Author: Staff Writer

Some small businesses may be hesitant to invest too much in security thinking that hackers do not target small operator. Contrary to popular belief, small businesses are as much at risk of cyber attacks as large corporations. You may think that hackers are more likely to target large companies that…

EpiAFRIC and partners will be having the 6th edition of the Health meets Tech Hackathon. This year’s event is Pan-African with participation from across the continent. The initiative is designed to build an ecosystem of heath and tech practitioners to design and deploy contextually-relevant tech solutions across Africa. This year’s…

Agricorp International, a Nigerian-based spices producing, processing, and exporting company announced that it has raised $17.5 million in Series A funding to increase its processing capacity up to 7000 metric tonnes. The funding round was led by Vami Nigeria, contributing $11.5 million and other participants include One Capital LLC and AFEX. Founded…

Prosus, a subsidiary of SA based Naspers, announced that it is acquiring Indian based payments company, Billdesk for $4.7 billion. Prosus intends to merge BillDesk with its PayU fintech group. This acquisition will make PayU a major global online payment provider handling four billion transactions annually and with about $147…

There are a lot of things employers have to do in order to make working from home a safe, secure option for their workers. It involves updating to a zero trust security model, choosing collaboration software, determining schedules, and more. There’s a lot they have to do, but there’s a…

Social media giant TikTok has banned all videos pertaining to the viral Milk Crate Challenge on its platform due to safety concerns. So it has deleted search results for the hashtag “milk crate challenge” on its app and issued a statement depicting the challenge as a dangerous activity. “TikTok prohibits content that…

Globacom, a mobile telecoms company based in Nigeria, has launched a new mobile television service called Glo Tv which offers premium all-round entertainment, news and sports content. Glo TV app is powered by the reliable Glo 4G technologies, which ensures a smooth streaming experience “We are confident that with the…

Benyamin Ahmed is just 12 years old and he is already making money from the sale Non-Fungible Tokens (NFTs). He has already made $350,000 from the sale of collection of digital art he coded, called Weird Whales, as non-fungible tokens (NFTs). Weird Whales is an NFT collection which features 3,350 pixelated whales, each…

Nigerian shared mobility platform Plentywaka has raised $1.2 million in a funding round led by Canadian-based VC firm The Xchange. Other participants in the round include SOSV, Shock Ventures, Techstars Toronto, Argentil Capital Partners, ODBA & Co Ventures and angel investors from Canada, other parts of Africa, and the U.S.…

South African retail giant Shoprite Group has launched a digital business hub named ShopriteX which seeks to combine data science, technology and innovation with its operational strength to provide increasingly enhanced customer experiences.  ShopriteX states that it has already delivered two industry-leading innovations – Xtra Savings, South Africa’s fastest-growing rewards programme with 20 million members to date, and Checkers Sixty60 the first on-demand 60-minute supermarket grocery delivery service in South…

Alerzo, an eCommerce B2B startup based in Nigeria, announced that it has raised $10.5 million in a Series A funding round led by New York-based Nosara Capital. FJ Labs and several family offices from the U.S., Europe and Asia. This brings total raised since inception to more than $20 million.…

As at August 2021, here are the current DStv packages and prices in Nigeria. This will help you in deciding the package to go for. As you would notice from the list below, some of the packages such as DStv Access and DStv Family have been retired. DSTV rates (per…

A federal high court based in Abuja has granted the request of the Central Bank of Nigeria (CBN) to freeze accounts of six Fintech companies for 180 days. The six Fintech startups affected are Rise Vest Technologies Limited, Bamboo Systems Technology Limited, Bamboo Systems Technology Limited OPNS, Chaka Technologies Limited,…

CapitalSage Technology Limited, an integrated fintech group in Nigeria, has successfully raised $4 million (N2.2 billion) in a Series 1 Private Company Notes (“PCN”) issuance, under its N10 billion programme, to accelerate the company’s growth across different markets both in Nigeria and Africa. The Series 1 issuance, with a 365-day tenor, was subscribed with firm commitments…

TeamApt, a leading provider of financial services for Africa’s underserved, has announced the beneficiaries of its Women in Tech internship program. They are Tefe Mebuiefene (Frontend Engineer), Marvelous Frank-Solomon(Backend Engineer), Binta Umar(Backend Engineer), Omenebele Ananenu(Backend Engineer) and Barakat Ajadi (Technical Support Engineer). TeamApt’s Women in Tech Internship Program is designed…

Chinese tech giant, Xiaomi, has unveiled its first entry into the world of robotics, named Cyberdog a quadruped robot dog. The Xiaomi Cyberdog resembles the robot dog “Spot” from the US company, Boston Dynamics which was recently acquired by South Korean multinational automotive manufacturer, Hyundai. Xiaomi says that the open-source…

Samsung unveiled the next generation of foldable smartphone series at the Samsung Unpacked event held today – the Galaxy Z Fold3 5G and Galaxy Z Flip3 5G “With Galaxy Z Fold3 and Z Flip3, Samsung is once again redefining the possibilities with foldable smartphones that empower users with the flexibility…

Chekkit, a Nigerian healthtech startup, announced that it has raised $500k in a pre-seed funding round to strengthen its anti-counterfeiting and consumer engagement solution as well as build out its supply chain tracking and infrastructural optimization technologies. Investors in this round include Launch Africa, Japan Strategic capital, Blockchain Founders Fund, and two syndicate groups of angel investors.…

FirstCheck Africa, a female-focused Angel fund co-founded by Eloho Omame & Odunayo Eweniyi, has announced its first investments in four female-founded companies – Foondamate (South Africa),  Healthtracka (Nigeria), Tushop (Kenya), and Zoie Health (South Africa). It is investing $25,000 in each of these four companies. Launched in January 2021, FirstCheck Africa was…

Decagon, a software engineering company, set up by serial founder Chika Nwobi, announced that it has raised $1.5 million in a seed round and a $25 million loan financing facility to support students in its software engineering program. The seed funding included Kepple Africa, Timon Capital and some angel investors…