Author: Staff Writer

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…

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…