Janngo Capital, a Pan-African venture capital firm, has raised €73 million in its second funding round, exceeding its initial €60 million target.
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Emmanuel Daniji
The National Agency for Science and Engineering Infrastructure (NASENI) has announced a groundbreaking partnership with Imose Technologies Ltd to launch a new line of laptops and tablets manufactured entirely in Nigeria. This strategic initiative, unveiled on Monday by NASENI’s Deputy Director of Information, Chima Akwaja, represents a critical move to enhance Nigerians’ access to affordable,…
Pick n Pay Joins the Exodus of Foreign Retailers from Nigeria: Economic Strain and Strategic Refocus
Facing a recent half-year loss of 1.1 billion rand, Pick n Pay has decided to consolidate its resources, redirecting efforts to stabilize and grow its South African segments, where challenges persist but are manageable within the company’s strategic control
Absa, a leading Pan-African financial institution, has secured a $150 million funding facility from British International Investment (BII) plc to help close Africa's substantial trade finance gap. This financing aligns with Absa's strategic mission to promote sustainable economic growth across the continent, with a primary focus on trade finance support that can stimulate the growth…
Artrubic is redefining digital solutions through a blend of intelligent creativity, social consciousness, and technological innovation.
Project Jarvis is Alphabet’s advanced AI initiative aimed at enabling a browser to function as an autonomous agent. This means that the AI could interact with and navigate websites on its own, carrying out various actions based on user preferences or task-specific instructions
In early October, Starlink announced a nearly 100% price increase for its Nigerian subscribers, raising its standard subscription from ₦38,000 ($24) to ₦75,000 ($48) and regional roaming fees to ₦167,000 per month. Starlink attributed this change to Nigeria's high inflation rates, aiming to sustain operations while maintaining quality service for its users. This price adjustment…
South African eCommerce logistics startup Pargo has embarked on a significant growth trajectory by expanding into the Egyptian market after securing $4 million in funding. With this investment led by 3Capital Ventures, Endeavor, SAAD Investment Holdings, and UW Ventures, Pargo aims to establish itself as a dominant player in Egypt’s rapidly growing eCommerce sector. Leveraging…
Reeple’s product suite is designed to combat these challenges head-on. The company utilizes advanced AI technology to analyze various data points, including financial data, mobile usage patterns, and spending behaviors
Despite the impressive growth in mobile internet usage, with an astounding 501.99 percent increase over five years, Nigeria faces a significant challenge in digital connectivity. Approximately 120 million Nigerians remain disconnected from the mobile internet, largely due to poor infrastructure and high costs associated with smartphones and internet access. This situation highlights a paradox in…
