Crowdyvest Holdings will begin operating under a new name and will be known as ‘EMFATO Holdings’, effective immediately. In 2019, Onyeka Akumah along with his co-founders identified various opportunities in different high-impact industries using technology to create solutions for Nigerians with the potential to scale across Africa. This led to the…
Author: AdeO
Uber has launched an intercity Bus service in Egypt with the aim of connecting cities with the Uber app. Egypt is the first country globally to where this service is running. The unveiling of the intercity bus service is part of Uber’s continuous efforts to adapt its technology to build…
Twitter says 130 accounts were targeted in a major cyber-attack of high-profile accounts. However, Twitter says only a “small subset” of those 130 accounts had control seized by the attacker. The security breach saw accounts including those of Barack Obama, Elon Musk, Kanye West and Bill Gates tweet a Bitcoin…
Global Accelerex Ltd, a Nigerian financial technology company, has partnered with Moove, Uber’s preferred fleet partner in sub-Saharan Africa, to make payments seamless for riders across Africa. To address the inconvenience of cash payment on Uber rides and provide comfort to passengers who do not want to enter their card…
Uber Technologies Inc has announced the acquisition of transit software provider Routematch, marking the ride-hailing company’s latest move toward expanding its business with public transportation agencies. Uber, which has gradually deepened its collaboration with agencies over recent years, last month announced its first software-based transit deal with an agency in…
BMP Car, a Nigerian ride-hailing service has redefined car-hailing service in Nigeria by launching a 2-in-1 car-hailing transportation system in Lagos, Nigeria. BMP Car is a technology ride-hailing transport service using 2-in-1 model, Car Sharing and VIP Taxi on the same platform, which allows users to link-up and join anyone…
The United Kingdom has banned Huawei from its 5G telecom network, reversing a January decision to allow the Chinese tech company a limited role in building the country’s super-fast wireless infrastructure. Operators such as BT and Vodafone have been given until 2027 to remove existing Huawei equipment from their 5G networks, the UK government announced on Tuesday. Digital…
Google is in advanced talks to buy a $4 billion stake in Jio Platforms owned by Indian billionaire Mukesh Ambani’s technology venture according to a report by Bloomberg. Google has been discussing the investment in Reliance Industries Ltd.’s digital arm, Jio Platforms Ltd., the people said, asking not to be identified because the…
TradeDepot, a Nigerian e-commerce startup has raised $10 million in funding to expand its business into financial services and credit offerings for retailers. The new investment raised by TradeDepot, which connects international brands to small businesses in Africa, was co-led by Partech, the International Finance Corp., Women Entrepreneurs Finance Initiative, and…
As part of its focus in bringing people together and building communities, Facebook has announced the 12 African community leaders who have been selected to join Facebook’s Community Accelerator, a six-month programme that aims to equip communities with the training, mentorship, and funding they need to grow. Part of the global…
Keeping in touch sometimes requires conscious effort especially if it is online. We meet a lot of people physically and virtually. Today as we embrace the new normal of working remotely, staying at home, and practicing social distancing, staying close to those you care about can be a challenge. Technology…
The Society for Forensic Accountants and Fraud Prevention (SFAFP) has said N2.5 trillion is lost yearly in the national budget to public sector fraud and corruption. Speaking at a virtual induction of 192 associates, SFAFP Chairman Iliyasu Gashinbaki said the continent was losing about 25 percent of annual budgets to…
BlockStale, a Nigerian blockchain startup has launched the first-ever bitcoin Automated Teller Machine (ATM) in Lagos, Nigeria. The Chief Executive Officer of BlockStale, Adekunle Daniel, at the launch explained that the ATM was specially designed for easy usage of naira to bitcoin and bitcoin to naira in Nigeria. He also…
Akoin Foundation, the foundation supporting the blockchain platform and cryptocurrency Akoin has partnered with Blockchain / AI social venture Effect.AI with a shared mission to boost education, social opportunity, and digital inclusion in Africa. This joint venture seeks to empower 2 million new CEOs in Africa. Akoin was developed by…
The Federal Government of Nigeria has launched a diagnostic kit, RNASwift, for the identification of coronavirus’ causal agent. The new diagnostic kit was designed, developed, and validated by Nigerian scientists. It holds huge potentials for the country’s plan at scaling up testing for COVID-19, the acting Director-General of National Biotechnology…
Lupiya, a Zambian fintech and microfinance startup, has secured a $1 million investment from Enygma Ventures. This investment according to Enygma Ventures will enable Lupiya to continue to scale and roll out its services fulfilling its mission of ensuring Zambians, particularly women are able to participate in the economy through…
Franc, a South African fintech startup has received US$300,000 in funding over the first half of 2020 as part of a wider round of seed investment according to a report by Disrupt Africa. Launched in May 2018 by Sebastian Patel and Thomas Brennan, Franc is an investment robo-advisor that helps people…
Vincent Kolo, a Nigerian, has won the $50,000 Nefertiti grand prize for creativity at the maiden edition of Africa Integration Day. In a statement by organisers of the event, Vincent Kolo won the prize with his artwork ‘The Cords of Yesterday’. “The grand prize was awarded for work that passionately…
The Lagos State Government says it has kicked off the “Jobs Initiative Lagos Programme” for youths in eight tertiary institutions. Mr Tokunbo Wahab, Special Adviser to Gov. Babajide Sanwo-Olu, on Education, made this known in a statement in Lagos on Tuesday. Wahab said that the programme was designed as a complementary…
CDC Group, the UK’s development finance institution and leading impact investor, has committed US$100 million to Helios Investors IV, the fourth private equity fund raised by Helios Investment Partners, a leading Africa-focused private equity firm. The pan-African generalist fund will invest in and build market-leading companies across the continent. With…