Author: Staff Writer

Fastizers, a Nigerian snacks and confectionery manufacturer, has secured a $2 million investment from Aruwa Capital Management, an early-stage growth equity and gender lens fund investing in Nigeria and Ghana. The company intends to expand both its factory operations and product offerings, with the introduction of a new fully automated…

Samsung, the consumer electronics brand in Nigeria, has announced the launch of the Galaxy A14 5G. This new addition to the popular Galaxy A series aims to provide the latest Galaxy innovations at an affordable price, making advanced technology accessible to everyone, especially Airtel Nigeria customers. The device was unveiled…

The Kenyan judiciary has recently introduced a groundbreaking initiative known as the Digital Sex Offenders Registry, marking the first of its kind in the country. This electronic register serves as a comprehensive database that contains vital information regarding all convicted sex offenders. Chief Justice (CJ) Koome emphasized the significance of…

In a bid to attract its own share of global tech talent, Canada announced the launch of its first Tech Talent Strategy at the Collision 2023 event currently taking place in Toronto, Canada. The Tech Talent strategy, which was launched by the Honourable Sean Fraser, Minister of Immigration, Refugees and Citizenship,…

The Central Bank of Nigeria has issued a circular stating the transaction limits for contactless payments. According to the apex bank, the limit per transaction is N15,000 while the cumulative daily limit is N50,000. For higher-value contactless payments, i.e. transactions that exceed the above stated limits, appropriate verification and authorisation…

ShopZetu, a lifestyle startup based in Kenya, announced that it has raised $1 million in a pre-seed funding raise in a bid to entrench its brand in the East African market. Chui Ventures spearheaded the seed raise, joined by Launch Africa, Roselake Ventures, and Logos Ventures. Notable angel investors who…

Tech giant Meta has launched a new Virtual Reality (VR) subscription service – Meta Quest+ for $7.99 per month or $59.99 annually. It is available for Meta’s Quest 2, Pro and soon for Quest 3. For just $7.99 per month, you’ll get access to two hand-picked VR titles every month…

Telegram’s CEO Pavel Durov announced that “Stories” would be coming to Telegram in early July. He made this known on his Telegram channel today. He stated that even though the company has been hesitant about introducing Stories because they have become a common feature in various platforms, the company decided…

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…