Author: Staff Writer

President Trump has tweeted that the Chinese company ZTE will have to pay a $1.3 billion fine and purchase US parts before it reopens for business in America. The President also said that the Chinese company will have to give high level security guarantees and change its management and board…

In preparation of the upcoming 2018 FIFA World Cup in Russia, FIFA has released the official song – “Live it Up” This song is rendered by Nicky Jam, featuring Will Smith and Era Isterefi. Produced by Diplo, it follows in the footsteps of ‘We Are One (Ole Ola)’ performed by Pitbull and Shakira’s ‘Waka Waka…

South Africa’s retail giant, Shoprite, has launched its own mobile money service called Shoprite Money. The company partnered with Standard Bank, Google and global financial technology company Celbux to launch this service. According to the company in a statement, “The service, called Shoprite Money, is a mobile transactional banking service available…

As part of its mission to improve the lives of the communities in which the United Bank for Africa operates, UBA Foundation continues to encourage African youths to adopt the culture of reading through its ‘Read Africa’ initiative. Read Africa aims to rekindle the reading culture amongst young Africans. Designed…

CompareInsurance.com.ng, an Insurance comparison site, has won $150,000 in the VentureClash Global Venture Challenge competition held recently in Lagos, Nigeria. It now has a chance to win the investment award of $1.5 million in the finals holding in Connecticut in October this year. The company founded by Alex Aquereburu and…

If you subscribed to websites such as Facebook, Twitter, etc., you would have been recently receiving emails like “We’re Ready for GDPR: Updated Privacy Policy & Terms And Conditions” or “Updates To Our Privacy Policy (GDPR)”. This is because the General Data Protection Regulation (GDPR) comes into force today, 25th of May.…

Heartland Incubation Hub, a venture of Oluaka Institute has partnered with Slush Global Impact Accelerator. Slush Global Impact Accelerator is an international program designed for entrepreneurs from selected emerging markets in partnership with the Finnish Ministry of Foreign Affairs and multiple partners globally. The purpose is to support impact-driven start-ups…

Zimbabwe’s high court has lifted the Reserve bank’s ban on cryptocurrencies. The Reserve bank had earlier in the month issued a directive to financial institutions prohibiting them from working with Cryptocurrency exchanges or holding any accounts of people trading in cryptos. The bank had also directed Golix, Zimbabwe’s first and biggest cryptocurrency…

Instagram has now introduced a new feature which allows you to hide posts on Instagram instead of unfollowing the accounts. It is the “mute” feature. With this feature you can now control the posts you see on Instagram. When you mute an account, you can still see posts on their profile…

Over the past 3 months Startupbootcamp (SBC) Africa have hosted 19 FastTrack scouting days in 15 countries, averaging 1 in every 4 days. They have engaged with and mentored nearly 220 startups and have made direct introductions between founders and corporate sponsors. Now they are urging top innovators across the…

It is true that you don’t need to be a master in coding to launch your own tech startup. There are many ways to convert an idea into a working app, including by hiring top developers or relying on third-party service providers and freelancers. Access to the best coders is…

Have you seen the new trailer featuring superhero Deadpool taking over British club Manchester United? In a promo stunt ahead of the cinema release of the sequel Deadpool 2, Ryan Reynolds has enlisted the help of Manchester United – Jose Mourinho, the players and the stadium – to promote the…

After raising $47.5m from the Rise Fund, a global impact investing fund managed by growth equity platform TPG Growth, Cellulant, says the investment will help scale its blockchain-based platform Agrikore. Agrikore is a mobile blockchain-based platform that has served more than 7 million farmers across the continent, better connecting them…

General Electric (GE) and Shining Hope for Communities (SHOFCO) in collaboration with Kids Comp Camp  in Kenya are working together to increase girls’ participation and uptake of careers in Science, Technology, Engineering and Mathematics (STEM). The initiative seeks to close the wide gap in terms of women’s participation in STEM related…

The Nigeria Innovation Summit (www.innovationsummit.ng) in its 3rd year will focus on the theme: “Building a Culture of Innovation in Nigeria for Sustainable Economic Growth”, the Organisers have announced. The annual event is a credible forum where government agencies, industry experts, the academia, international organisations, entrepreneurs and others meet to…

American Tower Corp (ATC) has entered an agreement to acquire 723 transmission towers from Telkom Kenya. This announcement was jointly made last week by both companies but price details were not disclosed. With this sale from Telkom Kenya, this will herald ATC’s entrance into its fifth African country and 17th…

Four Nigerian secondary school students from Whitesands school, Lagos, have emerged as the 2018 Power Pitch Winner of the Smoke-Free World category of the Conrad Foundation Spirit of Innovation challenge summit held at the Kennedy Space Centre, Visitor Complex, Florida, USA. The students are Afolabi Williams, team leader, Olubusiyi Famobiwo, Menashi…

LifeBank has closed its seed round led by EchoVC Pan-Africa Fund. Also participating in the round was CcHub Growth Capital and an undisclosed healthcare angel investor. LifeBank is a last mile medical supply chain company which leverages technology to discover, organize and deliver essential medical products to hospitals and in…

Mastercard and Unilever recently announced that they will expand their strategic partnership to help micro entrepreneurs in Africa and other regions overcome the cash constraints that limit their ability to buy and sell more products and ultimately grow their businesses. In Kenya, the two companies have launched Jaza Duka (“fill up your store”). The initiative…

Twitter has sent out a warning that its users should change their passwords on Twitter and all services they have used this password. This announcement was made in a blog yesterday saying that they recently identified a bug that stored passwords unmasked in an internal log. When you set a password for…