Mastercard, a global pioneer in payment innovation and technology in partnership with First City Monument Bank (FCMB) and Netplus, has launched a contactless payment solution that enables consumers, merchants, and financial institutions to process payments seamlessly using Tap on Phone. The launch of the payment solution will eliminate physical contact with a device at the …
Bolt, an all-in-one mobility app has announced a $2.71 million (N1.25 billion) pledge to empower more women to drive with Bolt and other ride-hailing platforms. The pledge forms part of a new campaign launched by Bolt called ‘Women at the Wheel’ which seeks to address the under-representation of women in the mobility sector and help …
The Nigerian media industry would need to evolve a new business model to be sustainable in the digital era, says Frank Aigbogun, publisher of BusinessDay. The reader revenue model and not the ad revenue model, he says, is the best model for the media industry. A reader revenue describes a business model in which some …
Bayobab, a fully owned MTN subsidiary, has completed a partnership with Africa50 to build a terrestrial optic fibre cable network connecting the Eastern shores of Africa to those on the continent’s Western region. The Project East2West will impact ten African countries including Nigeria over a period of three years, from 2023 to 2025. It will …
François Ameguide, Facctum Director of Business Development, Africa Facctum, a risktech company specialising in anti-financial crime solutions, is introducing its next-generation technology to Nigeria. These cutting-edge applications harness the power of parallel processing technology, giving Nigerian financial institutions new choices to modernise financial crime detection. François Ameguide, the Facctum Director of Business Development, Africa said …
The MTN Media Innovation Programme (MTN-MIP-2) kicked off on Monday, 15 May, with 20 selected media professionals in attendance. The Professional Programme which is being organised in collaboration with Pan-African University (PAU) is part of the telecom company’s drive to provide learning opportunities for media professionals in the country and to foster the best practices …
Volition Cap, a Nigerian-based asset management company empowering the middle class has secured a fund management license from the Nigerian Securities and Exchange Commission. The license according to the company allows its operations as a registered fund manager in Nigeria, as it prepares to launch a suite of retail and institutional investment products for Africans …
Gricd, a technology company that develops Internet of Things-powered solutions to support the last-mile delivery of perishable goods, has secured $1.5 million in a seed funding round. The funding round was led by Atlantica Ventures, with Vested World, Jaza Rift, and Katapult’s participation to expand across Africa and deliver new solutions that will make it …
M-KOPA, a fintech platform, has announced that it successfully secured $250 million in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa. This marks one of the largest combined debt and equity raises in the African tech sector, enabling M-KOPA to continue its rapid growth, the company …
Artificial intelligence is no good, software is not inclusive, IT leaders are irresponsible. Everyone in IT can encounter such statements on regular bases, sometimes in the media, other times at a café, it does not really matter where, when you hear a lie often enough it becomes the truth. But is that the truth though? …