Author: Staff Writer

Twitter announced that it has received a $1 billion investment from investment firm, Silver Lake. The social media company has also entered into a deal with Silver Lake and another investment firm, Elliot Management, to allow incumbent CEO, Jack Dorsey retain his seat at the helm of affairs. Twitter will…

Global Payments leader, Visa and Nigerian based payment company, Paga, have entered a strategic partnership to provide alternative payment channels and financial transaction opportunities for their merchants and customers. With this new arrangement, Paga customers have access to Visa credentials (physical and virtual cards) tied to their Paga accounts and…

Actis, a leading investor of private capital into global emerging markets, has acquired a majority stake in Rack Centre, a leading Nigerian data centre. Though the actual stake and amount invested was not disclosed, The investment is part of Actis’ US$250 million pan-African data centre platform. The buy and build…

Renault recently unveiled the all new shape-shifting electric concept car called the Renault Morphoz. It is a beauty to behold. The Morphoz was expected to make its debut at the Geneva Motor Show scheduled to take place on the 3rd March 2020 but the event was cancelled due the government’s…

It seems Twitter has finally decided to have its own vanishing posts like Snapchat and Instagram Stories. It will be called Fleets. Fleets are a way to share fleeting thoughts. According to Twitter Brazil Product Manager, Mo Al Adham, in a blog post, translated into English, “Fleets are for you…

Teacher resource marketplace and educator media hub is acquired by global edtech company

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…