OBG Limited in partnership with OBG LLC in the United States has announced the launch of its financial literacy Academy in Nigeria as part of efforts towards improving financial education in the country. The OBG Academy is a financial literacy institution that educates Nigerians with the requisite knowledge of the…
Author: Oluwasegun Olukotun
A new African digital mobile network, BeMobile, has been launched to take charge of the African youth market. BeMobile in partnership with the global mobile virtual network Enabler (MVNE) x-Mobility wants to give Africans freedom and control over their communication. It’s not just about BeMobile allowing African youths to break…
Africa’s leading B2B marketplace serving the informal sector, Sabi, has raised a US$6 million bridge round led by CRE Venture Capital to support its continued fast-paced growth in Nigeria and beyond. Sabi which began operations in Nigeria over a year ago and recently expanded to Kenya serves Nigeria’s $244 billion…
Ecobank has signed an agreement for a €100 million long-term credit facility over 9 years with the European Investment Bank (EIB). The financial deal reinforces joint Ecobank Group and EIB targeted support for business investment across Africa, with particular support for the sectors most impacted by the COVID-19 pandemic. Ade…
The Federal Government has launched an enhanced passport to improve the passport application process for Nigerians at home and in the diaspora. The Minister of Interior Rauf Aregbesola who at the rollout of the Enhanced e-Passport at the Nigerian High Commission in London, United Kingdom revealed that the Nigerian Passport…
The Global Startup Ecosystems will be hosting the 3rd annual Nigeria Tech Summit scheduled to take place on December 17, 2021, at the Abuja Transcorp Hilton with virtual live access to global delegates. The programme is sponsored by the U.S. Mission in Nigeria backed by accelerator partners IBM Cloud, AWS,…
Kenyan fintech startup, Asimilia has raised $2 Million in pre-seed funding. Several investors participated in the funding round including two-time unicorn founder, Fredrik Jung Abbou (co-founder of Kry and Lendo), Norrsken Impact Accelerator, and other prominent founders from across Europe. Asilimia will deploy the fund to deliver innovative services with…
Pan African and VC-backed financial services platform for Africa’s gig workers, ImaliPay has partnered with Cellulant for its payments infrastructure and solutions in Kenya and Nigeria. The partnership will make it a lot easier for freelancers to make and receive payments. It will also better the experience gig workers have…
E-commerce platform Jumia has appointed Betty Mwangi as its Kenya Chief Executive Officer. Mwangi will take over from Sam Chappatte and will direct her attention to speeding up the corporate growth of the company. Mwangi is an engineer with 20 years of experience in the telecommunications, insurance, and pharmaceuticals industry.…
Adanian Labs is inviting startups to apply for its newly launched Adanian Labs Venture Building Program for 2022. Interested tech entrepreneurs can apply for the 2022 cohorts by joining Adanian Labs in Kenya, Tanzania, Zambia, Nigeria, and South Africa. Established in 2020, the Adanian Labs has incubated fourteen (14) groundbreaking…
African cryptocurrency exchange, Busha has raised $4.2 million in investment led by Jump Capital. Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors also participated in the financing round. Busha which has been scaling its services across Nigeria since 2019 will now deploy the new funds…
Niantic Inc., creator of Pokemon Go is now valued at $9 billion after receiving a $300 million investment from Coatue. Niantic will deploy the funds to invest in its current games and new apps. It will also expand the Lightship developer platform, and build out its vision for the Real-World…
Italy’s antitrust authority has slammed a fine of more than 200 million euros (US$225 million) on tech giants Amazon and Apple over allegations of anti-competitive cooperation in the sale of Apple and Beats products. Both US tech giants entered a contractual agreement in 2018 which stated that only selected resellers…
TikTok has launched the TikTok TV app on Google TV and other Android TV OS devices, LG Smart TVs, and Samsung Smart TVs. Just last the short video platform launched its app on LG smart TVs and earlier this month the TikTok TV launched in the US and Canada with…
In its bid to push the boundaries of visual effects, Netflix has acquired Scanline VFX, one of the most creative and innovative VFX studios in the world. Founded in 1989, Scanline is widely acclaimed for its complex, photorealistic effects, and expertise in virtual production. Netflix will invest in Scanline’s pipeline,…
The Nigerian Communication Commission is inviting Startups and Tech Hubs as well as Investors and the ICT ecosystem to participate in the second edition of the NCC Emerging Technologies Annual Innovation Competition/Exhibition with the theme “Promoting Sustainable Digital Service Development in Nigeria.” The commission hopes to use the platform to…
Nokia has partnered with UNICEF and Orange Foundation to launch a programme aimed at empowering marginalized young people, particularly girls, in Morocco with digital, entrepreneurial, and environmental skills. As part of the UPSHIFT program, it will enable young people to support and give back to their communities as well as…
African Export-Import Bank (Afreximbank) has signed a multimillion Dollar Term Loan facility with Geometric Power Limited in connection with Nigeria’s Aba Integrated Power Project. The US$50 million Loan facility signed in Durban during the second Intra-African Trade Fair (IATF 2021) will be deployed to finance the initial capital required to…
Leading Nigerian energy company, Ardova has completed the acquisition of Enyo Retail & Supply Limited at a signing ceremony held in Lagos on Tuesday. The deals follow Ardova’s initial notice in January 2021 of an agreement in principle with Enyo’s shareholders to acquire the business. Ardova following due process received…
Silverbird Group has sealed a partnership with AAA Entertainment to develop and produce a series of cinematic African feature films in Africa. The partnership agreement was signed today at the Afreximbank pavilion at the Intra African Trade Fair (IATF) in Durban South Africa. As part of the deal, AAA…