4Di Capital, a South African venture capital fund manager has launched its third investment vehicle with the first close of US$9.4 million with the SA SME Fund as the initial anchor investor. The fund will be invested in African Startups. Founded in 2009, 4Di Capital launched its first fund in 2011 and…
Author: AdeO
VertoFX, a London, UK–based cross-border payments startup with a focus on businesses in emerging markets, has raised $2.1M in seed funding from Accelerated Digital Ventures. Founded in 2017 by Nigerian born Oyetayo and Anthony Oduwole, the startup was part of the latest YCombinator cohort (winter 2019) and has seen 20% month-on-month…
The European Union has fined Qualcomm €242 million (around $272 million) for selling 3G modem chips at predatory prices in an attempt to drive a competing supplier, Icera, out of the market. The European Commission says that the company used its market dominance to sell chips meant for mobile internet dongles at…
Earlier this year, Instagram announced that it was testing a design shift that would hide the number of likes on posts in Canada. Now, the company is expanding that design change to six countries Instagram will now hide the number of likes that posts get in six more countries starting today. These six…
Visa has announced its acquisition of Payworks, a Munich-based provider of next-generation payment gateway software for the Point of Sale (POS). Visa will bring Payworks’ cloud-based solution for in-store payment processing together with its CyberSource digital payment management platform to create a fully integrated payment acceptance solution for merchants and…
Gozem, a transport technology platform for Francophone West Africa, has expanded its transport offering with the auto-rickshaws in Lomé and Cotonou after launching other on-demand transport products. Auto-rickshaws are an intermediate form of transport in Lome, Togo and Cotonou, Benin Republic, between motorcycle-taxis and car taxis, and can carry up to…
LandWey Investment Limited has partnered with PiggyVest to create entry paths for virtually any Nigerian within low and medium-income brackets to actualize their dream of premium land ownership. Land as well as homeownership is a dream most Nigerians share, but seeing the low ownership rate in Nigeria there is a major…
Sub-Saharan Africa will remain the world’s fastest-growing mobile region over the coming years as millions of young African consumers become mobile users for the first time, according to a new GSMA study. It reveals that more than 160 million new unique mobile subscribers will be added across the region by 2025,…
Google is a giant tech company that’s good at uncountable things but it hasn’t had much luck with social networks, although it’s tried pretty hard. Google subsidiaries Orkut, Google Buzz, and Google+ have all to a very large extent failed, as well as messaging services Allo and Google Wave. Regardless, that hasn’t stopped the company…
Pearson, the world’s largest education publisher has taken the first step towards phasing out print books by making all its learning resources digital first. Pearson said students would only be able to rent physical textbooks from now on, and they would be updated much less frequently. The British firm hopes…
Social Media, giant, Twitter is rolling out a new desktop design today that adds more customization options and a completely rearranged navigation experience. The redesign has been open to testers for the past few months, but it will be available to everyone over the next few days. Unlike previous redesigns,…
Fit 4 Start Program powered by Luxinnovation has been opened the application for the 2019 edition and African startups involved in ICT, Space and Healthtech have been invited to apply. 20 startups will be accepted and applications will close on August 16, 2019. Aside from offering a grant of €50,000, startups will also…
Cowrywise, an online savings platform and Scale My Hustle, a social enterprise that is focused on helping entrepreneurs build better-structured businesses, have partnered to provide financial and growth advisory services to African small and medium enterprises (SMEs). The new partnership will blend financial advisory and growth advisory in a manner that…
Huawei has registered the trademark ‘Harmony’ in Europe as the name for its own forthcoming mobile operating system. The name was registered on 12 July with the European Union Intellectual Property Office (EUIPO), as well as the UK’s Intellectual Property Office. This is according to Dutch tech site LetsGoDigital. The filing…
After more than a year since social media was banned and blocked in Chad, citizens of the country can now access services such as Facebook and Twitter. This comes after President Idriss Deby, speaking at a digital technology conference in the capital city N’Djamena, noted that he had instructed all Internet…
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Global Entrepreneurship Network (GEN) have launched a fully equipped hub. The initiative was part of efforts to promote entrepreneurship in Nigeria. Speaking at the launch of the Enterprise Hub, which is situated at the Yaba College of Technology…
Nuture Technology Service (NTS), a Nigerian Technology firm, has launched moneybag.ng, an online saving platform aimed at boosting the saving culture of consumers especially those who find it difficult to save. The Online saving platform which is consumer-focused encourages all consumers regardless of age and status to save with attractive…
Facebook has achieved a major milestone in artificial intelligence (AI) thanks to one of its systems beating six professional poker players. Facebook’s Pluribus AI defeated renowned players including Darren Elias, who holds the record for most World Poker Tour titles. Beating poker pros has been a major challenge for AI researchers, as the best players need…
…..donates hundreds of SUBEB approved reading & writing materials to Agidingbi Grammar School, Ikeja As part of activities earmarked to celebrate its 7th anniversary in Nigeria, leading online shopping destination, Jumia recently donated to Agidingbi Junior Grammar School, Ikeja hundreds of reading and writing materials approved by the Lagos State…
Microtraction, a Nigerian early-stage Venture Capital firm has launched its Scout Initiative, which it says will help it discover more deals and identify high-trajectory individuals building the next innovative company in Africa. This announcement was made in a blog post. Founded in 2017, the early-stage Venture Capital firm has made…