Author: Staff Writer

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…

To celebrate Safer Internet day today, Google announced that it is giving 26 organisations across 9 countries in Sub-Saharan Africa grants of up to $100,000 to develop and scale projects in support of innovative ideas around digital literacy and online safety of children, young people and families. Last year, Google.org…

Just some days ago, we reported on the growing popularity of Clubhouse, the audio-only social network app in China. Now we have heard that China has blocked the app in China, adding it to a list of censored apps. Users in China reported that they could not get access to…

Skynamo, a market leader in field sales management technology, has acquired UK mobile field sales technology provider, mSeller, to grow their market share in the UK and enhance their order management functionality for field sales teams. Though the financial terms of the acquisition were not disclosed, the acquisition of mSeller…

The Nigerian government has since declared its stance on the crypto transactions in the country, stating that it prohibits dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges. Some days ago, the Nigerian Central bank directed that all deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions…

Audio-only social network app, Clubhouse, has experienced a huge surge as Chinese users have started flocking to the app, appreciating the fact that they can have candid, uncensored discussions about politics. Mobile analytics firm, Sensor Tower, reports that the app was downloaded 2.3 million times by 31 January. China has…

Tech giant Google revealed that it paid out $6.7 million to users who discovered bugs or security issues on their various platforms in 2020. This is slightly more than the $6.5 million it paid out on 2019. Tech companies usually offer rewards to users that report security flaws Google’s reward…

In these uncertain times, it is very important to ensure your relatives are safe and can be reached as quick as possible in emergency situations. The latest Samsung Galaxy smartphones come with a personal safety feature to assist with this and it is possible that many people do not know…

Cryptocurrency companies in Nigeria have started reacting to the Central Bank’s order to financial institutions to desist from dealing with them. The Apex bank directed that all deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) should close accounts related to cryptocurrency transactions or exchanges. Binance…

Social media giant, Facebook has announced the rollout of its online classifieds platform, Facebook Marketplace in Nigeria. Facebook Marketplace is a platform where people buy and sell. I must say it is surprising that it has taken this long to launch this service in Nigeria since it launched in South…

Apple is reportedly investing $3.6 billion in a strategic partnership with Kia Motors to build Electric vehicles. According to a local South Korean media report, DongA Ilbo, the iPhone maker plans to set up production with Kia and build the Apple cars at Kia’s facility in Georgia, U.S. The report…

Just a couple of days after blocking access to Facebook, the new military government has given a directive to all mobile operators, international gateways and internet service providers in Myanmar to block the social media platforms, Twitter and Instagram, till further notice. Norwegian telecom giant Telenor, which is one of…

To be an effective fleet manager requires more than a general awareness of the vehicles you are in charge of and the drivers who take them on the road every day. Being successful in this important role also means being on top of safety protocols, knowing how each vehicle is…

The Nigerian Central Bank has directed that all deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) should close accounts related to cryptocurrency transactions or exchanges. The apex bank sent this directive via a circular issued today to all financial institutions. It reminded the financial institutions…

InStrat Global Health Solutions, an indigenous health technology company has partnered with the Ogun State government to deploy its MedStrat Health Insurance Management System to support the State’s Contributory Health Insurance Scheme. InStrat Global Health Solutions has been providing mobile health insurance services to the Federal Government of Nigeria and…