Author: Staff Writer

Egyptian payment startup Paymob has raised $3.5 million in a round led by Dubai’s Global Ventures and Dutch Entrepreneurial Development Bank FMO with the participation of existing investor A15. Founded by Islam Shawky, Alain El Hajj and Mostafa El Menessy, Paymob is a digital payments enabler for emerging markets helping…

Standard Chartered Bank and Airtel Africa have today announced a strategic collaboration to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services. Through the collaboration, Standard Chartered and Airtel Africa will work together to co-create new, innovative products aimed at enhancing…

Microsoft has unveiled the Surface Duo dual-screen Android phone which will be available for $1,399 as from September 10. The foldable device was initially announced during Microsoft’s Surface hardware conference on October 2, 2019 along with the Surface Neo One wonders if Microsoft’s announcement was not precipitated by the launch…

As part of Xiaomi’s 10th anniversary, the Chinese company unveiled a number of new products including a 55″ transparent OLED TV. It is called the Mi TV LUX OLED Transparent Edition. Mi TV LUX OLED Transparent Edition is the world’s first mass-produced transparent TV. With an edge-to-edge transparent OLED self-luminous…

Top five peer-selected startups will split $150,000 in grant funding from MetLife Foundation

After launching the vivo V19 a month ago, vivo is back announcing a new device, the vivo Y30, that takes a winning formula with its Ultra O Screen — A.I Quad Camera, a 5000 mAh battery — high-end specs with a moderate price tag and a unique body structure. The…

Toshiba has officially announced the sale of the remaining 19.9% of the outstanding shares in Dynabook Inc. that it held, to Sharp Corporation. The Japanese conglomerate sold 80.1% of PC business unit to Sharp in 2018 for $36 million, and Sharp renamed the division Dynabook. On June 30, 2020, under…

AXA Mansard Insurance Plc. has announced the divestment from its subsidiary, AXA Mansard Pensions Limited and is selling the company to Eustacia Limited (a member of the Verod Group) The announcement was made via a notification by the company’s Secretary, Mrs Omowunmi Mabel Adewusi to the Nigerian Stock Exchange on…

Horror is a speculative fiction genre that is designed to frighten, surprise, and delight your readers. Horror can be interpreted in various ways, but often there are central criminals, monsters, or threats that often reflect the fear experienced by the people at that time. The horror genre breeds many subgenres…

Facebook’s Mark Zuckerberg has become the world’s third centibillionaire after shares of the social media giant jumped by 6% on investor optimism over the prospects of the new launch of the TikTok clone, Instagram Reels. Instagram Reels was launched a few days ago on the back on the ongoing security…

US President Donald Trump has signed executive orders banning Chinese owned TikTok and WeChat operations in the country in 45 days if they are not sold by their Chinese-owned parent companies. He cited national security concerns as the main reason for the ban. According to Trump in the TikTok ban…

Retina-AI Health Inc., has raised $5.2 million in Series A financing for AI screening of diabetic retinopathy. According to the founder and CEO, Dr. Stephen Odaibo, a Nigerian-born Neuroscientist, Physicist, Retina specialist, computer scientist, and full-stack AI engineer, the funds will be used to take the company’s retina-based AI detection technology through the…

Africa Foresight Group (AFG), a platform for freelance management consultants, has raised seed funding of $700k from Consonance Investment Managers and GFH Holdings. Consonance Investment Managers is a leading early stage and growth investment firm in Africa known for its systematic investment approach to drive prosperity across the continent while GFH…

Airtel Africa has announced the discontinuation of merger plans between its Kenyan subsidiary, Airtel Kenya and Telkom Kenya. The announcement was made in a notification that was sent to the Nigerian Stock Exchange (NSE) by Airtel Africa and signed by its Group Company Secretary, Simon O’Hara, on Wednesday, August 5,…

As TikTok is facing uncertain times in US, Instagram has started the rollout of a similar feature – Reels in over 50 countries including US. Like TikTok, Reels, embedded in the Instagram app, lets you create 15-second fun videos set to predetermined music, to share with your friends or anyone…

The Swiss Market Entry Bootcamp, an initiative of digitalswitzerland operated by Kickstart, offers startups a deep dive into the Swiss entrepreneurship ecosystem from October 5th and 6th at several locations

British owned airline Virgin Atlantic filed for Chapter 15 bankruptcy protection in the U.S. on Tuesday due to the disruption in the airlien industry caused by the COVID-19 pandemic. This filing will enable the airline shield assets in the country. The company had negotiated a deal with stakeholders “for a consensual…

WhatsApp, Facebook owned instant messaging platform, has introduced a new feature called “Search the web”, to confirm if a message received on the app is true by quickly finding the information about the message from the web. This is yet another measure to curb the dissemination of fake news. To…

Just like the ban of commercial bike operators in Lagos Nigeria, Uganda has banned the operations of commercial bike operators, otherwise known as boda bodas on major commercial roads. In May, all Boda Boda riders were enjoined to register either under a ride-hailing startup or with the Ugandan authorities as…

Bus-hailing startup, Plentywaka, has raised $300,000 in pre-seed funding led by Emfato, Microtraction, and Niche Capital According to the company, “the investment will be used in continuing Plentywaka’s mission of transforming the Nigerian transportation industry with improved mapping technology and will usher in Plentywaka’s expansion to many other states including the nation’s capital.”…