more self-driving specialists for its AI research lab. It is understood that Alibaba is now running road tests of autonomous cars…
Amazon, McDonald’s and Alibaba have been named the world’s most valuable brands according to the first BrandZ top 75 Retail Brands. It ranked companies around the world by their brand value – which was calculated through a combination of financial data, the opinion of consumers, and Kantar Retail market data. The…
Nigerian-born Temitope Ogunsemo, 33, is the founder of Krystal Digital, a fast-growing educational technology company that specializes in the creation, development and deployment of customized and service-oriented software applications for educational institutions in Nigeria. Founded in 2010 in Lagos, Krystal Digital’s flagship service, MySkool Portal, a web-based application for School Information Management System…
African entrepreneurs have been invited to apply for the Alibaba eFounders Fellowship which will be held at The Alibaba Xixi Campus, Hangzhou, China. From the applications, 40 African start-up entrepreneurs (especially from North Africa, Nigeria, Kenya, Egypt, Morocco, Algeria, Rwanda, Namibia and Uganda) will be selected. About the eFounders Fellowship…
The Boring Company, Elon Musk’s tunnelling startup, has raised $113 million in equity to fund his underground transport tunnel. Among the funding round’s investors is Musk himself, who financed more than 90% or roughly $100 million of the total amount. The amount of the Boring Company’s funding was disclosed in…
Netflix Q1 2018 financial results, has revealed that the streaming video service hit 125 million subscribers in the first quarter of 2018. Netflix’s revenue grew 43% year-over-year in Q1, the fastest pace in the history of its streaming business. This growth was thanks to a 25% increase in average paid streaming…
The Federal Government has commenced the Startup Nigeria programme to build entrepreneurial spirit in youths, and prepare them for self-sustaining activities rather than being job seekers. The Special Assistant to the Vice-President on Innovations and Entrepreneurship, Mr Ife Adebayo, said the programme would involve training of youths in innovation and…
Jumia announced today financial results for its fourth quarter ended December 31, 2017, and for the full year 2017. Jumia, the leading online eCommerce ecosystem in Africa, grew GMV by 64,5% to 197,9 MEUR (+113% in constant currency) in the fourth quarter of 2017, compared with 120,2 MEUR in fourth quarter 2016. Jumia…
Google has unveiled a new app named ‘Google Go’ in Nigeria and 29 other sub-Saharan countries that makes search faster and lighter. According to the global tech giant, the application is designed to solve existing problems faced by 73% of smartphone users who use devices with low memory space and less…
Instagram says that it will soon allow its users to download a copy of all the content they have uploaded on the photo-sharing platform according to a spokesman. The disclosure comes amid global concerns about the privacy of users’ information on social media platforms and the amount of user data…