Author: Staff Writer

Singapore Telecoms, (Singtel) has announced that it is spending $413 million (Rs 2,649 crore) on shares in India’s Bharti Telecom. This could increase Singtel’s stake in Bharti Telecom by up to 1.7 percentage points to 48.9% and its holding in Bharti Airtel, by up to 0.9 percentage points to 39.5 %. The…

Now is a great time to be an entrepreneur in Africa. There has been a recent boom in small businesses and start-ups, and there are lots of companies who are looking to help entrepreneurs grow. If you are an entrepreneur or a small business owner you may be wondering how to take your…

Celebrating Safer Internet Day (SID) under the connected theme of “Create, connect and share respect: A better internet starts with you”, Facebook today announced a number of partnerships across Africa with over 20 non-governmental organisations and government agencies – with the aim of raising awareness of emerging online issues and helping to explore ways to…

Naspers has shut down all its offices across Africa except for South Africa. Our sources said the staff across the offices were informed today and they have been given till the end of March 2018. Though the sites will still be available in these countries, they will be operated remotely.…

Today, Lloyds Banking Group in United Kingdom, has banned the use of its credit cards for the purchase of cryptocurrencies. Its credit cards include cards of Lloyds Bank, Bank of Scotland, Halifax and MBNA. The bank has joined other banks like Virgin Money, Citigroup, Bank of America and JPMorgan Chase. According to…

Nigerian technology company, Zinox Technologies, has reportedly acquired eCommerce giant, Konga.  Financial and structural details are still sketchy as it is not known whether Leo Stan Ekeh’s Zinox bought out Kinnevik and Naspers. Both companies invested more funds into Konga last year and even Konga’s CEO Shola Adekoya said their…

Orange is launching an offer in Africa to provide access to educational content from the best international universities and training centres Orange and the CNED (National Distance Learning Centre) have announced a partnership to facilitate access to educational content on smartphones in Africa. The announcement was made during the Global Partnership for…

The Pew Research Center has collected data surrounding how much money flows in and out of countries the world over. In 2016, Nigeria received more than $5.6 billion in remittances from the United States alone. During the same period, Egypt received more than $850 million, Ghana received more than $580…

Innovation Village is giving away one (1) Nokia 3 smartphone. Launched in 2017, the Nokia 3 smartphone is a beautifully designed Android phone with all the essentials. Operating System: Android &.0 Nougat CPU MTK Quad-core 1.3Ghz 8 MP autofocus cameras, back and front LTE 4G connectivity 5” polarised HD Corning®…

Two US based investment firms, TPG Growth and Evolution Media, have acquired a majority stake in South African based entertainment company, . TPG Growth is the middle market and growth equity investment arm of private equity giant TPG while Evolution Media is the investment and advisory services firm created by Creative Artists Agency and TPG. “By partnering…

Taiwanese mobile phone manufacturer, Asus, has announced that it will launch the Zenfone 5 at the upcoming 2018 Mobile World Congress in Barcelona. This was done via a tweet as shown below and it has also created a page for the countdown to the launch https://twitter.com/ASUS/status/958641073877929984 The press event is…

If you don’t want the usual uberX or UberSELECT options in Kenya, Uber has introduced another option called uberCHAPCHAP. Why uberCHAPCHAP you might ask? For one is cheaper for the customer. Check out the comparison in the three options According to an Uber spokesman in a statement, “With the launch of…

LifeBank, Nigeria’s digital blood bank, has raised $200 000 for expansion nationwide. Investors in this seed round include EchoVC Partners, a Lagos-based venture capital firm and Fola Laoye, an angel investor with over 20 years of experience in Nigeria’s healthcare industry. Co-Creation also participated in this funding round. Before this funding,…

In an update on its Advertising Policies page, Facebook has created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency. According to Rob Leathern, Facebook’s Product Management Director in a…

Marvel has just released a new trailer of the upcoming movie – Ant-Man and the Wasp. This new film is more or less a sequel to the 2015 Ant-Man movie featuring Paul Rudd as Ant-Man. In this movie, he gets a partner in the form of The Wasp acted by Evangeline…

The United Nations, in collaboration with the Civic Innovation Lab, is organising a Hackathon on 5-7th of Feb 2018 in Abuja. They are calling all developers and problems solvers to register their interest to help us to create a solution that would enable Nigerian Government to efficiently roll out the…

nChain Group, the leading blockchain research and development firm, has taken an equity stake in Centbee, a Bitcoin wallet provider that makes it easy for a global consumers to acquire, hold and spend Bitcoin with retailers and other merchants.  The funding deal was made through the nChain Group’s investment entity, nChain…

A New Year is here once again and you’ve realized that you had way to much fun  and spent all your Christmas bonus. You have lots of new items, gifts from your loved ones, and not a lot of available space. Not really a good start to the year, eh?…

An African based solar system startup, Off Grid Electric, has raised $55 million in Series D round led by Helios Investment Partners, including GE ventures, the venture capital subsidiary of General Electric Company. According to the company, the money raised will, in part, fund its expansion into Ghana, where it will…

Mike Ogbalu III is the new CEO of Verve International, one of the subsidiaries of Interswitch Group. He replaced the former CEO, Charles Ifedi, one of the pioneer staff of the company. Mr Ifedi, a first class graduate of Computer Science from the University of Ilorin, Nigeria and an MBA…