Author: Staff Writer

Kwely, a Senegalese-based B2B marketplace startup, announced that it has closed a $1 million seed round after raising a new funding round of $700,000 led by WIC Capital with participation from Loftyinc Capital, Afropreneur Angels, Haskè Ventures and other angel investors. This follows the initial $250,000 raised in July 2021…

Starting a small business is a great way to get more freedom. If you’ve been working a 9-5 for most of your career, you could use some of your expertise to start a business. You don’t necessarily need to have formal expertise in a field to start a business, however,…

As the pandemic wreaked havoc on economies and assets worldwide, a certain digital currency was able to withstand the storm and is still growing strong. Yes, we are talking about cryptocurrency, slowly becoming a widely accepted payment mode and a worthy asset. With cryptocurrency, you can pay for things online…

Electronic Arts (otherwise known as EA) is working on allowing players connect across multiple platforms and is testing cross-play functionality on the PlayStation 5, Xbox Series X|S, and Stadia versions of EA SPORTS FIFA 22 This makes it possible to have a wider pool of competitors that you can play…

Meta is set to Project Cambria, a high-end VR and mixed-reality headset by September this year, according to The Information. It will also release three other headsets before the end of 2024. All these were revealed in a report made available to The Information recently. The report stated that Cambria…

Nigeria’s Hello Tractor has secured $1million in financing from Heifer International for its Pay-As-You-Go tractor financing program. The investment is intended to be used to provide loans for tractor purchases—loans that can be repaid from revenues earned by leasing them to local farmers. Known as the “Uber for Tractors”, Hello…

Facebook is shutting down its podcast business just one year after launching the service. This was confirmed by the parent body, Meta to Bloomberg in a statement that it is winding down the podcasting, Soundbites and its general audio hub services. Facebook incursion into the audio market came as a result…

Snap, the company behind Snapchat, has just launched a camera drone called Pixy. Snap says it is your friendly flying camera; a pocket-sized, free-flying sidekick that’s a fit for adventures big and small. Most people only know Snap for Snapchat, a multimedia instant messaging app and service even though Snap refers to itself…

Nigerian Grammy award musician, Burna Boy became the first African to sell out Madison Square Garden, New York with his performance early this morning (WAT). Burna Boy, real name Damini Ebunoluwa Ogulu, just finished “One Night in Space” concert in the wee hours of the morning (WAT) and it was streamed…

Elon Musk is in the news again about buying another company. This time, he tweeted that he wants to buy soft drink giant, Coca-Cola. You may think the billionaire is joking but consider the fact that he tweeted about buying Twitter way back in 2017 with comedian Dave Smith and…

Egyptian Swvl announced that it has entered an agreement to acquire UK-based mobility startup, Zeelo for $100 million. This is coming days after it announced its entry into Turkey with the acquisition of Volt Lines, a Turkey-based B2B, and Transport as a Service mobility startup. The acquisition builds on Swvl’s recent…

For many, starting a successful business means the realization of a lifelong goal. Every year, millions of startups dive into the market as more and more people are taking the risk and not going for the more secure path of getting a 9-5. Entrepreneurship is not for the faint hearted…

NFTs worth millions of dollars have been reported stolen after the official Instagram account for Bored Ape Yacht Club (BAYC) was compromised. The Instagram account was then used to post a phishing link that transferred tokens out of users’ crypto wallets. BAYC disclosed on Twitter by BAYC on Monday morning. “There is…

Sun King, a foremost solar power provider, announced that it has raised $260 million in Series D funding to provide electricity access to more homes across Africa and Asia. It secured $90 million from a team lead by UK’s CDC Group in 2020 This funding round was led by BeyondNetZero, the climate…

South African based Inseco announced that it has raised $5.3 million in a seed funding round led by Futuregrowth Asset Management with participation from E4E Africa, and Oak Drive Ventures.  Inseco intends to increase its manufacturing capacity and fund ongoing research and development with this new investment. It also has…

Social media giant Twitter announced via a press release that it has finally accepted Elon Musk’s offer to acquire the company at $54.20/share, valuing the social media platform at $44 billion. Upon completion of the transaction, Twitter will become a privately held company. The stock was halted for the news…

Passionate about performance? Maybe you’re a life-long supplement fanatic or appreciate the natural healing power of plant-based nutrition. If you’re a current gym-goer or entrepreneur, then you’ve likely already started sketching out your business plans. This guide will take you through the basics – from setting up your marketing, to…

Google’s Equiano submarine cable has landed in Lagos, about a month after it launched in Lome, Togo. This is the second landing in Africa after which it will proceed to Swakopmund, Namibia; and Melkbosstrand, South Africa. A digital launch and reception ceremony was held to mark the event and several…

Over the last number of years, the concept of the side hustle has taken off, particularly with millennials. A side hustle is a part-time business that is often run during someone’s free time, outside of their day job. It’s a good way to earn some extra cash, all while doing…

Flutterwave CEO, Gbenga Agboola has finally made a statement concerning the recent allegations against him and the company, made in an investigative report by David Hundeyin published exactly 8 days ago, 12th April 2022. The report titled “Flutterwave: The African Unicorn Built On Quicksand” painted a story of fraud, perjury…