Author: Staff Writer

biNu announced that over 1 million customers use its Moya messenger in a month and about 650,000 customers use the platform every day. Moya Messenger, a WhatsApp alternative, is mobile messaging app that enables users to communicate without incurring data cost. So no data cost is incurred by users to send and…

Willem Nolens has resigned as the CEO of SolarNow. The Lars Johannisson (COO) and Daniel Wellington (CFO) will jointly lead the company going forward. After 8 years in the role, Willem Nolens will continue as advisor to SolarNow turning his attention from day-to-day operations to Fund Raising, Investor Relations and Strategy.…

Shareholders of South African based Internet giant, Naspers, have approved the listing of Prosus, a new global consumer internet group, on Euronext Amsterdam on the 11th of September 2019. As a global consumer internet group and one of the largest technology investors in the world, Prosus is likely to be…

Tastemakers has raised $1 million for its business that caters for the African travel experience. The seed round was led by Precursor Ventures. This is the second seed fund raised by the company following the $980k raised by October 2018 also led by Precursor Ventures joined by Metis Investments, Pipeline Angels, CRE…

Global Consultancy firm, Palladium, has launched its first impact fund – the Palladium Impact Fund I – to bridge the financing gap for small businesses in sub-Saharan Africa. This follows two successful direct investments, design of the world’s largest development impact bond (DIB), and three years spent developing a strong pipeline of…

Just two months after its launch in Lagos, the kwik Delivery platform reached 2000 verified customers and is already well on its way toward 3000 verified customers. “We are thrilled by the response from Lagosians to our on-demand B2B delivery service. Among the 2000 verified customers are several large corporate accounts…

Leading automobile trading platform Cars45, has now introduced a premium inspection service where they can now visit your home or office to do an inspection of your car. This valued-added service allows Cars45 to cater to individuals who are unable to visit any of its inspection centers but would still…

PayPal backed Micro-loan lender, Tala, announced that it has raised $110 million in funding. Founded in 2011 by Indian American CEO and founder, Shivani Siroya, Tala aims to close the credit gap in emerging markets by using mobile data to overcome traditional barriers to financial access. It collects thousands of data points…

Starting a business is a challenge at the best of times. What holds many young startup entrepreneurs back is a lack of business experience and worst still, limited academic knowledge to fill in experiential gaps. This can lead to all sorts of problems in the early stages of the business…

Ride sharing business, Bolt, formerly known as Taxify, has launched its food delivery business. Though the Estonian-based company launched the service in the nation’s capital Tallinn, it says it will roll out the service this year in South Africa, Latvia and Lithuania as well. Bolt which currently operates in 30…

The former Director General of the National Information Technology Development Agency (NITDA), the ICT policy implementing arm of the Federal Ministry of Communication of the Federal Republic of Nigeria, Isa Pantami, has been named as the new Minister of Communications. His appointment was announced yesterday at the swearing-in ceremony of the…

Malicious codes are part of a software system or script intended to cause undesired effects, security breaches or damage to a system. Examples include Virus, Worms, Trojan Horses, Spyware, Scareware & Adware, Rootkits, Active Contents, Zombies & Botnets and they typically are an application security threats that cannot be efficiently…

Andela has launched a new initiative called the Andela Talent Marketplace where graduates of the Andela Learning Community (ALC) program are connected with employers of labour in their local ecosystems. The African based software development outsourcing company has a pilot program in Nigeria in collaboration with Stutern, an already existing Talent Marketplace with…

The second edition of Co-Creation Hub’s Pitchdrive tech tour, PitchdriveAsia, is set to commence on Wednesday, August 21, 2019. Ten selected startups utilising hardware and deep technology tools in their businesses will journey across five Asian cities during the two-week tech tour which will run until September 8, 2019.  The…

Opera has launched a bus-hailing service to ride on its Opay platform and it is called OBus. However it is still in beta stage. This is yet another service on the Opay platform which further ensures the stickiness of the Opay app. A couple of days ago, it was reported…

Celebrated CEO and founder of Invictus Group, Obiwanne Okeke has been arrested for Internet fraud in the United States. The amount involved is said to be close to $11 million. This was disclosed in an affidavit made available to the press on Friday, August 15, by Marshall Ward, a special agent…

Nigerian based Verod Capital and Austrian company, Red Bull GmbH have announced an investment in Ghanaian based apparel company, DTRT Apparel Ltd. Though the investment amount was not disclosed, Skip Richmond, co-Founder and co-CEO of DTRT Apparel said that this investment would afford the company the opportunity to significantly expand its production…

Premium auto brand Bugatti has unveiled a new automobile which is reinterpretation of the epochal EB110. It is the Bugatti Centodieci – Italian for 110. The unveiling took place some hours ago at The Quail, a motorsports gathering. It costs 8 million Euros and only 10 of this beauty would be…

If you thought there was no space for a chat app, think again. Introducing Sharechat, an Indian chat app that exclusively serves Indian regional language natives and it serves 60 million users each month in 15 regional languages. The latest news about Sharechat is that Twitter has invested in the…

Chinese smartphone manufacturer Transsion Holdings the company behind Tecno, Infinix and itel is entering into a partnership with Kenyan venture fund, Wapi Capital to source and fund African Fintech startups. Wapi Capital is the venture fund of Kenyan  fintech startup Wapi Pay—a Nairobi based company that facilitates digital payments between African and Asia…