Author: Staff Writer

Interswitch has announced its entrance into the health-tech space with the acquisition of 60% stake in eClat Healthcare Limited, a Nigeria-based health technology company that aims to improve healthcare delivery in Africa. Founded in 2012, eClat Healthcare Limited specializes in assisting healthcare service providers in planning, designing and operating their…

MTN’s 3rd quarter results released yesterday showed a revenue growth of 12.1% to N854 billion ($2.3 billion). The positive trend was mainly driven by increase in voice and data revenues. Even though the number of subscribers grew slightly by 100,000, from 61.5 m in Q2 to 61.6 million in Q3,…

Fiat Chrysler (FCA) and French Peugeot owner PSA Group have agreed to merge thereby creating a new giant auto manufacturing company with combined revenues of $190 billion and about 410,000 employees. The move comes less than five months after Fiat Chrysler abandoned merger talks with PSA’s French rival Renault. Each…

South African based Insurance tech startup, Pineapple, has won first place in the US-based Ventureclash challenge. Eleven businesses pitched at a final event for a share of the prize money. Pineapple is a peer-to-peer insurance provider that allows individuals to insure their possessions simply by snapping a picture and uploading…

Five African entrepreneurs are among 24 high impact entrepreneurs from 12 markets, selected to join Endeavor’s global community. They were selected recently at the 91st International Selection Panel (ISP) in Istanbul, Turkey. The ISP is the culmination of a rigorous multi-step selection process to identify high-impact entrepreneurs who demonstrate the…

The new online lead generation platform integrates seamlessly into Opera’s scalable advertising ecosystem in Nigeria.

Airtel Africa, a leading telecommunications service provider, and Finablr, a global platform for payments and foreign exchange solutions, have entered into an extensive global partnership that will see the two companies bringing together their complementary capabilities. As an outcome of the arrangement, Airtel Africa mobile money operations will be integrated…

Kenyan logistics company, Sendy has secured a $2million investment from Dutch-based Goodwell Investments. According to Goodwell, “the money will move the company closer to achieving its mission of improving the access of lower income groups to good quality basic products and services, at much lower prices. ” Sendy’s user-focused technology…

Decagon, a software engineering institute founded by Chika Nwobi, is now a GitHub Partner School. This makes Decagon the first Nigerian talent accelerator to become a GitHub Partner and one of eight GitHub Campus Partner Schools in Africa. Decagon is a software engineering institute ushering in a new phase of…

Seedstars World, a Swiss-based startup competition in emerging markets, and the African Development Bank on Tuesday announced a strategic partnership to implement its innovative ‘job creation track’ model to support youth employment and entrepreneurship in Africa. The partnership is in line with the Bank’s entrepreneurship and innovation lab under its…

Airtel Africa, the African entity of telecoms giant, Bharti Airtel, has reported an 8.4% revenue growth to $1,640 million in H1 with Q2 growth accelerating to 9.8%.  In constant currency terms, revenue grew 11.4% in H1 and 12.6% in Q2. The constant currency revenue growth of 11.4% was driven by…

Access Bank, one of the foremost banks in Nigeria is set to acquire 93.75% of Transnational Bank in Kenya as the consolidation of banks in Kenya hots up. Transnational Bank is one of Kenya’s tier-4 bank and posted a $693,904 loss in 2018. This is coming barely seven months after…

With the partnership of Verve International and the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS), Verve Card users can now transact across all channels in Ghana. The partnership was sealed yesterday in Accra Ghana at the signing ceremony between Mike Ogbalu III, CEO of Verve International and Archie Hesse CEO GhIPSS.…

Uber is testing the delivery of cooking classes and dining experiences through its on-demand food delivery app, Uber Eats, under a new Moments tab. According to Forbes, in an email sent to San Francisco customers, Uber said customers could book Uber Moments for the next month, scheduled until November 17. The “Moments”…

As a business owner, you have the uncanny ability of being able to see the bigger picture. Every single day, you envision what state your company will be in tomorrow and you consider all of the rewards that you stand to reap should you make certain investments. Unfortunately, envisaging your…

Whether it’s your first entrepreneurial venture or your fiftieth, it’s never going to be smooth sailing from the outset. Setbacks can happen at any time. No matter how long you’ve been trading or the experience that you have in terms of running a business, a setback can halt growth and…

Founded in 2017, Envisionit e-Pay operates as a safe and secure online escrow payment service that creates trust between strangers when transacting. As the only escrow service provider in South Africa with a web and app based platform, registered with both the Financial Sector Conduct Authority (FSCA) and Payment Association…

Cellulant, Africa’s leading financial technology company has today announced the re-launch of its payment, agent & mobile banking app Tingg to an all-in-one, multi-functional consumer super app. The new Tingg is set to include a wide array of payment, commerce, and financial services in a single platform that will change…

21 year old Yannick Kimanuka from the Democratic Republic of Congo has emerged the winner of the 2019 Anzisha Prize. She beat 19 other finalists to win the first prize of $25,000. The Anzisha Prize, an African Leadership Academy and Mastercard Foundation partnership, is dedicated to identifying, supporting and celebrating…

American news based company, CNN, will be launching a news service, internally called “Newsco” for now, that will compete against Facebook, Apple News+ According to a report from The Information, CNN digital chief Andrew Morse, says that CNN is discussing paying news organizations to feature their content on the platform,…