Interswitch, Nigeria’s leader in payment and transaction process has announced its acquisition of Vanso, traded as Vanso Limited, for NGN 15 billion Interswitch is currently Nigeria’s first and only Unicorn valued at $1 billion. Before its acquisition by Interswitch, Vanso was a fin-tech solutions provider with focus on mobile payments, […]
Abdulrazak Namdas, a memeber of Nigeria’s House of Representatives, has called on the country’s telecom regulator to double the USD 5.2 billion it fined MTN Group. Namdas disclosed this in a phone interview with Bloomberg saying “The Africa’s telecom giant must pay NGN 400 000 (UDS 2 015) for each […]
While celebrating its 3 years anniversary, Jumia Kenya has just announced that it is moving away from the eCommerce model to a marketplace. A statement released by Parinaz Firozi, Jumia’s CEO in Kenya, explained the move as an attempt for the company to pursue a better business model. “Having achieved […]
Foxconn, the company that manage and operates all Apple, Samsung, HP production lines, has acquired Sharp for $3.5 billion. Touted by TechCrunch as the the largest overseas acquisition of a Japanese company, Foxconn has finally sealed the deal. Sharp had previously rejected the bid from Netwok Corp, a Japanese company […]
Three weeks ago, the American cinema (perhaps the global theater) community woke up to a rude shock. Their daily butter and bread came under attack from a would-be disruption. Sean Park, another overtly ambitious tech entreprenuer, who founded Napster and worked at length with Mark Zukerberg on Facebook is on the prowl […]
Just as expected, the US Justice Department has gained access into the disputed iPhone of the San Bernadino terror suspect and has forthwith decided to forgo its lawsuit with Apple. According to an evasive source within the Justice Department, the phone was unlocked using an ‘alternative method’ that did not […]
For over 15 years, Nigeria telecom sector was unarguably the bastion of innovation (product wise) and as far as marketing communication was concerned in general. From their inundating commercials to their brand engagement events and their often confusing products and value-added services, the telecoms category contributed positively to every aspect of […]
*Rebrands K-Express to KOS ‘Keep on Shipping’ To ramp up its operations against competition, Konga, a leading eCommerce company in Nigeria, has decided to fulfill all orders from Lagos, South West Nigeria, on the same day. To make this possible, Konga has done two things. It has rebranded its delivery […]
Innovative-technology drives the world, it is what makes the world of ICT go round. Technology also makes PageOne possible. But things can go awry, when technology is given the driver seat without a control on the breaks when it over speeds. Such was the experience of Microsoft with the controversy […]
For an undisclosed amount, Ringier and Silvertree are reported to have acquired DealDey, an online shopping and daily deals site. According to people with the knowledge of the matter, they will be using the opportunity to enter the eCommerce market. In 2011, DealDey was launched in Nigeria and perhaps mimicking the […]