Author: Staff Writer

Writing a book is not for the faint-hearted. It is an experience that demands utmost commitment and takes you through a rigorous path of setbacks. Nevertheless, nothing gets as exciting as creating your own world and telling a story that has been within you for ages. It is an experience…

Just we reported on the investors rush for Clubhouse, the audio-app social media newbie announced that it secured more funding from Andressen Horowitz. Andressen Horowitz led the initial investment in the company last year valuing it at $100 million. According to the Clubhouse team in their words, the funds will…

I hear that a lot of investors are fighting to invest in the social audio app, Clubhouse. According to “The information”, Venture Capital firms approached the startup’s founders in recent weeks about leading its potential next round of funding at a roughly $1 billion valuation. The investors also tried buying…

Imagine the problem most electric car owners have with their batteries. It takes an average of 8 – 10 hours for a full charge. This is surely one of the reasons the electric car owners envy their fuel-powered counterparts who just breeze into a fuel station and within minutes, they…

Just when we celebrated the commercial rollout of Alphabet’s Loon internet project in Kenya, the company announced that it was shutting down the project because it was taking too long to become commercially viable and it was riskier than the team had hoped. Project Loon was first muted in May…

Global emerging markets Investment firm, Actis, has sold off its stake in C&I Leasing to Peace Mass Transit, a transport company in Nigeria with interests in Banking, Oil and Gas, Pharmaceuticals, Agro Chemicals and Auto Assembly. Peace Mass Transit purchased 313,326,316 units of the Neoma Africa Fund L.L.C. (formerly Aureos…

Turkey has imposed an advertising ban on social media platforms Twitter, Pinterest and Periscope for failing to comply with a controversial new law that requires social media platforms to appoint legal representatives in the country. The new law was enforced to ensure the representatives deal with complaints about content on…

Telecoms giant, Orange, has announced the spinoff of its VC arm, Orange Ventures, into a separate entity and allocated 350 million euros for tis takeoff to make it more agile and competitive in seeking out and supporting the best start-up talent worldwide. Orange Ventures invests in high-growth sectors, in areas…

There is no doubt that the COVID-19 pandemic has presented a range of challenges to businesses, and digital marketing is no exception. Many companies have struggled to know how to communicate with their customers during the crisis, and whether they should be marketing their products at all at the moment.…

Ardova Plc (AP) an integrated energy company based in Nigeria, has announced that it is in acquisition discussions with Enyo Retail and Supply Limited (“Enyo”). This announcement was made in a statement released by Ardova to the Nigerian Stock Exchange. Enyo, established in 2017 and owned majorly by Folawiyo Energy,…

Heirs Holdings  in partnership with affiliated company Transnational Corporation of Nigeria Plc has announced the acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings and Transcorp), from the Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and…

I am sure Moxie Marlinspike, CEO of Signal could not have predicted the surge in new users as people are leaving WhatsApp in droves due its anticipated change in its privacy policy. Good as it may, the company is trying to cope with this increase but it suffered a global…

Chinese search giant, Baidu, has announced its entrance into the electric car production race with the establishment of a smart car company, named Baidu Automobile Company. It has enlisted the services of Geely Auto Group, a leading automobile manufacturer based in Hangzhou, China as a strategic partner in the new company.…

Tech giant, Samsung unveiled its latest flagship series – Galaxy S21, Galaxy S21 Plus, and Galaxy S21 Ultra at a Galaxy Unpacked event some days ago. Like the predecessor, the S20 series launched in 2020, the Samsung S21 series consists of three phones: the Samsung Galaxy S21, S21 Plus, and…

Visa and Plaid announced that they have terminated their merger agreement and agreed with the US Department of Justice to dismiss the litigation related to the transaction. Both companies issued a joint announcement in January 2020 of the merger in a $5.3 million deal. The deal was expected to strengthen…

Telegram announced that more than 25 million new users joined the platform in the last 72 hours alone in the wake of WhatsApp decision to change its Privacy policy which integrates data with Facebook platform starting February 8. According to founder and CEO Pavel Durov, Telegram also surpassed 500 million monthly active…

Gro Intelligence, an AI-powered insights company founded in Kenya, announced that it has raised $85 million in Series B funding. The round was co-led by Intel Capital, Africa Internet Ventures (a strategic partnership between TPG Growth and EchoVC), and the family offices of Ronald Lauder and Eric Zinterhofer. They were…

Ken Njoroge, one of the co-founders and CEO of Cellulant, a pan-african payments company has announced that he would be leaving the company in 2021. He made this announcement via a blogpost last week. In his own words, he said, “After 18 years of running Cellulant, I have decided that…

It is an undisputed fact that most internet users have heard of the word “cryptocurrency or bitcoin”. The first cryptocurrency was launched far back in 2009 (bitcoin) by an unknown person or group of persons called Satoshi Nakamoto. Cryptocurrency is actually not a new word. This word has been in…

Social media platforms Facebook, Twitter and Instagram, have locked out the US President, Donald Trump out of his account due to his incendiary comments concerning the US Capitol storming by supporting rioters to block Biden’s win. Early in the day, Trump supporters stormed the the United States Capitol, the meeting…