Odogwu ‘Dozy’ Mmobuosi Banye, tech entrepreneur and co-CEO at Tingo (an African-focused agritech startup listed on the US stock exchange), has temporarily stepped down following fraud charges filed against him by the US Securities and Exchange Commission (SEC). The company publicly announced this decision on Thursday, December 21, 2023. According to statement released by Tingo: “By mutual agreement with the Company’s Board of Directors, Mmobuosi will remain stood down until cleared of the allegations made against him.” Tingo’s other co-CEO, Ken Denos, will serve as its interim group CEO until further notice. Mmobuosi, in addition to three other US-based entities…
Author: Admin
Anchor, a Banking-as-a-Service company that provides the complete infrastructure and tools needed for African businesses to build, embed and launch compliant financial products in minutes. has released an end-of-year review highlighting its key achievements over a year after its launch. In 2023, Anchor processed over ₦400 Billion ($450 million) in transaction volume enabling 60+ live customers who depend on Anchor’s APIs to power services across fintech, HR, logistics, e-commerce and many more industries Segun Adeyemi (Founder & CEO, Anchor) Currently, Anchor offers several APIs for fintechs allowing them to operate virtual accounts, conduct seamless KYC/KYB, issue virtual cards, set up savings & credit services,…
Somachi Chris-Asoluka (CEO, The Tony Elumelu Foundation) Applications are now open for the 2024 Tony Elumelu Foundation Entrepreneurship Programme, targetted at African Entrepreneurs. TEF – Africa’s leading philanthropy focused onempowering African entrepreneurs – is looking for the most innoverhine business ideas across the African continent. The TEF Entrepreneurship Programme is open to entrepreneurs across Africa, either with new startup ideas or existing businesses that have been in operation for less than three years, operating in any sector. Successful applicants will join the over 9,000 current beneficiaries from 54 African countries, and receive business training, mentoring, a non-refundable $5,000 of seed…
Shalom Lloyd (Founder, Naturally Tiwa Skincare) Shalom Lloyd, Founder of personal care brand, Naturally Tiwa Skincare has received a Member of the Order of the British Empire (MBE) award – the third highest ranking Order of the British Empire awards (excluding a knighthood/ damehood), behind CBE and then OBE. Ms. Lloyd made His Majesty the King’s New Year Honours List in recognition of ‘Services to International Trade and Women in Business’. The Naturally Tiwa product range creates all-natural skincare products for the whole family, which include nourishing body foods, scrubs and beard oils that contain only high-grade natural ingredients that…
🎥 @chimamanda_adichie ‘Mama’s Sleeping Scarf.’ the latest book from the stables of prolific and super-engaging writer, Chimamanda Adichie, has just been launched, in Lagos-Nigeria. This is the writer’s first children’s book. World-leading book Publisher, Harper Collins describes the publication: “Running with Mama’s scarf, Chino weaves together little incidentals of home life into a glorious celebration of the power of a mother-daughter relationship, and the gentle joys that build a perfect day. A joyful exploration of family life, written by one of the most outstanding contemporary authors of our generation, @chimamanda_adichie and illustrated by an exciting rising star @joelle_avelino Celebrating the launch of…
Justin Welsh 📸 Justin Welsh (self-described as ‘the diversified solopreneur, building his one-person business to $5M in revenue’) has just shared his eight best guesses on the creator economy headed into 2024:1. Top performers across the board will recognize an opportunity to make more money and have a much larger impact building their own brand & business than working for someone else. This will accelerate rapidly in 2024.2. At the same time, many people who have been spinning their wheels as creators for a few years (and failing) will give up and ditch social media altogether for mental health improvement.3.…
Nigerian, Zed Etentuk (Founder, Zed Grills), has broken the Guinness World Record for the longest barbeque marathon by an individual. Etentuk grilled for 90 straight hours, beating the previous record held by Jan Greef who had achieved 80 hours of barbequing, in partnership with Char-Broil, LLC. Greef’s record took place in Columbus, Georgia (USA), in April 2014, and was dedicated to raising funds for the Juvenile Diabetes Research Foundation. As at the time of this report, Etentuk had hit the 94-hour mark.
Eleora Ogundare (Founder, Eleora Beauty) 📸 Eleorabeauty.com Eleora Ogundare founded Eleora Beauty Inc. in response to the health challenges she was faced with. Born with sickle cell anemia, Eleora went through an excruciating stem cell transplant, as well as chemotherapy, which caused her to lose her hair. Despite successful intervention for her illness, having to live with hair loss caused Eleora’s self-confidence to plummet. But she dug deep, and instead decided to turn her challenges into action that would benefit anyone suffering the same dilemma as she had. 🎥 @eleorabautyinc With the help of her mother, she created the Eleora Beauty,…
Mohamed Gawish (Founder & CEO, iSchool) iSchool, an Egyptian startup that teaches programming to children of elementary to high school age, has secured $4.5m in a funding round led by Capital Ventures Wave, an Irish venture capital firm. The round also included UK Capital OneStop, Webit Network Investment, and Capital Oraseya, the investment arm of Dubai’s Integrated Economic Zone Authority. Team iSchool Founder & CEO of iSchool, Mohamed Gawish, said in a Facebook post that the funding will enable iSchool expand into six new markets in the Middle East and North Africa, as well as to scale up its technology…
Ejiro Akpokodje (Founder, Drister) 📸 EjiroAkpokodje Ejiro Akpokodje is an international student in the UK who has first-hand experience of the challenges faced by migrants and foreign students when it comes to accessing credit. He says: “It’s a common hurdle: you arrive in a new country, eager to establish yourself, only to find that your lack of local credit history forms a barrier to essential financial services”. And Ejiro is actively tackling the problem. He has just announced the early stages of his startup Drister, whose objective is to provide a solution that ensures students from around the world as well…