StartUps

Three Nigeria Tech Start-ups Secure Ventures Platform Funding

Nigerian startups Tambua Health, Brass and FunnelJoy have secured investment from early-stage fund Ventures Platform to help them scale their solutions. Ventures Platform invests in early-stage startups that are building capital-efficient platforms that democratise prosperity, plug infrastructural gaps, connect underrepresented communities, create efficiencies, solve for non-consumption, and improve livelihoods. Portfolio companies include Trove, Thank U […]

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Business

Ecobank Xpress Points Agents Design to Build Entrepreneurs, Support Financial Inclusion

Ecobank Nigeria has reiterated that its agency banking scheme, also known as Xpress Points, is building entrepreneurs and pushing financial inclusion to the large unbanked and under-banked population in Nigeria. The Ecobank Xpress Point enables eligible Agents to carry out financial transactions on behalf of Ecobank and earn commission on every transaction processed. The consumer […]

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Social Media

Facebook Develops Tools to Protect Elections from Interference, Prevent Harmful Content

Facebook has develop tools to help protect elections from interference, prevent misinformation from spreading on its apps and keep people safe from harmful content. Facebook in its May 2020 Community Standards Enforcement Report presented by Guy Rosen, Vice President, Integrity said, “when the COVID-19 crisis emerged, we had the tools and processes in place to […]

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Business

SMS Business Messaging to Hit 3.5 Trillion Messages in 2020 as Tourism Industry Collapse

SMS business messaging traffic will reach 3.5 trillion messages in 2020; rising from 3.2 trillion in 2019. This represents a growth of 7%, despite the economic impacts of COVID-19. SMS business messaging enables brands and enterprises to leverage SMS for use cases including notifications and authentication messages. Despite the collapse of the tourism and aviation […]

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TechEntertainment

Cash Crush Compels Two Million USA Household to Suspend Cable TV Subscription

Approximately 1.8 million American households canceled subscriptions during the first quarter of 2020, Variety reports. As Americans disconnect, TV providers are feeling the pain. With the COVID-19 pandemic sweeping through the country during the winter months, cable and satellite-TV companies experienced a steady thaw of paying customers. More alarming for cable companies is that the […]

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Media OutReach

Gidanka Introduce Automated Check-in and Check-out Service Homes

Nigerian startup Gidanka has introduced serviced homes of varying orientation in carefully selected neighborhoods to travellers via an entirely automated check-in and check-out process and a tech-enabled management platform. Launched last July, Gidanka works with local developers and realtors to design and take out long leases on spaces in neighbourhoods determined to be travellers and […]

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Technology

No Plan to Switch On 5G Network in Lagos, Says NCC

The Nigerian Communications Commission (NCC) has again denied claims of mischievous statement making the rounds on social media that the Nigerian Telecoms industry is going to switch on 5G in Lagos this Sunday 10th, Monday 11th or Tuesday 12th May 2020. The NCC in statement issued by the Director, Public Affairs, Dr.Henry Nkemadu said that […]

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StartUps

East Africa Fruits Closes Series A $3.1m Funding

East Africa Fruits has closed Series A equity fundraising round led by Goodwell Investments with participation from FINCA Ventures and elea. The company in a statement said this investor capital will accelerate East Africa Fruits ability to build essential supply chain infrastructure and better transport fresh produce directly from farms to urban marketplaces and strengthen […]

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Business

COVID-19: Ecobank and Google Collaborate to Keep Children Learning

Ecobank Group, the pan-African Bank, is leveraging its distribution and partner networks to raise awareness of literacy apps in the Google Play Store to support the education of children who are at home due to the COVID-19 pandemic. As COVID-19 continues to affect everyone’s lives, Ecobank is committed to protecting the health, safety and wellbeing […]

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Software

Andela Sacks 135 Staff in Four Location over COVID-19 Crisis Impact

Andela, the software outsourcing hub hailed as one of the most successful products to emerge from the Nigerian tech ecosystem has briefed staff that 135 of its members will be laid off across four locations. The cut will affect 10% of its overall staff strength. According to Tech Cabal, the news was relayed via a […]

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