Dr ‘Bosun Tijani, the Honourable Minister of Communications, Information, and Digital Economy, has unveiled the list of selected recipients for the Fourth Industrial Revolution Technology Application (4IRTA) in Agriculture. The 4IRTA initiative serves as a platform for executing demonstration projects utilizing Fourth Industrial Revolution technologies, including Unmanned Aerial Vehicles (UAVs),…
Author: Staff Writer
Staff Writer
I am a staff at Innovation Village.
Access Holdings Plc has unveiled a pivotal development in its strategic growth trajectory with the announcement of a proposed acquisition that is poised to reshape the landscape of pension fund administration in Nigeria. Access Golf Nigeria Limited, a majority shareholder of Access Pensions Limited, a subsidiary of Access Holdings, has…
Xiaomi has taken the smartphone market by storm once again with the grand introduction of its latest masterpiece – the Redmi Note 13 Series. The launch event, held in the vibrant city of Lagos, Nigeria, unveiled five sensational devices that are set to redefine the Redmi Note legacy. The Redmi…
The Honourable Minister of Communications Innovation and Digital Economy, Dr. ‘Bosun Tijani has announced the launch of a new initiative, #DevsInGovernment, in a bid to build a digitally empowered Civil Service for Nigeria. According to the Minister in a post on his ‘X’ page, #DevsInGovernment is a community of technologists…
In a significant move towards environmental sustainability, the Lagos State Government has taken a decisive step by banning the use and distribution of single-use plastics, including Styrofoam. The announcement, made by the Commissioner for the Environment and Water Resources, Tokunbo Wahab, reflects a growing global concern about the environmental impact…
If you are an entrepreneur and operate in the food and restaurant industry, you are in for an excellent 2024. The economy looks good, and people are ready to go back to their old ways of spending. The cloud kitchen industry is set to hit $2.6 billion by 2026, which…
Amazon Prime Video is undergoing a restructuring of its international business, with a particular emphasis on prioritizing European Originals. This strategic shift involves a reduction in content and staff in Africa and the Middle East. The restructuring aims to streamline operations, refocus resources, and align the streaming platform with its…
The social media platform Reddit has devised comprehensive plans to proceed with its initial public offering (IPO) in March, marking a significant move after contemplating a listing for more than three years, as per a Reuters report. Reddit’s IPO, set to be the first major social media company to go…
Canza Finance, a pioneering Web3 neobank focused on facilitating cross-border payments for African startups, has successfully closed a strategic funding round, raising $2.3 million. The funding will play a crucial role in obtaining licenses from diverse financial regulators across Africa and establishing the groundwork for its innovative FX DeFi platform,…
In a significant shift, Apple has emerged victorious over Samsung Electronics, ending the latter’s 12-year reign as the largest seller of smartphones globally. According to data from the International Data Corp. (IDC), Apple secured a commanding 20% share of the market in 2023, outpacing Samsung, which concluded the year with…
Scrapays, a Nigerian Cleantech Startup, Fusing Recycling, Technology and Finance entity, has raised some funding from the Catalyst Fund, a global accelerator for inclusive tech startups. Founded in 2019 by Boluwatife Arewa and Tope Sulaimon, Scrapays enables the proper disposal of waste by creating and empowering a network of micro-enterprises that…
In March 2022, alGROWithm made headlines with the announcement of its groundbreaking initiative, the creation of Africa’s inaugural Growth Talent Accelerator Program (GTAP). Now, in a pivotal move, the organization is set to redefine the landscape of talent development in the African tech startup ecosystem, thanks to a game-changing funding…
In a strategic move reflecting the growing interest in alternative assets, U.S. private equity firm General Atlantic has announced the acquisition of UK-based infrastructure investor Actis. This development comes hot on the heels of BlackRock’s recent $12.5 billion deal with Global Infrastructure Partners, underlining a trend where major players are…
In a strategic move, British energy giant Shell is set to offload its Nigerian onshore oil and gas subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), to a consortium of five predominantly local companies for a substantial $2.4 billion. This landmark decision comes after nearly a century of…
In an innovative move aimed at transforming the digital landscape, Microsoft and Vodafone announced a 10-year strategic partnership designed to propel digital platforms to new heights. The collaboration will harness the strengths of both companies to provide scaled digital services to over 300 million businesses, public sector organizations, and consumers…
Safaricom, M-PESA Africa and Sumitomo Corporation – a leading Fortune 500 global trading and business investment company – have announced calls for tech startups looking to join the Spark Accelerator program, which aims at accelerating early stage startups to grow and scale their businesses. The three-month accelerator program will provide a…
In a bid to enhance crucial infrastructure development across Africa, the International Finance Corporation (IFC) has announced a $30 million equity investment in the Africa Infrastructure Investment Fund 4 Partnership (AIIF4). Managed by Africa Infrastructure Investment Managers (AIIM), a subsidiary of the Old Mutual Group, the fund is poised to…
FriendyM, an Egypt-based autotech company, has secured a $2 million investment to extend its car management and maintenance services across the Middle East and North Africa (MENA). Founded in 2016 by Abdelrahman Elgamal, FriendyM offers, through its platform, several car services like maintenance, tracking car expenses, and concierge services, among…
Global Infrastructure Partners (GIP), a leading infrastructure investor with over $100 billion in assets under management, has agreed to be acquired by BlackRock for $12.5 billion in cash and stock. BlackRock has committed to paying $3 billion in cash and issuing 12 million of its own shares to GIP’s six…
Hertz is making waves in the automotive world by offloading 20,000 electric vehicles, primarily comprised of Teslas, and funneling the proceeds into the purchase of gasoline-powered cars. Citing diminished demand for EVs and unexpectedly high repair costs, the company initiated the sell-off last month, set to extend throughout 2024. Notably,…