Nigerian fintech startup E-Settlement is processing $2.5 million in transactions daily across its various platforms as it seeks to extend banking services to all. Founded by Olaoluwa Awojoodu in 2017, E-Settlement provides financial services to different target markets through its platforms, placing itself at the forefront of innovative, easy-to-use, affordable, secure and inclusive payment solutions […]
Read MoreRussian hackers piggy-backed on an Iranian cyber-espionage operation to attack government and industry organizations in dozens of countries while masquerading as attackers from the Islamic Republic, British and U.S. officials said on Monday. The Russian group, known as “Turla” and accused by Estonian and Czech authorities of operating on behalf of Russia’s FSB security service, […]
Read MoreFacebook CEO Mark Zuckerberg would be in jail now under the terms of a proposed new privacy law which would hold company execs personally responsible for their company’s failings. Under the proposed Mind Your Business Act, senior company executives could go to prison for anything up to 20 years… CNET reports that the bill has […]
Read MoreNigerians Embrace the Mandatory Use of NIN The National Identity Management Commission (NIMC) commends Government Ministries, Departments and Agencies (MDAs) and the General Public for embracing the mandatory use of the National Identification Number (NIN) for identification, which has led to the rapid growth of the National Identity Database (NIDB). The Director General/CEO NIMC, Engr. […]
Read MoreIn a bid to provide small business owners in the automotive retail industry with the requisite tools to scale, Nigeria’s largest digital automotive trading platform, Cars45; tech heavyweight, Google, Nigeria’s largest local search engine, VConnect, and Nigeria’s first customer experience management platform, Omnibiz have organized a retail masterclass. The two-day Automotive Retail Masterclass which held […]
Read MoreThe total transaction value of the MFS (Mobile Financial Services) market will exceed $1 trillion by 2024; rising from $580 billion in 2019. This is a growth of 70%. The research identified a range of untapped opportunities in Latin America for services such as microfinance, microloans and money transfer, as a key driver of MFS […]
Read MoreFrom over 10,000 applicants, 10 finalist has been picked to battle for the $1 million grant prize of the Africa Netpreneur Prize Initiative (ANPI). Among them are four Nigerian netpreneurs namely: Ayodeji Arikawe, co-founder, Thrive Agric,Temie Giwa-Tubosun, founder and CEO, LifeBank, Dr. Tosan J. Mogbeyiteren, founder, Black Swan and Chibuzo Opara,co-founder,DrugStoc. The finalists were chosen […]
Read MoreConsumer spending on technology is forecast to reach $1.69 trillion in 2019, an increase of 5.3% over 2018. The consumer purchases of traditional and emerging technologies will remain strong over the 2019-2023 forecast period, reaching $2.06 trillion in 2023 with a five-year compound annual growth rate (CAGR) of 5.1%. According to the latest Worldwide Semiannual […]
Read MoreThe African Development Bank Group (AfDB) has approved an African Development Fund (ADF) grant of $30 million and a $1.3 million grant from the Rural Water Supply and Sanitation Initiative Trust Fund for the upgrading of water and sanitation facilities in Sudan’s North and South Kordofan states. The project will improve livelihoods and build resilience […]
Read MoreVillgro Kenya is inviting East African startups that have designed innovative, tech-enabled medical devices to apply for funding and business incubation support. The India-based Villgro Innovations Foundation launched an incubator for early-stage businesses in the healthcare and life sciences sector in Nairobi in 2017. In India, Villgro works with early-stage for-profit social enterprises that have […]
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