Author: Staff Writer

Jendaya, a London-based but Africa-focused fashion eCommerce platform, has raised £1 million (~$1.2 million) in a pre-seed funding round to scale its fashion business. The pre-seed round of Jendaya saw investment from Sabi CEO Anu Adedoyin Adasolum and various angel investors. The company has also secured funding from Ada VC,…

GitHub, an Internet hosting service for software development and version control using Git, announced that it is laying off 10% of its workforce through the end of the company’s 2023 fiscal year. This translates to 300 employees. The CEO, Thomas Dohmke said that the layoff was done to enact “new…

Localbitcoins, one of the first peer-to-peer Bitcoin exchanges, announced that is shutting down operations citing challenges due to the “ongoing very cold crypto-winter.” LocalBitcoins was founded by Jeremias Kangas in 2012 in Helsinki, Finland. It provided a service matching Bitcoin buyers and sellers, with the coins held in escrow until…

In the vast realm of communication, storytelling has always held a profound significance, serving as a timeless art that transcends cultures and connects individuals on a deep, emotional level. In recent years, the integration of animation has emerged as a powerful catalyst, transforming storytelling into an immersive and captivating experience.…

Transforming customer experience enables you to gain customer loyalty, attract prospective clients, and build a strong brand reputation. It’s essential to putting your products, services, and brand at the forefront and achieving greater lifetime value. According to a recent worldwide survey by Statista on consumer behaviour, 94% of the respondents…

Cryptocurrency giant, Binance, has temporarily suspended US Dollar Deposits and Withdrawals via Bank Accounts. This was effective February 8. Though no reason was given for this, a Binance spokesman told CNBC “We are temporarily suspending USD bank transfers as of February 8th.” “Affected customers are being notified directly.” The company…

Endeavor Nigeria has announced a change its leadership with the appointment of Ireayomide Oladunjoye as the new managing director. She is taking over from Tosin Faniro-Dada who has been in charge for the past two years. The appointment was effective 6 February 2023 Before the appointment, Ireayomide Oladunjoye was Head,…

Flutterwave, a Pan African payments technology company, announced that it has entered into North Africa with the acquisition of payment licenses in Egypt. The payment licenses are the Payment Services Provider and Payments Facilitator licenses. The licenses obtained by Flutterwave will allow it to function as a recognized payment service…

Partech, a global venture capital firm with multiple funds, has completed the first close of Partech Africa II (an Africa-focused fund) with €245 million (~$263 million), becoming the largest fund dedicated to Africa to date. This is sequel to its first Africa fund which it raised €125 million announced in…

Today, the tourism industry in Europe starts a new round of popularity. Tourists go on long journeys, students travel on exchange programs, and business is expanding the international network. To stay up to date abroad, visitors need a SIM card. A SIM card is a plastic, physical card that is…

Women in technology know just how amazing a career in this industry can be. Although it hasn’t always been easy for us to thrive in the tech landscape, there is a growing demand for equality in the tech landscape, which is benefiting women from all backgrounds. If you’ve achieved an…

Once upon a time, in the not-so-distant past, it was nearly impossible to get a loan in Nigeria without going through an agent or being a salaried employee. Much like it was impossible to have a retirement savings account or get a pension plan if you weren’t attached to an…

SunFi, a Nigerian clean tech startup, announced that it has raised $2.325 million in seed funding to grow its operations. The funding round was led by Nairobi-based Factor[e] and SCM Capital Asset Management with Voltron Capital, Norrsken Impact Accelerator, Ventures Platform and Sovereign Capital participating in the round. SunFi is…

The Kenyan government has dropped the financial impropriety charges levelled against Flutterwave about seven months ago. According to a Bloomberg report, the withdrawal of the charges was noted in a Kenyan High Court document verified by Robert Gitau, a lawyer representing Flutterwave. In July 2022, the Nigerian-born payments startup was…

As a manager, you are likely always looking for ways to improve your management skills. After all, no matter how much experience you have or how great you are at being a manager, there’s always more for you to learn. If you are looking for some ways to improve your…

Twitter will soon start charging developers for API access as the drive for revenue continues. The micro-blogging site tweeted that effective February 9, it will no longer support free access to the Twitter API, both v2 and v1.1. Instead it will make available a paid basic tier which developers can…

Is your warehouse facing issues with inefficiency? Are productivity levels low? Continuing with these inefficiencies will likely harm your business and its operations. Therefore, tapping into different warehouse management solutions is essential. One way to remedy facility inefficiency is by automating your warehouse operations. It involves running your operations with…

OpenAI has introduced a new subscription plan, ChatGPT Plus which will be available for $20/month. Innovation Village reported some days ago that the company was considering a paid version of its viral chatbot. There had been rumours that the paid version would cost $40 but it was not officially confirmed by…

Lulalend, a digital lender based in South Africa, announced that it has raised $35 million in a series B funding round led by international impact investor Lightrock, with participation from new investors, including the German development finance institution DEG, Triodos Investment Management and Women’s World Banking. Old investors like the…

MNT-Halan, one of Egypt’s largest and fastest growing lender to the unbanked and underbanked, announced that it has raised more than $200 million in equity from Chimera Abu Dhabi in exchange for over 20% of the company. It also announced that two securitizations totaling $140 million through subsidiaries Tasaheel Microfinance…