Author: Staff Writer

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…

2020 marks Co-creation Hub’s 10th Anniversary and ‘Bosun Tijani had an interview to answer questions on its past, present and exciting future. Co-creation Hub (CcHub) was founded by ‘Bosun Tijani and Femi Longe and the idea came from the work both of them were doing in the UK where ‘Bosun…

Kenyan logistics startup, Sote, secures $3 million in seed funding to support its Nairobi and San Francisco operations.  The round which brings its total raise to date to $4.4 million, was led by MaC Venture Capital and joined by investors including Acceleprise, Backstage Capital, Future Africa, and Rob Solomon — Chairman at GoFundMe. In addition…

The Nigerian Stock Exchange All Share Index (ASI) rose above 5% during day’s trading for the first time since 2016 thereby triggering the NSE circuit breaker. This means trading on the Stock Exchange halted for 30 minutes from 12.55 p.m today till 1.25p.m. The circuit breaker is triggered to preventing…

The Nigeria Centre for Disease Control (NCDC), with support from UNICEF through the UReport platform,  has launched an SMS based  interactive  chatbot to provide Nigerians with timely and accurate information  on  COVID-19.  Currently, over 64,000 cases of COVID-19 have been recorded in Nigeria, with over 50,000,000 confirmed globally. One of our NCDC’s key…

Steps on how to transfer your Retirement Savings Account

Carma, a Kenyan based credit data marketplace has secured funding from Microtraction, an early-stage VC firm to expand presence across the continent and set up operations in Lagos, Nigeria. Carma is also relaocating its headquarters from Nairobi. Kenya to Lagos, Nigeria. Carma provides lending companies with access to real-time credit…

According to the current research, most of the beginners in CFD trading lose money and end the career. There are plenty of reasons behind it. Any kind of business and profession needs dedication. The dedication is about learning new things. A solid foundation of basic knowledge and skills will surely…

● Announcement of 48 Proofs of Concepts at the official Closing Ceremony