Author: Staff Writer

Innovation is at the heart of business. A successful company is all about bringing improvement to some sector of people’s lives, providing for a want or a need in the form of goods or services. Sometimes, this may be something entirely new, but other times, it could be improving on…

Ride sharing business, Bolt, formerly known as Taxify, has launched its food delivery business, Bolt Food, in Nigeria. Bolt launched its food delivery service globally in August 2019 and launched in Nairobi, Kenya in March 2021. Bolt claims it has over 30 million customers worldwide and this should another value…

Nigerian Fintech Startup, Payday, announced that it has secured $1 million in pre-seed funding to build a platform to enable swift global payments for Africans. Investors include LoftyInc Capital, Microtraction, Magic Fund, Ventures Platform, Voltron Capital, CcHub Syndicate, Helicarrier Inc, Greencap Equity, Midlothian Angel Network, Emergence Capital, Olugbenga Agboola (GB).…

Tech giant Google announced that it is going to invest $1 billion in Africa to improve connectivity across the continent and invest in startups over the next five years. According to Google and Alphabet CEO Sundar Pichai in a Google Africa event today, the investment will cover four broad initiatives…

Bitmama, an African blockchain company announced that it has closed a $350,000 pre-Seed round, led by Flori Ventures, with participation from Nigeria-based investment fund Emergence Capital, Fedha Capital, and a host of VCs and angel investors. Bitmama says that this new funding will help the company grow its operational presence,…

Finally, Apple has decided to allow its users FaceTime with Android and Windows users. Hitherto, Apple users could only do FaceTime with other users using iPhones, iPads and Macs. Released in 2010, FaceTime is a proprietary videotelephony product developed by Apple Inc. It is available on supported iOS mobile devices…

During the Independence day speech on the October 1 by the Nigerian President, his excellency Muhammadu Buhari listed conditions for lifting Twitter ban. The social media giant was suspended indefinitely in Nigeria in June 2021 by the government citing the persistent use of the platform for activities that are capable…

The Central bank of Nigeria (CBN) has postponed the October 1 launch of the much anticipated eNaira, its Central Bank Digital Currency (CBDC). eNaira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira. eNaira serves as both a medium of exchange and…

The frontier of innovation is often defined by advancements in modern technology. Regardless of the industry in question, tech solutions can mold the shape of modern business and strive to answer complex questions. For anyone involved in the distribution or the manufacturing of goods, finding new ways to approach familiar…

Pan-African Crypto exchange, Yellow Card, announced it has raised $15 million in Series A funding to grow its team, introduce new products and continue its expansion across the continent. Said to be the largest funding raise by an African Crypto exchange, it was led by Valar Ventures, Third Prime, and Castle…

China’s central bank, on Friday, declared that all cryptocurrency-related transactions are illegal and they must be banned. The apex bank cited concerns around national security and “safety of people’s assets.” Ten agencies, including the central bank as well as banking, securities and foreign exchange regulators, vowed to work together to…

Nigerian dried fruits startup, ReelFruit, announced that it has closed a $3million Series A investment to scale its production. The funding round was led by Alitheia IDF who invested $2million while other investors include Samata Capital and Flying Doctor Healthcare Investment Company The dried fruit snack brand intends to use…

Nithio, an AI-enabled energy financing platform in Africa, announced that it has secured $10 million from U.S. Development Finance Corporation (DFC) to scale its data-driven financing to impact more 3.5 million people by 2025 and drive climate change adaptation efforts in Kenya, Uganda, and Nigeria. This investment alongside FSD Africa…

Helios Investment Partners announced that it has exited from GBfoods Africa with the sale of its 49% to GBfoods S.A. (GBfoods). In 2017, Helios partnered with Spanish based multinational food company, GBfoods S.A., to create one of Africa’s largest Fast Moving Consumer Goods (FMCG) businesses. GBfoods Africa acquired assets from different African…

CDC Group, the UK’s development finance institution (DFI) and impact investor, has invested $50.9 million to fund development projects in rural and underserved communities across sub-Saharan Africa. These projects are to expand digital infrastructure, boost rural connectivity and accelerate digital technology access across the communities. The capital will support the continued…

London based but African-inspired restaurant, Ikoyi, has won the American Express “One To Watch Award” 2021 by World 50 Best Restaurants. The American Express One To Watch Award recognises a restaurant considered to be a rising star on the global dining scene and aims to celebrate gastronomic excellence and innovation.…

The management of abokiFX has temporarily suspended the publication of currency exchange rates on its website henceforth. This action was made known via a press release this evening apparently in response to CBN’s claim that the company was using its site to manipulate the exchange rate to make profits from…

The boss of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has confirmed the investigation of Oniwinde Adedotun, the founder of abokiFX. According to the CBN Governor responding to questions fielded after the Monetary Policy Committee (MPC) meeting on Friday, September 17, 2021, the apex bank has been investigating…

The United Nations Development Program (UNDP) in partnership with EpiAFRIC, Reboot and Nigeria Health Watch today announced an open call for submissions to the #Hack4COVIDWaste, a hackathon designed to develop solutions that will combat the issue of poor management and disposal of COVID-19 waste. The hackathon will be a hybrid…

NFT is an acronym for Non Fungible token, although they have been in existence for a while, however, the adoption is on the rise because they are popular ways you can sell your digital masterpiece. You might be wondering what a Non Fungible Token means. As the name implies, non-fungible…