Author: Staff Writer

Eskimi, a mobile social network in Nigeria, launched a mobile RTB (mobile real time bidding platform) with a goal to even more increase the mobile reach in Nigeria for advertisement clients and agencies. Eskimi currently has 9 million members in mobile social network in Nigeria alone and is planning to…

As end of the year draws neigh and the holidays approaches, festivities and celebrations have begun. With so many things to be thankful for and so many people to see and places to visit, Easy Taxi, Nigeria’s foremost taxi requesting service recognizes that with these celebrations come the responsibility of…

Just a few hours into the launch of ‘Yakata’, Konga’s version of the global ‘Black Friday’, the largest online mall in Nigeria recorded a massive flood of eager shoppers on the site as many Nigerians are leaving no stone unturned in making away with the biggest deals of the year.…

United Bank for Africa (UBA), one of the largest financial services company in Africa is partnering with Bharti Airtel, a leading telecommunications services provider with operations in 20 countries across Asia and Africa, to provide mobile-based financial services across Africa through Airtel Money. Airtel Money is Bharti Airtel’s mobile commerce…

The Positive Action for Children Fund (PACF) is proud to announce 103 grants for 2015 totalling £5 million. 54 new grants and 49 extensions will be funded to support community responses to help end mother to child transmission of HIV thereby delivering crucial services to mothers, children and HIV affected…

The Yakata sale on Konga.com Nigeria’s largest online mall has begun! It’s happening at the moment! Yakata is the major event that the online shopping scene has been building up to all year! It is Konga’s version of the Black Friday Sales. The Sales kicked off today and would be…

Nigeria’s Petroleum Minister, Diezani Alison-Madueke, has emerged as the new OPEC President. She was elected at the ongoing 166th General Meeting of the Organisation of Petroleum Exporting Countries, OPEC. Being the first lady to be elected President, she succeeds Libyan Vice-Prime Minister for Corporations, Abdourhman Atahar Al-Ahirish. Until her election,…

LG has just undertaken a corporate reshuffling of its executive team, With this move, Juno Cho, President of LG Corp., LG Electronics’ holding company, will take on the role of President and CEO of the LG Mobile Communication Company with Dr. Jong-seok Park moving into the newly created position of…

Opera Software has just launched a Subscription Mobile Store. With this Subscription Mobile Store, operators can create their own “all you can eat” subscription stores, in which consumers pay a small weekly fee to download as many apps as their smartphones can handle. Mobile operators who’ve missed out on the…

Kenya’s leading mobile telecoms company, Safaricom, has launched a $1million venture fund to accelerate the development of mobile applications in Kenya. According to Safaricom, the Spark Venture Fund will be offered to mobile ICT start-ups based in Kenya, either through equity investment in their businesses or in the form of…

The University of the Witwatersrand, Johannesburg (Wits) has become the first African university to join edX. With this, the edX community throughout Africa (which boasts of over 200,000 learners), will now have access to courses from Wits. “This is a pioneering, innovative project spearheaded by Wits, which will indeed unlock new…

Global Alternative Asset Manager The Carlyle Group (NASDAQ: CG) and Old Mutual Private Equity today announced that they have agreed to acquire 100% of South African tyre retailer and wholesaler Tiger Automotive (TiAuto) from Ethos Private Equity and the founders. Funding for this investment will come from the Carlyle Sub-Saharan…

Global alternative asset manager, The Carlyle Group has invested $147 million in Diamond Bank, a commercial bank headquartered in Lagos, Nigeria, with operations across West Africa and the UK. The investment came through the Bank’s recently completed $305 million (NGN 50 billion) rights issue. The rights issue improves Diamond Bank’s…

Leading telecommunications services provider, Airtel Nigeria, has announced popular On-Air Personality (OAP), Wana Udobang, as anchor for its new CSR programme, Touching Lives, a reality television show that is focussed on providing a lifeline for the less privileged. The show, which will air on terrestrial and satellite television stations, will…

A leading member of Swiss based Quantum Global group’s Advisory Board (http://www.quantumglobal.ch) has today accepted a key UN post based in Vienna. Célestin Monga, a Cameroonian national, an internationally recognized economist and currently Director of the Oxford University Press Handbook of Africa and Economics, has accepted the post of Managing…

The first mobile money service in the world to pay profit to its users Tigo announced today the first of its regular quarterly payments worth 3bn/- (US $ 1.8 million) to Tigo Pesa users. This payment comes three months after the company paid a staggering profit of TZS 14.25 billion…

Bharti Airtel (“Airtel”), a leading global telecom services provider with operations in 20 countries across Asia and Africa, yesterday evening launched Africa’s first 4G service in the Seychelles. Airtel has launched the service on a state-of-the-art network based on FD-LTE, making the Seychelles amongst the first countries in sub Saharan…

According to an in-depth study conducted by the Economist Intelligence Unit (EIU) on behalf of DHL Express (http://www.dpdhl.com), approximately 40% of global SMEs (small and medium-sized enterprises) do not perceive Africa as a growth opportunity, despite the positive economic growth stories and growing middle class in the regions. The report…

Today, JUMIA announced a new round of investments amounting to EUR 120 million. These investments, which were made by existing shareholders, strengthen the company’s position as the leading online retailer in Africa. Jeremy Hodara, co-CEO of Africa Internet Group said: “We are very pleased to have been given this show…

CFAO  announces the creation of its club of brands, a network of international brands wishing to support the rise of the African middle class. The following new-generation international brands are the first five members of this innovative club: La Grande Récré (Ludendo group), L’Occitane en Provence, Cache Cache and Bonobo…