Heritage Bank emerged as the preferred bidder for the acquisition of Enterprise Bank yesterday. The bid was put t N56billion. This comes about a year after Asset Management Corporation of Nigeria (AMCON) began the sale process. Enterprise Bank is one of the three nationalized banks created after the 2009 banking…
Author: Staff Writer
Staff Writer
I am a staff at Innovation Village.
CEOs in Africa are optimistic about their company’s prospects for revenue growth over the medium term, according to PwC’s ‘Africa Business Agenda, 2014’ report issued today (http://www.pwc.com). Suresh Kana, Senior Partner for PwC Africa, says: “CEOs in Africa feel more positive about their ability to generate revenue growth and about…
Well-known global business leader and chairman of Heirs Holdings Tony Elumelu says the group “has the ambition to generate at least a quarter of Nigeria’s power consumption needs in the next five years.” Heirs Holdings’ interests in the power sector include Transcorp Ughelli Power, a gas-fired, thermal power generating plant…
E-commerce in Nigeria records over $2m worth of transactions per week and close to 1.3bn per month from the 38% of Nigerians who prefer to buy products through the internet, according to a survey conducted by the business management and consulting firm Philip consulting. According to the online marketplace Kaymu.com.ng, these…
The abduction of over 200 little girls from Chibok in the Northern State of Nigeria gave rise to the hashtag, #BringBackOurGirls. Many people around the world used this hashtag to align with the search for the missing girls on social media. Till date, former Minister of Education Oby Ezekwesili, instrumental to…
Al Yah 3 set to be launched in Q4 2016 from French Guiana Orbital Sciences Corporation to manufacture Al Yah 3 Arianespace to launch the new satellite in 2016 Yahsat (http://www.yahsat.ae), the UAE-based satellite operator, has announced the manufacturing and launch partners for the Company’s recently announced third satellite, Al…
South Africa’s #1 Online Fashion Destination wins Best Customer Service, Best Shopping Process and 1st runner-up for Best e-Commerce Website The uAfrica eCommerce Awards 2014 were recently held, with the aim of recognising and rewarding excellence in the field of eCommerce in South Africa. Online fashion retailer Zando was the…
Zamtel and NEC Corporation , global leader in the integration of IT and network technologies, have agreed to build a new digital microwave radio transmission network to boost mobile coverage and capacity for citizens, enterprises and tourists across Zambia. The turnkey deal, which includes the supply, delivery, installation, testing and…
Apple® today announced iPhone® 6 and iPhone 6 Plus, the biggest advancements in iPhone history, featuring two new models with stunning 4.7-inch and 5.5-inch Retina HD displays, and packed with innovative technologies in an all-new dramatically thin and seamless design. The new iPhones feature a precision unibody enclosure of anodized…
The long awaited Apple Watch was unveiled today. Apple today unveiled Apple Watch – its most personal device ever—featuring revolutionary new technologies and a pioneering user interface with a beautiful design that honors the rich tradition of precision watchmaking. Apple Watch introduces a specially designed and engineered Digital Crown that…
Is Facebook gradually becoming Facetube? In a recent announcement, Facebook reported that video views on Facebook have hit an average of 1 billion views a day. And guess what? 65% of the views are on mobile. Video uploaded directly to Facebook is an increasingly important part of News Feed, and…
Hellofood wins Digital Impact Award for “Best E-commerce Site”…Africa Internet Holding companies Jumia and Kaymu were also nominated At the inaugural Digital Impact Awards, held in Kampala, Uganda on the 21st August, three Africa Internet Holding companies (Jumia, Hellofood and Kaymu), were nominated in the “Best E-commerce Site” category, with…
“Shop-in-shop” and dedicated marketing campaign boost sales by 70% The shop-in-shop concept was launched by Jumia in January 2014 in response to two key observations: on the one hand, the growing customer preference for buying online, and on the other hand the high cost for retailers of renting physical shop…
Shortly after a strategic expansion to the capital city of Nigeria and still on a mission to revolutionize the transportation system in Nigeria, Easy Taxi has put a deck of cards on the table, revealing it will be giving out free rides on the 9th and 10th of September to…
John Muthee, formerly with GfK, joins GeoPoll to lead client services and business development alongside the rapidly growing GeoPoll team in key African markets GeoPoll , the world’s largest real-time mobile survey platform, today announced the hire of John Muthee as VP of Business Development in Africa. Muthee will drive…
Jovago.com has been nominated for the award of “A leading On-Line Hotel booking company in Nigeria for the year 2014” by the Nigerian Hospitality Security Workshop and also for the 2014 Nigeria Customer Service Excellence Awards The Nigeria Customer Service Awards is an award based on customer nominations which is…
This was done for an outgoing CEO. The CEO is Mark Sebba, the CEO of Net-A-Porter, a leading online fashion company who has been at the helm of affairs for 11 years. How would you feel as a CEO if this happened to you? https://www.youtube.com/watch?v=4u5VQlBENB8
Airtel Nigeria, in collaboration with Opera Software, has launched a free service for customers looking for information on the Ebola virus. By zero-rating ‘www.ebolafacts.com’ that provides educational information on Ebola, Airtel subscribers will be able to access vital information on their mobile phones without worrying about incurring data charges. By…
The Federal Trade Commission (FTC) in America has ruled that Google will have to refund parents for children using mobile apps downloaded from the Google Play app store for use on Android mobile devices. This was contained in an announcement today made by the FTC. Under the terms of the…
In line with continued efforts to further raise service levels for its customers in Nigeria, MTN has reached an agreement in principle with IHS Holding Limited (“IHS”) for the transfer of its towers business, comprising of up to 9,151 of MTN’s mobile network towers in Nigeria. The transaction is expected…