Featured Posts

Kaspersky Lab: Ebola hook in “Nigerian” spam

In September spammers produced topical new versions of the old “Nigerian Letter” scam, this time based on the Ebola virus. According to company’s experts several mass mailings exploited this theme. A large part of the major theme mailings promoted products ...

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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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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 […]

heirsholdings_0

Fellow Esteemed Shareholders,   I am delighted to inform you that the initial public offer (“IPO” or “the Offer”) of 800,000,000 ordinary shares of Transcorp Hotels Plc (“Transcorp Hotels”) opened today and the shares are now available to the investing public for subscription.  Transcorp Hotels, the owner of the Transcorp Hilton in Abuja; Transcorp Hotels Calabar; and the developer of the Transcorp Hilton, Lagos and Port Harcourt, is positioning itself as the leading hospitality brand […]

power

The Nigerian Electricity Regulatory Commission (NERC) has set fresh terms and conditions to be adhered to by operators in Nigeria’s electricity market that are eligible to benefit from the lately announced N213 billion loans from the Central Bank of Nigeria (CBN). NERC said for any of the operators to benefit from the loans, such operator must be willing to meet  with its demands as stipulated in the funds disbursement conditions.   It explained yesterday in […]

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Ampion has extended its application deadline for the Western African Venture Bus – with the aim of encouraging more mobile developers and designers to take advantage of the opportunity presented them by applying to be part of the action. The Ampion Venture Bus, which will tour some West African countries including Ghana, Nigeria, Benin and Ivory Coast, is expected to groom potential tech developers and designers into top notch tech entrepreneurs through series of mentorship programs. […]

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