First Bank of Nigeria has launched its Visa Multi-Currency Card, the first kind to be offered by a bank in Nigeria. The card can be used to process transactions linked to all of these four currencies namely: NAIRA, The US Dollars, Euro and GBP accounts. The card is essential for…
Author: Oluwasegun Olukotun
Kenyan social enterprise startup Raino Tech4Impact has secured USD100 K in equity investment. The startup landed the investment for winning a pitch event put together by Raino Tech4Impact Samurai Incubate Africa and Growth Africa. Raino Tech4Impact which employs technology to equip African communities came out tops among the 11 eleven startups…
Kobo360, the digital technology platform disrupting African third-party logistics, today announced the completion of a $20M Series A equity round led by Goldman Sachs, with participation from Asia Africa Investment and Consulting Pte. and existing investors including TLcom Capital, Y Combinator, the International Finance Corporation. An additional $10M in local…
The Uganda Communications Commission (UCC) has begun the initiation of the mandatory registration of influencers and online publication operating in the country. The East African country had issued a notice as it regards the registration in March 2018. The notice stated that online publishers (including influencers, online video broadcasters, online…
AfriLabs has announced it will host the 2019 AfriLabs Annual Gathering in partnership with the Division of Human Resource and Youth Development in the Department of Human Resource, Science and Technology with the African Union. AfriLabs is the bigges pan-African network with 158 technology and innovations centers in 45 African…
Disney has announced it will remake Christmas classic Home Alone for its streaming service. According to BBC, the Chairman and CEO of The Walt Disney Company had a conference call with investors this week to announce that a remake of the 1990 John Hughes Christmas movie was in the works.…
The Nigerian Communications Commission has slammed a fine of N136 million on mobile network operators Airtel and 9mobile. The two mobile operators incurred the wrath of the NCC for flouting regulations which include the illegal automatic renewal of date subscription, unauthorized disconnection of an interconnect carrier and breaking the Do-Not-Disturb…
Kenya’s telecom Safaricom has made a financial injection worth Sh407 Million in its M-Pesa global business with the aim of increasing the mobile money transfer platform’s customer base by increasing the platform’s presence across the globe. M-Pesa is a mobile phone-based money transfer, financing and microfinancing service that helps users…
Hyundai has unveiled a line of its Sonata hybrid fitted with solar panels to help charge its battery. According to the Korean car maker, about 60% of the power for the car’s battery could be supplied if the solar roof was used for six hours a day. The panels would…
Reports making rounds suggest that South African Telecoms giant MTN is embroiled in a new tax fall out with Nigeria’s tax agency over accusations leveled against it for deducting tax from the NGN 330 Bn fine imposed by the Nigerian Communications Commission (NCC) in 2015. Nigeria’s tax agency the Federal…
Nigeria’s premier bank First bank recently hosted its Digital Lab Open House at its Digital Lab in Yaba, Lagos. The event was among a schedule of events lined up during the bank’s Innovation Week, that took place from 29 July to August 2, 2019. According to Folake Ani-Mumuney, the bank’s…
The Nigerian Communications Commission (NCC) has reassured the over 174 million telecoms consumers of their protection from suffering any service disruption as a result of the ongoing regulatory intervention towards resolving the rising interconnectivity debts among telecoms operators in Nigeria. The Commission also called on debtor operators to settle interconnect…
Kenya has emerged the 8th largest geothermal power producer in the world according to global ranking. The East African country climbed up to its new position after it commissioned the Olkaria V geothermal power plant. The power project added 82.7 megawatts to the country’s power grid, a development which has…
Finnish multinational telecommunications company Nokia is set to host an event tagged the “Innovation Days” with the aim of showcasing its 5G technology in Lagos. The event is packaged to display how the emerging telecommunications technology can revamp the way of life of people and work as well as boost…
Application is currently on for the European Union’s €5 Million Euros for High-Technology for Humanitarian Aid. The European Union is awarding 1 million euros to one winner in each of the following categories: a) shelter and related assistance; b) water, sanitation, and hygiene; c) energy; d) health and medical care,…
The Nigerian Communications Commission (NCC) has warned Nigerians against the use of the Internet to engage in activities that qualify for cybercrime, hate speech, and fake news. In a keynote address with the theme : “The Internet We Want and the Role of the Regulator”, at a social media summit…
Uzoma Dozie, one of Nigeria’s leaders in the financial sector and the last Group Managing Director of Diamond Bank, Nigeria, today announces that he is launching a new financial technology community and ecosystem, Sparkle; a mobile-first platform focused on the country’s retail sector. Sparkle will tackle how retailers can achieve their daily objectives and scale…
The Director General of the National Institute for Pharmaceuticals Research and Development (NIPRD), Dr. Peter Obi Adigwe, has said that NIPRD and NCC need to collaborate to build a data base to harness the research by all those working in pharmaceutical area, so that prospective investors can access such data…
The first mobile money service in South Sudan m-GURUSH has launched. A product of a joint partnership between South Sudan’s Trinity Technologies and Zain Telecoms South Sudan, the mobile money service was issued a license by both the Bank of South Sudan and the National Communication Authority of South Sudan.…
Kenya has directed that 17 foreign directors of betting companies operating in the country be deported. The interior ministry gave the order yesterday just about a week after it ordered telecoms firm Safaricom to stop processing payments for sports betting firms. Online sports betting has grown fast in recent times…