Author: Staff Writer

Innovation Village is giving away one (1) Xiaomi RedMi 9C smartphone. Launched in Nigeria in July 2020, the Xiaomi RedMi 9C retails for N62,000 in Nigeria. However this can be yours free of charge if you participate in this giveaway. Key features of smartphone are as follows: Display: 6.53 inches, 102.9 cm2 (~81.1% screen-to-body…

Eloho Omame, the inuagural MD/CEO of Endeavor Nigeria is stepping down from the helm of affairs today. She stated this in a medium blog post today as her 3 year tenure comes to an end. She is being replaced by Tosin Faniro-Dada who until recently, was Director of Programmes &…

Streaming giant Netflix will be looking to capitalize on the growing global fame of the South Korean entertainment industry. It is no news that South Korean TV shows and K-pop are taking the world by storm amassing feverish fans and have become global successes. The company announced on Thursday that…

Ghana became the first country outside India to receive the COVID-19 vaccine shipped via the COVAX Facility. On 23 February, COVAX shipped 600,000 doses of the AstraZeneca/ Oxford vaccine, from the Serum Institute of India (SII) from Pune, India to Accra, Ghana. This is the first batch shipped and delivered…

South Africa’s digital bank, TymeBank, announced that it has secured $109 million from new investors in the UK and Philippines. The investors are Apis Growth Fund II, a private equity fund managed by Apis Partners, and Gokongwei-owned JG Summit Holdings, one of the largest conglomerates in the Philippines. This is…

Chinese tech giant, Huawei, has unveiled its new foldable phone named the Mate X2. The is the second iteration of its foldable series following the first device, the Mate X, launched in 2019. Due to the ongoing trade restrictions between Huawei and the US, the Mate X2 will launch without…

One of the new features on Android 12 is that you can now share WiFi password in an easier way and it doesn’t involve scanning QR codes. It uses the Android smartphone “Nearby Share”. Hitherto from Android 10, if you want to share your WiFi password with a friend, you…

Luxury goods brand LVMH Moët Hennessy Louis Vuitton and Jay-Z have entered a partnership which will see LVMH acquiring 50% stake in Armand de Brignac, Jay-Z’s Champagne line known as Ace of Spades. The financial details of the deal was not made public. Jay-Z bought Armand de Brignac in 2014…

South America’s DJ group, Tropkillaz has teamed up with Nigerian singer Tiwa Savage to do a remix of one of Bob Marley & The Wailers legendary hits – “Jammin” The video of the song released on YouTube yesterday, consists of animation and a collage of photos that include Bob Marley…

Currently trading at over $55,000 for 1 bitcoin, the cryptocurrency is now ranked the 6th most valuable asset in the world surpassing the $1 Trillion market capitalisation. As at the time of writing this report, it is trading at $55,475.70. The market value of Bitcoin is calculated by multiplying the…

The National Agency for Food and Drug Administration and Control (NAFDAC) has approved the use of Oxford/AstraZeneca COVID-19 vaccine in Nigeria. Professor Mojisola Adeyeye, Director-General of NAFDAC, made this known in a press conference on Thursday morning, saying the agency received the dossier of the vaccine a week ago, and…

Some hours ago, US National Aeronautics and Space Administration (NASA) most advanced rover, Perseverance landed on Mars safely greeted with great applause. The largest, most advanced rover touched down on the red planet after a 203-day journey traversing 293 million miles (472 million kilometers) Packed with groundbreaking technology, the Mars…

TIME Magazine has just released its 2021 TIME100 Next list and six Nigerians made the list. This is the second annual TIME100 Next list—an expansion of the magazine’s flagship TIME100 franchise. They are Davido, Olugbenga Agboola, Nse Ufot and cofounders of the Feminist Coalition – Damilola Odufuwa, Odunayo Eweniyi and Feyikemi ‘FK’ Abudu TIME100…

For some weird reason, this year’s Valentine came with a bigger buzz than it usually does. Everyone everywhere was talking about Valentine days before it actually arrived; what they would get, what they shouldn’t be given, whether or not they were going to get anything. Without a doubt, Valentine’s day…

Today, Amitruck announces an undisclosed investment led by US- based Dynamo Ventures with participation from Plug and Play Ventures and a collection of  strategic angel investors. Funds will be used to expand its growing client base in East Africa.   Launched in 2019 in Kenya, Amitruck is a trucking logistics marketplace…

Nigerian former Minister of Finance, Mrs Ngozi Okonjo-Iweala has been formally appointed as the next World Trade Organisation (WTO) Director-General. She becomes the first woman and first African to hold this post. The announcement was made on the organisation’s Twitter handle. She had been earmarked for the position as far…

Social media giant, Facebook, is said to be working on a Clubhouse clone. According to a report from The New York Times, Facebook executives have ordered employees to create a similar product and it is said that the product is in its earliest stages of development. Clubhouse is an invitation-only…

South African owned telecoms company, MTN, has announced that it is exiting Belgacom International Carrier Services SA (BICS) with the sale of its 20% shareholding for 1.8 billion rand ($121.41 million/€100 million) The African telecoms giant says it intends to use the funds to pay down its US dollar debt…

SunCulture, a solar irrigation company based in Nairobi, received its first disbursement from a new $11m syndicated debt facility arranged by SunFunder, to expand across sub-Saharan Africa. SunFunder arranged as well as invested in the facility, leading a group of lenders comprising Triodos Investment Management, Nordic Development Fund, AlphaMundi and…

Nigerian owned media based company, IROKO is aiming to raise between $20 million and $30 million via an Initial Public Offer (IPO) on the London Stock Exchange within the next 12 months. According to TheAfricaReport, IROKO is seeking a map capitalisation of $100million and it has chosen to raise the…