Author: Staff Writer

Access Bank  and GE Healthcare have signed an agreement to provide sustainable healthcare equipment financing to private healthcare providers; The partnership will help the private healthcare providers to deliver access to affordable healthcare services. Under the partnership, borrowers will be able to secure loans of up to $800,000 negotiable, based on the…

Cement manufacturer, LaFarge Africa announced that it would be selling its South Africa operations for $317 million to Caricement B.V. This announcement was made at the company’s 60th Annual General Meeting (AGM) in Lagos on Monday. Speaking on the matter, the company’s Chairman, Mobolaji Balogun, explained that LSAH sale would be…

Apple and Intel have signed an agreement for Apple to acquire the majority of Intel’s smartphone modem business. Approximately 2,200 Intel employees will join Apple, along with intellectual property, equipment and leases. The transaction, valued at $1 billion, is expected to close in the fourth quarter of 2019, subject to…

United Nations Secretary-General António Guterres today announced the appointment of Fayaz King of Zimbabwe as Assistant Secretary-General to serve as the Deputy Executive Director, Field Results and Innovation, for the United Nations Children’s Fund (UNICEF).  He will succeed Shanelle Hall of the United States, to whom the Secretary-General and UNICEF…

According to a new report from Hopper HQ, American media personality, model, businesswoman, and socialite, Kylie Jenner retains the number 1 position on the 2019 famous Instagram Rich List. This list details how much Instagram stars earn from their sponsored posts. It is based on internal data, agency rate cards…

10 African startups have been selected to take part in the Co-Creation Hub’s PitchDrive II, a deep tech tour of five Asian cities over the course of 14 days in partnership with Google for Startups. Over 200 applications across 20 African countries were received for inclusion in the tour. The first edition…

Earlier in the year, Tech giant Samsung introduced the world to its first foldable phone called the Galaxy Fold. The phone was unveiled at the Samsung Unpacked event taking place in San Francisco, California. However couple of days later, there were reports that the phone developed a crease  in the middle…

To use the funding to strengthen its infrastructure and increase delivery logistics to cater to 6 new markets in Nairobi Better prices for the produce of Kenya’s women farmers and time, cost and financing advantages to women retail green grocers are key factors behind the coLABS funding US based impact…

Former chief executive of the Nigerian Communications Commission (NCC), Ernest Ndukwe will take over as the Chairman of MTN Nigeria from Pascal Dozie, who has been at the helm for almost two decades, on Sept. 2. The announcement was made by the telecoms giant yesterday and it follows a board shake-up…

At the #GoogleForNigeria event yesterday, YouTube announced that it was teaming up with local music superstar, Mr. Eazi to support emerging talent in Nigeria. The announcement was officially made by YouTube’s Global Head of Music, Lyor Cohen in a fireside chat on stage with Mr. Eazi at the event. This is…

Friday, July 19, 2019, marked the end of the 2019 Africa Cup of Nations (AFCON), a spectacular tournament that had people glued to their screens for the month of its duration. Africa moved to the rhythm of AFCON 2019, with more than 10 million people choosing Facebook to share their passion…

At the Google for Nigeria event today, Google announced new products and features primarily for the Nigerian environment and also for customers across Africa. Here are the new products and features: Introducing New Google Maps travel modes and Danfo routes Google Maps is introducing a dedicated travel mode to provide directions…

Now that ROK studios has been sold to Canal+, IROKOtv plans to focus on growing its subscriber base, so says Jason Njoku. According to the IROKOtv founder in a recent blog post, “We intend to continue to focus our efforts on subscriber growth as the only KPI which really matters.…

Uber is testing a new service which bundles some of its services into one service offering. This means car rides, food delivery, and scooter and bike access for a monthly subscription fee. The pilot phase is using Chicago and San Francisco as test locations. In a statement by an Uber…

Netflix rival, Iflix has announced raising over $50 million as it prepares to go public. The successful funding round was led by Fidelity International, with participation from returning investors Catcha Group, Hearst, Sky and EMC. The Southeast Asia’s largest digital entertainment service now has significant firepower to aggressively pursue growth strategies…

Nigerian agric startup, EZFarming is one of the 35 companies in the 25th batch of 500 startups accelerator program. This year the same company won first prize of $5,000 in the Georgetown African Business conference New venture competition Over the past three months, companies from 12 countries participated in the flagship accelerator…

Kenya now has the largest wind power plant in Africa. It is the Lake Turkana Wind Power (LTWP) plant which is capable of generating around 310 megawatts of power to the Kenyan national grid. According to President Uhuru Kenyatta at the launch of the project on Friday, this will increase…

Google created a Google Doodle to honour Nigerian-born British novelist, Florence Onyebuchi “Buchi” Emecheta OBE today 21st of July. If she was alive, it would have been her 75th birthday. Born 21 July 1944 to Ibo parents in Lagos, Buchi moved to Britain in 1960 where she worked as a librarian and became a student…

Six Nigerian artists – Wizkid, Tiwa Savage, Burna Boy, Yemi Alade, Tekno and Mr Eazi are featuring with Beyonce on her album – The Lion King: The Gift which is being released on the same day as this year’s live-action remake of Disney’s “The Lion King”. This will certainly boost…

VFD Group has divested from Germaine Auto Center after two and half years investment. In 2016, VFD Group bought a 30% stake in GAC in a deal that ceded management control to VFD. This deal was meant to give a new lease of life to the then troubled auto firm.…