Back (L-R): Robin van Reenen (Director Business Development, Mastercard), Federico von Bary Landesmann (Co-founder, SAVA) Front (L-R): Gabriel Swanepoel (Country Manager Southern Africa, Mastercard), Kola Olajide (CEO, SAVA) Mastercard and Johannesburg-based fintech company SAVA have announced a partnership that will support small, medium, and micro enterprises (SMMEs) through innovative payments technology and infrastructure. The Mastercard-SAVA collaboration supports and reiterates Mastercard’s financial inclusion pledge to bring 50 million SMMEs worldwide into the digital economy by 2025. Through the partnership, the two entities will provide small businesses in South Africa, Nigeria, Kenya, and Egypt with an online platform, powered by SAVA’s Payment…
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Bfree Co-Founders (L-R): Chukwudi Enyi (COO), (Julian Flosbach (CEO) , Moses Enmor (HOP) Bfree, a Nigerian fintech company specialising in debt collection, has raised $2.95 million in a bid to expand its services across Africa and develop innovative debt collection solutions. Led by Capria Ventures, this funding round brings the company’s total funding to $6.5 million, including a previously undisclosed bridge round of $1.1 million secured in 2023. Founded in 2020 to revolutionise the debt collection landscape in Africa by offering a more ethical and automated approach to business, Bfree’s debt collection methods include a self-service platform for borrowers to…
MDaaS Global, a health company focused on providing modern diagnostic services across Africa, has raised $3 million, successfully following through on its mission to improve access to quality healthcare services in underserved communities. As a result of this recent funding round led by Consonance Investment Managers (with participation from other notable investors, including Techstars, FINCA Ventures, and Future Africa), the $3 million investment will be deployed towards expanding MDaaS Global’s operations across Nigeria and other African markets, thereby addressing the healthcare infrastructure gaps prevalent in many African countries. Expansion plans will cover the opening of new diagnostic centres, investment in…
MTN Foundation (the Corporate Social Responsibility arm of MTN Nigeria) has announced its plans to invest a total of N600 million to directly benefit 1,000 female entrepreneurs in the second iteration of its Y’ellopreneur project, whose objective is to create employment and enhance entrepreneurship amongst women through capacity building and access to capital. Some of the support vehicles include loans, grants, and advisory services in order to achieve long-term business sustainability. Odunayo Sanya (Executive Director, MTN Foundation) Speaking yesterday at the launch of Phase 2 of Y’ellopreneur, Odunayo Sanya (Executive Director, MTN Foundation) reiterated that Y’ellopreneur Phase 2 would provide…
If you happen find yourself in a blackout-prone or off-grid environment while desperately needing power for your laptop or 12-volt portable appliance, this article might be right for you. The 12V Adapter Plug with Battery Clamps connects directly to your battery (car battery, motorcycle battery or deep cycle battery) with integrated battery clamps. Directly from your battery terminal, easily power your favourite, portable 12-volt devices (such as tyre inflator, vacuum, cooler, oven food warmer, fan, coffee maker and more). Water resistant cap to protect the female plug socket from the elements. Built-in fused connection for protection against short circuit. Molded…
Christina Funke Tegbe (Founder, 54 Thrones) 📸 GettyImages The American business reality television series, Shark Tank, is an all-time favourite for watching how small-time entrepreneurs pitch their unique and intuitive products to a panel of billionaires and millionaires for a chance to get an investment deal. Christina Funke Tegbe, founder of 54 Thrones, is one contestant whose body butter and black soap products got significant exposure on the show. Tegbe made an appearance on Shark Tank in season 13 and was able to successfully negotiate a deal with judge Kevin O’Leary and guest judge Nirav Tolia. In 2021, 54 Thrones…
On Monday (March 04, 2024), Dr. Olayemi Oyebanji, wife of Governor Biodun Oyebanji of Ekiti State, cut the ribbon to the new Àdìrẹ Èkìtì Hub, a local fabrics empowerment scheme and training centre set up in Ado-Ekiti (the State capital) to economically empower unemployed youths and widows. The popular Àdìrẹ textile is a type of dyed cloth made in South-West Nigeria by Yoruba women, using a variety of resist-dyeing techniques In partnership with the Nike Okundaye Art Foundation, the project kicked off with 220 beneficiaries undergoing intensive training on tie-and-dye processes – in a double bid to encourage self-sustenance and entrepreneurship, as well…
On March 01, 2024, businessman and Chairman of the Cubana Group, Obinna Iyiegbu launched an electric car-hailing service in Nigeria’s Federal Capital Territory, Abuja, under the brand name Enviable Transport. Latching onto the promise that the new service would bridge an existing gap in urban transportation, Abuja residents have taken to the electric vehicle (EV) fleet on offer by Enviable Transport. Iyiegbu is known for his shrewdness, and is relentless in pursuing his vision of electric vehicles being the next big thing for affordable and secure ride-hailing and car subscriptions. The world over, the mobility services sector (including ride-hailing, car…
📸✍ Ujama Akpata (L) is a CNN-featured female-entrepreneur on a mission to simplify global logistics and bring the world to Africa As a co-founder, the journey of building Cargoplug has been an incredible ride. Yet, it’s important to recognise that amidst the highs, there have been moments of doubt and uncertainty. We’ve encountered numerous setbacks along our journey, and this year has been no exception, it’s been an intense 2 months. From the challenges of fluctuating currency values to unexpected increases in customs fees, we’ve faced our fair share of obstacles 😣😖. Running a business, especially in times like these,…
https://www.youtube.com/watch?v=t3YxP66XQPo 🎥ChannelsTV Herbert Onyewumbu Wigwe CFR (15th August 1966 – 9th February 2024) was a Nigerian banker and businessman. He was the group managing director and CEO of Access Bank Plc, one of Nigeria’s top five banking institutions, Wigwe was among six people who lost their lives on 9th February 2024 after the Eurocopter EC130 in which they were travelling crashed near Nipton, California. Also on the flight were his wife Chizoba, his son Chizi, former Nigerian Exchange Group Plc Chairman, Abimbola Ogunbanjo, and two crew members.