Lagos State has set a new benchmark for youth-driven agricultural innovation by awarding N100 million in grants to 26 young agripreneurs. This landmark initiative, unveiled during the inaugural Lagos Agrinnovation Summit, demonstrates the government’s commitment to empowering the next generation of agricultural leaders and ensuring food security in Nigeria. Themed…
Author: Staff Writer
Staff Writer
I am a staff at Innovation Village.
As of November 2024, the Nigerian Communications Commission (NCC) has granted mobile virtual network operator (MVNO) licenses to 46 companies, marking a transformative chapter for the nation’s telecommunications sector. The NCC introduced the MVNO licensing framework in August 2022 to diversify the market by introducing competition, innovation, and more affordable services…
Meta Platforms has been hit with a substantial fine by the European Union (EU), amounting to €797.72 million (around $841 million), due to alleged breaches of EU antitrust regulations involving Facebook Marketplace. The EU Commission’s case against Meta centers on claims that the tech giant used its social network’s vast…
In an ongoing effort to maintain a safe environment for its users, TikTok recently announced the removal of over 360,000 videos in Kenya that violated the platform’s community guidelines. This action was part of TikTok’s Community Guidelines Enforcement Report for Q2 2024, which highlights its commitment to user safety across…
In a significant step toward advancing digital infrastructure, Next Gen Infraco has launched Ghana’s first open-access 5G network. This groundbreaking development promises to reshape internet connectivity across the nation and beyond, making Ghana one of the first countries in Africa to deploy a neutral 5G network dedicated to providing seamless…
vivo has officially introduced the V40 Lite to the Kenyan market, adding an impressive new model to its V series. Combining refined design, advanced functionality, and powerful performance, the V40 Lite sets a new standard for mobile lifestyle devices, packed with fast charging and cutting-edge AI photography features. The V40…
Watu, a Pan-African asset finance provider, has reached an impressive milestone in Kenya’s mobile device market. Through its subsidiary, Watu Simu, the company has financed the purchase of over one million mobile devices, making a significant impact on digital access for customers across Kenya. In collaboration with manufacturers like Samsung…
Energenic Holdings, a company delivering energy solutions across 32 African countries has secured an R87.5 million (roughly $5 million) investment from South African private equity firm, Sanari Capital. This strategic investment is set to expand Energenic’s offerings, which currently support essential sectors like telecommunications, tourism, and commerce with reliable and…
Bank of Ghana, the apex regulatory body in Ghana has handed down a 1 month suspension, effective November 8 2024, to an international remittance company, Tap Tap Send, for breaching remittance regulations in Ghana. Tap tap Send’s partnerships with all commercial banks and EPSPs was suspended because its “cedi remittance…
A groundbreaking AI-powered initiative was launched on Monday to create an immersive digital experience of St. Peter’s Basilica in collaboration with Microsoft and Iconem, a heritage digitalization company. The project, designed to enhance the spiritual journey of visitors ahead of the Jubilee celebrations in 2025, offers a virtual replica of…
In a significant investment that promises to drive growth and sustainability in Uganda’s coffee sector, Sahel Capital has approved a $1 million loan to Sukuma Commodities through its Social Enterprise Fund for Agriculture in Africa (SEFAA). This term and working capital loan, a part of Sahel’s efforts to uplift the…
In an ambitious move to reshape Africa’s cross-border payment landscape, Nium, a leading real-time payments infrastructure provider, has partnered with Ecobank Transnational Incorporated, a pan-African financial services powerhouse. This collaboration aims to offer seamless, real-time international payments across 35 African countries, benefiting Ecobank’s 32 million customers. By connecting Africa’s financial…
TikTok has announced a new feature that adds a dynamic twist to music and audio sharing: the launch of “Share to TikTok.” This latest feature empowers users to share music, podcasts, and audiobooks from popular music streaming services, including Apple Music and Spotify, directly to TikTok. With just a tap…
Visa has recently made strategic investments in four innovative African startups—OkHi, Oze, Workpay, and Orda.Africa—through its Africa Fintech Accelerator program. This move underscores Visa’s commitment to digital innovation and financial inclusion across Africa, reflecting its broader pledge to invest $1 billion in the continent by 2027. These startups, operating across…
The UK government, through the British High Commission in Nairobi, has committed KSH 667 million ($5.2 million) to establish a fund aimed at expanding access to financing for small and medium-sized enterprises (SMEs) in Kenya. Spearheaded by FSD Africa, a development finance institution funded by the UK government, this “Listed…
Truecaller founders, Alan Mamedi and Nami Zarringhalam, announced that they will be stepping down from day-to-day operations and will hand over to Rishit Jhunjhunwala to be the Global CEO of the company. This announcement was made by CEO, Alan Mamedi in a post on X. According to him, “After careful…
The International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), both World Bank Group members, are partnering with Tanger Med Port Complex to expand its truck and passenger terminal. This €400 million financing package, which includes a €197 million sustainability-linked loan from IFC and €203 million from a…
The cryptocurrency market surged to new highs on Wednesday, driven by optimism following former President Donald Trump’s victory in the U.S. presidential election. Bitcoin, the world’s largest cryptocurrency, led the rally with an impressive 8% jump, pushing it above $75,000, breaking its previous record from earlier this year. Other popular…
In early 2024, Hamster Kombat took the blockchain gaming world by storm. Launched on Telegram as a tap-to-earn game, it quickly amassed a record-breaking user base, reaching 300 million players in a matter of months. By November 2024, however, the game faced a steep decline, losing over 260 million users…
In a groundbreaking step for sustainable space technology, Japanese researchers from Kyoto University and Sumitomo Forestry have launched the world’s first wooden satellite, named LignoSat (named after the Latin word for wood, “lignum”), into orbit. This innovative satellite, about the size of a palm, was sent to the International Space…