Author: Staff Writer

Meta has announced that it is shutting down Jobs on Facebook outside of the United States and Canada effective 22nd February 2022. No reason was given for the decommissioning. This was mentioned in a product announcement that the Jobs on Facebook product was changing on February 22, 2022. Launched in…

China’s search engine, Baidu, has unveiled the first metaverse platform in China, called Xi Rang (It means “land of hope” in English). According to a report from South China Morning Post (SCMP), the platform “can be assessed via smartphones, computers or VR goggles, allowing users to create avatars and interact…

Nigerian born Fireboy DML (real name Adedamola Adefolahan) and British Ed Sheeran have done a remix of Fireboy’s famous song “Peru” and it is really blowing up the airwaves. This affirms the growing acceptance of Nigerian music in the global space. The video of the remix was released on YouTube…

The US Food and Administration Administration (FDA) has approved the first antiviral pill, Pfizer’s Paxlovid. According to the US FDA, Pfizer’s Paxlovid (nirmatrelvir tablets and ritonavir tablets, co-packaged for oral use) can be used for the treatment of mild-to-moderate coronavirus disease (COVID-19) in adults and pediatric patients (12 years of…

By using international SWIFT transactions you can send money transfers in different currencies to any bank (national or private) in Europe and the world. It is very handy if you work with international partners, or handle business abroad. There are two major problems, the first one is the time to process a SWIFT transfer. The second…

Delivery Hero, one of the Prosus companies, has announced that it would be leaving Germany for the second time and divesting from the Japanese market. In a pre-Christmas announcement, one of the world’s leading local delivery platform “plans to scale down its German operations, foodpanda Germany, to a Berlin-based hub…

It is unimaginable but true. Who would have thought that Google with all its services – Maps, Translate, Photos, Flights, Books and more – would ever be dethroned? Well, Google has been relegated to 2nd place as the most popular domain and it had to be TikTok. According to tech-security…

Software giant Oracle announced that it has agreed to buy Cerner, a leading health information technology provider for $28.3 billion. Founded in 1977, this is Oracle’s largest acquisition to date as it intends to boost its revenue and expand into healthcare industry with this acquisition. The deal sees Oracle acquiring…

Merck, a leading science and technology company, recently announced that it has signed an agreement with Innovative Biotech (IB), a Nigerian biotechnology company to design the manufacturing process for the first vaccine production facility in Nigeria. “We are committed to expanding access to life-saving and life-enhancing therapies to patients across…

Facebook now known as Meta, has announced that as from January 1 2022, all Facebook ads in Nigeria will attract 7.5% Value Added Tax whether for personal or business purposes. This means that when budgetting for your marketing spend for 2022, you need to factor in 7.5% for VAT. According…

Treepz’s mission to provide commuters with convenient and affordable means of transportation within cities and across Africa, is further accomplished with its newest partnership with CMS Taxi and Motor Nigeria Limited (CMS T&M) in Lagos. This partnership will see the CMS T&M passengers have access to a more convenient payment…

Ford Foundation announced its commitment of $3 million to launch the Extractive Industry and Climate Change Governance Fund, a five-year initiative to promote and support a more equitable governance of natural resources that leads to sustainable and inclusive development in West Africa. Focusing primarily on Nigeria and Ghana, the fund will…

Entersekt, a South African device identity and authentication solutions firm announced that it has received a significant investment from Accel-KKR, a leading technology-focused private equity firm. Entersekt says that the investment will enable it accelerate its roadmap, hire top talent and fuel expansion into new markets. “We are very excited to…

Loomzy Suites, a fast-rising boutique hotel chain has today announced its plan to expand its operations to turn around the face of hospitality and hotel management using technology, a post-pandemic necessity. This will see the business expanding some of its hospitality services to cater to its guests and non-guests through…

President Uhuru Kenyatta of Kenya has signed a new law to reign in digital lenders who have been operating in an unregulated regime and violating consumer privacy. These lending companies have been growing at a very fast rate partly due to people’s desperation for cash, healthcare or school fees. Since…

Whenever you are looking to buy a new car, safety is one of the most important things to consider, as it will help make sure that you get home safely every time. This is why as technology gets even more advanced and is moving at the speed of light, automakers…

Kenyan startup, Pariti, announced that it has secured $2.85 million in a seed round led by Harlem Capital. Other investors in the round included Better Ventures, Accelerated Ventures, Diverse Angels, AVG Basecamp and New General Market Partners. Pariti provides a community marketplace building infrastructure for entrepreneurship. It empowers businesses with…

Morocco-based mattress manufacturer, Dolidol, has acquired Nigerian premier mattress and foam maker, Mouka for $60 million to increase its footprint across Africa. The announcement was made by Investment firm, Development Partners International, who currently is backing Dolidol, having invested $30 million in the company in 2018. Established in 1972, Dolidol,…

Octamile, a Nigerian Insurtech startup, has emerged from stealth mode with $500k pre-seed funding to provide infrastructure solutions to the Nigerian Insurance Industry. The pre-seed funding was provided by a network of investors led by EchoVC with participation from Fiat Ventures, Kesho VC, Trade X, Verraki Partners, Dale Mathias, Kyle…

CloudTrucks, a tech-driven trucking company based in the US, announced that it has raised $115 million in a Series B funding round led by Tiger Global. Other participants in the round include Menlo Ventures, Flexport and angel investors Michael Ovitz and Opendoor CEO Eric Wu. With $20.5 million raised in 2020 Series A funding…