Less than two weeks we reported that Alibaba has finalised its takeover of SCMP, there is another acquisition by Jack Ma. It is called Ele.me. Alibaba [NYSE: BABA] has completed its negotiations to buy Ele.me, a top performing food delivery company in China for USD 1.2 billion. The company will operate as […]
The Nigerian tech ecosystem is getting deepened by the hour. New innovations are entering the scene. While most of them might not be too new outside of this market, it is instructive to note that many startup ideas are novel in our market given the status quo. One of the […]
Nigeria’s fintech startup, Social Lender has just been shortlisted among the top 10 startups for the first first ever class of the Barclays Accelerator, in South Africa. Social Lender is a lending platform, licensed to financial institutions, that determines credit worthiness based on social reputation on social media platforms. The startup […]
HowFar Mobile messaging app launched over a year ago. The app came at a time major tech giants such as Google, Facebook, Imo and Skype were ramping up and placing huge bets on mobile messaging. The app was Nigeria’s first messaging app that looked very competitive in UI design, features […]
Mark Essien, the founder and CEO of Hotels.ng, a leading hotel booking site in Nigeria, might have found a ‘needle in an haystack. He just announced that his company has moved its payment needs to @paystack, a payment startup with offices in Lagos and the United States. On his Twitter […]
As you are reading this report, Apple, the world’s second most valuable company after Google is unveiling new range of devices at its Cupertino conference. Rumoured to be the last Apple conference in the Townhall Theatre, Apple will be unveiling its new iPhone to be called iPhone SE. People with […]
Konga.com, one of Nigeria’s leading eCommerce companies has confirmed the appointment of Shola Adekoya as its new CEO. Shola will be saddled with the responsibility of making Konga compete favourably with Jumia.com, its arch-rival in the Nigerian eCommerce sector estimated to be less than 1% of the national retail sales. […]
Apple is rumoured to be planning the launch of another iPad. This time around, it will be different. According to people with the knowledge of the matter, there is a high probability that the new iPad will be smaller, nimble but faster. The not-too-positive sales outlook of the gigantic iPad […]
Less than a year after it raised UISD10 million in Series A equity funding, Konga.com, an eCommerce sit that promotes itself as the largest online mall in Nigeria has just received Series B funding from Kinnevik and Naspers. It would be recalled that in February, Kinnevik and Naspers invested in […]
Konga.com, an emerging eCommerce company competing head on with Jumia.com has just raised series A funding of about USD10 million investment from Swedish Kinnevik AB and South Africa’s Naspers. Konga will be using the funds to further its growth and develop new products for the site. Konga was founded by […]