Nigeria: Latest News

  • World’s Largest Mobile Virtual Network Operator Chooses South Africa As Regional Launchpad

    Lycamobile is a British mobile virtual network operator. Photo - Taxiadvertising By Peter Pedroncelli, 6:47 am

    British mobile virtual network operator Lycamobile is expanding into Africa, and has chosen South Africa as their first sub-Saharan African market. As the biggest mobile virtual network operators in the world, Lycamobile’s expansion to South Africa will be their first in the region, as well as the 23rd country within their list of global markets.

  • Nigeria Announces Smart Cities Project Plan

    By Staff, 8:29 am

    The Federal Government says it is embarking on Smart City project in order to leverage on technology solutions to improve efficiency of cities across the country. The minister of communication Adebayo Shittu disclosed this at the opening ceremony of the Smart Cities Nigeria Summit yesterday in Abuja. The minister said the with the development of new technological innovations–mainly ICTs–the concept of the “Smart City” has emerged as a means to achieve more efficient and sustainable cities.

  • Africa’s Space Technology Moves Ahead

    Space technology By Staff, 7:45 am

    African space programs are nothing new. In 1964 Edward Mukuka Nkoloso, self-appointed director of Zambia’s national space program, wanted to beat the USA and the Soviet Union in the space race, and landing a Zambian on the Moon. Using unconventional techniques, such as spinning students around a tree in an oil drum, Nkoloso trained 12 astronauts. He was unsuccessful. Fortunately Africa’s space programs now look much more promising. In the last decade the continent has entered a space race.

  • 10 African Billionaires Who Can Thank Tech For Their Fortunes

    African billionaires - Egyptian Naguib Sawiris is a popular figure on Twitter. Photo: Ventures Africa By Peter Pedroncelli, 6:06 pm AFKI Original

    There are 25 African billionaires who can stake their claim among the estimated 2,043 dollar billionaires worldwide that make up the richest of the rich. A number of the African billionaires have earned some of their wealth thanks to tech and related industries, with the modern digital world contributing revenues that have helped them to grow their personal net worth to billionaire status.

  • 12 Things You Didn’t Know About Africa’s First Startup Unicorn

    Africa Internet Groups rebrands as Jumia Group. Photo - Innov8tiv By Peter Pedroncelli, 6:37 pm AFKI Original

    History was made in 2016 when Africa could finally celebrate its first startup unicorn, with the Africa Internet Group, now known as Jumia Group, being valued at over $1 billion in February last year. In doing so, it became the first privately owned startup to gain unicorn status, joining an elite group of 150 or so companies around the globe. The company is based in Lagos, Nigeria, and operates as a subsidiary of Millicom International Cellular S.A, using a sales approach similar to Amazon.

  • Opinion: Democracy Is Not Defined By Term Limits, But They Serve A Purpose

    3rd Kagame Term By Kurt Davis Jr., 7:13 am AFKI Original

    The re-election of Paul Kagame to a third term as president of Rwanda on August 4 sparked excitement in some corners of the world and raised concerns in others. While some celebrate Kagame’s amazing success in transforming the small East African nation, others argue that he has already ruled for 17 years, and his continued stay as the country’s first citizen undermines democracy. Both sides have legitimate points.

  • African Fintech Solutions Succeed Due To Nonexistent Banking Infrastructure

    M-Pesa is a fintech success story in Africa. Photo - Quartz By Tom Jackson, 6:13 am AFKI Original

    While fintech solutions in other parts of the world have not produced consistent success, Africa’s lack of banking penetration has opened up possibilities for fintech startups to serve a mobile-first population. This track record of innovation is resulting in increased funding for African fintech startups, while of all the sub-sectors within Africa’s tech space it has also proven the most likely in terms of exits.

  • PR Expert Moves Back To Nigeria Where Demand Is Growing For Her Services

    PR Expert By Ann Brown, 1:21 am AFKI Original

    Nigerian entrepreneur Bukky-Karibi Whyte is the head of successful PR Firm, The Bobby Taylor Company, which she started in North America and decided to relocate to Nigeria. Relocating her company home allowed her to better cater for local clientele, and while she admits to having to work twice as hard to prove herself as a women, she is clearly proving her title as a PR expert.

  • 12 Ways Tech Is Uplifting Agriculture Industries In Africa

    Tech Is Uplifting The Agricultural Industry In Africa By Peter Pedroncelli, 5:26 am AFKI Original

    As with many sectors in modern business, the agricultural industry in Africa is embracing technology to enhance production and ensure a more profitable future. Tech is able to reduce costs, upskill farm workers and save effort and time in Africa’s largest economic sector. From drone tech to mobile apps that assist farmers, Africa is a pioneer on the agritech front, and the technologies that are being incorporated into agriculture are helping to put food on the tables of people all over the world.

  • 10 African Startups With The Potential To Become Unicorns

    African startups - connect African coders By Peter Pedroncelli, 6:56 am AFKI Original

    The Africa Internet Group became the first startup unicorn from Africa when the leading e-commerce group in the continent was valued at more than $1 billion last year, becoming a pioneer among African startups. There are a few startups that are approaching that milestone, and they have the potential to become members within a group of global unicorns that only number around 150 or so in total.

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