Category : Other News

Other News / Education - 2019-12-08 16:32:22

Buhari’s government is specialised in fake news- ASUU

The Academic Staff Union of Universities (ASUU), on Sunday, said that President Muhammadu Buhari’s administration is a government specialised in the spread of fake news. ASUU made this declaration via a statement made available to DAILY POST in Ibadan, the Oyo state capital by the ASUU Chairman, University of Ibadan chapter, Professor Deji Omole. DAILY […] Buhari’s government is specialised in fake news- ASUU

Other News / Education - 2019-12-08 16:32:22

IPPIS Controversy: ASUU debunks FG claim on enrolment of 39,000 lecturers, says Buhari’s government is specialised in fake news

The Academic Staff Union of Universities (ASUU), on Sunday, said that President Muhammadu Buhari’s administration is a government specialised in the spread of fake news. ASUU made this declaration via a statement made available to DAILY POST in Ibadan, the Oyo state capital by the ASUU Chairman, University of Ibadan chapter, Professor Deji Omole. DAILY […] IPPIS Controversy: ASUU debunks FG claim on enrolment of 39,000 lecturers, says Buhari’s government is specialised in fake news

Other News / Science & Tech - 2019-12-03 09:00:18

Credit startup Migo expands to Brazil on $20M raise and Africa growth

After growing its lending business in West Africa, emerging markets credit startup Migo is expanding to Brazil on a $20 million Series B funding round led by Valor Capital Group. The San Franicso-based company — previously branded Mines.io — provides AI-driven products to large firms so those companies can extend credit to underbanked consumers in viable ways. That generally means making lending services to low-income populations in emerging markets profitable for big corporates, where they previously were not. Founded in 2013, Migo launched in Nigeria, where the startup now counts fintech unicorn Interswitch and Africa’s largest telecom, MTN, among its clients. Offering its branded products through partner channels, Migo has originated more than 3 million loans to over 1 million customers in Nigeria since 2017, according to company stats. “The global social inequality challenge is driven by a lack of access to credit. If you look at the middle class in developed countries, it is largely built on access to credit,” Migo founder and CEO Ekechi Nwokah told TechCrunch. “What we are trying to do is to make prosperity available to all by reinventing the way people access and use credit,” he explained. Migo does this through its cloud-based, data-driven pl...

Other News / Science & Tech - 2019-12-02 06:00:42

Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC

November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups. The month saw $360 million invested in Nigerian-focused payment ventures. That is equivalent to roughly one-third of all the startup VC raised for the entire continent in 2018, according to Partech stats. A notable trend-within-the-trend is that more than half — or $170 million — of the funding to Nigerian fintech ventures in November came from Chinese investors. This marks a pivot (to tech) in China’s engagement with Africa. We’ll get to that. Before the big Chinese-backed rounds, one of Nigeria’s earliest fintech companies, Interswitch, confirmed its $1 billion valuation after Visa took a minority stake in the company. Interswitch would not disclose the amount to TechCrunch, but Sky News reporting pegged it at $200 million for 20%. Founded in 2002 by Mitchell Elegbe, Interswitch pioneered the infrastructure to digitize Nigeria’s then predominantly paper-ledger and cash-based economy. The company now provides much of the tech-wiring for Nigeria’s online banking system that serves Africa’s largest economy and population. Interswitch offers a number of personal and business finance products, including its Verve payment ca...

Other News / Science & Tech - 2019-11-30 13:00:33

Startups Weekly: Chinese investors double down on African startups

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I wrote about Airbnb’s issues. Before that, I noted Uber’s new “money” team. Remember, you can send me tips, suggestions and feedback to [email protected] or on Twitter @KateClarkTweets. If you’re new, you can subscribe to Startups Weekly here. China’s pivot to Africa Three African fintech startups; OPay, PalmPay and East African trucking logistics company Lori Systems, closed large fundraises this year. On their own, the deals aren’t particularly notable, but together, they expose a new trend within the African startup ecosystem. This year, those three companies brought in a total of $240 million in venture capital funding from 15 different Chinese investors, who’ve become increasingly active in Africa’s tech scene. TechCrunch reporter Jake Bright, who covers African tech, writes that 2019 marks “the year Chinese investors went all in on the continent’s startup scene” — particularly its fintech projects. Why? “The continent’s 1.2 billion people represent the largest share of the world’s unban...

Other News / Education - 2019-11-26 14:57:25

‘Trafficking in Persons’ to form part of school curriculum – Min of education, Adamu

The Minister of Education, Alhaji Adamu Adamu says the Federal Government will review school curriculum to include studies in Trafficking in Persons (TIP) at all levels of education. Adamu disclosed this on Tuesday in Enugu during the train-the-trainers workshop on Trafficking in Persons Issues mainstreamed into Nigeria College of Education (NCE) Minimum Standards. The minister […] ‘Trafficking in Persons’ to form part of school curriculum – Min of education, Adamu

Other News / Science & Tech - 2019-11-26 09:00:02

Sim Shagaya’s uLesson African edtech startup raises $3.1M

Nigerian founder Sim Shagaya is back with a new startup —  uLesson — that has raised a $3.1 million seed round led by TLcom Capital. The venture is integrating mobile platforms, SD cards, culture-specific curriculum and a network of tutors to bridge educational gaps for secondary school students in Nigeria and broader Africa. Founded in 2019 by Shagaya — who also founded Nigerian e-commerce startup Konga and ad venture E-Motion — uLesson is headquartered in Lagos with a production studio in Jos. The startup has been in development phase and plans to go to market in February 2020 in Nigeria, Ghana, Sierra Leone, and Gambia — Shagaya told TechCrunch on a call. “We’re targeting Anglophone West Africa…for a market of effectively 300 million people,” he said. On product demand, Shagaya notes the priority placed on education across West African households vs. structural deficiencies — such as student teacher ratios as high as 70:1 in countries such as Nigeria. “We have this massive gap…We’re adding more babies in this country nominally than all of Western Europe…Even if the [Nigerian] government was super efficient, it couldn’t catch up with the educational needs of the young people that are coming up,” Shagaya said. To addres...

Other News / Education - 2019-11-22 10:30:17

WAEC: Nigerian emerges best 2018 WASSCE candidate

An 18-year-old Nigerian, Peter Arotiba from Kogi State, has been awarded the National Distinction and Merit Award by the West Africa Examination Council (WAEC) for emerging overall best student in the 2018 examinations. Arotiba, who is currently studying Medicine and Surgery at the University of Ibadan, graduated from the Nigeria Air Force Secondary School, Ikeja, […] WAEC: Nigerian emerges best 2018 WASSCE candidate

Other News / Education - 2019-11-18 13:58:38

Panic as Ekiti Varsity moves to sack 500 Staff

Fear has gripped the staff of Ekiti State University (EKSU), Ado Ekiti, as the university management is allegedly making surreptitious efforts to sack about 500 staff of the institution. The staff, according to multiple sources, were those that were employed by the immediate past Vice-Chancellor, Prof Samuel Oye Bandele during his tenure. Again, some professors, […] Panic as Ekiti Varsity moves to sack 500 Staff

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