Author: Staff Writer

Samsung is expected to unveil some new devices at the upcoming Galaxy Unpacked 2020 event on the 5th of August, 2020. One of the expected gadgets is the Galaxy Z Flip 5G. Some leaks about the device have surfaced on the internet, one of which is by the usual friendly…

Fairfax Africa Holdings Corporation, an investment holding company traded on the Toronto Stock Exchange has entered into a merger agreement  with Helios Holdings Limited, a leading Africa focused private investment firm, for the combination of their complementary businesses on one unified platform – Helios Fairfax Partners Corporation (HFP) Founded in 2004…

Sony has announced a $250 million investment, for 1.4%, in Epic Games, makers of popular game “Fortnite” to acquire 1.4% stake in the company. This gives Epic a valuation of $17.86 billion. The investment allows Sony and Epic to aim to broaden their collaboration across Sony’s leading portfolio of entertainment…

Samsung has confirmed that its Galaxy Unpacked 2020 will hold on the 5th of August 2020. It is expected that the company will unveil its new lineup of Galaxy Note 20 devices, along with a possible successor to its first foldable, the Galaxy Fold. There has been several leaks online…

Internet company, Tizeti, has announced the reinstatement of Kendall Ananyi as its CEO after its independent investigations were conducted. The company said that after the independent investigation, “that a case of sexual harassment had not been established.” hence the reinstatement of Kendall. Remember Kendall had to step down as Tizeti…

According to Bloomberg Billionaires Index, as of the 8th of July 2020, Amazon founder Jeff Bezos is the richest man alive. He is worth $178 billion. He is followed in the second position by his fellow American, Bill Gates at $115 billion and French billionaire businessman and CEO of LVMH,…

Kenyan HotelOnline has acquired Cloud9xp, an online marketplace, booking service and distributor for leisure experiences. This is essentially a share swap deal which would see Cloud9xp essentially become the B2C channel of the Africa-focused hotel-booking platform. Cloud9xp was founded in 2013 by Mesongo Sibuti and Tesh Mbaabu. It merged with…

Effective 1st July 2020 STP Group merged with MicroEnsure and TonkaBI to create “The Micro Insurance Company” which aims to provide insurance to internet platforms, millions of micro & small businesses and to the 4 billion people on the planet that are currently unserved Insurers have been operating for decades…

Konnect Africa, a subsidiary of Eutelsat Communications, is offering to provide broadband internet connection to all Isolation Centers in Sokoto State, a state in the Northern part of Nigeria. This is to assist in the country’s fight against the COVID-19 pandemic as the internet connection will enable the real-time connection…

Pricepally, a Nigerian wholesale e-commerce platform, has secured an undisclosed funding from GreenTec Capital Partners. Pricepally, an innovative digital Nigerian wholesale platform allows users to purchase food and other products either individually or as a part of a group. Building on principles of the Shared Economy, Pricepally brings consumers together…

Showmax is launching a new service, Showmax Pro, which bundles the existing Showmax entertainment service with music channels, news, and live sport streaming from SuperSport. Showmax Pro features all Premier League, Serie A, La Liga, and PSL games as well as a wide range of live sport events including IAAF…

Covenant University becomes the first Higher Education Institution to partner with Coursera for full-scale Blended Learning in Africa

Yep! You read right. Tesla’s online shop went down for a few minutes yesterday after Elon Musk tweeted about the arrival of its limited edition “S3XY” shorts on Sunday afternoon. He replied after the incident saying “Dang, we broke the website”. Well you may ask, what has an innovative tech…

In its “The rise and rise of African Agritech” report, Disrupt Africa highlighted the problems plaguing Africa’s agriculture sector and how entrepreneurs are building solutions to these problems. While the number of these solutions have increased year on year and are having a huge impact across the continent, more still…

Tech giant Microsoft is partnering with LinkedIn, GitHub to launch an initiative to help 25 million people worldwide acquire the digital skills needed in a COVID-19 economy. The initiative will bring together every part of Microsoft, combining existing and new resources from LinkedIn, GitHub, and Microsoft.  It will be grounded…

OPay, Opera’s fintech startup, has shut down some of its businesses including ORide – the ride hailing business, OCar, OFood – the food delivery business and its OExpress – the logistics business in Nigeria. This is according to a report in an online newspaper published this afternoon. The report stated…

The World Bank Group has appointed two Vice Presidents to oversee its efforts in Africa as it seeks to increase its focus on the continent. The Vice Presidents are Hafez Ghanem, for Eastern and Southern Africa and Ousmane Diagana for Western and Central Africa. Hitherto, Hafez has solely been in charge of Africa…

Honoris United Universities, an African Actis-backed education group, has added Nile University of Nigeria, a private university based in Abuja, to its extensive network. The group already owns private universities in Mauritius, Morocco, South Africa, Tunisia, Zambia, and Zimbabwe. This is its first acquisition in West Africa Actis launched Honoris…

Bozoma Saint John has been appointed the new Chief Marketing Officer of streaming company, Netflix. She is expected at Netflix this August and she will be reporting to chief content officer Ted Sarandos. She is replacing  Jackie Lee-Joe, who had only been at Netflix for 10 months and is leaving…

Ecocash, the mobile money business of Econet Wireless Zimbabwe is not heeding to the government of Zimbabwe’s order for mobile money operators. On Friday, June 26, the government suspended most monetary transactions on mobile-phone platforms and trade on the Zimbabwe stock exchange in an effort to stabilize its currency. President…