FinTech

Lagos Bitcoin Exchange Bitmama Launches Operations

Lagos base bitcoin exchange Bitmama has launched, providing a platform for traders to convert their fiat currency into crypto. Bitmama has launched allowing users to purchase only Bitcoin, but will be adding Ethereum, Stellar, Eos, Dash and Ripple in the coming months. The platform already has almost 400 users, having gone live in January, and […]

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FinTech

Mobile Money Transfers to Exceed 200 Billion Transactions in 2024, Chinese Market Leading for Now

The volume of domestic money transfers via mobiles will exceed 203 billion in 2024, up from 130 billion in 2019. Domestic P2P payments will drive this growth; accounting for 80% of all domestic transfers in 2024. According to the new research,from Juniper Research, Digital Money Transfer & Remittances: Domestic & International Markets 2019-2024, domestic transfers […]

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Social Media

ATCON, NCC Stakeholders Forum Exposes more OTT Biz Opportunities for Nigeria’s Telecoms Operators

The Telecoms Executive and Regulator Forum (TEFR) organised by the Association of Licensed Telecommunications Companies of Nigeria, ATCON has opened up more business opportunities from OTT platform to telecoms operators in Nigeria. Before now the OTTs have come under attack by the operators over lost of revenue from voice call and text messages as more […]

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StartUps

Nigeria’s WellaHealth,Ghana’s Cowtribe to Benefit from $120,000 Techstars Impact Accelerator Funding

Nigerian e-health company WellaHealth and Ghanaian agri-tech startup Cowtribe have been selected to take part in the Techstars Impact accelerator in Austin, United States (US), gaining access to mentorship and $120,000 in funding. The 10 startups that make up the Techstars Impact 2019 class will work with Techstars mentors to pressure-test their business models, while […]

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StartUps

Microtraction Unveils New Startup Scouting Initiative

Nigerian early-stage VC firm Microtraction has launched its Scout Initiative, which it said will help it discover more deals and identify high-trajectory individuals building the next big thing on the continent. Founded in 2017, Microtraction invests up to US$65,000 in startups at the very earliest stage of their development. The company has backed nine Nigerian […]

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Computing

Nigerian Develops Web-Base Assessment Tool to Predict Cardiac Arrest

Nigerian e-health startup WellNewMe has developed a web-based health risk assessment tool specifically designed to act as an early warning system for non-communicable diseases such as cardiac disease, cancer and diabetes. Launched last year, WellNewMe is focused on illnesses affected by lifestyle choices, and has built a tool that can detect and stratify individual health […]

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Business

Ecobank Academy Commence Training for 332 Undergraduate Ahead of Job Offer

The Ecobank Academy has admitted 332 Graduates for intensive Training in preparation for full employment into Ecobank Nigeria. The programme combines the three categories of Entry Level, Graduate and Management Trainees with a program duration of 2months, 12months and 21months respectively. A statement from the Bank said that Ecobank’s Development Programmes are part of the […]

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Technology

Digital ID Platforms Use to Increase in 2024, as Emerging Economies go Mobile-First

The number of people using government-issued digital identity credentials will grow by over 150% from an expected 1.7 billion in 2019 to over 5 billion in 2024. A new report from Juniper Research found out that emerging economies in Asia and Africa are some of the biggest markets, as countries leapfrog analogue identities to benefit […]

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Technology

Huawei Plans $793m lnvestment in Poland Depending on 5G Role

Huawei aims to spend 3 billion zlotys ($793 million) in Poland in the next five years, although whether the Chinese firm has a role in the 5G rollout may affect the scale of investment, an official at the group’s Polish unit said. The United States has raised concerns about the security of Huawei technology and […]

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Technology

On-demand Delivery Service kwik Kicks-Off Biz Lagos

On-demand, last-mile, crowdsourced delivery service kwik has launched in Lagos, Nigeria, after raising seed funding in March, with the goal of expanding to other large metropolitan areas across Sub-Saharan Africa. kwik, which will initially focus on deliveries via motorbike, was formed in July 2018 by two Frenchmen and two Nigerians, and has just launched its […]

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