Author: Staff Writer

Facebook CEO, Mark Zuckerberg, has announced on his Facebook page that “the Facebook community is now officially 2 billion people!” It has taken the social network less than five years to go from 1 billion to 2 billion monthly users. Also revealing is that each day, more than 175 million people…

Tizeti, the company behind Wifi.com.ng which offers unlimited, uncapped internet service across Lagos, has just closed on a $2.1 million seed funding from international investors. These investors include Western Technology Investment, Social Capital, Vy Capital, Picus Capital, Ace & Company, Lynett Capital Partners, Zeno Ventures and a number of angel investors including Y…

Facebook has entered a deal with Fox Sports, the sports network, owned by Twenty-First Century Fox Inc, to stream more than a dozen of the Champions League football matches. The deal includes two live matches per day in the group stage, four Round of 16 games and four quarterfinal matches. This means…

Uber has just introduced a new feature you can order an Uber ride for someone from your own Uber app. When you choose a pickup away from your location, the app will ask whether the ride is for a family member or friend. You can then select the rider from your…

Facebook has introduced new features to make your video chat more exciting. These exciting new features—like animated reactions, filters, masks and effects, and the ability to take screenshots— are available for one-on-one and group video chats. You can now share your emotions with a reaction, add a filter to feel like…

Y-Combinator – backed Ghanaian tech startup, OMG Digital, has closed on Seed Funding of $1.1M from international investors Kima Ventures, Soma Capital, Comcast Ventures Catalyst Fund, Social Capital, M&Y Growth Partners, and Macro Ventures, with participation from a number of Angel Investors including Josh Buckley of Mino Games, and Founder…

The highly anticipated women empowerment show, Against The Odds with Peace Hyde is set to premier on Friday June 30th 2017 on Pan African Business Channel CNBC Africa Channel 410 on DSTV. The show is the latest instalment from Forbes Woman Africa depicting the journey of some of the most influential…

Bob Diamond’s Atlas Mara is selling 35% of its stake to Fairfax Africa Holdings to increase its stake in Union Bank of Nigeria (UBN) from 31% to 44.5%. The firm expects to raise $200m from selling new stock to existing shareholders and Fairfax Africa. Atlas Mara’s market value has dropped…

TLcom Capital has announced a first close of $40 million for its TIDE Africa fund, getting commitments from global development finance institutions, corporate investors and family offices African Development Bank and European Investment Bank jointly accounted for 50% of the commitments, with each investing $10 million in the 10-year fund, which is aiming to…

Sahel Capital has announced the close of its debut fund for the Fund for Agricultural Finance in Nigeria (“FAFIN”). It raised $65.9 million from existing co‐sponsors of the fund and the African Development Bank, CDC Group, and the Dutch Good Growth Fund who jointly committed $31 million to FAFIN. As part of this round,…

One of the biggest news of the week was the resignation of Travis Kalanick, Uber’s CEO. This was another big resignation in a spate of high profile resignations that was started by an employee’s blog post. The employee, Susan Fowler, a former engineer with the transportation company wrote a post “Reflecting On…

Facebook CEO, Mark Zuckerberg, has announced a change in its mission to focus on bringing the world closer together. He made this announcement in a recent Facebook Community Summit in Chicago. Here is the transcript of the announcement: _____________________ Hey everyone! Thanks for coming out to our first ever Facebook Community Summit!…

Infinix Mobility continues to enlighten fans and customers with useful information about original Infinix smartphones and how to #spotthefake when offered. For customers and fans to remain aware and not to fall victim by purchasing the cheapest options being offered in Open market. Here are 5 reasons why you should…

Mastercard has partnered with Nigerian tech start-up, NetPlus to develop an e-commerce solution. The Mastercard e-commerce solution empowers the consumer, the e-retailer as well as the delivery service by providing a simple and secure digital solution. Consumers can pre-authorise the payment when placing their order online, the e-retailer is given…

The internet brought with it numerous opportunities for business. In fact, small businesses can now compete on a global scale even with their limited budgets. There are many online businesses today, such as CMC Markets, and these require their clients to provide certain information about themselves in order to be…

According to a New York Times report, Travis Kalanick, the CEO of Uber has resigned as the CEO of the company. This was due to shareholder revolt. It was reported that five of Uber’s major investors demanded that the chief executive resign immediately. The investors included one of Uber’s biggest…

Instagram has just rolled out a feature where you can now share a replay of your Live Video to Instagram Stories. This means people who missed your live video will have the opportunity of watching it when you share it on your Instagram story. According to Instagram in a blog post,…

France has launched a ‘French tech visa’ program , a fast-track four-year residence permit program to lure entrepreneurs, innovators to its country. According to the French President, Emmanuel Macron last week Thursday — in English: “At a time when some people think that walls are a solution, we do think that openness…

Following the partnership of MainOne’s Data Center company, MDXi, with the Nigerian Internet Exchange, (IXPN) to improve national transit traffic in Nigeria, the company has recently announced a new interconnect service for carriers, enterprises and ISPs called Open-Connect. Open-Connect is a service that facilitates improved interconnection, collaboration and peering within…

Protix, an insect production company founded by ex-McKinsey & Company colleagues, Kees Aarts and Tarique Arsiwalla, has received 45 million Euros in funding to scale the business. Protix breeds insects for animal feed, as insects offer a low-impact protein alternative that can be cultivated on a variety of food scraps.…