The founders of Alibaba Jack Ma and Joe Tsai, has invested $20 million into the women’s clothing rental business Rent the Runway through their investment fund-Blue Pool Capital. According to reports, Rent the Runway, with the new funds is now valued at a little less than $800 million. Rent the…
Author: AdeO
The momentum continues. The movie, Black Panther seems unstoppable as it is still shattering movie records. The Marvel political thriller has earned more than $1 billion at the global box office. Written by Ryan Coogler, it is the 33rd movie to gross $1 billion. It’s the 16th Disney film to reach this milestone,…
Applications for the Anzisha Prize 2018 has been launched. Africa’s most innovative social and business entrepreneurs under the age of 22 are encouraged as they have the opportunity to win a share of US$100,000, connect to a global network of leaders, and receive business consulting support. The Anzisha Prize program is a…
Owing to the rate of unemployment in the country, the Federal Government of Nigeria has announced that it will establish a Digital Job Centre in Akwa Ibom. The information was revealed by the Director General, National Information Technology Agency (NITDA), Dr. Isa Pantami at the 9th edition of Startup event…
Amazon CEO Jeff Bezos has become the first person to amass over $100 billion in Forbes magazine’s annual ranking of the world richest men. As such he has displaced Bill Gates to become the world richest man. Microsoft’s Gates, who has been the richest person in the world for 18 of the past…
BlackBerry has slammed a lawsuit Facebook, WhatsApp, and Instagram over patent infringements related to its BlackBerry Messenger platform. According to reports, BlackBerry said Facebook and its subsidiaries copied technology and features from BlackBerry Messenger. The lawsuit claims that Facebook “created mobile messaging applications that coopt BlackBerry’s innovations, using a number of the innovative security, user interface,…
Uber Freight is finally launching its autonomous truck deliveries, with the first hauls driven in tandem with both human drivers and self-driving trucks being completed in Arizona. Uber loads the freight on a human-driven truck, which collects the load from the shipper and then does a short haul run to…
South African startup HiCarByeCar has received an undisclosed capital injection to expand its reach. HiCarByeCar, a car sales platform that gives potential sellers the opportunity to receive the best offers from dealerships in their city, within 48 hours. Users list the details and variables of their car and upload photographs. HiCarByeCar…
Twelve African startups that have developed solutions to improve financial health for consumers and businesses have been selected by venture capital firm Village Capital for its Village Capital Fintech Africa 2018 programme. The 12 selected startups, which are all based in Kenya, Uganda and Nigeria, were selected from an applicant pool of 165 applicants. Village…
Facebook has apologised for asking users if they think it’s OK for a male paedophile to request sexual pictures from a 14-year-old girl. The shocking question was asked in a survey sent to users about how the company should respond to certain behaviour. This is the full question as it appeared…
In most cases, when Wi-Fi slows down, so does your entire life. Your email and browsers stop loading. Your streaming movies freeze and everything buffers at the same time, ruining the momentum of your routine. There are plenty of reasons your Wi-Fi keeps slowing down. Here are ways to boost…
The new lifestyle smartphones will exceed customers’ expectations in terms of design, camera and performance. Xiaomi has concluded plans to unveil four of its latest smartphone devices – Redmi Note 5a, Redmi Note 5a Prime, Redmi 5 and Redmi 5 plus in Nigeria and exclusively on Jumia Nigeria website on…
Data from web technology survey firm W3Techs has revealed that 30% of websites are now powered by WordPress. This represents a 5% point increase in nearly two and a half year after WordPress hit the 25 percent mark in November 2015. It’s worth noting here that this figure relates to the entire Web,…
Over the years, there has been a steady decline in reading culture in Nigeria. It is a huge problem that needs an urgent solution to arrest the trend. One solution that has come on board is Panacea which is a book rental solution that provides an opportunity for customers to rent…
The competition to make self-driving cars a reality among technology companies is hitting up. One of the biggest car companies in the world Toyota recognises this fact and it is taking practical steps to expand its pursuit of self-driving cars by starting a new company called Toyota Research Institute-Advanced Development, or TRI-AD.…
Applications for the second cohort for Cape Town-based edtech incubator Injini has now opened. Injini is looking for eight edtech innovations from across the continent to participate in Injini’s five-month incubation programme. The second cohort is set to run from July until December and interested innovators have until 3 April to apply.…
Twitter says it’s rolling out a new feature called “Bookmarks” to make it easier to save or bookmark tweets that you want to return to in the future. Essentially, this would be helpful for articles, features, or videos that you stumble upon but don’t have the time to immediately go through them.…
Google has introduced a new feature that allows job seekers to find employment opportunities. The company said job seekers in South Africa, Kenya and Nigeria would be able to use the new job search experience to easily find opportunities tailored to their job needs. Job seekers will be able the…
Music streaming service, Spotify has announced its plan to go public. The company will begin trading on the New York Stock Exchange under the ticker name SPOT. According to the company, shares have traded as high as $132.50 on private markets, which would give the company a valuation of over…
The GSMA announced that Huawei was selected as the winner of the GSMA’s “Outstanding Contribution to the Mobile Industry Award” for 2018. This prestigious award recognises individuals, companies and organisations that have contributed in significant ways to the development of the mobile industry and the advancement of mobile communications. T…