Author: Staff Writer

The African Development bank (AfDB) has approved the sum of €20 million to support youth and women entrepreneurs engaged in agricultural value chains in Kenya. The amount is split into two – an equity investment of €18 million in the Africa Guarantee Fund (AGF) and another €1.2 million. The funding,…

Google Cloud has announced a new partnership with Moniepoint, a business banking platform focused on serving underbanked businesses in remote areas of Nigeria. The collaboration aims to provide accessible financial services to millions of small and medium-sized enterprises (SMEs) by addressing the banking gap in suburban locations. With over 41…

The Canadian Senate recently approved a new legislation, known as the Online News Act, that mandates Google and Meta to compensate media outlets for the usage or sharing of news content on their platforms. It became law after receiving royal assent from the governor general. This development signifies a shift…

African payments giant, Flutterwave has announced a strategic partnership with Audiomack to provide premium music experiences and unlock new features for its customers and artists for a fee. By joining forces, Flutterwave and Audiomack are equipping African artists with advanced monetization capabilities. Leveraging Flutterwave’s expertise in secure and dependable payment…

Uber Nigeria has officially its prices in consideration of the fuel hike in the country. According to the ride-hailing company, the price increase was done to help drivers with the rising operating costs in the country. The price of fuel tripled after President Bola Tinubu said he’ll fulfill a pledge…

Amazon is being sued by the US Federal Trade Commission for enrolling consumers in Amazon Prime without consent and sabotaging their attempts to cancel. According to the complaint filed the FTC, “Amazon has knowingly duped millions of consumers into unknowingly enrolling in Amazon Prime. Specifically, Amazon used manipulative, coercive, or…

With the rise of data breaches and identity theft, it is more important than ever for businesses to protect themselves against security threats. A visitor management system can reduce risks associated with managing visitors by providing a central hub for visitor access. Using a visitor management system, you can manage…

In March 2022, a Forbes news report stated that America is undergoing a mental health crisis. The statistics paint a rather concerning picture: over 2.5 million young individuals in the United States today suffer from acute depression and don’t receive the necessary treatment. Today, substance abuse rates have gone up…

In today’s fast-paced world, efficient management of medical practices is essential for delivering quality patient care. One powerful tool that has revolutionized medical practice management is integrated software solutions. These software packages allow medical practices to streamline administrative tasks, thus optimizing overall operational efficiency. The growing complexities in centralized healthcare…

Crypto giant, Binance, is leaving the Netherlands. According to a blog post by the company, it stated that it was not able to register as a virtual asset service provider (VASP) with the Dutch regulator. It said it has been in a comprehensive registration application process and has “explored many…

Peach Motors, a Kenyan auto marketplace announced that it has raised $5 million in a seed funding round led by Japan-based The University of Tokyo Edge Capital Partners (UTEC) and other angel investors, including Shintaro Yamada (founder and CEO of Mercari), Peter Kenevan (VP, Head of Japan at PayPal), and…

OmniRetail, popularly known as OmniBiz, has raised an undisclosed amount from Aruwa Capital Management, an early-stage growth equity and gender lens fund investing in Nigeria and Ghana. OmniRetail is a tech-first B2B e-commerce company that aggregates end-to-end retail operations to help manufacturers, distributors, logistic partners, and retailers achieve their business…

Social media giant, Twitter is being sued by the National Music Publishers’ Association (NMPA) for allowing users to post music on the platform without a license. According to the lawsuit, it is claimed Twitter drives user engagement with “countless infringing copies of musical compositions. Twitter stands out among major social…

Thanks to organizations like NASA, remote sensing and satellite data analysis are now widely available. Although initially developed for military use, the technology’s potential for providing helpful information has been realized and utilized by many different industries. Companies and individual users can use these technologies to gather valuable information. Some…

The Central bank of Nigeria (CBN) has announced the unification of all exchange rate windows. Henceforth all foreign exchange transactions will be done through the Investors & Exporters (I&E) window. In the circular titled “Operational Changes to the Foreign Exchange Market” signed by Angela Sere-Ejembi, Director, Financial markets, the CBN…

Water is a precious resource, and as concerns over scarcity and environmental impact continue to grow, it becomes essential to adopt responsible water management practices. Conducting a water consumption audit can help identify areas of waste and inefficiency, leading to significant bill savings and a more sustainable future. In this…

YouTube is lowering the eligibility criteria for its monetization program under the YouTube Partner Program (YPP). Hitherto, you had to have 1000 subscribers and either 4,000 watch hours in the past year or 10 million Shorts views in the last 90 days to qualify for monetization. The new conditions for…

It is now official. Hilda Baci holds the record for the Guinness World record for longest cooking marathon (individual), with a time of 93 hours 11 minutes. This was confirmed in a statement published on the Guinness World records website today. According to the body, “following a thorough review of all…

In the ever-evolving landscape of the business world, remote work has become the new norm for many organizations. Companies have been rapidly shifting towards distributed workforces, heralding a new era where traditional office spaces and nine-to-five schedules are steadily becoming things of the past. However, this shift has brought to…

In today’s competitive market, you must work extra hard to increase your business’s chance of surviving. As a business owner, it’s your job to make your business successful so that all your time, money, and effort won’t go to waste. One way to boost your business success is to strategize.…