Author: Staff Writer

The core values of a business are fundamental to everything you do. These values mean that everyone working under the same roof understands the ultimate goals they are working towards. Most businesses now understand the importance of defining their core values. However, these shouldn’t be something that you set at…

Multi-award winning music producer and founder of Mavin Records, Don Jazzy, has announced the launch of a new crowdfunding platform called Sapiofunds to assist people in raising funds for social causes. According to Don Jazzy, real name – Michael Collins Ajereh, he teamed up with a friend (possibly Sonnia Agu),…

Nigerian lending startup, Lidya, announced that it has secured $8.3 million in a pre-Series B funding round. The company secured $1.25 million in 2017 and $6.9 million in 2018. The seed round was led by Alitheia Capital via its uMunthu Fund and other investors including Bamboo Capital Partners, Accion Venture…

Daystar Power, a hybrid power company, announced that it has secured a $20 million facility from International Finance Corporation (IFC). IFC is providing the loan to Daystar Power’s Nigerian subsidiary to invest in hybrid renewable energy systems. The company recently raised $38 million in January 2021 in a series B…

On Sunday, China’s cyberspace regulator blocked Didi Chuxing, the Chinese ride hailing company from App stores in China. This came just days after the company pulled off one of the largest U.S. initial public offerings, raising $4.4 billion. According to the Cyberspace Administration of China, the company committed serious violations…

Innovation Village is giving away one (1) Infinix Hot 9 smartphone. Released in Nigeria in April 2020, the Infinix Hot 9 retails for N70,000 in Nigeria. However this can be yours free of charge if you participate in this giveaway. Key features of smartphone are as follows: 6.6″ HD+ INFINITY-O DISPLAYBattery: 5000mAh 4-DAY…

The quest to produce a commercial flying car got a big boost some days ago when AirCar, a dual-mode car-aircraft vehicle, completed the first ever inter-city flight. The flying vehicle, produced by Klein Vision, conducted a 35-minute flight from the international airport in Nitra to the international airport in Bratislava…

In Norway, the government has passed a law that social media influencers and advertisers now have to label photos that have been retouched. This includes ads where someone’s shape, size or skin has been altered. They will have to include a label designed by the Norwegian Ministry of Children and…

Nigerian micro-lending Fintech startup, FairMoney, announced that it has raised $42 million in a series B round led by an American investment firm, Tiger Global. Other participants in the round include DST Partners, Flourish Ventures, Newfund, and Speedinvest. FairMoney intends to this raise to diversify its offerings and expand to…

Village Capital, with the support of International Finance Corporation (IFC) today announced the 21 early-stage startups that were selected to take part in Sustainability MENA 2021, an investment-readiness program for Middle East and North Africa (MENA) and Turkey-based startups that are tackling the region’s most pressing sustainability challenges. A total of 21 companies were selected to participate…

Nigerian Fintech startup, TeamApt, which provides financial services for the underserved mass market in Africa has announced the completion of its series B funding round. In 2019, it closed $5.5m in a Series A Funding round. Led by Novastar Ventures with participation from FMO, Global Ventures, CDC, Oui Capital, Kepple Africa…

Nigerian Lending Fintech, Payhippo, announced that it has secured $1million in pre-seed funding. Investors include Africa tech investors such as Ventures Platform, Future Africa, Launch Africa, Sherpa Ventures, DFS Lab and International investors such as Hustle Fund and Mercy Corps Ventures. The company says it had prior Friends and Family…

Sir Tim Berners-Lee, the creator of World Wide Web, has sold the original source code as NFT for $5.4 million. It was sold to an unidentified buyer, through auction house Sotheby’s. The auction started on the 23rd of June, with an opening bid of $1,000. An NFT is a digital…

As the European Union (EU) launches its Digital COVID Certificate today 1st July, many Nigerians and indeed Africans may face challenges travelling to the EU under this new “Green Pass” regime This is due to the fact that the EU has not approved the AstraZeneca vaccine manufactured by the Serum…

Following the addition of the UEFA Euro 2020 earlier this year, Showmax Pro subscribers across the continent will soon be able to live stream hundreds of Olympic events on the streaming service from 23 July – 8 August 2021. The Olympic Games Tokyo 2020 were postponed to 2021 as result of the Covid pandemic. While World War I and II led to…

Ghanaian Fintech startup, Zeepay has completed a US$7.9 million Series A funding round to help it further expand across Africa. The funding round is a hybrid of equity and balance sheet funding to support its operations and was led by I&P, an impact investing group with over USD250m in assets…

Nigerian healthcare startup, MDaaS Global announced that it has raised $2.3 million in seed extension led by Newtown Partners via the Imperial Venture Fund, with participation from CRI Foundation, FINCA Ventures, Techstars, and Future Africa, among others. The company is using this new funding to launch ‘SentinelX’, a digital health membership that champions preventive, personalized, and continuous…

Jetstream, a cross-border trade logistics startup, announced that it has raised $3 million seed round which involved the following local and foreign investors – Alitheia IDF, Golden Palm Investments, 4DX Ventures, Lightspeed Venture Partners, Asia Pacific Land, Breyer Labs, and MSA Capital. Launched in 2018 by by Miishe Addy and Solomon Torgbor, Jetstream…

Social media giant, Facebook, hit the $1 trillion market cap for the first time ever on Monday during trading. It becomes the fifth US company after Apple, Microsoft, Amazon and Alphabet to achieve this feat. Apple and Amazon accomplished the feat in the summer of 2018, while Microsoft hit $1 trillion for…

Pan-African digital bank, Carbon, has entered into a five-year partnership with tech giant Visa to issue virtual and physical debit cards to its customers across Africa. Carbon intends to start issuing debit cards in the the third quarter of 2021 and this partnership see the digital bank leveraging Visa’s payment…