Author: Staff Writer

Internet and eCommerce giant, Naspers, has announced that it would be listing a new global consumer internet group (NewCo) comprising its international internet assets on the Euronext Amsterdam on Wednesday 17 July 2019, along with a secondary, inward listing on the Johannesburg Stock Exchange (JSE) in South Africa. Naspers expects to own…

London based Helios Investment Partners is planning to raise a fund of about $1.25 billion to invest across Africa. According to Bloomberg, the Africa focused company is already in talks with asset managers and development agencies. The company, which manages about $3.6 billion, closed a $1.1 billion Africa-focused fund in 2015 after…

Econet and Yara launch “Generation Africa”, a partnership initiative bringing the dynamism of youth entrepreneurship to Africa’s agri-food sector, with its $100,000 GoGettaz entrepreneurship competition Zimbabwe based telco company, Econet, and global crop nutrition leader, Yara International ASA, have partnered to launch “Generation Africa”, an initiative to inspire young African…

If you are looking to invest in a business, or are even looking to set one up yourself, it is important to establish which industry you should invest into before making a financial decision. Trends are constantly changing, especially as new technologies allow modern industries to appear. As a world…

Apple just introduced a new device, an iPod Touch. This new iPod Touch comes with an Apple-designed A10 Fusion chip, immersive augmented reality (AR) experiences, Group FaceTime, a new 256GB capacity, giving plenty of space to download music for offline listening through Apple Music or the iTunes Store. “We’re making the…

Ahmad Farroukh, Smile Group Executive Director Operations, appointed as Group CEO; Irene Charnley, founder of Smile, appointed as Deputy Chairman. Smile Telecoms, a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania and the Democratic Republic of the Congo, today announces the appointments of Mr. Ahmad Farroukh as Group Chief Executive Officer and…

Mackenzie Bezos, former wife of Jeff Bezos, has signed off half of her $36 billion fortune to charity, joining Warren Buffet, Bill and Melinda Gates in “The Giving Pledge” The Giving Pledge is a commitment by the world’s wealthiest individuals and families to dedicate the majority of their wealth to giving…

From June,  hundreds of Africa’s best seed-stage startups will participate in bootcamps and pitch competitions to represent their country at the Global Seedstars Summit in Switzerland. They stand a chance to win up to USD 500,000 in equity investments and other prizes. Seedstars World, the largest early-stage startup competition for…

As the country marks the 2019 Children’s Day, leading Nigerian Bank, Guaranty Trust Bank Plc (GTBank) has launched a nationwide initiative, tagged #BeatTheDistance, to improve educational outcomes for children in rural communities by easing the difficulties they face with mobility to school and back. Through the initiative, the Bank is…

As part of MTN’s asset realisation programme, the telco giant has agreed to sell all of its interests in investment fund Amadeus and its associated holding in Travelstart to HarbourVest, a global private equity firm, for net proceeds of approximately ZAR 1.2 billion. Travelstart had in 2016,  secured a strategic partnership with Telecoms giant, MTN.…

California-based Lambda School is a 9 month full stack software development immersive training program that gives you the tools and training you need to launch a new career. The program trains people online to be software engineers at no up-front cost. Instead, students have the option to opt into an…

CoinCola, an OTC cryptocurrency marketplace and exchange, is now available to Nigerians. CoinCola is designed to offer the best cryptocurrency trading experience for users and also offer fast and secure trading services at competitive fees and exchange rates. Though based in Hong Kong, CoinCola aims to provide trustworthy trading and…

The Securities and Exchange Commission (SEC) has warned Nigerians against participating in a new Ponzi scheme called Loom. Interestingly Nigerians have taken on this new craze even after losing millions in the last Ponzi scheme -Mavrodi Mundial Moneybox (MMM). Loom is a peer-to-peer pyramid scheme which involves people being invited…

MTN Nigeria share price ended at 108.9 Naira after two days of its introduction on the Nigerian Stock Exchange. The telecoms giant’s stock of 20,354,513,050 ordinary shares was listed by Introduction on the Premium Board of The Nigerian Stock Exchange on, Thursday, 16 May 2019. The listing of shares of MTN…

Facebook announced that it has removed 265 Facebook and Instagram accounts, Facebook Pages, Groups and events involved in “coordinated inauthentic behavior” According to Nathaniel Gleicher, Facebook’s Head of Cybersecurity Policy in a statement, “This activity originated in Israel and focused on Nigeria, Senegal, Togo, Angola, Niger and Tunisia along with some activity in…

Recently listed telecoms giant, MTN Nigeria, has raised 200 billion Naira from a consortium of seven mostly local banks – Access Bank, GT Bank, Zenith International Bank, Fidelity Bank, First City Monument Bank, United Bank for Africa and First Bank of Nigeria Limited. According to MTN, the seven year medium-term facility would…

Two great tech giants, Sony and Microsoft will be working together on new innovations in Cloud solutions, Aritifical Intelligence solutions and more. This statement was made recently when the two companies signed a memorandum of understanding to partner to enhance customer experiences in their direct-to-consumer entertainment platforms and AI solutions. Under…

Whether you’re a new entrepreneur or you’ve been in business for years, you know how much time, energy, resources, and money goes into attracting new customers. It’s a daily, ongoing process to beat out the competition and make a sale. It is for that very reason that business owners need…

Lenovo unveiled the world’s first foldable PC and it is part of its ThinkPad X1 line.  The device was unveiled at Lenovo’s Accelerate 2019 event yesterday.  Well Lenovo does not have a name for this device yet. It doesn’t even have a price tag but all we know is that…

A new Ponzi scheme is in Nigeria and growing aggressively via Facebook and WhatsApp. It is called Loom. What is so interesting is that, Nigerians are subscribing to this Ponzi even after losing millions in the last Ponzi scheme – MMM. Loom was recently reported as having surfaced again in…