Author: Staff Writer

VerifyMe, a Nigerian startup which specialises in ID verification, announced that it has secured an undisclosed amount from Consonance Investment Managers. According to the Co-founder and Chief Executive Officer (CEO), Esigie Aguele, the funds would be used to expand strategic partnerships and bring new digital ID verification products to market.…

Alphabet, Google’s parent body, has become the fourth US company to hit the $1 trillion market capitalisation. It hit this number just before markets closed on Thursday, ending the day’s trading at $1,451.70 per share, up 0.87 percent. Alphabet joins the league after the likes of  Apple Inc., Amazon.com Inc. and Microsoft Corp. as the…

Google announced that it will phase out third party cookies in its Chrome browser. According to the tech company in a blog post, “Over the next two years Google intends to stop supporting third-party cookies in its Chrome browser” A cookie is a small piece of data sent from a website and…

As announced last week, Chinese smartphone manufacturer, Vivo, has launched the latest in Y-series portfolio , the Vivo-Y19, in Kenya. The new device, inspired and powered by the youth, premiers a 5000mAh battery, a Halo FullView Display, an AI Triple Rear Camera setup, premium design and enhanced features that guarantee…

PayU, a leading financial services companies under the Prosus brand, has acquired PaySense for $185 million. Additionally, PayU will inject a total of up to $200 million in the new enterprise in the form of equity capital; $65 million of the total amount will be immediately invested, while the balance…

Omidyar Network has announced the launch of PlaceFund, an independent nonprofit organization focused on solving the inter-related problems of insecure property rights, unsustainable land use and climate change. PlaceFund is built off a decade of experience as Omidyar Network’s property rights initiative. PlaceFund will identify NGOs with bold ideas focused on…

A lot of people entered 2020 with plenty of dreams and “Amens” but not many know that one of the simple lessons of life is saving to meet that financial goal. It is about having financial discipline to stick to a certain pattern of spending and saving. If you are…

The Federal Road Safety Corps (FRSC) has finally come out with a position on the use of Google Maps app by drivers on Nigerian roads. The official position by the FRSC Corps Marshal, Mr Boboye Oyeyemi, was provided at a press conference in Abuja, the country’s capital yesterday. According to…

The leading global smartphone brand Vivo is gearing to unveil its latest product the vivo Y19 to expand its Y-series portfolio in Kenya. The device is said to have decent specifications, with a 5000mAh battery, a FullView™ Display, and an AI Triple Rear Camera setup that will guarantee superb photography,…

Foreign Exchange company, Travelex, has been held ransom by hackers since New Year’s Eve. The attack forced the company to turn off all computer systems and resort to using pen and paper across its sites globally. Visiting the company’s sites, you will see a pop-up message announcing the attack. See…

Smartphone giant Vivo has partnered with OPPO and Xiaomi to bring an innovative new wireless file transfer system to consumers around the world. An initiative of the newly formed “Peer-to-Peer Transmission Alliance”, the new system enables seamless cross-brand file transfer with just one click. The new wireless file transfer system…

eClat Healthcare Limited, an Interswitch Group company, has announced its partnership with the Edo State government in its mission to improve healthcare delivery through technology and innovation. This announcement follows the recent launch of the state’s compulsory healthcare insurance scheme, under the direction of Edo State Governor Godwin Obaseki, recently. …

If you are hoping to start a new business in the new year, you can easily be swept away in the excitement. The truth is, it is exciting to start a new business, but if you allow yourself to be carried away, you might miss some crucial element that you…

The Egyptian Competition Authority (ECA) has approved Uber’s acquisition of regional rival Careem after agreeing to a set of commitments proposed by the U.S.-based ride-hailing service meant to reduce harm to competitors. The deal was first announced in March 2019 and  is expected to close in the first quarter of…

Serial Entrepreneur, Iyinoluwa Aboyeji, has come out of early “retirement” to invest his time and resources in another venture – Future Africa We knew it was only a matter of time before he would come out of retirement. This Nigerian who has been behind successful ventures like Andela, Flutterwave has…

Born January 2, 1963, Amaka Igwe was a Nigerian filmmaker and broadcasting executive. She was recognised as one of the second generation filmmakers who helped begin the video film era of Nigerian cinema. She died in Enugu, the eastern part of Nigeria on the 28th of April 2014. Google is celebrating Amaka’s 57th…

This is the last day of the year 2019. This year has seen a lot of activities in the innovation and business space. Innovation Village was there to capture and report a lot of these activities and I hope we have done justice to delivering the information prompt, concise and…

Egyptian fintech startup Dayra has won a $15,000 equity-free grant from Y Combinator’s Startup School. Dayra is one of the grant winners announced by Y Combinator last week Friday. In fact, it is the only African startup to win the grant. Founded this year by Hesham Ghandour, Mohammed Ennabah, Abdelrahman Rizq, Dayra is…

Cairo-based e-commerce delivery service, R2S Logistics has raised an undisclosed six-figure investment from tech investor A15 R2S Logistics is a logistics startup that offers different types of delivery services including last-mile delivery, payment collection solutions, returns and exchange management, inventory management and fulfillment to ecommerce businesses across Egypt Related story: iFix, an…

African-focused telecoms infrastructure company, IHS Towers, has agreed to buy Brazilian telecoms infrastucture company Cell Site Solutions company – – Cessão De Infraestruturas S.A. (CCS) from Goldman Sachs and Centaurus Capital LP for an undisclosed amount. Under the terms of the agreement, IHS will acquire 100% of CSS and it…