In a positive move for the South African fintech landscape, Spot Money has launched the country’s first Open Banking offering. The move follows the 2020 acquisition of the Virgin Money South Africa business by a leading South African private equity firm, in partnership with the local executive management team. Central…
Author: AdeO
Jumia has commenced its first sales festival of the year, the Jumia Global Festival, which runs from January 25th to 31st, 2021 with exciting offers at mouthwatering discounts. The virtual festival is live on the Jumia App and website, it promises to be an explosion of fun-shopping, filled with great…
Opera, the browser developer, and consumer internet brand has announced its acquisition of YoYo Games, creator of the world’s leading 2D game engine, GameMaker Studio 2, for approximately $10 million. The tuck-in acquisition represents the second building block in the foundation of Opera Gaming, a new division within Opera with global ambitions…
Innovex, a Uganda-based startup enabling pay-as-you-go and remote monitoring for solar companies, closed a Series Seed Round with an equity investment from Gaia Impact Fund. Innovex is a technology company with hardware and software development teams offering a service 100% made in Africa. The company was founded in 2016 by…
MTN Nigeria has commenced partnership with global social networking giant, Facebook to deliver digital marketing training to SMEs under the MTN’s first accelerator programme, Y’ello 200. The accelerator programme is a culmination of The Revv Programme, an initiative by MTN launched in August last year, to mitigate the effects of COVID-19…
Glo drove the growth in Nigeria’s telecommunications industry in the third quarter of 2020, according to data released by the National Bureau of Statistics (NBS). The data showed that the sector grew substantially in the quarter propelled by data subscriptions which rose by 23 percent year on year to stand…
Mastercard today announced that it is applying the latest quantum-resistant technologies to develop the next generation of contactless payments. The new Enhanced Contactless (Ecos) specifications are an industry-first and will help ensure that as our dynamic digital landscape evolves, and new technologies like quantum computing are introduced, contactless technology is future-proofed to ensure…
As authorities put measures in place to prevent the rapid spread of covid-19 in the light of the second wave of the pandemic emanating from mutation variants of the dreaded virus, Jumia Nigeria CEO, Massimiliano Spalazzi has highlighted the services of eCommerce platforms as one of the measures to help…
Autochek, a Nigerian automotive startup that has announced its expansion into Ghana’s capital, Accra. This move is to support the delivery of technology in one of the continent’s advanced auto markets. Having acquired Checki Ghana in 2020, Autochek will be merging technology and data to create a single marketplace for car loans, car repairs and car sales in…
Fitbit, the global brand in wearable technology, is now available in Nigeria on Africa’s leading eCommerce platform, Jumia in partnership with Redington Gulf. Fitbit devices and services help people lead healthier, more active lives and this has never been more important than it is today. By empowering users with data,…
Nigeria’s leading tech-enabled automotive trading platform, Cars45, and last-mile delivery service provider, Gokada, have announced a partnership to provide Lagosians with more options to get their parcels delivered across the state at a cheaper price within the same day. This is in furtherance of Cars45’s mantra which is to build…
MTN Nigeria has selected 200 Micro, Small, and Medium Enterprises (MSMEs) across Nigeria to benefit from an accelerator programme, Y’ello 200, in continuation of The Revv Programme. The initiative was launched to address the critical needs of MSMEs as well as to reduce the effects of COVID-19 on their businesses.…
Beijing-based ByteDance recently launched its own third-party payment service for Douyin, the Chinese version of its hit short video app TikTok, as it presses to expand into the e-commerce business in China. “The set-up of Douyin Pay is to supplement the existing major payment options, and to ultimately enhance user…
Microsoft has joined in a$2 billion investment in Cruise, the self-driving car company mostly owned by GM. The investment puts Cruise’s total value at $30 billion, Cruise and Microsoft said. Microsoft joins Honda, already a major investor and partner in Cruise, and various institutional investors in the $2 billion total equity investment.…
The Nigerian Communications Commission (NCC) has disclosed that 47.8 million National identification Numbers (NINs) have been received from telecommunications companies to enable subscribers to link their NIN with their SIM cards. This was contained in a statement signed by the director of public affairs, NCC, Dr. Ikechukwu Adinde. Recall that the…
Jumia Food has expanded its food delivery service to five additional states in Nigeria as the company seeks to further drive the growth of online food and beverage delivery in the Nigerian market. The new tier-2 cities on the Jumia Food map are Minna, Benin City, Kaduna, Abeokuta, Kano, and…
After global backlash and a mass exodus of users to Signal and Telegram, WhatsApp has said that it is delaying the rollout of its controversial privacy policy by three months. Instead of applying the new privacy policy on February 8, the chat app will now apply it on May 15.…
AXA Mansard, a member of AXA, says winners have emerged in its just-concluded data science week 2020 Hackathon event. In a statement titled ‘Insurer announces winners of data science Hackathon challenge week’, it said the event, supported by Zindi Africa, is a private challenge event on data analytics opened to…
As part of its commitment to ensuring access to affordable broadband connectivity in Africa’s underserved populations, Tizeti West Africa’s pioneer solar-based internet service provider is rolling out its 4G LTE network in Edo State, with monthly fixed broadband costs pegged at four thousand Naira ($8). With this move, millions of…
The last four weeks has been that of uplift in fortune for holders of Jumia stock, and the development is rightfully drawing the attention of stock-inclined minds: Fruitful yuletide: The stock sold as high as $47 a day to Christmas and has hovered between $34 and $39 since December 11th,…