ShopRite Nigeria has denied reports making the rounds that it intends to close shop in Nigeria. The Country Director for Chastex Consult, Ini Archibong, in a telephone conversation with Vanguard, said: “Shoprite is not leaving Nigeria. “We have only just opened to Nigerian investors which we have also been talking…
Author: AdeO
ShopRite, the South African grocery retailer has announced that it is leaving Nigeria after 15 years of business in Africa’s biggest economy. The announcement by ShopRite came months after another South African brand, Mr Price, exited the market. International supermarkets (excluding Nigeria) contributed 11.6% to group sales and reported 1.4%…
Twelve African female-founded tech startups have been selected for the inaugural The Future is Female Mentorship Program. C. Moore Media, an independent PR agency headquartered in New York, specializing in the US, UK, and African markets, launched the program last month. The initiative marks the first time a Public Relations…
As part of its ongoing commitment in connecting people to accurate sources and combating misinformation, specifically around COVID-19, Facebook will begin rolling out a new on-platform campaign across a number of countries in Sub-Saharan Africa. Named ‘Three Questions To Help Stamp Out False News’, this aims to educate and inform…
Publiseer, a Nigerian digital publishing startup, has been named 2020 Digital Media Publisher of the year by African Excellence Awards hosted by MEA Markets. Publiseer is a digital platform that helps underserved and independent African writers, musicians, and filmmakers from low-income communities earn above the minimum wage for sales of…
In line with its focus on accelerating access to affordable broadband connectivity in Africa’s underserved populations, and more recently, due to the increased customer demand for connectivity solutions, Tizeti, West Africa’s pioneer solar-based internet service provider today announced the successful upgrade of its core network infrastructure capacity to 100Gbps. This…
Clients appreciation improves your client relationships and facilitates retention—and it doesn’t cost much to execute. When customers feel appreciated, they’re much more likely to stick around, and they’re more likely to recommend you to a friend or colleague. If you apply a customer appreciation strategy consistently, you can greatly improve…
First Bank of Nigeria Limited has offered to give financial support to Small and Medium Enterprises (SMEs) in the Education Sector to cushion the effects of the COVID -19 pandemic. Mr. Bankole Adediran, Head, Transaction Banking Products, FirstBank, made this known at the Bank’s SMEConnect webinar with the theme: “Managing…
The 2020 Africa’s Business Heroes (ABH) prize competition, a flagship philanthropic program established by the Jack Ma Foundation’s Africa Netpreneur Prize Initiative (ANPI), has shortlisted the fifty entrepreneurs will continue their journey in the competition, for a chance to become one of the ten entrepreneurs that will compete in the grand finale…
Apple has started “manufacturing” the iPhone 11 in India. The new development comes just a little over nine months after the Cupertino giant started the assembly line for the iPhone XR in the country. The local assembly of the iPhone 11 would help the company avoid a 20 percent tax…
HouseAfrica.io, a blockchain startup focusing on real estate, has signed a partnership agreement with Nigeria Mortgage Refinance Company (NMRC), to deploy a digital land/property title authentication and verification system called Propvat.com. The system will make it possible for individuals and organizations – including Financial Institutions – to authenticate, validate or confirm…
Today Facebook, released findings from The Impact of Facebook’s Connectivity Initiatives in Sub-Saharan Africa, a study conducted by Analysys Mason that highlights how Facebook investments in infrastructure and connectivity across the region will deliver over $57 Billion in Economic Benefits over the next five years (2020–2024).According to The Economist Intelligence Unit…
In 2017, Rakuten Kobo rolled out Kobo Plus, a revenue-sharing model for authors distributing ebooks to the Netherlands and Belgium. Now, Kobo is bringing the same opportunity to Canada, with the launch of Kobo Plus Canada. Canada is Kobo’s strongest performing territory, where it has the most reach, so opening…
Samsung and MTN Nigeria have provided communication support to health workers across the country to stop the spread of Coronavirus (COVID-19) pandemic. Five hundred A2 Core phones from Samsung together with SIM cards and 2GB data monthly for six months from MTN will be given to case managers in the…
Think with Google has officially launched its sub-Saharan Africa website — thinkwithgoogle.com/ssa. The aim of the site is to help marketers on the continent get the locally relevant insights they need. “Think with Google sub-Saharan Africa walks alongside marketers and business leaders as they deal with the challenges of a rapidly…
The Lagos State Government has kicked off its Smart City initiative with the unified fibre duct infrastructure and connectivity project across all its Local Government Areas and Local Community Development Areas. According to reports, the state is pushing this via a Special Purpose Vehicle through the Western Telecoms and Engineering.…
The United Nations International Children’s Fund (UNICEF) has listed 5 African startups among the 11 businesses to receive funding from the UNICEF Innovation Fund. These selected companies will benefit from the seed investment provided by UNICEF, and will also gain access to support from UNICEF’s innovation team and networks. The 11 startups…
The Anzisha Prize, a partnership with African Leadership Academy and Mastercard Foundation, is celebrating ten African entrepreneurs whose transitions into entrepreneurship started before the age of 25. The ten inspirational business leaders have been inducted into the Anzisha Prize Hall of Fame for 2020. The Hall of Fame features a…
VALR, one of South Africa’s largest cryptocurrency exchanges by trading volume, has raised $3.45 million in Series A funding. The round was led by 100x Ventures, the investment arm of 100x Group — the newly created holding company of BitMEX and HDR Global Trading. The round was joined by a…
Disney has “dramatically” slashed its advertising budget on Facebook and Facebook-owned Instagram, according to a report in the Wall Street Journal. It’s the latest setback for the social network, which is facing a growing advertising boycott over its policies and actions on hate speech on its platforms. The Journal, citing unnamed sources familiar…