Category : Other News

Other News / Education - 2020-05-20 20:52:23

Buhari Sacks NECO Registrar, Prof. Uwakwe, dismisses four top officials

President Muhammadu Buhari has sacked the Registrar, National Examination Council, NECO, Prof. Charles Uwakwe and outright dismissal of four top management officials of the council over series of allegations. This was contained in a letter dated May 11, 2020 signed by the Permanent Secretary Federal Ministry of Education, Arc. Sonny Echono, on behalf of the […] Buhari Sacks NECO Registrar, Prof. Uwakwe, dismisses four top officials

Other News / Science & Tech - 2020-05-20 05:25:18

Kenya’s Apollo Agriculture raises $6M Series A led by Anthemis

Apollo Agriculture believes it can attain profits by helping Kenya’s smallholder farmers maximize theirs. That’s the mission of the Nairobi-based startup that raised $6 million in Series A funding led by Anthemis. Founded in 2016, Apollo Agriculture offers a mobile-based product suit for farmers that includes working capital, data analysis for higher crop yields and options to purchase key inputs and equipment. “It’s everything a farmer needs to succeed. It’s the seeds and fertilizer they need to plant, the advice they need to manage that product over the course of the season. The insurance they need to protect themselves in case of a bad year…and then, ultimately, the financing,” Apollo Agriculture CEO Eli Pollak told TechCrunch on a call. Apollo’s addressable market includes the many smallholder farmers across Kenya’s population of 53 million. The problem it’s helping them solve is a lack of access to the tech and resources to achieve better results on their plots. The startup has engineered its own app, platform and outreach program to connect with Kenya’s farmers. Apollo uses M-Pesa mobile money, machine learning and satellite data to guide the credit and products it offers them. The company — which was a Tec...

Other News / Science & Tech - 2020-05-19 09:30:26

African countries need ‘startup acts’ more than ever to support innovation

Adedana Ashebir Contributor Share on Twitter Adedana Ashebir is regional manager for Africa for Village Capital, which has supported more than 100 entrepreneurs and 15 entrepreneur support organizations in Sub-Saharan Africa since 2012. As the fallout from COVID-19 continues to grip Africa’s major economies, the tech ventures in those countries need state support. National legislation that creates clear frameworks and operational support for startups are one of the best ways to help Africa’s digital companies survive and thrive through the coronavirus crisis — and improve their environment over the long term. Africa has dozens of thriving startup ecosystems that are persevering through this crisis, but now more than ever, they need a boost. The gains made by founders thus far are in danger due to the ongoing economic slowdown. The World Bank estimates that economic growth in sub-Saharan Africa alone will decline from 2.4% last year to -2.1 to -5.1% this year. If correct, the region will experience its first recession in a quarter of a century. Now is the time for something that was already long-overdue in many African countries: political leaders should support startups through national startup acts. Village Capi...

Other News / Education - 2020-05-18 20:02:02

FG reveals why salaries of lecturers reduced after IPPIS

The Federal Government of Nigeria has explained why lecturers have been receiving reduced salaries, following the introduction of the Integrated Payroll and Personnel Information System (IPPIS). Lecturers have complained about not receiving full pay in February, March and April. The Accountant-General of the Federation, Ahmed Idris, in a statement on Monday, said the IPPIS made […] FG reveals why salaries of lecturers reduced after IPPIS

Other News / Education - 2020-05-18 18:40:48

Akwa Ibom Govt threatens to withdraw licence from schools running 3rd term programme

The Akwa Ibom State Government has threatened to prosecute as well as withdraw the licence of any private school in the state that reopened for the 3rd term 2019/2020 school year either in school environment or online before authorized to do so. It added that it would announce the resumption of both public and private […] Akwa Ibom Govt threatens to withdraw licence from schools running 3rd term programme

Other News / Science & Tech - 2020-05-15 07:15:19

Opera’s OPay still plans Africa expansion on Nigerian super app

Opera’s Africa fintech startup OPay remains committed to building a multi-service super app in Nigeria as the foundation to expand on the continent. OPay also continues to operate ORide for limited passenger service — though the company is shifting the motorcycle ride-hail operation toward logistics businesses. These were some of the updates offered by Opera’s Derrick Nueman, a VP of Investor Relations and advisor to OPay. He spoke to TechCrunch amid a flurry of recent reporting questioning OPay’s Nigeria strategy and speculating on its departure from certain verticals. This is playing out in the context of fierce competition among fintech and mobility companies in the West African country. Nigeria is home to the continent’s largest economy, biggest population and is the top destination for VC to African startups, as of 2019. Opera launched the OPay mobile money platform in Lagos in 2018 on the popularity of its internet search engine in Africa. A year later, the Norway-based, Chinese-owned company sent jitters through Nigeria’s startup world when it rallied investors to back OPay with $170 million in VC. The financing haul amounted to nearly one-fifth of all venture funding raised for African startups the previous year. Image Credits: Opera Opera...

Other News / Science & Tech - 2020-05-14 05:53:30

Novastar Ventures becomes $200M African VC fund after $108M raise

African startups have another $100 million in VC to pitch for after Novastar Ventures’ latest raise. The Nairobi and Lagos-based investment group announced it has closed $108 million in new commitments to launch its Africa Fund II, which brings Novastar’s total capital to $200 million. With the additional resources, the firm plans to make 12 to 14 investments across the continent, according to Managing Director Steve Beck. He spoke to TechCrunch on Novastar Ventures’ plans for the new fund. A notable update to Novastar’s VC focus is geographic scope. The firm was originally co-founded in Kenya by Beck and British investor Andrew Carruthers and built its first portfolio largely around companies based in East Africa. Novastar Ventures made 15 investments with its first fund, including companies such as Uganda and Kenya-focused energy startup SolarNow and agtech venture M-Farm. “The second fund is basically the same strategy as the first, but…the biggest difference is that we opened up a second front in West Africa — more particularly to be in and around the entrepreneurial system in Lagos,” Beck told TechCrunch on a call. Before closing its Africa Fund II, Novastar Ventures had already made several investments in West Africa, including le...

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