All about Business.
To support its next phase of expansion and product innovation, FairMoney, a credit-driven mobile banking network for developing nations in Africa and Asia, has teamed with Oradian, a cloud-based core banking system. Oradian provides financial services to over 10 million users, collaborating with more than 50 tech lenders, banks, and finance firms in 13 African…
An online bank in Nigeria named Eyowo has announced the introduction of the “e Better Card,” a digital-first debit card. The Eyowo debit card is a numberless Mastercard that allows cardholders access to a secure and smooth payment experience by safely keeping their payment information in the Eyowo X mobile app. This eliminates the possibility…
All Nigerians can now access quick, easy, and affordable eNaira banking services using the USSD channel, which eliminates the need for data and is accessible on all handsets, thanks to a partnership between Clickatell and the Central Bank of Nigeria (CBN). Clickatell is a pioneer in CPaaS and a leader in chat commerce. In an…
PowerDFI, a Blockchain financial startup based in Wyoming, has acquired Naijacrypto, a Nigerian-owned cryptocurrency platform that initially targeted African markets. Naijacrypto is a cryptocurrency exchange that offers cryptocurrency spot trading, staking, cryptocurrency-backed loans, and numerous other blockchain-based services. It aims to close financial inclusion gaps by facilitating traditional financial activities through the blockchain. Tim Webb,…
Adobe is reportedly closing a deal to acquire Figma, a startup based in the United States that creates online design collaboration tools. According to reports, the transaction could be completed for around $20 billion, as Adobe seeks to expand its portfolio of collaboration-focused platforms geared for the hybrid-work era. The leading software company is increasingly…
What does pitching in business entail? In business, pitching means presenting company concepts to another person. As an illustration, you might introduce your fledgling company to possible investors or your items to prospective clients. To get buy-in, a business pitch must clearly explain your strategy or objectives to the audience. Your goods and business are the subject…
Today, purpose-driven brands outperform those that are not. People want to feel that a brand has invested in them, its employees, the community in which it operates, or the environment. According to the findings of the 2021 Edelman Trust Barometer, 68% of consumers believe they have the power to force corporations to change, and 86%…
Africa Data Centres, part of the Cassava Technologies group and one of the continent’s largest networks of interconnected, carrier- and cloud-neutral data center facilities, has taken a significant step forward in its widescale expansion into Africa by partnering with Nigeria’s primary internet exchange point: IXPN. “IXPN is without a doubt Nigeria’s leading internet exchange point,…
? What is Outsourcing in Business? ? Types of Outsourcing ? Areas of Workforce Outsourcing ? Is Workforce Outsourcing ideal? What is Outsourcing in Business? Since 1989, businesses have used the outsourcing of labor to reduce costs that would otherwise be incurred, regardless of the efficiency of the business outsourcing is transferring responsibilities that should have been handled by in-house workforce…
Flutterwave, a major payments technology firm in Africa and in Nigeria, has announced that the Central Bank of Nigeria has granted it a Switching and Processing License (CBN). Flutterwave will be able to issue payment cards to customers directly thanks to the Switching and Processing license, as well as process financial transactions for other fintech…
There are many reasons why companies fail, and one reason for failure in business is the lack of funds, the exchange of money for the goods or services provided. There is no point in having a great product when its market value is zero, sooner or later, the competition for market share would shift to those who…
An undisclosed sum was paid by Float, a Ghanaian fintech firm, to fully purchase Accounteer, a Nigerian cloud-based accounting business that offers bookkeeping, tax preparation, and financial counseling services all on one platform. Eight months after Float obtained its $17 million in equity and debt startup capital, this acquisition was finalized. The discussion that resulted…
The delisting of Israeli technology firm Telrad and the completion of Liquid Intelligent Technologies’ (Liquid) 100% acquisition of Telrad were both announced today. Telrad will now be a part of Liquid and Cassava Technologies, which is Liquid’s larger parent company. Early this year, Liquid and Telrad entered into an agreement for the sale of Telrad….
For more than half a decade, Olayinka Oladele has been a prominent figure in the technological space playing a pivotal role in shaping the landscape of Micro Frontends, a transformative approach that has significantly shaped the methodologies employed in the design and development of web applications. This spotlight article aims to underscore Olayinka Oladele’s substantial…
In order to provide its services for the BOSs of GrubTech’s clients, Geidea, an e-payments and finance platform, has inked an agreement with GrubTech, the UAE’s cloud kitchens and restaurant IT solutions supplier. The partnership will provide new benefits and added value for GrubTech’s customers in the Egyptian market, the company claims. In the presence…
In order to expand operations and enter new markets, Kenya’s Elloe, a conversational e-commerce business, purchased rival Flo by Saada for an unknown fee. Owen Sakawa founded Elloe, a revolutionary conversational commerce platform driven by AI that enables SMEs to conduct online transactions on any messaging network. The company has acquired Flo by Saada, whose…
As it attempts to finance share buybacks and investments to reform its business, Meta Platforms Inc., the parent company of Facebook, announced on Tuesday that it has raised $10 billion in its first-ever bond issue. The selling would assist Meta, the only major technology company without debt, in creating a more conventional balance sheet and…
The assumption of business owners is to provide solutions that meet the needs of their customers, and as a result, raise the quality of lives of these customers as they use these products. Customers have had bad experience when a product that was promoted to meet certain need does not and leads to customers who become very logical before…
Banks cannot be everything to everyone. There are limits within formal banking environments that make it difficult for these financial institutions to serve all customers. For instance, many people seeking loans or favourable savings products struggle to provide collateral or afford the fees that would satisfy the regulations and requirements governing a traditional financial institution….
The price of a product determines what customer segment would make demands for them and determines its classification as a luxury good or one for the middle class. There are many factors used in determining the price of a product or service and they can determine your market share. 1. The Price of Your Competition Your competition…
PayGate, a subsidiary of South Africa’s DPO Group, has announced the addition of Samsung Pay as an additional payment method for its merchants. The mobile payment solution enables secure and private mobile payments without the need to hand over cash or share payment card information for each new transaction. “Samsung Pay eliminates the need to…
Gumtree, a South African online listings network, has been acquired by Impresa Capital, a venture capital firm with offices in Durban, for an unknown sum, subject to regulatory approval. Gumtree, one of the most popular locally published websites in the nation, was founded in 2004 and currently has 4 million unique visitors and 71 million…
A cooperation between Lender Equity Bank Kenya and NALA Payments Limited has been declared. NALA is a platform for processing remittance payments that is authorized in the US and the UK to facilitate remittances from the diaspora into Kenya. According to a statement from Equity, the partnership would enable Kenyans living in the UK and…
In a first for the biggest economy in East Africa, Kenya, the global energy and services company Engie Energy Access and the Dutch social enterprise PreMal have teamed up to introduce a solar-powered mosquito capturing system. The ground-breaking outdoor mosquito trap, known as MTego, is intended to capture malaria vectors without the use of insecticides…
The Micro Small and Medium Enterprise (MSME) is estimated to be at over 40 million MSMEs in Nigeria and contributes over 50% to the Gross Domestic Product (GDP) with respect to job creation and national development. Despite the scale at which the Micro Small and Medium enterprises is contributing to the growth and development of the…
The largest mobile network operator in Africa, MTN, and South African telecoms company Telkom have begun discussions regarding Telkom being acquired by MTN. The acquisition structure, according to the release, will involve MTN acquiring the entire issued share capital of Telkom in exchange for shares, cash, or a mix of shares in MTN and cash….
A Nigerian business called Bloc, which offers full-service FinTech and banking as a service infrastructure, has acquired Getwallets, a wallets-as-a-service provider that has just changed its name to Orchestrate, a payments orchestration company. Bloc will be able to concentrate on its main product strategy of providing seamless BaaS & banking services thanks to the strategic…
Internet Technologies Angola (ITA), a supplier of telecommunications services in Angola, has changed its name to Paratus Angola, placing it under the parent firm Paratus Group’s larger network. The rebranding, according to a statement from the company, aims to align ITA’s brand identity with that of the larger Paratus Group in order to support its…
A South African venture capital firm called Futuregrowth has announced intentions to launch the Futuregrowth High Growth Development Equity Fund (HGDEF), which will concentrate on funding firms with a significant positive impact on development. Futuregrowth is a leading developmental investor and South Africa’s eighth-largest asset management organization with more than 50 fund products, more than…
For an unknown sum, South African data analytics, consulting, and software platform Principa is being purchased by Mauritius-based technology investment holding company Hyperclear from Apex Partners Holdings. In order to finance its acquisition plans, which are concentrated on businesses with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of up to R250 million, Hyperclear recently…