Author: Staff Writer

Billionaire tech mogul, Elon Musk, has bought 9.2% of Twitter according to a regulatory filing made public today, Monday 4th of April. Twitter shares soared by 22% in early trading when news filtered into the mainstream media. His stake worth $2.9 billion as of the close of trading Friday increased…

Recently many attendees witnessed the opening of Tesla Giga factory in Berlin. For those who were not invited, of course a lot, Tesla has released a drone footage showing inside the Berlin Giga factory. The event was delayed due to red tape, self-imposed delays, and strong opposition from local groups.…

Helios Investment Partners has announced the sale of 25% of its stake in Axxela the largest private-sector gas distributor in Nigeria, to Sojitz. Helios retains a 75% interest in the company. Helios completed the acquisition of 100% of Axxela in 2019. Axxela is a pioneering energy infrastructure company at the…

Nigerian Indigenous car manufacturer, Innoson Vehicle Manufacturing (commonly shortened to IVM) announced that it was increasing its annual production capacity from 10,000 vehicles per annum to 60,000 vehicles after its migration to an automated production plant. Founded by Chief Innocent Chukwuma Nwala in 2007, IVM’s product line includes heavy duty vehicles,…

For any eCommerce store, fulfillment is one of the most critical processes. Customers don’t just expect their products to arrive quickly—they expect them to arrive as fast as Amazon delivers them. The two-day shipping model has moved from a unique offering to a must-have. Order fulfillment can be time-consuming and…

Sustainable Growth Through Salesforce Integration with Legacy Systems If your organization makes use of Microsoft Dynamics NAV, it’s highly likely that they’ve also selected a high-end customer relationship management software such as Salesforce to complement its abilities. If this is the case, then at some point or another, your business…

In yet another move to invest in the film and TV industry in Kenya, Showmax has unveiled four new Original productions to be released in 2022. The impressive slate includes Kenya’s first Christmas feature film, a crime drama series set in Kibera, a high-stakes political thriller series set in a…

Are you planning to buy a laptop or a desktop computer but are skeptical about making the right decision? Although your preferences, budget, and work-related tasks play an essential role in deciding the appropriate device for you, here’s a list of things that you must consider important before making any…

Verod Capital Management Limited announced that it has acquired a significant minority equity stake in Medplus, a leading health and beauty retailer chain pharmacy in Nigeria. Though the amount is undisclosed, the investment is from its latest Fund, Verod Capital Growth Fund III, and is part of its broader strategy…

Dapio, a UK based fintech platform announced that it has raised $3.4 million in a funding round led by Nigeria’s Flutterwave and Techstars. Other participants include Daniel Gould, venture partner at Asymmetry Ventures, and PactVC. Started in 2019 by CEO Kosta Du and co-founder Grigory Gurbanov, Dapio formerly known as Paymob…

Y Combinator has released statistics about the its Winter 2022 Batch. According to Michael Seibel, Group Partner and Managing Director, Early Stage at YC, the Winter 2022 batch received 17,000 applications from founders around the world and funded 414. It is interesting to note that Nigeria has 18 startups in this…

Disney+ has confirmed that it will be launching its service in South Africa in May 18 2022. It had announced in January this year that it would be launching in 42 additional countries and 11 territories in Europe, the Middle East and Africa this summer. In a statement made available…

An employee is one of the essential parts of any company or business. They are the ones that do the heavy lifting, providing a base for a solid and successful organization. For that reason, it might be vital for your company to create a healthy working environment that ensures your…

Nigeria’s CredPal announced that it has secured $15 million in equity and debt in a recent bridge funding round to scale its consumer credit offerings across Africa. The debt was provided by some unnamed financial institutions while the equity was provided by an existing investor, Greenhouse Capital and new investors…

Eksab, an Egyptian fantasy football platform, announced that it has raised $3million in a funding round led by 4DX Ventures with participation from Darwazah Capital, Golden Palm Investments, P1 Ventures and some other angel investors. Eksab was founded in 2018 by CEO Aly Mahmoud to make football more exciting and interactive for football fans…

Whether you are new to Mac or an avid user, exploring it to the fullest is quite a strenuous task. Even if you think that you know enough commands and shortcuts, you will find new things each day that will help you discover new functionalities. In this article, you will…

A non-fungible token (NFT) created from Late President Nelson Mandela’s original arrest warrant has been sold at an auction for 1.9million rand ($130,000). The proceeds will be used to fund the Liliesheaf Museum heritage site that documents South Africa’s struggle for democracy. An NFT, or non-fungible token, is a digital…

Elon Musk, one of the richest men alive, says he is seriously thinking of building a new social media platform, possibly to rival Twitter. Ironically the SpaceX CEO started the conversation with a poll asking whether Twitter algorithm should be open source. At the end of the voting period, 82.7%…

According to a Bloomberg report, a 16-year old living in the United Kingdom is suspected of being the mastermind behind the Lapsus$ hacking group. In case, you don’t know or have not heard about Lapsus$, this is the hacking group behind the recent data hacks of Samsung and Nvidia, as…

Instagram has now introduced two new features – Favorites and Following – which allow you control what you see on your Instagram feed. A couple of days ago, the Meta-owned photo-sharing platform introduced parental controls for its Instagram app to allow parents to supervise their children’s activities on the site.…