Tech

Toshiba is suing Western Digital for USD1.07 billion
Tech

Toshiba is suing Western Digital for USD1.07 billion

Japan’s struggling electronics maker, Toshiba has announced it is suing Western Digital for JPY120 billion. Western Digital is a joint venture partner to Toshiba and things are about to get messier between the two corporations who are now at loggerheads. Toshiba said it is claiming 120 billion yen (USD1.07 billion) […]

Facebook hits 2 billion monthly users
Tech

Facebook hits 2 billion monthly users

Facebook Inc, the world’s largest social network said it has reached 2 billion monthly users which is about one-quarter of the world’s population. The data also means that in the last one year, about 600,000 new accounts are opened on Facebook every day. To put into context, the feat must […]

Naspers invests USD71 million in India’s Flipkart
Tech

Naspers invests USD71 million in India’s Flipkart

Naspers has invested 71 million equity funding in Flipkart. For the investment, Naspers will be getting approximately 16.5% of Flipkart. According to a report by Avashya, an Indian website on startup, the USD71 million investment from Naspers will help Flipkart in blazing its guns against its biggest competitor in the […]

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 […]