Tech

Yahoo is buying back USD3 billion worth of shares
Tech

Yahoo is buying back USD3 billion worth of shares

After its impressive first quarter result, Yahoo Inc., said it will buy back about USD3 billion worth of its shares. The buyback will be via modified “Dutch auction” self-tender offer to purchase for cash up to $3,000,000,000 of shares of its common stock at prices equal to (A) the “Alibaba […]

Rejoinder: Why ALAT will not fail
Tech

Rejoinder: Why ALAT will not fail

This article is a rejoinder on the article titled “Why ALAT and other digital bank apps might fail?” posted on PageOne.ng on the 3rd of May, 2017. As a full disclosure: I am a member of the Team that gave birth to ALAT. The opinions expressed here are mine and not […]

Naspers invests EUR387 million in Delivery Hero
Tech

Naspers invests EUR387 million in Delivery Hero

Naspers, the largest tech startup investor in Africa has invested EUR387 million for a minority stake in Delivery Hero. Delivery Hero is German online food ordering and delivery marketplace with 37.7% (on a fully diluted basis) owned by Rocket Internet. Rocket Internet had sold Foodpanda to Delivery Hero in 2016 […]

Is Taxify a real threat to Uber in Nigeria?
Tech

Is Taxify a real threat to Uber in Nigeria?

Lagos, Nigeria’s commercial capital was the first port of call for Uber when it came in 2014. This is 2017, there is Taxify, another competitor that will change the game for the company in Nigeria. Taxify came into Lagos from Europe, a market the company claimed that it already has […]