Technology & Business

Sanofi, a global biopharmaceutical company dedicated to improving the lives of people worldwide, is calling on technology entrepreneurs and startups in Nigeria to participate in its 2020 AfricaTech Challenge. AfricaTech is a lab dedicated by Sanofi at VivaTech ...

Samsung is unveiling three new smartphones at today’s Unpacked event, the Galaxy S20, S20+ and S20 Ultra, which will be launched from 13 March 2020. While the company may be skipping the teens by jumping from the S10 to the ...

The tenuous relationship between the United States and the Chinese telecommunication giant, Huawei is about to take a new turn. The country has been told to buy controlling stakes in European companies, Nokia and Ericsson to compete with Huawei. ...

Apple Inc.’s China-centric manufacturing base is at risk of disruption after the Lunar New Year holiday as the company’s partners confront the coronavirus outbreak that has gripped the country and caused more than 100 deaths. Virtually all of ...

WhatsApp is about to stop working on millions of unfortunate people’s phones. The Facebook-owned app stopped supporting a number of devices on December 31. And on February 1, it will render lots more handsets out of date. On ...

Flutterwave, a Nigerian-based payments technology company with operations in Africa, yesterday announced that it has closed a $35 million Series B from a consortium of strategic investors. The round was co-led by Greycroft & eVentures with additional participation ...

The Co-Chief Executive Officer of an e-commerce company, Konga, Prince Nnamdi Ekeh has disclosed how the company made it to the top as a clear leader in the competitive e-commerce market. While speaking during the CNN Marketplace Africa on the sidelines ...

Again, two financial technology companies in Africa, MFS Africa, and Frontclear, have secured $3.2 million worth of investments from FSD Africa Investments. This latest round of funds means FSD Africa Investments has invested $12.9 million in the duo fintechs. In 2018, ...

Visa is purchasing the financial technology company Plaid for $5.3 billion, a major push by the payment processing giant into other types of money transfer systems outside of Visa’s traditional credit and debit card business. Plaid allows consumers ...

  The founder and Chief Executive Officer of Paga, Tayo Oviosu, has disclosed that the mobile payment company recorded over $2 billion worth of transactions in 2019 across all markets as it served the unbanked communities in rural areas ...

Former Uber CEO Travis Kalanick will resign from the newly public company’s board next week, effectively severing ties with the ride-hailing company he co-founded a decade ago. Uber, once considered the world’s most valuable startup, turbocharged the gig ...

ZKTeco, one of the world leaders in biometrics technology, identity management, and security applications, has said it plans to establish its business in Nigeria that will serve as the hub for the sub-Saharan market. The Chinese company, with ...

The Board and Management of Interlinked Technologies Plc has announced the appointment of Ajibola Edwards as the new Non-Executive Director of the company. This follows High Chief Jerry Eze Okwuonu’s resignation from the company’s board. This was disclosed in a ...

The latest African cybersecurity study by Demadiur Systems Limited has revealed that banks, insurance companies, and government institutions in Nigeria spent an estimated sum of $270.22 million in 2018 to prevent cyberattacks.  How the funds were deployed: Some of ...

Facebook on Friday alerted employees that hard drives rich with information about those on the social network’s payroll was stolen from a car last month. “We have seen no evidence of abuse and believe this was a smash ...

The Financial Services Innovators (FSI) – a community of fintech enthusiasts passionate about driving innovation in the financial services industry recently launched the Nigerian Industry Innovation Sandbox at the sidelines of EFInA’s Financial Inclusion Conference in Lagos. This ...

Google co-founders Larry Page and Sergey Brin are stepping down from their roles at the helm of parent firm Alphabet and handing the reins to current Google CEO Sundar Pichai, the company said Tuesday. Pichai will take over ...

Financial Technology (Fintechs) companies in Nigeria have so far attracted over $400 million investment in 2019 reflecting increased confidence in the burgeoning segment of the financial system. Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele disclosed this ...

PayPal announced today it has agreed to acquire Honey  Science Corporation, the makers of a deal-finding browser add-on and mobile application, for $4 billion, mostly cash. The acquisition, which is PayPal’s largest to date, will give the payments giant ...

Nigerian, Mr Kenneth Obiajulu-Okonkwo, and five other Africans have been selected among 10 startups by the Dubai Chamber of Commerce and Industry. Obiajulu-Okonkwo, who is the co-Founder and Managing Director of FarmCrowdy Nigeria, prior to their selection, participated ...