Global high-impact entrepreneurship network, Endeavor, has published a white paper in partnership with foremost data collection company Stears Data. The paper titled “Protecting Nigeria’s Entrepreneurial Future” outlines several proposals for Nigeria’s government policymakers and the business community, as local startups and scale-ups navigate the repercussions of the global pandemic.…
Author: Oluwasegun Olukotun
The Federal Government has announced plans to provide solar energy to 5 million homes in Nigeria within the next 12 months,as part of the Economic Sustainability Plan. President Muhammadu Buhari made the announcement in an address at the first year Ministerial Performance Review Retreat held at the Presidential Villa in…
Microsoft has confirmed the release date of its second next-generation console following a leak that prompted it to unveil the Xbox Series S. The game which the company described as the “smallest Xbox ever” will be released in the US on 10 November. Tweets about the launch on its the…
Online multiplayer battle royale game, PlayerUnknown’s Battleground (PUBG) has severed relationship with Tencent in India after the country banned apps with links to China. PUBG Mobile was of the 118 Chinese apps axed by the Indian government over national security concerns. PUBG Corporation said it would take on publishing responsibilities…
MTN has said it will continue to partner with Cameroon to boost the country’s strive for a fully digital economy. The new Chief Executive Officer of MTN Cameroon, Stephen Blewett, made the promise in a meeting with Cameroon’s Prime Minister, Dr. Joseph Dion Ngute on 2 September 2020. Mr. Blewett…
Nokia has suffered a big setback as the Finnish company lost out to Samsung Electronics as it pertains to the contract to supply new 5G equipment to Verizon in the United States. Samsung with the $6.64 billion contract win, has reinforced its position as a major contender for the telecom…
South African Fintech startup SMEgo has launched a platform that will make business funding and grants easily accessible to founders and small business owners. According to SMEgo, the platform will “radically simplify and streamline the SMME funding application process for both SMMEs and funders.” A spokesperson for SMEgo, Rowan Spazzoli…
Sparkle, a digital ecosystem providing financial, lifestyle and business support services to Nigerians across the globe, has today announced a new collaboration with Visa. The partnership will enable Sparkle to provide issuance of Visa cards to its users, benefiting consumers, entrepreneurs and SMEs across Nigeria. Under the strategic collaboration with…
Fortune on Wednesday released the names of individuals who made its annual 40 Under 40 List. The list featured old favorites, such as C-suite executives, startup founders, and congress people. It also feature people doing much of the work that has been crucial to 2020: a science communicator, an athlete…
Illumina, Inc. today announced a collaboration with 54gene, a health technology company whose mission is to advance precision medicine capabilities in Africa through research, advanced molecular diagnostics and clinical programs. The partnership will support the establishment of a new genetics facility in Lagos, Nigeria, equipped with a suite of Illumina’s…
The Indian government has banned over 100 apps linked to China as tensions continue to escalate between the two countries. Among the apps affected are several of Tencent’s products which includes hit video game PUBG Mobile and WeChat Work. The Indian government had previously banned 59 of China’s popular apps…
Pakistan has banned Tinder, Grindr and three other dating apps for broadcasting “Immoral content.” The Pakistani government had issued notices to Tinder, Grindr, Tagged, Skout and SayHi to quit the dating services in the country. It is worthy of mention that in Pakistan (the second largest Muslim-majority country in the…
Electric car maker Tesla has launched a $5 billion capital raise. The move follows Tesla’s disclosure of its plans to have two new Gigafactories: a facility based in Berlin, Germany, and one in Austin, Texas to build the upcoming Cybertruck. CNET reported that the company in its filing with the…
Nigerian health tech startup Chekkit has secured a partnership with Afghanistan to pilot its drug anti-counterfeiting solution in the Asian country. Africa and Asia have been plagued with the problem of counterfeit goods for many years. This menace which has tarried for a long time is about to be a…
One of Nigeria’s leading financial technology company Union Systems Limited on Monday announced the launch of its new product, Optimus, the first multibank international trade finance portal in Nigeria. Optimus helps corporates to initiate, process, and manage all international trade transactions across their banks with single login access on both…
The management and board of Access Bank PLC have announced the appointment of Mr Daniel Awe as the new Head of the Africa Fintech Foundry (AFF). According to the financial institution, the appointment of Awe underscores its commitment to advancing technological innovation in the African banking sector. Speaking on the…
The Central bank of Nigeria has granted final approval to Nigeria’s lifestyle and first payment service bank, 9PSB (Payment Service Bank), to commence operations in fostering financial inclusion drive in the Nigerian ecosystem. Speaking on the vision of 9PSB’s entrant into the Nigerian financial sector, Mr. Alan Sinfield, the CEO…
Nigerian Communications Commission (NCC) has concluded arrangements to award research grants to the tune of N9 million to three deserving Nigerian startups with proposals for adaptable digital solutions for containing the impact of COVID-19 pandemic in the country. The selection of the three companies followed a careful and painstaking evaluation…
ColdHubs has emerged the winner of the FCMB Agritech EPIC Pitch 2020. ColdHubs is a Nigerian startup aimed at helping farmers extend the shelf life of their produce by providing “plug-and-play” cold rooms. The cold rooms are 100% solar-powered and can be used by small-time farmers, retailers and wholesalers to…
China has revised the rules guiding its tech exports which now implies that the sale of ByteDance’s TikTok’s U.S operation could be subject to Beijing’s approval, a requirement that would complicate the forced and politically charged divestment. President Donald Trump had ordered ByteDance to divest the short video app TikTok…