Author: Staff Writer

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Konga, Nigeria’s foremost e-Commerce giant, is set to make available over 35,000 units of laptops, Personal Computers (PCs), tablets and complimentary printers at giveaway prices for Nigerians through Konga Bulk, its innovative, bulk purchasing platform for those buying large quantities while also offering the same opportunity to retail buyers as…

Pan-African fintech giant already working on deployments with institutional customers

Interswitch, Africa’s leading technology-driven company focused on the digitization of payments in Africa, has announced its partnership with Finastra, one of the world’s largest fintechs, to deliver innovative, world-class technology-based solutions for digital payments, corporate banking, treasury and trade finance, to financial institutions in Africa. Consistent with Interswitch’s market expansion…

Uber has launched Uber Pass in South Africa. This is the first market Uber is launching this service in Europe, Middle East and Africa. Uber Pass is a monthly subscription plan that combines rides, eats, bikes and scooters. For a fixed monthly fee, you get discounts on both rides and…

South Africa fintech, Ukheshe, announced that it would be acquiring Oltio from Mastercard. Oltio is the mobile payments technology company that developed the digital payments platform that supports Masterpass, Mastercard’s QR payment service in South Africa and enables people to safely pay for a wide variety of purchases with their bank…

Starting with smartphones on Android 10, you can share your WiFi password with anyone nearby using QR codes. It beats having to remember long WiFi passwords and also having to tell them the passwords. This is how it works: Create a QR code on your Android 10 smartphone Go to…

The board of 9 Payment Service Bank (9PSB) has announced the appointment of Branka Mracajac as its CEO designate. 9PSB, a subsidiary of 9mobile, was recently granted final approval by the Central Bank of Nigeria, to commence operations in fostering financial inclusion in Nigeria’s banking ecosystem Branka Mracajac, a Serbian,…

The Nigerian Pension Commission has now opened the Retirement Savings Account (RSA) transfer window which makes it possible for you to change your Pension Fund Administrator in line with Section 13 of Pension Reform Act, 2014. Here are 3 factors to consider when changing your Pension Fund Administrator as you…

Maybe you know a little about how lawsuits work. Perhaps you’ve even brought a lawsuit against an individual or company before. It’s a perfectly valid thing to do if a person or business entity harmed you, and you can prove it was their fault. If so, you might have heard…

Nigeria’s Foodlocker, Kenya’s Mhogo Foods and Nigeria’s ReLeaf have emerged as winners in the African Development Bank’s $120,000 AgriPitch competition. These agritech businesses won cash prizes in the categories listed below: Mature Start-ups Winner: Femi Aiki, Foodlocker, Nigeria ($40,000)Runner-Up: Noel N’guessan, Lono, Côte d’Ivoire ($20,000) Women-empowered Businesses  Winner: Elizabeth Gikebe, Mhogo Foods, Kenya ($20,000) Runner-Up:…

African cross-border fintech startup, Chipper Cash announced that it has raised $30 million in series B funding led by Ribbit Capital and Bezos Expeditions — Amazon CEO Jeff Bezos’ personal VC fund. This brings total funding secured this year to $43.8 million; having secured $13.8 million in a Series A…

Accelerex also acquired a majority stake in SLS Microfinance Bank to serve the financial needs of its fast-growing agent banking business

Since 2018, Wallets Africa has made it easy for users to carry out transactions across the continent with just an app and a card. Now, it is teaming up with Visa to reach a wider market. The idea for Wallets is simple – financial transactions carried out through digital wallets.…

Media giant, Naspers, announced that it has invested R45 million ($2.9 million) in an online learning platform named The Student Hub. Naspers did the investment through its South Africa-focused start-up funding initiative, Naspers Foundry. This brings the total investments to approximately R200 million since its launch in 2019. Naspers Foundry…

TalentQL announced that it has raised $300,000 in a pre-seed round led by Nigerian investment firm, Zedcrest Capital and accompanied by angel investors – Venture Platform’s Kola Aina and former Andela Executive, Prosper Otemuyiwa. Launched a week ago, TalentQL — Talent Quiet Location — seeks to build a pipeline of…

Ugandan-founded bike hailing service, Safeboda, is shutting down operations in Kenya. The company made this known via its official Twitter handle. According to the company, it will suspend operations as from 27th November 2020. In the official release, it said, “Safeboda has made a very difficult decision to pause Rides…

Wuilt, an Egyptian website builder, has raised $535,000 in seed funding to deepen its capabilities and expand its footprint in Saudi Arabia. The funding was led by UK-based MENA Technology Fund, DAAL VC along with a cluster of angel investors. The round included follow-on investment from Flat6Labs Cairo Founded in…

Ecodudu, a Kenyan based waste-to-value company, has secured an undisclosed investment from ShEquity, a fund focusing on empowering African women-led businesses. The company intends to use the funds for strategic investments into scaling and growth plans. Founded by Starlin Farah and Adan Mohammed in 2016, Ecodudu uses a proprietary innovation…

Hyundai has unveiled the first locally assembled electric car, the Hyundai Kona, in Nigeria. The car is assembled by by Stallion Group Automobile at Ojo in Lagos. The unveiling was done by the Lagos state governor, Mr Babajide Sanwo-Olu. He said that with the unveiling of the car, Nigerians can…