Innoson Vehicles Manufacturing Co. Ltd has debunked the viral report on its acceptance of Zugacoin for the purchase of vehicles under the Innoson Group. The vehicle manufacturer made this known in a statement posted on its twitter handle, noting that there was never an agreement with the founder of Zugacoin, Archbishop Sam Zuga. Recall…
Author: AdeO
Leading digital fintech enablement provider, Ukheshe Technologies, together with Infobip, a global cloud communications platform that enables businesses to build connected customer experiences across all stages of the customer journey at scale, have developed South Africa’s very first WhatsApp payment gateway for use by Telkom, one of the country’s largest mobile operators. In addition…
It is often said that the COVID-19 virus has brought irreversible change in working practices and lifestyle, and that the main beneficiaries are the likes of Alphabet, Apple and Facebook as well as mobile network operators (MNOs). This has been corroborated in Nigeria’s national accounts, where we see that the…
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have imposed a new charge for mobile banking services in the country, in a bid to end a row between banks and telecoms operators. From today, March 16, mobile phone users using their devices for mobile banking will be charged…
Nigeria Inter-Bank Settlement System Plc (NIBSS) and Central Bank of Nigeria (CBN) have announced the launch of the New Quick Response (NQR) payment solution; an innovative payment platform implemented on behalf of all financial service providers. The NQR code solution offers a robust platform that delivers instant value for P2B…
Bolt has launched the #Drive4WITech initiative. #Drive4WITech is a paid internship programme for young women who choose to challenge the status quo and jumpstart a technology industry career. The month-long programme, which aims to bridge the gap for women and create more opportunities for gender inclusion in the technology sector,…
The Catalyst Fund Inclusive Digital Commerce Accelerator, managed by BFA Global, in partnership with the Mastercard Foundation COVID-19 Recovery and Resilience Program and the Meltwater Entrepreneurial School of Technology (MEST), today announced the first cohort of digital commerce companies to be scaled, with the goal of improving the livelihoods of informal MSEs in…
AURA, South Africa’s leading security and medical response platform, has announced its imminent expansion into Kenya which will be led by its new General Manager, Hilary Itela. Partnering with KK Security, owned by GardaWorld, Aura will offer its emergency and medical response services in Nairobi and Mombasa. Warren Myers, CEO, AURA says that…
It was reported recently that Nigerian banks and other financial institutions were owing telecommunications companies N42 billion for USSD. For the intervention of the Federal Government, the telcos have concluded plans to suspend USSD services. The FG gave the directive through the Minister of Communications and Digital Economy, Dr. Isa…
Union Bank has introduced a digital platform designed named M36 to deliver a wide range of investment products directly to individuals. The bank said in a statement that the platform will redefine digital investing in Nigeria. Through an innovative user-friendly app, it stated, M36 offered investment options not typically available…
Egypt-based restaurant engagement platform Koinz has raised $4.8 million in a seed round. The round was led by Justin Mateen, the founder and former CMO of leading global dating app Tinder (who is joining Koinz board as a result of the transaction). He has been actively investing in early-stage companies…
Global fintech infrastructure platform, Nium, has announced its clients are now able to send funds to their business partners located in Ghana, Kenya, South Africa, and Tanzania. Customers of Nium are also able to extend this service to their own consumers. “Traditionally, businesses, fintechs and even consumers looking to send cross-border payments into Africa encountered long transfer times, multiple…
Google-owned YouTube has announced that it would start to deduct taxes from payments to creators outside of the US. In an email to YouTubers, the tech giant said that additional tax is going to be levied on them (outside the US) by as early as June 2021. “Over the next…
As part of its strategic focus on energy access and clean energy for Nigerians, Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF), the first listed infrastructure debt fund in Nigeria and Africa, has announced the successful financial close for the construction of 22 mini-grids being developed by Havenhill Synergy Limited…
Microsoft and non-profit social enterprise, Tech4Dev have partnered on an initiative to train girls and women across Africa in coding and deep tech skills, aiming to bridge the digital and technology divide and ensure equal access to opportunities across the continent. The Women Techsters initiative, which is aimed at girls…
Online shopping has redefined the way we make purchases with shopping and payment done through the internet. In most cases, the only time the customer has human interface is with the delivery agent when packages are delivered. However, a lot of manpower and activities go behind the scene to ensure…
Ten Nigerian startups have been chosen to participate within the iNOVO accelerator, which affords coaching and mentorship to disruptive options to challenges arising from the COVID-19 pandemic. The iNOVO accelerator programme is an initiative of the UK-Nigeria Tech Hub in partnership with Ventures Platform and Startupbootcamp AfriTech. It is focused on startups…
The Central Bank of Nigeria (CBN) has unveiled a ‘Naira 4 Dollar Scheme’ for diaspora remittances, which offers recipients of diaspora remittances through CBN’s IMTOs to be paid N5 for every $1 received as remittance inflow. The scheme takes effect from Monday, March 8, 2021, and ends on Saturday, May…
Google has announced a range of programs as well as grants worth $25 million to fund works of nonprofits and social enterprises that are committed to empower women and girls. The effort, unveiled on Internet Women’s Day, is aimed at addressing systemic barriers so that women get access to economic…
The Board of Directors of Appzone Group, sub-Saharan Africa’s leading FinTech company, is pleased to announce the appointment of Efosa Aiyevbomwan and Omonuwa Olulano as Group Chief Marketing Officer and Group Chief Human Resources Officer, respectively. The announcement comes as Appzone ramps up activities across Africa. With over 160 professionals and…