Netflix has announced a significant milestone in its subscription offerings, revealing that the number of monthly active users on its advertising-supported plan has surged to 40 million. This marks a notable increase from the 5 million reported just a year ago. Amy Reinhard, the company’s president of advertising, shared this…
Author: Staff Writer
Staff Writer
I am a staff at Innovation Village.
In a groundbreaking move set to transform cross-border payments in Africa, TBD, a subsidiary of Block Inc., has forged a strategic partnership with Chipper Cash, one of the continent’s leading financial technology firms. This collaboration aims to accelerate the adoption of open and decentralized technologies, paving the way for seamless…
Cryptocurrency exchange, Kucoin, announced that it has temporarily suspended all Peer-To-Peer (P2P) Nigerian Naira services and Fast Buy service via Naira cards. The exchange stated that the suspension is effective from 2024-05-15 08:00 (UTC)/ 09.00 WAT. This is coming three weeks after Nigeria’s Securities and Exchange Commission (SEC) met blockchain…
Dr. Bosun Tijani, the Minister of Communications, Innovation and Digital Economy in Nigeria, announced that it is setting up a Digital Technology Exchange Programme Hub (Nigeria Startup House) in San Francisco, USA. He declared that this was approved at the Federal Executive Council meeting that took place on Tuesday. Interestingly,…
Dr. ‘Bosun Tijani, the Nigerian Minister of Communications, Innovation and Digital Economy, has announced the approval of a Special Purpose Vehicle (SPV) to support the delivery of an additional 90,000km of fibre optic cable to complement the country’s existing connectivity infrastructure. He made known in a statement on his LinkedIn…
The concept of “Agile project management” often sparks debate and confusion, particularly when considering the absence of a traditional project manager role within Agile frameworks. Critics argue that the term itself is a misnomer, as Agile methodology operates on principles that diverge from traditional project management approaches. However, a closer…
Maad, a Senegalese B2B e-commerce startup, announced that it has secured $3.2 million in debt-equity funding to spearhead its expansion across the West African region. Led by Ventures Platform and supported by a consortium of investors including Seedstars International Ventures, Reflect Ventures, and Oui Capital, Maad’s recent funding round marks…
OpenAI has shaken the AI world with the release of GPT-4o, its newest flagship generative pre-trained transformer model. Unlike its predecessor, GPT-4, this iteration boasts the moniker “o” which stands for “omni,” signifying its expanded capabilities across modalities. Here are the features of GPT-4o: A Multimodal Mastermind GPT-4o goes beyond…
In a surprising turn of events, the Bill & Melinda Gates Foundation is set to undergo significant changes following Melinda French Gates’ recent announcement of her resignation. The news, which comes after 24 years of collaborative philanthropic efforts with her ex-husband, Microsoft co-founder Bill Gates, marks a pivotal moment in…
The United Kingdom (UK) has unveiled its ambitious plan to propel Nigeria’s digital development through its Digital Development Strategy (DDS), aiming to equip over one million Nigerian beneficiaries with essential digital skills within the next two to three years. This initiative, outlined in the White Paper on International Development, underscores…
The National Identity Management Commission (NIMC) has announced a significant milestone in its National Identification Number (NIN) enrolment drive. As of Friday, May 10, 2024, over 107 million Nigerians have been registered in the database. This represents a 3.2 million increase from the 104 million reported in December 2023. This…
Axmed, a revolutionary two-sided B2B healthcare marketplace platform, announced that it has raised $2 million in a seed funding round. This investment, led by Founderful Ventures, brings the total funds raised to $7 million, following a $5 million grant from the Bill and Melinda Gates Foundation. Axmed is an innovative…
Remember the Nokia 3210? The virtually indestructible phone that dominated the late 90s with its iconic candy bar design, satisfying keypad clicks, and the legendary game Snake? The popular phone that sold over 160 million units? Well, get ready for a trip down memory lane because Nokia, to mark its…
MNZL, an Egyptian fintech startup, has announced the successful fundraise of $3.5 million. This capital injection aims to reshape the lending landscape in Egypt and the wider Middle East and Africa (MEA) region. The funding round of $3.5 million was led by P1 Ventures, Localglobe, and Ingressive Capital, with significant…
Canada’s regulatory agency for anti-money laundering announced on Thursday that it has imposed a fine of nearly C$6 million ($4.38 million) on cryptocurrency exchange Binance for breaching laws related to money laundering and terrorist financing. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) stated that Binance failed to…
In a bid to transform the financial landscape of Egyptian businesses, Swypex has announced its official launch following a successful $4 million seed investment round. Spearheaded by the esteemed venture capital fund Accel, this investment marks a significant milestone not only for Swypex but also for the fintech industry in…
Nigeria’s Central Bank, the CBN, has mandated all banks and Payment Service Providers (PSPs) to begin collecting and remitting a new cybersecurity levy. This move comes amidst growing concerns about cyber threats targeting the country’s burgeoning digital economy. The levy, set at 0.5% of the value of all electronic transactions,…
In a significant stride towards enhancing financial support for Quickteller agents, Asante Financial Services Limited and Interswitch have forged a strategic partnership to unveil a pioneering credit service named Agent Float Financing. This novel service, tailored to meet the unique credit requirements of Quickteller agents, aims to offer accessible loans…
Nigeria is about to take a giant leap in the lithium industry with the upcoming commissioning of its first and largest lithium processing plant. This exciting development was announced by Nasarawa State Governor, Engr. Abdullahi Sule, who met with the Minister of Solid Minerals, Mr. Dele Alake, to solidify plans.…
Nigerian logistics startup Renda has secured $1.9 million in pre-seed funding, marking another strong year for the African logistics and transportation sector. The funding round was a mix of debt ($600,000) and equity ($1.3 million), led by Ingressive Capital, with participation from several other investors including Techstars Toronto, Magic Fund,…