Author: Staff Writer

Nigerian based technology investment company, Microtraction, has changed its terms of engagement. They will now be offering $25,000 for 7% of your company. This new deal replaces its previous deal of $15k for 7.5% with an additional $50k convertible note at $1m valuation cap in companies that show significant progress.…

Google Country Director, Juliet Ehimuan-Chiazor, has been appointed a Non-Executive Director of Nestle Nigeria. The appointment was effective from February 24, 2020. She was named Forbes’ top 20 youngest power women in Africa, and featured in BBC Africa Power Women series. Juliet Ehimuan is a thought leader on digital business…

Tech giant Apple Inc has agreed to pay up to $500 million to settle litigation following a lawsuit accusing it of quietly slowing down older iPhones as it launched new models. This was done to make owners to buy replacement phones or batteries. In 2017, the company admitted to introducing…

The coronavirus has claimed another event casualty as Google announced that this year’s Google Cloud Next would only have an online part. It has cancelled the physical part of the event. Previously scheduled to take place from Mon, 6 Apr 2020 – Wed, 8 Apr 2020 at Moscone Center, San…

With the advent of the COVID-19 coronavirus, there has been a run on hand sanitizers at the supermarkets. Some stores no longer have them in stock and when you have them in stock, the prices have quadrupled. Now if you are one of the unfortunate ones that could not get…

Jack Welch, former CEO and Chairman of General Electric (GE) has passed on at the age of 84. According to his wife, Suzy, “Neutron Jack” died yesterday of renal failure. Also known as the “Manager of the Century”, GE became the world’s most valuable company, after Microsoft under his leadership.…

Verod Capital, a Nigerian-based Investment company has acquired 100% of a local Nigerian Insurance company quoted on the Nigerian Stock Exchange, Law Union & Rock Insurance Plc. The announcement was made at the official signing ceremony of a Transaction Implementation Agreement (TIA) between Verod Capital Management Limited and the majority shareholders…

Yes, you heard right. Ride-hailing startup, SafeBoda, has finally launched in Nigeria, but not in the commercial city of Lagos. The startup has launched in Ibadan, Oyo state, the 3rd most populous city in Nigeria with over 3 million people. We have been expecting the official launch in Nigeria since…

The team behind the 2020 Game Developers Conference (GDC 2020) has postponed the event originally scheduled to hold this March (March 16 – March 20) because of the coronavirus. GDC is the game industry’s premier professional event, championing game developers and the advancement of their craft. The event brings the…

Facebook has announced the cancellation of its in-person component of F8 Developer Conference 2020 due to the growing concerns around coronavirus – COVID-19. The conference was scheduled to take place on May 5 and 6 in McEnery Convention Center in San Jose, California. Around 5,000 people attended last year’s event According…

Media streaming giant Netflix has officially opened a Nigerian Twitter account, Netflix Naija @NetflixNaija To celebrate the unveiling of its Twitter account, it tweeted a post “N is for Naija. N is for Nollywood. N is the 14th alphabet. 14 is also how many great talents you’re looking at. N…

Free classified ads websites are gradually becoming popularly accepted in Africa in recent times. Most of classified sites offer free service to enable their users to post classified ads to buy and sell their used items, new products and services. Indeed, that’s not all. Houses, cars, jobs and more categories…

South African tech company Jumo, announced that it has raised $55 million in new funds from existing and new investors. The successful raise in debt and equity funding, support JUMO’s expansion into new markets and the launch of new products. The funding round introduced new investors to join existing investors…

Cairo-based SaaS startup for garment factories, Garment IO, has closed $450,000 in seed funding from Egypt Ventures and 500 Startups (Falcons). Founded in 2017 by Ahmed Nounou and Mahmoud Sabae, Garment IO is a plug and play Garment Manufacturing Management Solution combining software and hardware to give garment factory managers and…

The Walt Disney Company has announced Bob Chapek as the new CEO of the company with immediate effect. He takes over from Robert Iger who was appointed the CEO in 2005. According to the company in a press release, The Walt Disney Company (NYSE: DIS) Board of Directors announced today…

American National Aeronautics and Space Administration (NASA) mathematician, Katherine Johnson, has died at the age of 101. She is widely known as one of the black women that defied the colour of her skin in her quest for racial equality. She is one of the black female mathematicians who worked at NASA during…

With the cancellation of MWC 2020 due to the coronavirus, Vivo is set to unveil the APEX 2020 concept phone on February 28 globally. The device will be introduced via an online launch event and Vivo has shared a couple of teasers to stir the hype before the event. The…

The Mastercard Foundation Centre for Innovative Teaching and Learning in Information, Communications, and Technology (ICT) today announced the first cohort of 12 EdTech Fellows, companies that will benefit from the Centre’s support to expand their operations and improve secondary teaching and learning across the continent. The Fellows were selected after an…

Leading payments giant, Interswitch, has announced its partnership with American Express to expand the usage and acceptance of American Express Cards across Nigeria. The partnership with Interswitch will enable American Express Cardmembers to transact using a wide range of merchants, who process payments through the Interswitch platform, for a range…

Ecobank Group, the pan-African banking group, is inviting African fintech entrepreneurs to enter the 3rd edition of  the Ecobank Fintech Challenge. Launched in 2017, the Fintech Challenge  gives African start-ups the opportunity to promote their fintech solutions, and potentially  partner with Ecobank to roll-out  their solutions across Ecobank’s 33 markets…