Helios Investment Partners, the Africa-focused private-equity firm, has led a $60 million investment in Thunes, the Singapore-based fintech company. The funding rounding round was joined by Checkout.com as well as existing investors GGV Capital and Future Shape. Thunes operates a global B2B cross-border payments network that continues to attract investment as emerging…
Author: AdeO
Jumia, the leading e-commerce platform in Morocco, has signed an agreement with the Ministry of Tourism, Handicrafts, Air Transport, and Social Economy in order to support the artisans of the kingdom through the marketing and online sale of handicrafts. This partnership is a strategic opportunity to promote the sector (artisans,…
Heineken Brouwerijen B.V has increased its stake in Nigerian Breweries Plc. The beer maker in a notice to the Nigerian Stock Exchange (NSE) said Heineken Brouwerijen B.V which is one of its major shareholders, acquired additional 274,542 units. Nigerian Breweries Plc is a subsidiary of Heineken N.V. a company domiciled…
Samsung Electronics will halt operations of its last computer factory in China. This is the latest manufacturer to shift production from the world’s second-biggest economy. Companies are rethinking their production and supply chains amid rising Chinese labour costs, a U.S.-China trade war, and the blow from the COVID-19 pandemic. Around…
During a crisis, many startups tend to lose their brand identity or credibility because they lack the capacity to handle such difficult situations. Your response to the crisis might just worsen it. Thereby crumbling the brand identify and goodwill the startup has with its public. No matter how complicated a…
Charlette N’Guessan, a Cote D’Ivorian technology entrepreneur in Accra has been named winner of the Africa Prize for Engineering Innovation 2020. N’Guessan is the first-ever woman to win the Africa Prize, and the first winner based in Ghana. The 26-year-old N’Guessan and her team developed BACE API, a software that uses…
Swedfund, the Swedish development finance institution, has committed $12m to SunFunder’s Solar Energy Transformation (SET) Fund. The investment will contribute to increased access to electricity and the increased generation of renewable energy in emerging markets. This takes SET Fund commitments to $60m, with Swedfund joining anchor investors DFC, Calvert Impact…
Innoson Vehicle Manufacturing (IVM), has disclosed plans to commence its ride-hailing services name IVM Connect, in Enugu State from October 2020. IVM Connect will join Uber, Bolt, Oma, and RideOn as one of the ride-hailing service providers in Enugu. According to IVM’s Head of Corporate Communications, Cornel Osigwe, 200 IVM…
In an effort to ensure that synergy and effective ministry supervisory mechanism is put in place to coordinate, monitor, and track the progress of the Federal Government’s digital transformation initiatives, President Muhammadu Buhari has approved the transfer of the National Identity Management Commission (NIMC) to the Federal Ministry of Communications…
Ecobank has announced that it has won the Award for Innovation in Financial Services at the 2020 edition of the prestigious African Banker magazine Awards. The Awards, which reward banking excellence in Africa, were announced at a virtual ceremony held on 26th August. The African Banker’s judging process sought to recognise…
Jeff Bezos, the Chief Executive Officer of Amazon has become the first person ever to worth $200 billion. His wealth is soaring despite losing a significant part of his fortune to his wife-MacKenzie Bezos. According to Forbes, he became wealthier early on Wednesday when he crossed a milestone previously unseen in…
Kevin Mayer has resigned his position as CEO of TikTok as tensions soar between the United States and China. He was appointed in May. Mayer’s resignation comes days after TikTok filed a lawsuit challenging a crackdown by the US government over claims the wildly popular social media app can be…
Standard Bank has acquired a 35% stake in TradeSafe, a South African digital Escrow startup to provide an added layer of security from transaction fraud to buyers and sellers. TradeSafe plays a vital part in protecting the buyer’s funds in a transaction involving two or more parties. It is also…
LightWare LiDAR, a South African company supplying world-class microLiDAR sensor technology to global companies has secured $1.5 million from Sanari Capital, backed by 27four. “Already the company has achieved international success in this niche and growing market. Based on the reputation of its product and management team alone, the business…
Airtel Uganda, together with Comviva, Airtel’s technology partner, has today been announced the winner of the 2020 Digital Wallet Innovation Award, Airtel Uganda was the overall winner of the ‘Market Adoption’ category. Airtel Uganda and Comviva were also declared the Grand winner out of the five winning firms. The grand prize was…
Developing, building, and promoting your business brand are essential steps in any small business success. The good news: Building a strong brand doesn’t have to drain your business bank account. Here are ways to build your brand as a small business. Choose your business name wisely When you don’t have…
DataProphet, a major provider of artificial intelligence solutions that enable manufacturers to implement autonomous manufacturing, has raised US$6-million in a new funding round. The round was led by Knife Capital with the Industrial Development Corporation and the Norican Group, a foundry engineering and equipment company, also investing. Earlier this year,…
Coronation Merchant Bank has announced the launch of its mobile banking application. The App provides customers with easy access to their accounts as well as the ability to perform transactions seamlessly without the need for in-person banking. In spite of the novel coronavirus, Coronation Merchant Bank has been at the…
Apple is likely to announce the iPhone 12 series in October and a new report has claimed that as soon as the new iPhones get released, the company would discontinue older models. The tech giant may discontinue the iPhone XR after the iPhone 12 launches. “They cite the availability of…
AfriLabs has added 27 new members to its network which brings the total number of members to 225 in 47 African Countries. Furthermore, this means that AfriLabs has extended her reach to 8 new cities and a new country, Cabo Verde. In North Africa, IMPACT Lab, Savannah Innovation Lab, and…