Author: Staff Writer

Nigerian Investment Fintech, Bamboo, announced that it has raised $15 million to scale its technology infrastructure for smoother operations and expand into other African countries. Launched in January 2020 by CEO Richmond Bassey and COO Yanmo Omorogbe, Bamboo is a Fintech startup that offers a digital platform that gives customers…

Alphabet’s Google announced that it is investing up to $1 billion in Airtel as part of its Google for India Digitization Fund. The deal includes investment of $700 million to acquire 1.28% ownership in Bharti Airtel and up to $300 million towards potential multi-year commercial agreements, which will include investments…

Estonian mobility tech giant, Bolt, has announced that it will be onboarding 200,000 drivers this year as it seeks to expand into many cities across Africa. This is part of its plan cited in its recent $711 million raise which took its valuation to 7.4 billion euros ($8.38 billion). In…

Binance CEO, Changpeng Zhao, has given the reason for the restriction of some Nigerian accounts. According to the crypto firm’s boss, there was a need to comply with international money laundering laws. This was in response to some recent complaints from some Nigerian users that the Binance global exchange had…

During the winter months, you can take a more proactive role in dealing with your fleet. That’s because the weather makes it more dangerous to be on the roads. There are plenty of risks during this time of the year, but there are a few ways you can deal with…

Disney+ announced that it would be launching in 42 additional countries and 11 territories in Europe, the Middle East and Africa this summer. Specifically in Africa, it will be launching in South Africa, Libya, Morocco and Tunisia. What about Nigeria? Disney did not specify the exact launch dates and pricing,…

Zimbabwean-born Strive Masiyiwa has been appointed as a member of the board of Trustees of the Bill and Melinda Gates Foundation. He joins Baroness Nemat (Minouche) Shafik – director of the London School of Economics, Thomas J. Tierney – the co-founder of Bridgespan Group, Gates Foundation CEO Mark Suzman and…

Chinese tech giant, Xiaomi, has unveiled four new devices in the Redmi Note 11 Series for international markets – Redmi Note 11 Pro 5G, Redmi Note 11 Pro, Redmi Note 11S and Redmi Note 11. The new Redmi Note series are different in terms of specs from the ones launched…

After nearly two years of complete disarray, the past few months have seen many businesses return to the office on an almost full-time basis. Regardless of this considerable step being taken in the direction of normality, chances are good that many meetings, as well as job interviews, will still be conducted remotely…

Uber has announced the launch of a motorcycle option, UberMoto, to join its product offering in Nigeria. UberMoto is a two-wheeler low-cost alternative and smart mobility option for city residents to navigate traffic quicker and effectively to get from one place to another. It is interesting that Uber is getting…

Coca-Cola HBC is looking to partner with startups to find the next viable, scalable packaging and packaging collection technologies. According to Zoran Bogdanovic CEO, Coca-Cola HBC, “as a recognized leader in sustainability, we are looking to continually raise the bar to ensure that we support the socio-economic development of our communities and…

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Large enterprises and multinational companies have been using Customer Relationship Management (CRM) systems to engage their customers. They’ve been used by mobile telephone companies, internet service providers, and even cable companies to engage their customers and upsell some of their add-on products. CRM systems enable the sales teams to use…

Frain technologies, a Nigerian developer-tooling startup dedicated to building webhooks infrastructure has recently completed a $473k pre-seed round. The pre-seed round, led by Rally Cap Ventures, also saw participation from Musha Ventures, Future Africa, Eric Idiah, Tomiwa Lasebikan, Prosper Otemuyiwa, Odunayo Eweniyi, Timi Ajiboye, Opeyemi Awoyemi and several other angels.…

Fresh from securing $20 million funding from Lendable in September 2021, Finclusion Group announced that it has secured another US$20million in debt & equity funding from various prominent investors. This funding round includes investors Andela and Flutterwave co-founder Iyin Aboyeji (who invested via his VC firm Future Africa), LendInvest founder…

Amazon has reversed its decision to ban VISA cards in the United Kingdom over high fees Visa charges for processing credit card transactions. In November 2021, the online retail giant announced that it will stop accepting payments from Visa credit cards issued in the UK from January 19th, 2022. Amazon made this…

Orda, a restaurant management startup based in Nigeria, announced that it has raised $1.1 million in a pre-seed round to scale its platform across Africa. Founded by CEO Guy Futi, Fikayo Akinwale, Mark Edomwande, Kunle Ogungbamila, and Namir El-Khouri in 2020, Orda is a business that provides a cloud-based restaurant management system to…

Future Africa announced that its Assets under Management grew from $600,000 in 2017 to over $30 million in 2021. This is one of the exciting figures released in the 2022 Message from the Founder and General Partner of Future Africa, Iyinoluwa Aboyeji. Set up by serial entrepreneur, Iyinoluwa Aboyeji in…

Asaak, a Ugandan fintech startup, announced that it raised $30 million in a pre-Series A equity and debt funding round. The round had a number of new and existing investors investors including Resolute Ventures, Social Capital, HOF Capital, Founders Factory Africa, End Poverty Make Trillions, Decentralized VC and a number…

Kiddie tune “Baby Shark” has become the first YouTube video to surpass 10 billion views. This was announced by company behind the song, Pinkfong via a Tweet below. In 2020, the same song was celebrated as the most viewed YouTube video ever. The song was recorded by Korean-American singer Hope…