Inlaks has launched an innovation lab called thehatch as part of its efforts to bring innovative solutions to the fintech industry and pave the way for young technology entrepreneurs. The launch of thehatch supports the vision of Inlaks to expand into a new phase termed “Inlaks 2.0”, the tech company…
Author: AdeO
The CEO of Samsung Electronics DJ Koh has admitted that his company rushed the Galaxy Fold into production before its time. “It was embarrassing. I pushed it through before it was ready,” Samsung Electronics CEO DJ Koh said about the recent misstep. “I do admit I missed something on the foldable…
CNBC Africa has announced the launch of Nazanin Alakija’s Social Accelerator for a Green Economy Innovation Center to combat climate change and other environmental issues in Nigeria. The S.A.G.E Innovation Centre is a groundbreaking accelerator with a unique focus on developing SME ventures and entrepreneurs in developing countries “Green Economy”.…
A consortium of renewable energy-focused lenders is providing debt funding totalling $18 million to a manufacturer of solar power products, d.light solar. The consortium includes two responsAbility-managed funds, along with SunFunder, DWM and SIMA The financing will be used to further grow the company’s operations across Africa, which has already brought…
Pezesha, a peer-to-peer (P2P) lending startup has emerged winner of the Kenyan leg of the Seedstars World Competition thereby securing a spot in the global final and the chance to pitch for US$500,000 in equity investment. The global Seedstars World competition will select national winners from all over the world, including around…
Beginning in January 2020, countries within the West African sub-region will be able to use a single currency called ECO. The currency was adopted by the Authority of ECOWAS Heads of State and Government on Saturday in Nigeria’s capital Abuja. The West African leaders endorsed the currency at their 55th…
Jumia Food Nigeria has added So Fresh, Nigeria’s leading fresh food chain, to its ever-growing catalogue of restaurants on its platform. This is in a bid to promote healthy living among Nigerians. The announcement was made on 26th June at a joint press conference held by the two companies at…
MSMEs and startups are leveraging the internet to gain more visibility and grow the business. While nearly every other business requirements are ticked by MSMEs and startups, the legal element is left tentatively or totally ignored. There are so many reasons for this action but one stands out which is…
Are you a start-up working towards the SDG’s and are based in Africa? Are you working at the cutting edge of innovation to solve real-life problems? Is your start-up innovation related to Healthcare, Life Sciences, Performance Materials, and Performance Materials and Merck’s innovation focus areas? If you have answered yes to any…
Pan-African connectivity provider, BringCom, in partnership with science and technology investor, Imprimatur Capital, and European edge cloud software company, GIG Technology, have together birthed what is to provide the African technology industry with cloud sovereignty – afriQloud. Today launched in Uganda, afriQloud will provide, at internationally competitive rates, local and…
Google has opened applications for the fourth class of its Launchpad Africa accelerator and is looking for at least 10 startups to join the programme. The fourth cohort kicks off in September and is expected to run until late November or early December. Applications close on 26 July. The 12 startups…
Peugeot Société Anonyme (PSA), the French carmaker has opened its $630 million factories in Kenitra’s Atlantic Free Zone, near Rabat, Morocco. Peugeot Société Anonyme will initially produce an annual 100,000 cars in 2020 increasing to 200,000 by 2023, Morocco’s Industry Minister Moulay Hafid Elalamy said at an official inauguration ceremony.…
Apple is considering moving between 15% and 30% of all iPhone production out of China and has asked its major suppliers to weigh up the costs, Nikkei reports. China had said back in May that it would impose a 25% tariff on US goods in retaliation against President Donald Trump’s plan to increase…
Swvl, a Cairo-based transportation startup, has raised $42 million Series B-2 funding round which was co-led by Swedish VC Vostok Ventures and Dubai-based BECO Capital, with China’s MSA, US-based Endeavor Catalyst, Oman’s OTF Jasoor Ventures, Egypt’s Sawari Ventures, Kuwait’s Arzan VC, Dubai-based Blustone, San Francisco-based Autotech, and Property Finder’s CEO…
There has been news making the rounds that Max.ng, Nigeria’s leading motorcycle startup has raised new funding. Innovation-village reported that the startup has raised millions of dollars in the new funding round. Now, specifics about the funding round have emerged. Max.ng has raised a $7 million funding round led by Novastar…
The much-awaited Samsung Note 10 will reportedly be launch on August 7, sources have told CNET. The flagship phone will be unveiled at Samsung’s yearly Unpacked event, which will be held in Barclays Center in downtown Brooklyn – the same venue it occupied last year, the sources continued. The Note series…
The International Finance Corporation (IFC) and its Asset Management Company have reached advanced discussions to sell equity holding in Ecobank Transnational Incorporated (ETI). The company said that IFC and the Asset Management Company (AMC) had entered into a share purchase agreement with the Dutch investment firm, Arise BV for the…
Mubawab, the leading real estate portal of Morocco has acquired Jumia’s property portal Jumia House in Morocco, Tunisia & Algeria, The news comes a few months after Jumia went public and Emerging Markets Property Group (EMPG) closed its $100 million Series D. “The acquisition consolidates Mubawab’s position as region’s leading…
Facebook is set to launch a cryptocurrency next year backed by the likes of Mastercard, Visa and PayPal – which will allow people to move money from their smartphone. The currency is known as Libra. The social network says it has “no special role” in governing the cryptocurrency and will…
Slatecube, a Nigerian recruitment startup has expanded to South Africa. The startup’s mission is the upskilling and integrating of the continent’s brightest young talent. Slatecube support businesses in integrating top entry-level talent into the workforce, with two independent products. Slatecube Workforce, a cloud-based recruiting service that helps businesses build talent…