Nigeria’s ecommerce scene is ever-growing, projected to reach $22 billion by 2024. but this digital revolution isn’t confined to bustling metropolises; it’s quietly transforming the lives of millions of consumers in secondary cities and rural areas. At the forefront of this rural ecommerce push is Jumia, Africa’s leading online marketplace. by strategically expanding beyond the […]
“Nonye Ayeni, Executive Director of the Nigerian Export Promotion Council (NEPC), Reveals 273 Product Exports in 2023” Nonye Ayeni, the executive director of the Nigerian Export Promotion Council (NEPC), has revealed that 273 different products were exported in the year 2023. The products which include: Urea, Cocoa Beans, Sesame Seed, Soya beans/meal, cashew nuts/kernels, aluminium […]
The launch of the Innovest Ignite Lagos accelerator program is a significant development in the effort to foster innovation and support early-stage startups in Nigeria. The partnership between Innovest Afrika and Techpoint Africa indicates a collaborative approach to providing essential resources for Nigerian startup founders. Key highlights of the program include: Empowerment through Mentorship: The accelerator […]
At the second Google for Africa event held in 2022, Google unveiled plans to establish its inaugural cloud region in South Africa. Cloud regions denote specific geographical zones where cloud providers operate data centers, facilitating users, particularly businesses, in accessing a variety of cloud services like storage, compute engines, and key management systems. Google expressed […]
Orginal Reporter: Victoria Fakiya Eutelsat Group and South African satellite enterprise Q-KON have marked a significant milestone by deploying the first operational Eutelsat OneWeb Low Earth Orbit (LEO) satellite service in Africa. The installation took place at an undisclosed branch of a digital bank in South Africa, where three digital-only banks—TymeBank, Discovery Bank, and Bank Zero—operate. […]
Original Reporter: Victoria Fakiya Bolt has recently expanded its services into Harare, Zimbabwe, making a bold move with a six-month driver commission waiver. This not only marks the ride-hailing company’s entry into a new market but also disrupts the competitive landscape in Zimbabwe, putting it in direct rivalry with international players such as inDrive and Rida, […]
Duke Ekezie, co-founder, and President of Kippa, a fintech startup backed by Target Global, has parted ways with the company following the closure of Kippa Pay, the agency banking product he oversaw. Notably absent from the company’s Slack channel for months, Duke initially refrained from confirming or denying his departure when approached by TechCabal in […]
Miden, a Nigerian startup enabling businesses to issue virtual cards to customers through its API, secures a spot in Y Combinator’s winter 2024 batch. Following Cleva, a cross-border payment service, Miden becomes the latest Nigerian startup to join this year’s winter cohort. Launched in 2022, Miden addresses operational challenges faced by businesses dealing with traditional […]
While Nigeria’s stock market continues to gain global recognition, its regulator, the SEC, operates without oversight. In January, NGX, Nigeria’s stock market, claimed the title of the world’s best-performing stock market. However, amid this impressive performance, a crucial element is missing: the board of the Securities and Exchange Commission (SEC). Despite being responsible for overseeing […]
Apple Books Digital Narration marks a recent innovation by Apple, enabling authors to effortlessly transform their existing ebooks into audiobooks using advanced text-to-speech technology. The voices employed in this feature are crafted to sound natural and are based on human narrators. This development significantly lowers the cost and enhances the accessibility of audiobook creation. Authors […]
