Twiga Foods, the Kenyan business-to-business food supply platform has raised a Series A funding round including $6.3mil in equity and $4m in debt instruments. This round of investment was led by Wamda Capital and includes Omidyar Network, DOB Equity, Uqalo, 1776, Blue Haven Initiative, Alpha Mundi, and AHL. The investment will enable Twiga…
Author: AdeO
Jumia Market, one of the e-commerce websites in the Jumia ecosystem has allegedly been shut down by Jumia. This comes a few months after it officially rebranded to Jumia from African Internet Group. The rebranding meant that the hotel booking platform formerly known as Jovago rebrands to Jumia Travel, the food delivery company…
Reddit has announced it wants to redesign to look more like Facebook after raising $200 million in new venture funding. The news aggregation and discussion site is now worth $1.8 billion after receiving funding from investment firms Andreessen Horowitz and Sequoia Capital, as well as Fidelity Investments, Y Combinator President Sam…
Samsung is now the world largest chipmaker. A title which has been held for 24-years by Intel. The South Korean firm evicted Intel from the top spot by posting a revenue total of $15 billion, and an operating profit of $7.1 billion for this quarter, a huge change from the…
GE in partnership with Santa Clara University’s Miller Center for Social Entrepreneurship has announced names of the 14 African startups that will participate in the second cohort of the Healthymagination Mother and Child Programme to continue to accelerate health innovations in Africa. The 14 organizations were selected after a tough screening process.…
Yesterday, I was opportune to request an Uber. Within 10 to 15 minutes, the Uber driver arrived and off we went to Ogba from Yaba, in Lagos, Nigeria. While in the car, I was wondering why so many people are against Uber and other ride hailing services that have transformed and…
Diamond Bank has appointed Mrs Juliet Anammah, the CEO of Jumia Nigeria, along with Mrs Aisha Muhammed Oyebode and Mr Dele Babade, as Non-Executive Directors. The approval of the Central Bank of Nigeria (CBN) for these appointments have been granted. Mrs Juliet Anammah holds a degree in B. Pharm from…
There is no doubt that one of the most engaging Twitter handles on Nigerian Twitter is that of the @officialEFCC. The account is popular for being interactive, engaging and educative. It made the Economic and Financial Crimes Commission digitally known. As such, there has been fierce debate about the nature…
Amazon has acquired Graphiq Inc., a data visualisation and search engine startup, to improve its Alexa Virtual Assistant and other services. According to reports, the deal is estimated to be valued at $50 million. Amazon and Graphiq declined to comment. Graphiq, based in Santa Barbara, Calif., which was known as FindTheBest until it rebranded itself…
Two African startups namely South Africa’s Libryo and Ghana’s Farmerline are among the 30 startups that have been selected to feature in the Switzerland-based multi-corporate, zero-equity Kickstart Accelerator. Libryo enables any person working in any organisation to understand their legal obligations in any situation. While Farmerline connects small-scale farmers in Africa to information…
China has partially blocked the popular messaging service WhatsApp which may have been prompted by a major leadership reshuffle in the country later this year. Users of the app reported that they could not send photo, video and voice messages but text messages were not affected. This is similar to when…
Application for Seedstars World has moved to Kampala, Uganda and it is seeking 10 Ugandan startups to pitch at the Kampala-based edition of the contest, with the winner representing Uganda at the global finals in Switzerland. The winner of each local event from different parts of the world are…
In a decision that may encourage Uber drivers in other countries to approach courts, the South African Commission for Conciliation, Mediation, and Arbitration (CCMA) ruled Uber drivers in the country were not independent contractors but are full-time employees. As a result, this means that these drivers will be given the full protection…
The brand name Etisalat does not exist anymore in Nigeria. It is now to be called 9Mobile according to reports. This is in response to the three weeks timeline given to it to drop the Etisalat brand name by Mubadala Group, its major investor from the United Arab Emirates which pulled…
Etisalat came into Nigeria, saw and everyone is now wondering if it is going to conquer. The crises of Nigeria’s 4th largest mobile telco started when it deferred on its N541.8 billion loan from a consortium of banks. Even its investor from Abu Dhabi divested from the telco and gave…
Phone freaks who have been waiting for the arrival of the Galaxy Note 8 need not wait any longer as a date has been announced for the release and launch of the smartphone according to reports. We must emphasise that if the reports are true, it will be launched on August 23 and will…
Twitter has appointed Ned Segal as its new Chief Financial Officer (CFO). The social networking site made this announcement in a statement by CEO Jack Dorsey. He said: “He brings a principled, engaging and rigorous approach to the CFO role, with a track record of driving profitable growth.” Dorsey added that…
The emotional music video for Wiz Khalifa’s “See You Again” featuring Charlie Puth, has become the most-viewed YouTube video ever. The video, which is a tribute to late Fast & Furious’s actor Paul Walker, currently has more than 2,895,915,000 views. This puts it ahead of Psy’s 2012 song Gangnam Style which…
Twitter has announced new advanced filters that allow users to mute notifications on accounts that don’t follow you. Interestingly, Twitter now has six filters in all, and you can enable as many or as few of them as you choose. In a statement, Twitter said there is “nothing to share yet…
Ride-hailing transportation service and Uber rival, Lyft, has announced that it’s now offering over 1 million rides per day according to a blog post. The blog post which highlighted the performance of Lyft showed that it is now available to nearly 80 percent of the US population. Quoting the post:…