Author: Staff Writer

Flourish Africa, women empowerment movement founded by Mrs Folorunso Alakija to serve as a catalyst for female empowerment and development, has announced the launch of a N1 billion fund to promote female-owned businesses in Africa. According to the statement announcing the fund, Mrs Alakija disclosed that the initiative would focus…

Process equipment is a significant business investment, and the decision to purchase one can be a daunting prospect. You’ll have to think about the model, size, brand, technology, and many other features of the machinery you need. There are usually a lot of things to consider to make the purchase…

Lifebank, a healthcare technology and logistics company based in Lagos, has unveiled a 700 cubic metre medical oxygen plant, AirCo, in Nasarawa State in a bid to scale up Nigeria’s capacity for oxygen supply. The AirCo by Lifebank oxygen plant in Nasarawa State was built with support from Oxygen Hub,…

Revolut, a UK Fintech announced that it has raised $800 million in a new funding round and this has pushed its valuation to $33 billion (£24 billion), thereby making it the biggest Fintech in the United Kingdom. The new funds raise was led by SoftBank and Tiger Global Management, which gives…

Truck rollover accidents may not occur nearly as frequently as some other types of road accidents, but when they do happen, they have the potential to be more devastating than the average accident. According to the National Highway Traffic Safety Administration (NHTSA), rollover crashes account for roughly 30% of all…

Plentywaka, Nigeria’s largest shared mobility platform which provides safe, comfortable and convenient rides on demand using cutting edge technology has announced yet another groundbreaking move. As part of its continued efforts to revolutionize the public transportation sector in Nigeria, the Techstars funded startup has today partnered with Autochek Africa to…

Billionaire Virgin Group founder, Sir Richard Branson has successfully completed his trip to outer space on board the Virgin Galactic passenger rocket plane with two pilots and three other passengers. Though it was scheduled to take off at 2.00p.m. WAT, it finally took off at 3.30p.m. WAT. The three people…

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…