Author: Staff Writer

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

Pfizer and BioNTech has announced that its COVID-19 vaccine, BNT162b2, has been found to be more that 90% effective in preventing COVID-19 based on initial data from a large study, in the ongoing phase 3 trials. This is good news in the midst of second wave of the pandemic currently…

Kenyan logistics startup Lori Systems has secured an undisclosed investment from Imperial Logistics. It has also entered into a strategic partnership with the African and European-focused provider of integrated market access and logistics solutions. The Imperial and Lori Systems partnership in the Southern African Development Community (SADC) region will help…

Konga Yakata, the Black Friday sales of Nigeria’s leading composite e-Commerce giant, Konga, is set to go live on Wednesday, November 11, 2020 with mega surprises for shoppers. The 2020 edition of Konga Yakata will officially commence in the early hours of Wednesday, at 12.05am, November 11 and will run…

Moroccan startup, Atlan Space announced that it has raised $1.1 million in Series A round led by Maroc Numeric Fund II, with participation from Hilmi Law Firm and Cadex Group. The company intends to use the funds to scale its operations. Founded in 2016 by Younes Moumen and Badr Idrissi, Atlan…

Xend Finance, a Nigerian-based decentralized finance (DeFi) platform for credit unions and cooperatives, has announced their public launch following a $1.5 million strategic investment round. Companies involved in the funding round include Binance Labs, Google Developers Launchpad, AU21 Capital, Ampifi VC, JUN Capital, TRG Capital, and Sandeep Nailwal (Matic Co-founder),…

After a hard fought election, the Democratic Party candidates Joe Biden and Kamala Harris, emerged as the winners of the US Presidential elections and now the President-elect and Vice President elect. As at the time of this report and even still counting, Joe Biden has 279 electoral votes while the…

UK based development finance institution and impact investor, CDC Group, has announced a US$75 million debt commitment to Stanbic IBTC Bank PLC in Nigeria. Stanbic IBTC intends to use the funds to continue lending to businesses in sub-sectors of the economy that are important for domestic consumption and exports including…

OPPO recently launched the OPPO A93 in Nigeria. This is the follow up to the OPPO A92 launched in August 2020. Released globally on the 1st of October, the OPPO A93 measures 160.1 mm x 73.8 mm x 7.5 mm and weighs 164 grams. It sports a 7.48mm Ultra Sleek Body…

Guaranty Trust Bank Plc announced that it has secured approval-in-principle from the Central Bank to operate as financial holding company. This was disclosed in a press release by the company to the Nigerian Stock Exchange. According to the press release, Guaranty Trust Bank plc (GTBank or the Bank) is pleased…