Author: Staff Writer

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…

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…