Featured Posts

7 African Startups That Received Microsoft 4Afrika Funding

Microsoft Corp. today announced seven new African startups to receive funding, technical support and mentorship to fast-track their growth and provide a roadmap to  highlight Africa’s ‘future  growth pole’. The announcement was made at the Microsoft 4Afrika Advisory Council meeting in Nairobi ...

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50% Of The World Will Be Online By 2017

Over 50% of the global population will have Internet access within three years’ time, with mobile broadband over smartphones and tablets now the fastest growing technology in human history, according to the 2014 edition of the State of Broadband report.   Released today in ...

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Orange Launches Start-up Accelerator Programme in Ivory Coast

With “Orange Fab Ivory Coast”, Orange’s network of start-up accelerators is now present on four continents.  The programme, which is a pillar of the Group's open innovation approach, reflects the determination of Orange to support the new digital players and help ...

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Convertible Notes 101: An Introduction

Convertible Notes 101: An Introduction [i] Author: Brian Laung Aoaeh   We started discussing term sheets sometime ago. If you missed those discussions you should consider reading the previous posts titled “The Anatomy of A Term Sheet” before you read this one.   Today we ...

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Starting Business in Nigeria: Challenges and Way Out

Top Reasons Why It Is Difficult to Start a Business in Nigeria andthe Way Out Starting up a business in Nigeria can be very tough if the accurate strides and knowledge about the business is picked up before starting or investing ...

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cyber300

The security landscape is a complex one, and several layers of defence at multiple points in the organisation are needed to successfully combat today’s sophisticated threats. Unfortunately, for too many businesses, the idea of a ‘quick fix’ is tempting, and they learn the hard way that there is no such thing.   Many businesses are too quick to jump on the band wagon, and rush out to buy a firewall, IDS, application firewall or other […]

Android-Tablet-Repair-Services-Nationwide-2

Android developers based in Nigeria can now get paid when users from around the world download their applications on Google Play with the recent launch of Google Play payments in Nigeria. Google Play, formerly known as the Android Market, is a digital distribution platform operated by Google which serves as the official app store for the Android operating system. The app store allows users to browse and download applications developed with the Android SDK and […]

NCC-logo

The Nigerian Communications Commission (NCC) has slammed indigenous operators in the industry over ‘incompetence and culture of impunity’. Responding to the clamour for local content in the ICT sector during this year’s edition of the Association of telecommunications Companies of Nigeria (ATCON) Telecoms Executives and Regulator Forum at Eko Hotel & Suites, Victoria Island, Lagos, the Executive Vice Chairman/CEO of the NCC, Dr Eugene Juwah, lamented that the Commission had in the past awarded contracts […]

ENERGY

Increasing access to modern forms of energy is crucial to unlocking faster economic and social development in sub Saharan Africa, according to the International Energy Agency’s (IEA) Africa Energy Outlook (http://www.worldenergyoutlook.org/africa), a Special Report in the 2014 World Energy Outlook series. More than 620 million people in the region (two-thirds of the population) live without electricity, and nearly 730 million people rely on dangerous, inefficient forms of cooking. The use of solid biomass (mainly fuelwood […]

IghoCharlesSanomi

Royal Dutch Shell has agreed to sell a lucrative Nigerian oil block (Oil Mining License  29) for more than $2.5 billion to a consortium led by oil trading firm, Taleveras Group. Taleveras Group is owned by 39 year old  Nigerian entrepreneur, Igho Sanomi. OML 29 is the largest of the southern Niger Delta assets that Shell put up for auction last year. According to the African Oil & Gas Report, “OML 29 is amongst the company’s most […]

walletec

Payments provider, Walletec has integrated with Bitcoin payments processor, BitPay to integrate bitcoin with its point of sale payment platform.   According to the company, by allowing customers pay at the point of sale using bitcoin, merchants will be able to increase their sales and save significantly on their credit card costs.   “Wallettec’s mission is to become a single interface point between the PoS or payment solution and any mobile/e-wallet solution,” founder of Wallettec, Johan Meyer, […]

africa

The six fastest growing economies in the top 10 include Chad (9.6% growth), the Democratic Republic of Congo (8.6% growth), Côte d’Ivoire (8.5% growth), Mozambique (8.3% growth), Ethiopia (8.2% growth) and Sierra Leone (8% growth).   Apart from the top 10 list, African countries dominate the top 20 list of fastest growing economies in the world including Tanzania (7.2% growth), Nigeria (7% growth), Burkina Faso (6.7% growth) and Mauritania (6.8% growth).   According to the […]

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