African Export-Import Bank (Afreximbank) has announced funding and technical support to the Youth Alliance for Leadership and Development in Africa (YALDA), an international nonprofit organisation that aims to contribute to the development of Africa’s young leaders and enhance youth participation in the implementation and achievement of the African Continental Free…
Author: Oluwasegun Olukotun
Universal Music Group (UMG), the world leader in music-based entertainment has announced the appointment of celebrated A&R executive Tunji Balogun as Chairman and CEO of Def Jam Recordings, effective January 1, 2022. Widely acknowledged as one of the most successful and respected creative executives in music today, Balogun has worked…
The International Finance Corporation (IFC) and Moove have sealed a partnership that will improve urban mobility and ease heavy congestion in Nigeria’s megacity, Lagos, helping to drive sustainable and inclusive economic growth in the metropolis. Moove is an African mobility financial technology firm that provides vehicle financing to mobility entrepreneurs…
Facebook is announcing a set of new features to help protect people from abuse on Instagram: The ability for people to limit comments and DM requests during spikes of increased attention;Stronger warnings when people try to post potentially offensive comments;The global rollout of our Hidden Words feature, which allows people…
A digital analytics company, App Annie has revealed that the video-sharing platform, TikTok, was the world’s most downloaded app in 2020. The short video platform beat social media giant, Facebook, to gain the top spot. Interestingly, TikTok is the only app not owned by Facebook among the global top five…
Salesforce today announced Salesforce+, an all-new streaming service with compelling live and on-demand content for every role, industry and line of business, all in one place. Salesforce+ includes live experiences, original series, podcasts, and other programming. With engaging stories, thought leadership and expert advice, Salesforce+ will illuminate the future of…
Ecobank group is inviting African Fintech entrepreneurs to join the 4th edition of the Ecobank Fintech Challenge. The Fintech Challenge is in line with the Bank’s commitment to championing digitization by allowing innovative African start-ups to promote their fintech solutions. The start-ups can potentially partner with Ecobank to scale their solutions across…
TNM Mpamba today launched a Mastercard virtual payment solution that will enable TNM Mpamba mobile money wallet customers to make safe and seamless local and international e-commerce transactions. This is expected to enhance financial inclusion and improve access to the digital economy. Through a Mastercard virtual (non-plastic) payment solution linked…
African mobility fintech, Moove, today announced that it has raised $23 million in Series A funding. The round was led by Speedinvest and Left Lane Capital, with participation from DCM, Clocktower Technology Ventures, thelatest.ventures, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Kora Capital, KAAF Investments, Class 5 Global, and Victoria…
The Federal Government has signed a partnership with the National Orientation Agency as one of its key partners in its quest to raise awareness for its National Social Investment Programmes. The announcement was made by the Humanitarian Affairs, Disaster Management and Social Development Sadiya Umar Farouq in Abuja at the…
Wema Bank Plc., one of Nigeria’s oldest financial institutions, has renewed and expanded its long-term business agreement with Network International, the leading enabler of digital commerce across Africa and the Middle East. Building on their long-term relationship, Network International will be helping WEMA Bank increase its card-issuing capacity as well…
Nigerian media mogul and founder of EbonyLifeTV, Mo Abudu, in collaboration with Universal Pictures, and Will Packer Productions will produce a movie on Ramon Abass popularly known as Hushpuppi, after receiving adaptation rights. Inspired by a Bloomberg story, titled “The Fall of the Billionaire Gucci Master,” the production houses will…
Qualcomm Incorporated today announced it has submitted an offer to acquire American Swedish provider of automotive technology based in Stockholm, Veoneer, for $37 per share, in an all-cash transaction. The offer approved by Qualcomm’s Board of Directors does not require Qualcomm stockholder approval, and has no financing conditions. This proposed…
President of the Republic of South Africa and African Union (AU) COVID-19 Champion, Cyril Ramaphosa has announced the start of monthly shipments of vaccines acquired by the AU / African Vaccine Acquisition Trust (AVAT) to the AU Member States today. An initiative by the AU Member States to pool their…
Ministry of Science, Technology and Innovation has granted the sum of Five Million naira, to students of Marist College Yangoji Abuja, for inventing the Sensebox and Aquabot device, which are monitoring devices for air and water pollution. The presentation was made by the Minister of Science, Technology and Innovation, Dr.…
American online video sharing and social media platform, YouTube, has been developing new ways for creators to take their businesses to the next level. In just over the last three years, the company has paid more than $30 billion to creators, artists, and media companies. So you know YouTube pays…
The apex regulator of banking activities in Nigeria has released new guidelines to further regulate the services provided by mobile money operators (MMOs) in Nigeria (“the new guidelines”). Since 2015, when the last regulatory changes were made using the old guidelines, mobile money operators have evolved to some extent with…
Leading global smart device brand OPPO today unveiled its next-generation under-screen camera (USC) technology for smartphones. By combining the best in hardware innovation and OPPO’s proprietary AI algorithms, the new under-screen camera solution discreetly places the front-facing camera under the smartphone display in a way that maintains the integrity and…
Mastercard has partnered with online payment gateway PayFast to encourage South Africans to shop online at local businesses, while putting a spotlight on small business and the inspiring entrepreneurs behind them. Launching this week, the two-month campaign aims to elevate the visibility of these businesses that leverage PayFast’s payment gateway…
TikTok has announced it is teaming up with global agency group, Publicis Groupe to help brands tap into emerging shopping trends on the short video platform. Publicis is the first global agency group to partner with TikTok to bring the power of commerce and education to brands and marketers; as…