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Fixing Africa’s Clusters of Inventions

More than five hundred years ago, the gross world product was flat as global economic growth was stagnant. In other words, generations of people that lived apart did not experience major changes in living standards. Though there were empires and ...

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Five Pillars for Building Africa’s Hi-Tech Sector

The fifth annual Global Entrepreneurship Summit (GES) will take place on November 19 – 21, 2014 in Marrakech, Morocco, the first time in an African nation.  The Summit, hosted by the Kingdom of Morocco under the High Patronage of his ...

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Fifth Annual Global Entrepreneurship Summit Will Take Place In Morocco

The fifth annual Global Entrepreneurship Summit (#GES2014) (http://www.gesmarrakech2014.org) will take place on November 19 – 21, 2014 in Marrakech, Morocco, the first time in an African nation.  The Summit, the largest gathering of entrepreneurs during Global Entrepreneurship Week, will be ...

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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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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 […]


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, […]


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 […]


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 […]


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 […]


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. […]

health apps

Royal Philips (AEX: PHIA, NYSE: PHG) (http://www.philips.com) has opened its first Community Life Center in Kenya, an integrated solution for primary health care and service facilities that provides community development from a health care, lighting and healthy living perspective. Developed by the Philips Africa Innovation Hub (http://goo.gl/2bnujk) and introduced in collaboration with the County Government of Kiambu in Kenya, the Community Life Center (located at the Githurai Lang’ata Health Center in Kiambu County) is a […]

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