Tech

Altaba buys back its shares at USD53.20
Tech

Altaba buys back its shares at USD53.20

Altaba, formerly known as Yahoo Inc., has announced the result of its share buyback programme of USD3 billion. The share buyback was done via a “Dutch auction” self-tender offer to purchase up to $3.0 billion of shares of its common stock, which expired at 11:59 p.m., New York City time, […]

Eutelsat launches Konnect Africa broadband
Tech

Eutelsat launches Konnect Africa broadband

The Konnect Africa broadband venture set up by Eutelsat Communications has officially launched new-generation services in nine African countries which includes Nigeria, Cameroon, Kenya, Lesotho, Benin, South Africa, Swaziland, Tanzania and Uganda. Konnect Africa’s innovative service offerings and products, including packaged offers inspired by ‘pay as you go’ models and […]

Nestle to back food innovation startup, Terra Accelerator
Tech

Nestle to back food innovation startup, Terra Accelerator

Swiss foods major, Nestle in partnership with Rabobank and RocketSpace will support startups for the Terra Accelerator program, an agTech and food accelerator. Nestlé said it will collaborate with Terra and other corporate collaborators to select and coach the most innovative and disruptive startups in the food and agricultural industry. […]

Mswipe raises USD31 million from UCRNT Fund
Tech

Mswipe raises USD31 million from UCRNT Fund

Mswipe, a provider of mobile point of sale solutions that enables merchants to accept credit and debit card payments has raised USD31 million in a new round. The round was led by UCRNT Fund a joint investment vehicle sponsored by Tata Sons Chairman Emeritus Ratan Tata and the University of […]

Why Uber CEO Travis Kalanick resigned
Tech

Why Uber CEO Travis Kalanick resigned

Chief Executive of Uber, Travis Kalanick has resigned following pressure from shareholders and investors that he should step aside from the ride-sharing company he helped found in 2009. Despite his resignation, Mr Kalanick will remain on the board of the firm. “I love Uber more than anything in the world […]

BBM, Nairabox integrate to sell more movie tickets
Tech

BBM, Nairabox integrate to sell more movie tickets

Nairabox, a mobile wallet that lets users buy movie tickets and pay bills has teamed up with Blackberry Messenger, BBBM to sell more movie tickets. Nairabox said in an email statement that the service allows Nigerians to browse current movies playing in theatres, check showtimes, view movie trailers and purchase […]

Delivery Hero prices IPO at EUR22 per share
Tech

Delivery Hero prices IPO at EUR22 per share

Rocket Internet’s Delivery Hero said it has set the price range for its planned initial public offering at EUR 22.00 to EUR25.50 per share. It would be recalled that Delivery had earlier announced this month that it will go on an IPO. The pricing The Offering is subject to the […]

MainOne launches Open-Connect service internet hub
Tech

MainOne launches Open-Connect service internet hub

MainOne has announced a new interconnect service for carriers, enterprises and ISPs called Open-Connect in Lagos. The service, Open-Connect is to facilitates improved interconnection, collaboration and peering within the MDXi Lekki data center and the Internet Exchange. The product is set to enable the creation of an environment that allows […]

Airbnb acquires scam fighting platform, Trooly
Tech

Airbnb acquires scam fighting platform, Trooly

To wade off fraudulent renters and listings on its platform, Airbnb said it will acquire Trooly Inc., a scam-fighting technology. On the elementary level, Trooly works by analysing data from public sources, such as social media to background checks to fight off scammers. Airbnb disclosed that it has been using […]