The University of Lagos (UNILAG) was recently acknowledged as the third (3rd) most productive school in educating entrepreneurs in an online publication by Forbes titled: “If You Want To Start A Tech-Company In Africa, Go To College.” UNILAG was ranked alongside the University of Cape Town, South Africa, which took…
Author: AdeO
The African Development Bank has announced the 100 finalists from the #AfricaVsVirus Challenge ideathon to find solutions to challenges raised by the COVID-19 pandemic in Africa. Some 25,000 participants from across Africa and beyond, joined the online platform to pitch their ideas for innovative solutions to the health and economic…
Forbes has announced the selected companies for first digital startup accelerator (Nigeria Edition). These 150+ companies represent almost every major industry in Nigeria. The Digital Startup Accelerator Nigeria Edition program is a sponsored 4-week digital training to help businesses build and scale their companies for the future. Forbes and the…
The COVID-19 pandemic that ravaged China became a threat to Nigeria when an Italian came into the country in March of 2020; to date Nigeria has over 9000 cases and over 500 get tested positive daily. The Government of Nigeria, which comprises 36 states and the Federal Capital, Territory began…
Airtel Africa, a telecommunications provider in 14 countries across sub-Saharan Africa, celebrates its 10-year anniversary in June, the company said in a statement on Monday. The company said in the statement that over the past decade it had supported social transformation across the continent by enabling millions of people to…
Sun Exchange has secured a $3 million (~ ZAR 50 million) investment from ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARPF), marking the close of our $4 million (~ ZAR 67 million) Series-A funding round. With our shared passion for driving renewable energy proliferation and sustainability across Africa, ARCH is the…
Every business owner knows that without risk, there is no reward and uncertainty is part of business . Thus, the existence of uncertainty forms a core part of our speculation and investment. To be a top leader, therefore, a business owner will need to appreciate uncertainty and deal with it…
Shezlong, an Egyptian online mental health platform, has raised a new investment round from Singapore-based Asia Africa Investment Consulting, Mohamed El Khamissy, chairman of MK Capital, and Khaled Ismail, chairman of HIMangel, an angel fund in Egypt and one of Shezlong’s early investors. The amount of the round was not…
Orange Ventures has launched MEA Seed Challenge to give entrepreneurs in Africa and the Middle East the means to launch and develop their business. This challenge targets seed ventures with high growth potential and predominantly new technologies driven. Entrepreneurs in this region often experience more difficulties in accessing financing due…
The Nigeria tech community which prides itself as one of the most upright sector was recently thrown into confusion after Kelechi Udoagwu, an Accra-based Nigerian tech entrepreneur/consultant, accused Kendall Ananyi, the founder/CEO of Tizeti of sexual harassment. This accusation comes in the wake of waves of sexual harassment and rape allegations…
Eversend, a Ugandan digital-only finance platform providing cross-border money transfers among other services, has secured EUR634,000 (US$706,000) in investment through a Seedrs crowdfunding campaign. Founded in 2017, Eversend also provides multi-currency wallets and currency exchange and plans to offer personal loans, savings, group savings, merchant payments, and investments in the…
SoftBank has launched a $100 million fund to invest in “companies led by founders and entrepreneurs of colour”, in the latest corporate action as protests roil the United States. Described as SoftBank’s bid to improve diversity, “we have to put money behind it, set plans, and hold ourselves accountable,” SoftBank’s…
Jumia Nigeria has signed a partnership deal with IrokoTV, a foremost digital entertainment provider, to allow Jumia Prime members to enjoy free digital TV subscriptions. Jumia Prime, launched in June 2019, is a membership programme that gives access to a range of digital services and offers from Jumia. Designed for…
ProfitShare Partners in partnership with Hot 91.9FM, and Getlion has launched an R100 million ($5.9m) investment fund for South African startups. The new investment fund is designed to get small businesses working and creating jobs. The interesting part is a prize of R1 million ($59192.48) for the small business that…
The Nigeria National Petroleum Corporation (NNPC) has developed a COVID-19 contacts-tracing software application that can be deployed in all its locations across the country. The corporation disclosed this in a statement issued by its spokesman, Dr Kennie Obateru. He said the idea was in line with the Transparency, Accountability and…
Opera, one of the world’s major browser developers has launched Opera Mini 50. In a major upgrade, the popular browser has fully revamped its user interface to allow for more personal and intuitive interactions with the most loved features. Opera Mini 50 is a small, fast, and powerful browser. It…
WhatsApp, the Facebook-owned messaging platform, and PayPal Holdings Inc have invested in Gojek, a payment, food delivery, and ride-hailing app operator as part of the Indonesian firm’s ongoing fundraising round. WhatsApp and PayPal did not disclose the size of the investment or the stakes they would receive. A Gojek investor…
Samsung is still the number 1 smartphone seller Huawei had the worst sales performance among the top five smartphone brands Apple’s iPhone sales declined by 8.2%Xiaomi had the best performance despite COVID-19 The global sales of smartphones to end users declined 20.2% in the first quarter of 2020, according to…
After several years on the sidelines, Anonymous the world’s most popular hacktivist is back! They announced their return with a bang by releasing dirt on several global figures, entertainers, and popular families. Over the weekend, Donald Trump would be wondering who he offended as just only days after Twitter fact-checked…
Facebook and the International Red Cross and Red Crescent Movement are partnering to launch #AfricaTogether – a digital campaign and two-day festival on June 4th and 5th featuring artists from across Africa to encourage continued vigilance against Covid-19. With more than 100,000 Covid-19 cases confirmed on the continent and containment…