Author: Staff Writer

Just recently, Jumia was being celebrated as the first “African Unicorn” when it listed on the New York Stock Exchange on the 12th of April this year. It came with a lot of jubilant expectations and prospects of attracting other investors to Africa. This has not been without some negativities like…

The U.S. African Development Foundation (USADF) and Lagos State Employment Trust Fund (LSETF) have announced a new partnership to increase youth employment in Nigeria through financial investments, job training and placements, and entrepreneurship opportunities. The memorandum of understanding (MoU) signing event was held at the USADF office in Washington, D.C.…

In an exclusive interview carried out in Slourish’s head office in Port Harcourt, the founder and CEO of Slourish Ltd; Latii Brayllot disclosed how his company is tackling the financial challenges faced by most entrepreneurs in Nigeria. In his words, “Slourish simplifies fundraising for Nigerian businesses. It basically eliminates the…

Nigerian digital content distribution platform, Publiseer, founded by identical twin brothers, computer programmers and Internet entrepreneurs, Chidi Nwaogu and Chika Nwaogu, has been selected as a finalist for the Halcyon Incubator’s Fall 2019 Fellowship. Out of 423 applications, the for-profit social venture has emerged one of the top 16 finalists…

…Offers 10-year warranty on Compressor Leading consumer electronics company, LG Electronics (LG) is set to impress the residential air conditioner market with the launch of its new Artcool Dual Inverter AC equipped with the Genmode function, which makes it possible for the AC to work on small Generators (12kBtu; 0.9kVA,…

ARED, a Rwanda based Platform as a Service start-up, has launched in Uganda with the set up of 10 ‘Shiriki Hubs’ in Kampala. This expansion into Uganda was made possible by funds from US-based impact investor Gray Matters Capital under its gender lens sector agnostic portfolio – coLABS in July 2017. These Shiriki Hubs are ‘Smart Business…

Tunisian based Artificial Intelligence firm, Instadeep, has raised $7 million in Series A funding led by pan-African private equity firm, AfricInvest, with participation from Endeavor Catalyst, a New York-based co-investment fund under Endeavor. The funding supports the development of a scalable product platform aimed at empowering enterprises with better decision-making using Artificial…

Global Cryptocurrency exchange, Binance, has reveealed that it lost $40.7 million worth of BTC in security breach. According to CEO Changpeng Zhao in a statement, “We have discovered a large scale security breach today, May 7, 2019 at 17:15:24 (UTC). Hackers were able to obtain a large number of user API keys, 2FA…

Babajide Duroshola, former Community Manager, Technical Talent for Andela has resigned to join SafeBoda as its Country Head in Nigeria. Babajide joined Andela from Access bank in December 1, 2016. As Community Manager, his job was to to lead the community and own the brand of Andela, to attract new…

The Nokia X5 Prime giveaway closed on Tuesday 30th of April, 2019. We had 1,669 entries and after the Rafflecopter draw, the lucky person drawn is …Abimbola Ayole We have contacted him and he will be receiving the smartphone very soon. Congratulations  To all those who entered the draw, better luck next…

Foremost technology company, Interswitch has signed an agreement with UK’s Becoz to introduce a smartcard to be used for public transport in Nigeria. The agreement was signed on Tuesday between the two parties in Abuja, with the UK Foreign Secretary, Mr Jeremy Hunt, present at the ceremony. According to Mr Hunt,…

One of arguably most successful female singers out of Nigeria, Tiwa Savage has left Mavin Records. She has also signed on to American Music Group, Universal Music Group (UMG). Tiwa left Mavin Records at the end of her 7 year contract with Don Jazzy’s music outfit. UMG boasts of other…

Telecoms giant, MTN, is planning to sell half of its its $655 million interest in Jumia to raise money to pay down debs and enter into new markets. According to Bloomberg, a selldown of the 19 percent stake in the online retailer could happen before the end of the year. However…

Orange has launched a centre to provide wide-ranging support for startups in Tunis. Known as the the “Orange Digital Centre”, it is a place  built around a completely new concept and entirely dedicated to innovation. It is the first Orange Digital Centre for Africa and the Middle East Attending the launch were Anouar Maarouf, Tunisian Minister of Communication…

Facebook founder and CEO, Mark Zuckerberg has built a “sleep box” to help his wife, Priscilla sleep better through the night. According to Mark in a Facebook post recently, “Being a mom is hard, and since we’ve had kids Priscilla has had a hard time sleeping through the night. She’ll wake…

It is a defining moment in history. Marvel Studios’ “Avengers: Endgame” has made history by grossing an estimated global debut of $1.209 billion in its opening weekend. We had already predicted that this would happen. According to Disney, “The film reached the billion-dollar threshold in just five days, more than…

Co-founder fo Co-Creation Hub, ‘Bosun Tijani, is launching a creativity place for children to experience and enjoy technology and innovation on another level. It is called STEM Cafe. This is the first of many amazing play spaces for kids age 5-18 across Africa. According to him, “children can get a…

Yes, the Avengers: Endgame is currently showing in the cinemas and Google has decided to get into the game by giving you an Easter egg. I promise you, No spoilers here. Go to Google.com and type “Thanos”. When you get the search results, look closely to the right of your…

Digital money transfer company, WorldRemit is planning to partner with mobile money service company, Paga for international digital money transfers into Nigeria. According to a statement by WorldRemit, “The new partnership will considerably grow WorldRemit’s footprint in Nigeria, expanding the company’s service offering from bank transfer and airtime top-up to…

The World Health Organisation (WHO) has launched a Malaria vaccine pilot in Malawi, Kenya and Ghana. The vaccine, RTS,S, also known as Mosquirix, launched in Malawi on Tuesday while it will be introduced in Ghana and Kenya in the coming weeks. The vaccine will be available to everyone under the age of…