Author: Staff Writer

As we enter the final stretch of what has been a generally disastrous year, we can take stock of the damage that Covid-19 has caused to the economy. New research from Technavio suggests that the microcontroller market might be one of the luckier sectors. Microcontroller Market Highlights Covid-19 has hit…

The Online portal for the registration of beneficiaries for N75 billion Survival Fund for micro, small and medium enterprises (MSMEs) opens today Monday 21 September at 10.00p.m. local time. The MSME Survival Fund is a conditional grant to support vulnerable micro and small enterprises in meeting their payroll obligations and…

Mono, an API Fintech startup, has just secured $500,000 pre-seed funding from Lateral Capital, Ventures Platform and Golden Palm. Other investors include Rally cap, Idriss bello, Olumide Soyombo. With this new funding, Mono intends to primarily invest in the following: Mono intends to be the go-to financial data infrastructure API platform in Africa; to…

Zeena Platform and Power Bits Crunchers emerged winners at the recently concluded Lagos Smart Meter Hackathon. Zeena Platform won in the software category while Power Bit Crunchers won in the hardware category. There were 274 entries and 10 finalists for the hackathon. The 10 finalists were: 5 finalists from hardware…

Nigeria can unlock its full economic potentials if majority (if not all) of its citizens have digital identity as proposed by the National Identity programme. This call was made by Mitchell Elegbe, Founder and Group Managing Director, Interswitch Group, during a webinar organised by TechCabal in partnership with VerifyMe themed:…

Founders Factory Africa (‘FFA’) announced today that it has selected a new Health venture RxAll into its Venture Scale programme. The venture development company, along with its corporate investors Netcare Group and Standard Bank Group, are excited to welcome the business founded by CEO and Founder Adebayo Alonge, and Co-Founders Amy Kao…

All is set for the 2020 edition of the Konga Freedom Sales, an annual promotion by the foremost composite e-Commerce giant targeted at celebrating Nigeria’s independence anniversary. Specifically, the Konga Freedom Sales goes live on Monday, September 21, 2020 and will run until Friday, October 9, 2020 across Nigeria. The…

Chinese ByteDance is seeking a $60 billion valuation for TikTok as it has agreed to Oracle and Walmart acquisition of 12.5% and 7.5% stakes respectively in the new company called TikTok Global. TikTok Global will be responsible for providing all TikTok services to users in United States and most of…

South African Gospel song “Jerusalema” has been officially announced as the most Shazamed song in the world. This announcement was made by the audiovisual identification app, Shazam, on Twitter. The song has been shazamed more than 4.5 million times Recorded by producer Master KG and featuring vocals by Nomcebo, the hit…

Educational Resource giant, Oxford University Press, has provided free access to 200+ digital versions of Student Books whilst schools are affected by the coronavirus. This is to support teaching and learning at home and the access is for primary and secondary school, O-Level, A-Level, Caribbean Secondary Education Certificate (CSEC), and Caribbean…

Nigerian Ukonwa Ojo has been named the new Chief Marketing Officer (CMO) of Amazon’s Prime Video and Amazon Studios. She joins the ecommerce giant from the chief marketing post at MAC Cosmetics Ukonwa begins her new role leading the global brand and originals marketing on September 21st, reporting directly to Mike Hopkins,…

The COVID-19 pandemic has affected all types of businesses in one way or the other. This unexpected event with a magnitude not witnessed in decades has entirely changed the short-term as well as long-term plans of individuals and companies alike. Companies of all sizes have seen their financial positions weaken.…

As part of its commitment and investment in Africa, Facebook has announced that it would be opening its second African office in Lagos, Nigeria. The social media giant stated that the office is expected to become operational in H2 2021 and will be the first on the continent to house…

Nigeria’s Connected Analytics (ThankU cash) has been selected in Betatron’s cohort 6 accelerator programme. It is one of nine startups selected from over 2,500 applications from around the world. Being selected, Connected Analytics will receive up to $500,000 investment from Betatron, the Hong Kong-headquartered startup accelerator-cum-VC firm and a personalised…

Connected Analytics (parent body of ThankU Cash) and Okhi are the two African startups selected for Betatron cohort 6 accelerator programme. These two companies are part of nine selected for over 2,500 applications from around the globe Connected Analytics (Nigeria), parent body of ThankU Cash, helps businesses grow in Africa…

Juliet Anammah, former CEO and current Chair of the Board, Jumia Nigeria and Head of Institutional Affairs across Africa, has been appointed to board of Directors of Flour Mills of Nigeria. This announcement was made by the company in a disclosure to the Nigerian Stock Exchange recently. Flour Mills of…

Media giant Trace announced that it has acquired a majority stake in South African television production company and content marketing agency, Okhule Media Established in 2003, Okuhle Media develops, produces and licenses programmes and formats for the leading commercial and public TV channels and for streaming platforms in South Africa, Africa,…

Konga, Nigeria’s foremost ethical and innovative composite e-Commerce brand is set to unveil a revolutionary new solution – Konga Bulk – which the company says will represent the new normal for forward-thinking businesses and consumers in the Nigerian corporate space. Equally important, Konga Bulk, the latest innovation from the e-Commerce…

German online food-delivery service, Delivery Hero, announced that it is acquiring the Latin American operations of Glovo, an on-demand delivery start-up, for up to €230 million, including a €60 million performance-based earn-out. The transaction will cover all of the Latin American countries in which Glovo operates, including Argentina, Peru, Ecuador,…

Naspers, through its R1.4 billion early-stage tech investment vehicle – Naspers Foundry, has invested an undisclosed amount in Food Supply Network (FSN). Food Supply Network is an independent business-to-business marketplace that integrates ordering systems of manufacturers, distributors, and buyers (restaurants, hotels and retailers) of food products. Phuthi Mahanyele-Dabengwa, CEO South…