Author: Oluwasegun Olukotun

First Bank of Nigeria Limited has announced its partnership with CDC Group, the UK Government’s development finance institution on a US$100 million finance facility to FirstBank. This new investment will funnel funding to women-owned and led businesses as well as to local small and medium-sized enterprises (SMEs) in Nigeria. The…

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54gene, the health technology company advancing African genomics research for improved global health outcomes, has announced the awarding of $64,000 in scholarships to four Ph.D. candidates in Nigeria, Uganda, and South Africa. Through the African Centre for Translational Genetics (ACTG), a non-profit initiative launched by 54gene in February 2020, the…

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The African Development Bank (AfDB) has committed $164 million for the Leveraging Energy Access Finance Framework (LEAF) to promote decentralized renewable energy in six African countries. The LEAF program which is an $800 million initiative will catalyze commercial and local currency investments to scale up the activities of decentralized renewable…

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Universal Music Group (UMG) has teamed up with Curio, the premier Non-Fungible Token (NFT) platform for entertainment brands and musical artists to develop NFT collections for its labels and artists. The agreement will enable UMG to leverage Curio’s groundbreaking technology, exclusive partnerships, and innovative fan engagement networks, to create and…

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Earnipay, a financial technology solution that provides flexible and on-demand salary access to income-earners, has closed a Seed round of $4million led by Canaan and with participation from XYZ Ventures, Village Global, Musha Ventures, Ventures Platform, Voltron Capital, and Paystack CEO Shola Akinlade. Targeting employees across Africa, Earnipay officially launched…

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Leading mobile data and analytics company, App Annie, has announced it has changed its name to data.ai, establishing a big enterprise market opportunity: “Unified Data AI”. The company said that the new name reflects the company’s vision to drive comprehensive digital performance with products and partnerships. data.ai is the first…

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Intel Corporation today announced it has reached a definitive agreement to acquire leading foundry for analog semiconductor solutions, Tower Semiconductor for $5.4 billion. The transaction is expected to be immediately accretive to Intel’s non-GAAP EPS. The acquisition significantly advances Intel’s IDM 2.0 strategy as the company further expands its manufacturing…

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