Last week, Ampersand, Africa’s first electric motorcycle company, secured a $3.5 million investment from the Ecosystem Integrity Fund (EIF). This is the largest ever e-mobility investment by a venture capital fund in Sub-Saharan Africa and could hint at a turning point in African electric transport. Based in Kigali, Rwanda, Ampersand assembles and finances electric motorcycles […]
On Saturday, the personal data of over 533 million Facebook users were published in an online forum used by cybercriminals. “The exposed data includes personal information of over 533 million Facebook users from 106 countries. Including over 32 million records on users in the US, 11 million on users in the UK, and 6 million […]
Last month Gokada announced Nikhil Goel as its new CEO. He’s been responsible for leading the Nigeria-based last-mile delivery, logistics and transportation start-up since Gokada tragically lost its founder, Fahim Saleh, in July 2020. According to Gokada, Goel has helped the company increase its revenue by 10X and grow its delivery order volume by 100X, […]
In 2015, Femi Taiwo wasn’t planning to start a new company until he was duped by a company he outsourced a project to. Already behind schedule, he found a company online that claimed it could execute the project. In the end, they couldn’t deliver and wouldn’t refund his money. He eventually lost over ₦300,000 (at […]
The Federal Government of Nigeria has extended the deadline for Nigerians to link their National Identification Numbers (NINs) to their SIM cards by one month to May 6th. The move by the Nigerian Federal Government for citizens to procure the NIN and link them with their SIM cards was first announced in mid-December 2020. A […]
Yesterday, the telecommunications company, MTN Nigeria announced ten alternative channels for its customers to buy airtime for their mobile devices after commercial banks disallowed MTN subscribers to use their channels. All banks in Nigeria, except Zenith Bank, have taken MTN off their platform. Customers can now recharge airtime through fintech solutions platforms such as Flutterwave, […]