Author: Staff Writer

To boost textile and apparel manufacturing in Togo, the International Finance Corporation (IFC) has unveiled a financing package for Star Garments Group Limited. This initiative will support the establishment of Togo’s first large-scale, export-oriented apparel manufacturing center, anticipated to create thousands of local jobs. The IFC’s $15 million loan will…

Tanzanian fintech NALA announced that it has raised $40 million in a Series A funding round to accelerate its global growth by focusing on two key areas: the expansion of its consumer business and the development of Rafiki, its B2B payments platform. This is NALA’s second round of fundraising in 2 years, having…

The Corporate Affairs Commission (CAC) has announced an extension for the mandatory registration of Point of Sales agents, super agents, and sole agents until September 5, 2024. In a statement signed by its management and posted on its Twitter page on Saturday, the commission granted a 60-day extension. The extension…

The African Development Bank (ADB) Group Board of Directors has approved a $17 million grant to the Islamic Republic of Mauritania for the Project for Promotion of Gender-Sensitive Agricultural Value Chains and Women’s Entrepreneurship (PCVASGEF) Funded under the Global Agriculture and Food Security Programme (GAFSP), this project aims to boost…

Emerging Markets Telecommunication Services Limited (EMTS), operating as 9mobile, has appointed Obafemi Banigbe as its new Chief Executive Officer. This move represents a significant milestone in the company’s ongoing transformation efforts. Banigbe replaces Juergen Peschel, the outgoing CEO, who will remain involved as a Consultant to aid the transition. Banigbe…

Today’s business world is constantly evolving, and that is why digital presence, more than an option, becomes an important necessity. This is because of the fact that it represents a direct and practical gateway with potential clients.A well-designed and professional online image conveys trust and credibility in the market. This…

Around 94% of agile companies use Scrum as part of their workflow and more than ever, businesses are seeing the advantages it can bring in terms of collaboration and co-operation. Agile project management is essential to keep team members engaged and responsive in whatever they do. How does a Scrum workflow fit into all…

Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, has officially responded to reports concerning the alleged purchase of his National Identification Number (NIN) slip for N100 on a now-defunct website. Paradigm Initiative, a civil society organization, raised alarm that some unauthorised websites were claiming to hold and…

Kenya President William Ruto announced on Wednesday that he will halt the proposed tax hikes following significant public opposition. The decision comes after widespread protests against the plan to raise $2.3 billion in new levies resulted in the deaths of at least 23 individuals. The decision will be seen as…

As technology continues to develop at a rapid pace, the need for regular device updates has become increasingly vital, including Chromebooks. These versatile devices, widely adopted in both educational and business settings, require systematic refresh cycles to ensure they remain effective, secure, and up-to-date. The concept of a Chromebook refresh…

Kenyan President William Ruto has deployed military forces to quell nationwide anti-government protests that have resulted in at least five deaths and numerous injuries. The protests erupted in response to a new tax plan introduced by Ruto’s administration, aiming to raise an additional 302 billion shillings ($2.3 billion) in the…

The Nigeria Sovereign Investment Authority (NSIA) has revealed the 26 start-ups selected to participate in the Accelerator Stage (physical bootcamp) of the NSIA Prize for Innovation (NPI 2.0). This announcement follows a comprehensive evaluation and due diligence process on over 7,000 early-stage businesses, from which 100 start-ups were initially chosen.…

Julian Assange, the founder of WikiLeaks, has been released from a British prison and is set to plead guilty on Wednesday to violating US espionage law in a deal that will allow him to return to Australia after a lengthy legal battle. The agreement ends a 14-year ordeal for Assange,…

The National Identity Management Commission (NIMC) has issued a statement warning Nigerians of five websites purportedly involved in unauthorized data harvesting. The five websites are as follows: This press statement could be a fallout of an alarm raised by Paradigm Initiative stating that some unauthorised websites were claiming to hold…

Hello Parents! Are you looking to unlock your child’s potential and turn their dreams into reality? We are thrilled to invite your son or daughter to the Youth Entrepreneur and Leadership Program(YELA), taking place from August 5th to August 16th, 2024. This transformative program is designed for ambitious young individuals…

AltShool Africa co-founder and CEO, Adewale Yusuf, has announced the appointment of Charles Thornburg as the executive Chairman. Yusuf mentioned this on his X’s timeline yesterday. According to Yusuf, “I am excited to share that Charles Thornburgh has joined the @AltSchoolAfrica board as our Executive Chairman. Charles is a 5-time founder…

Nigerian neobank, Carbon, has shut down its debit card operations. Carbon Co-founder Ngozi Dozie made this known in a substack post yesterday. According to him, the fintech has already sent an email to all its debit card holders announcing that they would be discontinuing all card operations on the 19th…

In a historic development, Nigeria is set to make history by sending its first citizen to space . This remarkable achievement is made possible through a partnership between the Space Exploration and Research Agency (SERA) and the National Space Research and Development Agency (NASRDA). An official launch date has not…

Introduction Virtual cards are becoming increasingly popular among marketers and advertisers, particularly for paying for ads on platforms like Snapchat, Facebook, TikTok, and Google. This surge in popularity is largely due to the high level of transaction security these cards provide, safeguarding banking information from potential threats. They offer flexibility…

Adrian Wood, the former CEO of MTN Nigeria, has re-entered the Nigerian telecommunications industry as the new Chief Executive Officer of ntel. ntel is the telecom company that emerged from the unbundling of NITEL and is managed by NATCOMS. Wood, who began his role as the new CEO of ntel…