Nas Pockets $340 Million After Viacom Makes a Huge Deal With His Pluto TV Streaming Service

On Wednesday, Jan. 2, Nas posted a photo of himself posing with Jay-Z and Sean “Diddy” Combs and wrote that he wanted to be in their financial neck of the woods. “What better than two billionaires?” he asked, quoting Jay’s line from the song “Family Feud.” “Three, ‘specially if the third one gonna be me.” Instagram Well, Mr. Jones may be well […]

African Innovators Shine during Zayed Sustainability Prize’s 2019 Awards Ceremony

African innovators excelled at this year’s Zayed Sustainability Prize annual awards ceremony on January 14 2019, winning in three out of five categories including Energy, Food and Global High Schools. The 2019 Zayed Sustainability Prize, which is the UAE’s pioneering global award in sustainability, honoured leaders whose work and spirit of enterprise has resulted in […]

[Nigeria] CDC announces new investment to support high-growth SMEs

CDC, the UK’s development finance institution, has announced a new investment designed to support high-growth SMEs in Nigeria. CDC has made a US$15 million commitment to CardinalStone Capital Advisors Growth Fund (“CCA”). CCA is a first-time, Nigeria-focused fund that targets SMEs across six sectors: agriculture, industrials, FMCG, healthcare, education and financial services. CCA will use […]

[Kenya] Andela Secures $100M Series D to build distributed engineering teams and power the future of work

Andela, the company building distributed engineering teams with Africa’s top software developers, today announced the completion of a $100M Series D funding. The round was led by Generation Investment Management with participation from existing investors including Chan Zuckerberg Initiative, GV, Spark Capital, and CRE Venture Capital. The most recent financing brings Andela’s total venture funding […]

NITA gets new Director-General Ministry of Communications

Mr. David K. Gyewu has been appointed Acting Director-General of the National Information Technology Agency (NITA) with immediate effect. A statement issued by the Ministry of Communications holds that Mr. Gyewu is an experienced business operations strategist and technology specialist with experience at a high and senior level in both the private sector and governmental […]

Global automakers are betting on Africa’s demand for new vehicles

Volkswagen has tapped a scientist to lead its Rwanda operations as the automaker seeks to expand its market in sub-Saharan Africa and wean drivers off second-hand imported cars. The German carmaker appointed Michaella Rugwizangoga on Monday (Mar. 26) to manage Volkswagen Mobility Solutions Rwanda, a $20 million operation that includes an assembly plant, car sharing, and ride-hailing systems. Rugwizangoga, […]

The real story is Politics Not Business Facebook Loses $37 billion in Share Value as The Stock Market Reacts to A Data Sharing Scandal

From the time you had “free” services search engines and free mail, data has always been treated like a commodity that can be paid for. Facebook’s mess could be a taste of the oncoming conflicts between governments and consumers or vice versa as the world moves into an era where data would be as valuable […]

I Just Don’t Like Facebook, Gives Me the Willies: Elon Musk on Deleting SpaceX, Tesla Pages

Well amidst the Facebook data sharing scandal that has already cost Facebook about $37 billion and as the #DeleteFacebook movement also goes on, Elon Musk added pepper to the injury after Facebook pages of SpaceX and Tesla disappeared minutes after Musk responded to a comment on Twitter calling for him to take down the official […]

Zimbabwe’s startups and tech hubs are betting they’ll start to get funding

Despite restricting cyber freedoms and cracking down on social media users, former Zimbabwean president Robert Mugabe’s cash-strapped government had been prepared to play its part in empowering the country’s tech entrepreneurs. In 2017, the national telecoms regulator, Potraz, unveiled a $25 million ICT innovation fund to support innovators and tech startups in Zimbabwe. Entrepreneurs applied to the fund […]

Mark Zuckerberg Started this January 2018 with $4Billion

As at just 10-days into the new year and according to Bloomberg‘s billionaires list, Facebook founder Mark Zucckerberg had already made $4 Billion. The report says, ‘major market indices are up 2% year-to-date, continuing the major stock gains of last year. Among those profiting from the continued stock surge is Facebook CEO Mark Zuckerberg. The […]

MTN GHANA CONTRIBUTES ¢1.2BN TO GOG TAX NET IN 2017

  Telecoms Giant, MTN Ghana has posted a 68% increase in total taxes paid to Government of Ghana in 2017 as compared to the previous year. The company’s total revenue soared to GH₵3.4 billion in 2017, as against the GH₵2.77 billion revenue recorded in 2016. Speaking at a media forum to present the company’s financial […]

UK PM seeks ‘safe and ethical’ artificial intelligence

The prime minister says she wants the UK to lead the world in deciding how artificial intelligence can be deployed in a safe and ethical manner. In a speech at the World Economic Forum in Davos, Theresa May said a new advisory body, previously announced in the Autumn Budget, will co-ordinate efforts with other countries. In […]

Amazon doesn’t care if you accidentally shoplift from its cashier-less store – The Verge

Amazon Go, the e-commerce giant’s new cashier-less grocery store in downtown Seattle, opened today to a mix of general curiosity and incredulity. How can a store function without cashiers? How do you pay, and how does the business know who’s buying what? Amazon has done a sound job of explaining many of the particulars of […]

Bitcoin is illegal – Bank of Ghana

The Bank of Ghana has announced that trading and using the popular cryptocurrency known as Bitcoin in the country is illegal and not recognized as a legitimate form of currency in the country. The Governor of Ghana’s central bank, Dr Ernest Addison at a media briefing to conclude the Monetary Policy Committee (MPC) annual meetings […]

Report: WhatsApp is testing P2P payments in India, beta rolling out this quarter

Following murmurs from last April about WhatsApp gearing up to allow payments in India, FactorDaily reports that Facebook employees in the country are presently testing the new functionality in the messaging app, and that the company plans to begin testing it with about 1 percent of its user base there within the first quarter of this […]

Google appoints Chief Marketing Officer for Sub-Saharan Africa

Google announced on Monday, 15 January 2018 that it has appointed Mzamo Masito as its Chief Marketing Officer for Sub-Saharan Africa. Masito joins Google from Vodacom, where he held a senior position, he has an MBA from the Gordon Institute of Business Science (GIBS) as well as a post-graduate diploma from UCT. He lectures at […]

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