Author: AdeO

Electricity generation solution, Vehicle Energy Harvesting System (VEHS) has won the South African leg of the Chivas Venture IV competition. The startup is owned by Clement Mokoenene. A judging panel consisting of Lucas Radebe, Unathi Msengana and Stafford Masie selected VEHS ahead of four other social entrepreneurs. The winner will now attend…

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Since Jack Dorsey et al founded social networking platform, Twitter, in 2006; they have always posted losses. The trend lowered investor confidence in Twitter and this probably prompted it to make some daring changes. One of such recent changes is doubling the number of tweets. However, the good news today…

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Pharmaceutical firm Sanofi is calling for entries to the Afric@Tech start-ups challenge targeted at entrepreneurs in the medical and healthcare sectors in Africa. The challenge is aimed at identifying and rewarding the best startups in their goal of boosting practices in the health sector on the continent. Commenting on the challenge, Thibault Crosnier Leconte, the country chairman and…

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The Nigerian Communications Commission (NCC) has announced that Nigeria’s vibrant telecommunications sector ended last year with 145 million active subscribers, after losing 10 million customers. This is a 7% drop in the number of subscribers. This is even as some 40 million populace, which resides in about 205 communities across…

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Ten Nigerian startups have been named among the semifinalist for The GIST Tech-I Competition 2018. The Global Innovation through Science and Technology (GIST) initiative empowers young innovators through networking, skills building, mentoring, and access to financing to develop startup solutions that address economic and development challenges. It is the brainchild…

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E-commerce giant, Alibaba along with Beijing Cultural Investment have bought a total of 12.8% stake in Wanda Film Holding Co Ltd for $1.2b. According to reports, Alibaba is to pay 4.68 billion yuan for a 7.66 percent stake while Beijing Cultural Investment Holdings, controlled by the Beijing government, will pay 3.12…

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Lee Jae-yong, the heir to South Korea’s Samsung, has been freed from jail after an appeals court reduced and suspended his sentence for bribery and corruption. In an unexpected decision, the Seoul High Court significantly reduced the lower court’s ruling and rejected most bribery charges pressed against Lee by prosecutors who…

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Nigerian startup, Peachwater has won the energy startup of the Year Africa 2018 award at a ceremony in Casablanca, Morocco. Peachwater developed Powerstove-which is an ultra-clean cook stove that burns 70% less biomass, saves lives, generate electricity, improve livelihoods, empower women, and preserve the environment. The award is organised by Startup.Info magazine in support of African innovation. More than 600 startups from 52…

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Nairobi-based edtech startup, M-Shule, recently emerged runner-up at the 2017 Global Edtech Startup Awards (GESA) held in London. M-Shule was one of the 15 finalists that took part in the final event from different parts of the globe. In this exclusive and revealing interview, Claire Mongeau talks about M-Shule, her experiences at GESA and as a…

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The tech giant, Samsung Electronics is now the world biggest chipmaker by revenue as it usurped the position from Intel. Intel has held the number 1 spot since 1992. Samsung reported 2017 chip sales of $69 billion to Intel’s $63 billion from last year. The shows that Samsung is gradually…

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Ride-hailing firm and Uber rival, Taxify and food delivery company, OrderIn have announced that they are entering into a partnership in South Africa. The deal will “significantly expand the reach and offering of both companies”, they said in a joint statement. “The partnership will offer incentives to customers and additional…

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There have been so many reports that Apple will stop production of the iPhone X  because of lacklustre sales. However, these reports have now be said to be untrue. The latest report states that the iPhone X will continue its production run until at least 2019. It added that Apple…

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Singer Simi has been unveiled as the brand ambassador of Opera Mini in Nigeria. Reacting to the deal the talented singer said: “I’m delighted to be working with such an exciting brand as Opera, helping them introduce Opera News to Nigeria and reminding everyone how awesome Opera Mini is. I had a…

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Nairobi-based e-learning startup M-Shule has emerged runner-up at the 2017 Global Edtech Startup Awards (GESA) held in London. M-Shule was one of 15 finalists that took part in the final event which saw Japanese startup Arcterus being declared winner and Indian platform MentorMind took third place. Commenting on the fit, M-Shule CEO and founder, Claire Mongeau said: “We were…

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