Pan-African digital payments company MFS Africa is acquiring U.S.-based Global Technology Partners (GTP) in a cash-and-shares deal worth $34 million, FT reported today.
There are very few deals of such manner; that is, an African tech company buying up a U.S.-based one. While it can be seen as bragging rights for some, MFS Africa made the deal out of a necessity for its next growth phase.
MFS…
Union Bank of Nigeria Plc has notified the Nigerian Exchange Limited (NGX), Securities and Exchange Commission (SEC) and other stakeholders of changes in its board and the completion of the sale and transfer of 93.41 per cent of its issued share capital to Titan Trust Bank…
As part of its long-term strategic growth plan, Nigeria’s retail Point-of-Sale solution provider, ZirooPay, will leverage its recent funding round to tap into the growing opportunities in Africa’s retail sector.
Armed with a technology that enables small businesses to…
LandWey Pioneers Social Impact Initiative & Set to Plant 5000 Trees in 12 Months
June 3, 2022
LandWey, one of Nigeria’s largest residential developers, intends to plant and conserve 5000 trees by June 2023 in its efforts to fight deforestation and climate change. The effort comes as part of the Build for a Change initiative, a 2-in-1 social impact drive committed to environmental and social change.
In a communique issued by the firm’s Managing Director, Adeshola Bello, she said…
Blockchain-based company, Vault Hill, has launched its NFT marketplace with the public sale of land in its human-centric metaverse, Vault Hill City (VHC). The ongoing sale is being held auction style using its native token, $VHC.
As part of the land sale, a free HTC…
Adaverse Backs Cassava Network With A Seed Investment To Empower African Content Creators
June 2, 2022
Adaverse, a Cardano ecosystem accelerator established to foster the growth of crypto-native projects in Africa, today announced its investment into a seed funding round for Cassava Network, a blockchain infrastructure that empowers African content creators, developers, and…
On Saturday 28th of May, global communications company Infobip, received the Business Efficiency Solutions Provider of the Year award, at the 13th annual Beacon of ICT Awards held in Lagos.
The Beacon of ICT Awards celebrates the top performers in Nigeria’s ICT sector, giving recognition to best practices and outstanding contributions to the industry. The annual event is organised by…
DriveMe, Nigeria’s leading mobility technology company, announced the closing of a pre-seed funding round with participation from Niche Capital, FM Capital, and a few local angel investors. This funding will aid in their local expansion and product development.
DriveMe is…
The use of technology or the internet to connect patients to doctors goes as far back as 1994 (PDF) in the MENA region, when Egypt is considered that date is 2002. But wars, doctor and patient resistance, poor infrastructure, lack of funding, poor system quality, and…
Without mincing words, the current curriculum hinders the development of these youths. Or how else does one explain the case of 19 year-old Emmanuel Njoku who rebelled against university education because the curriculum was too elementary for him. He subsequently had to drop out of the Enugu State University of Technology. Like any Nigerian parent, Emmanuel’s father tried everything possible to…