Netflix has announced that it is slashing its monthly subscription rates by up to 60 percent in India, as it looks to attract more viewers amid growing competition in the over-the-top (OTT) media service space in the country. Users will now pay ₹149 ($1.96) a month from ₹199 ($2.62) earlier for the…
Author: AdeO
Mastercard and Jumia, Africa’s leading e-commerce platform, has partnered on a Black Friday promotion to enable Mastercard cardholders to support the forest restoration projects of the Priceless Planet Coalition, generating a total donation of 25,000 trees. The Coalition aims to reinforce a restoration model that’s not only focused on planting…
Opibus and Uber announced a strategic partnership to scale the use of electric motorcycles in Africa. Uber’s platform offers services across the continent and will enable Opibus to accelerate the mass adoption of electric vehicles across the continent. The goal of the collaboration with Opibus is to simplify the deployment of…
Bolt riders in Nigeria are set to pay more for fares as the ride-hailing firm has introduced an additional 3 percent booking fee. In a service update sent to customers recently, the company said the booking fee was necessary due to an “increase in operating costs”. With this, for every ride of N3,000,…
Zwarttech, the Netherlands-based tech startup that bridges the opportunity gap by connecting the top 1% senior IT Experts from Africa with businesses in the West on a full or hybrid remote basis, has today announced that it is changing its name to Zarttech to strengthen its service offerings and consolidate its market…
SendChamp, a Marketing Communications As a Service startup, has announced that it has raised $100,000 in funding to bridge the communications gap between businesses and customers in Africa. The angel round had participation from local angel syndicates like DFS Lab, Hustler Capital, HoaQ Club & Velocity Digital, and angel investors which include Prosper Otemuyiwa,…
Financial Times and Seedstars have announced the startup finalists for FTxSDG Challenge for a chance to win $500K in funding among other prizes. Winners will be announced through a live broadcast on December 17, 1 PM CET. The FTxSDG Challenge was launched to find impact-driven entrepreneurs and ventures creating innovative solutions from over 90…
Ramshackle primary and secondary schools, low-quality teachers, ill-equipped libraries, and laboratories dominate the education system in Nigeria today. Unfortunately, successive Nigerian governments have not helped the debilitating situation as budgetary allocations to education continue to fluctuate. For example, President Muhammadu Buhari budgeted ₦1.29 trillion for education out of ₦16.39 trillion…
GetEquity, a Nigerian technology startup redefining the venture capital and startup financing landscape, has announced the launch of Dealroom — a suite of products that enables individuals, startups, VCs, and other investors to manage their capital raises and investments on an accessible virtual platform. Dealroom complements GetEquity’s previously launched startup funding platform…
Kwara, a Kenyan fintech that is helping SACCOs, to become modern digital banks, has raised $4 million in seed funding to build a neobank app. The investment round was led by Breega VC firm, with participation of SoftBank Vision Fund Emerge, Finca Ventures, New General Market Partners, Globivest and Do…
uLesson, the Nigerian education technology company, announced that it has secured a $15 million Series-B investment from Nielsen Ventures and Tencent, as well as existing investors, Owl Ventures, TLcom Capital, and Founder Collective. This is the largest investment in an African Edtech company. The same edtech startup secured $7.5 million…
CinetPay, a digital finance platform that enables merchants in Francophone Africa to seamlessly accept and make payments, has announced a $2.4 million seed fundraising round from 4DX Ventures and Flutterwave. The investment will boost CinetPay’s sales and marketing efforts across nine markets in West and Central Africa. Since its 2016…
Approximately 2-5% of the world’s GDP is laundered every year, which amounts to approximately $800 billion to $2 trillion, according to research by the United Nations. As a business, every time you establish a relationship with another business, you are opening your company up to the risk of criminals using…
Samsung, the global tech giant, has announced that it would combine its mobile and consumer electronics units under a pair of new co-chief executive officers, who will replace the three-headed leadership structure it previously used, according to a Reuters report. Accordingly, Samsung will double down on its focus on chips…
Africa Blockchain Lab has announced it has received a $6 million pre-series-A investment to drive the mass adoption of digital assets in Africa. The round will be used to fund the launch of its crypto wallet VIBRA. The pre-series-A round was co-led by a consortium of global investors, including African…
HealthPlus, Nigeria’s first integrative pharmacy, has launched West Africa’s first-ever ePharmacy and digital prescription platform. This means that Nigerians located anywhere in the country and indeed anywhere in the world can get a prescription from a certified pharmacist and have the medicines delivered promptly. This game-changing application will facilitate the…
The CEO of real estate firm, better.com, Vishal Garg has fired about 900 employees who were asked to attend a Zoom call recently. But rather than offering a holiday message to workers, delivered a 3-minutes talk to attendees informing them that they were “terminated effectively immediately.” Videos of the Zoom…
Deji Alli ARM Young Talent Award (DAAYTA) is an ARM initiative in partnership with TechnoVision’s TVC Labs that aims at providing young Nigerians with an opportunity to develop innovative start-up ventures that add economic value to Nigeria. The DAAYTA 2022 initiative is in line with ARM’s commitment to Corporate Social…
MYDAWA, a Kenyan e-pharmacy startup, has received a US$1.2 million grant from the Bill and Melinda Gates Foundation to expand access to Pre-Exposure Prophylaxis (PrEP) treatments through its e-pharmacy approach, aiding Kenya’s HIV/AIDS fight. Due to the stigma associated with HIV and the public nature of the existing onboarding approach,…
Shamba Pride, a Kenyan agritech startup, has raised a $1.1 million funding round led by Seedstars Africa Ventures and Gray Matters Capital‘s coLABS. The funding is aimed at supporting Shamba Pride’s national expansion and roll-out of its digital solution to over 1,000 digitalized shops. This will allow the company to empower hundreds of…