HEALTH tech start-up, Tennr, has secured $37 million in funding to grow its research team, expand sales and marketing efforts to help more providers. Tennr‘s suite of specialized machine learning models are helping to read, parse, and respond to the multitude of complex, messy documents healthcare practices send one another. Tennr has scaled quickly in…
AFRICA’s richest oil giant, Nigeria, has suffered some 105 power grid collapses over the last 10 years with no solution to end the recurring decimal in sight, according to industry body, the Lagos Chamber of Commerce and Industry (LCCI). After a series of reforms in the power sector that led to the sale of the…
A COMPANY, Socket, has secured a $40million funding round to tackle the rising tide of supply chain security attacks. With over 90 per cent of modern applications built on open source, security has become more critical than ever. Traditional Software Composition Analysis (SCA) tools are struggling to keep up with ever rising attacks. Socket safeguards…
AFRICA-focused fintech company, PalmPay, has stressed the need for founders within the fintech ecosystem to boost investors’ confidence to drive more foreign direct investment (FDI) across the continent. The company believes that working closely with investors is vital to creating value. Speaking at the just concluded 2024 Nigeria Fintech Week in Lagos, Managing Director, PalmPay…
Twenty-seven start-ups in Africa have raised more than $100m+ in equity, debt or grant funding since 2019. MTN-Halan is leading the pack by a comfortable margin with close to $1 billion raised in the past 5.5 years, followed by Sun King and OPay. If you push the cursor down to $50m+ of funding raised, you…
A group, the Nigerian Association for Energy Economics (NAEE) has blamed the country’s resource- curse syndrome on weak institutions and poor governance that have led to the inability of the country to transform her abundant human and natural resources endowment for the good of all. The group’s President, Dr. Hassan Mahmud, who spoke in Abuja,…
If the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) fail to address the debt overhang of about N250 billion owed mobile network operators (MNOs) as a result of the use of the Unstructured Supplementary Service Data (USSD), the operators might, subject to regulatory approval, suspend supporting the use of the service…
realme, one of the world’s fastest-growing smartphone brands, has officially launched its operations in Nigeria. With a focus on combining affordability with cutting-edge technology, realme’s market entry aims to address the growing demand for high-performance mobile devices in the country. The market entry was marked by a grand launch at the Balmoral Convention Center, Ikeja,…
QNET has restated its commitment to improving Nigeria nutritional health with advanced solutions to improve productivity. The company, a global leader in wellness and lifestyle products, gave the commitment on occasion to mark World Food Day. It said the malnutrition crisis in Nigeria is severe, with 32 per cent of children under five suffering from…
