Samsung and Mastercard are officially teaming up on a credit card with a built-in fingerprint scanner. These so-called “biometric cards” will come baked in with a “several key discrete chips” from Samsung’s side, and are planned to be compatible with any point of sale (POS) terminal, or any terminal that…
Author: AdeO
Mobile money service provider, Y’ello Digital Financial Services has announced the expansion of its MoMo Agent cardless cash withdrawal service to over 40 banks and other financial institutions nationwide, providing seamless financial solutions to more people. Initially exclusive to Access Bank, the service has now been extended to include First…
Apple has introduced a new service that’s designed to make it quick and easy for iCloud users to transfer their stored photos and videos to Google Photos. As outlined in an Apple support document, you can go to Apple’s privacy website and sign in to see the “Transfer a copy of your data” option.…
The Founder of the Health Plus Limited (HPL), Mrs. Bukky George, has ordered the Chief Transformation Officer (CTO) of the HPL, Mr. Chidi Okoro and other agents of the Alta Semper, the foreign investor in the HPL, to quit from running the affairs of the company. The quit notice was…
Coca-Cola Nigeria Limited has announced Ayo Awosika and Abiodun Ajiborode as the new Franchise Operations Directors effective March 1, 2021. Ayo Awosika will be resuming as the Franchise Manager for East, North and Central regions of the Nigeria Franchise while Abiodun Ajiborode will take on the role of Franchise Operations…
The Nigerian Government has approved the establishment of dedicated Subscriber Identification Modules (SIM) Swap centres by Mobile Network Operators (MNOs) across the 774 Local Government Areas (LGAs) of Nigeria. This was part of the resolution reached at the Ministerial Task Force meeting on the NIN-SIM registration held at the weekend,…
A new report from the Nigerian Communications Commission (NCC) has revealed that Globacom recorded the biggest percentage increase in data users, thereby contributing mostly to the growth chart in the telecommunications industry in Nigeria in year 2020. This correlates with an earlier report by the National Bureau of Statistics (NBS)…
A federal jury in the United States has ruled that Intel must pay $2.18 billion in damages to VLSI, a semiconductor design firm, for violating two of its patents. Damages for one patent violation weigh in at $1.5 billion, while the other totals $675 million. The broader case is still ongoing,…
The Jumia Tech Week, kicked off today March 1st through 7th, 2021. During the week long sales, Jumia will be providing customers the opportunity to get best deals of up to 70% off on latest tech items such as TV sets, cameras, mobile phones, computers, video games and others. Partnering…
Eight Kenyan enterprises and five startups each from Nigeria and Zimbabwe are among the 25 finalists shortlisted for the $2-million Jua Fund, the largest African venture capital fund by a private individual. Startups from South Africa, Madagascar, Namibia, Ghana, Sierra Leone and Senegal round out the list.The 25 will be…
Following a successful 2020 comprising eight new investments and three international exits, African focused venture capital (VC) investor HAVAÍC has announced the launch of its newest fund. With a track record for investing in, supporting, internationalising, and ultimately exiting, early-stage high growth African technology companies, HAVAÍC’s Universum Core African Fund…
TikTok parent company ByteDance has agreed to a $92 million deal to settle class-action lawsuits alleging that the company illegally collected and used underage TikTok users’ personal data. The proposed settlement would require TikTok to pay out up to $92 million to members of the class and to change some…
Small and Medium Enterprises are the key economic drivers in Nigeria. However, access to funds has been one of the issues affecting growth of this essential sector of the Nigerian Economy. While government and relevant agencies have set up credit facilities to mitigate the finance challenges faced by small businesses,…
Onde, a ride-hailing SaaS company has announced the launch of its business accelerator for aspiring entrepreneurs and existing taxi companies, Onde Ride-Hailing Factory, that will set off in March 2021. The programme will teach the selected startups how to launch and grow a sustainable app-based ride-hailing business. Participation in the…
ImaliPay, an African-based fintech start-up has raised undisclosed pre-seed investment led by the Australian venture capital firm TEN13. Other investors included in the raise are; Finca Ventures, Optimiser Foundation, Mercycorps Ventures, Changecom, and super angels from Norway, Nigeria, UK, and Kenya. The primary aim of the investment is to expand…
Africa’s leading ecommerce platform, Jumia has reported gross profit of €27.9 million, translating to a year-over-year increase of 12% in its 2020 Q4 and full year report released recently. The report by the pan African etailer showed that Gross Profit after Fulfillment Expense reached a record of €8.4m. According to…
Co-creation Hub (CcHub) has announced the closing of the first round of investments for the CcHUB Syndicate. CcHub in a statement said that it invested in 3 technology companies with valuations above $17.5m and are focused on building critical digital infrastructure to be deployed across Africa. Meet the Startups: The…
Diool, a Cameroonian fintech startup, has raised US$3.5 million in funding from the Lundin family and existing investors to scale operations, taking its total secured investment to US$4.6 million. The startup’s platform makes it simpler for small merchants to accept payments from their customers and repay their suppliers, using many…
Termii, a Nigerian multi-marketing platform has raised funding from Future Africa, an early-stage innovation fund founded by Iyinoluwa Aboyeji. Termii is an online platform that helps teams secure repeat customers by sending personalized emails and SMS through multiple channels. Additionally, the startup helps African businesses communicate with customers across SMS,…
MTN Foundation, the social investment vehicle of MTN Nigeria, has donated medical equipment to 12 primary health centres across Nigeria in the fourth phase of its What Can We Do Together (WCWDT) campaign. The initiative allows Nigerians to nominate selected projects they consider of utmost need to their communities. The…