Tag: nigeria

Nigeria Leads Africa’s Mobile Subscription Growth

Nigeria Leads Africa’s Mobile Subscription Growth

Internet, Mobile
With about three million new mobile subscribers added to Nigeria in quarter one (Q1), 2017, the country has led Africa to fresh nine million subscriptions, reaching a total of 985 million. The latest Ericsson Mobility report indicates that Africa has seen a major growth of new mobile subscriptions with 9 million Africans joining services in the first quarter of 2017.  This rise has seen the total number of mobile subscriptions on the continent to 985 million edging ever closer to the 1 billion milestone. These figures see the African continent become fourth fastest growing market world wide. The report said the industry has taken major steps to progress network, which has been facilitated by major investments. While Nigeria added three million new subscriptions in Q1, India added
$40m of Opera ’s $100m investment in Africa to go Nigeria

$40m of Opera ’s $100m investment in Africa to go Nigeria

Internet, Mobile
Opera Mini management is  set to invest $100 million in Africa over the next two years to facilitate the growth of African digital economy. According to the World Economic Forum, connectivity still trails behind the world at 21%, compared to 43% achieved elsewhere.  Hence, the majority of Africans still lack the basic skills that can enable them to take part in the digital economy. Hence the immediate need to provide all citizens with access to online tools and content for learning and doing business. Surprisingly, Nigeria is expected to get between $30 million and $40 million of the investment within the period. The impact of this investment would be seen in the rise of Internet adoption in Nigeria and other part of Africa and it is expected to strengthen the continent’s online ecosyste
DCA Trust Announces AboCoders, Nigeria as the Winner of Miss.Africa Seed Fund Grand Prize

DCA Trust Announces AboCoders, Nigeria as the Winner of Miss.Africa Seed Fund Grand Prize

Women
DotConnectAfrica's women in tech digital program, Miss.Africa has announced the winners of the second round of Miss.Africa Seed Fund. The Miss.Africa Seed Fund Competition,  which is open to all tech start-ups currently supporting women and girls in STEM,  provides a total of $7000 seed funding to aspiring techpreneurs. The 2016/17 competition drew over 200 applications from 24 countries across Africa, all of whom had the opportunity to attend showcase their tech ideas & concepts to match up with the fund criteria. Of the many startups that opted to pitch their ideas, 3 finalist were selected. Cash awards includes $5,000 in seed funding for first-place winner and  $1,000 seed fund for the geographic/country category. Abo Coders, Nigeria won the grand prize of Five Thousand Uni
Uber cuts price by 40% in Lagos

Uber cuts price by 40% in Lagos

Technology
Uber Nigeria has dropped rates on UberX in Lagos by up to 40%, to offer an affordable and convenient option for Nigerians to move around. Speaking about the increase, Alon Lits, General Manager at Uber Sub-Saharan Africa said: “We always consider driver economics in each city that they operate in and after years of experience, what we‘ve seen in cities across the world is that lower fares mean greater demand, lower pickup times and more trips per hour — increasing earning potential and creating better economics for drivers.” This means that not only will riders pay less for their trips but driver-partners will earn more through increased demand. According to the company, “Riders can expect the same quality experience at a more affordable price and driver-partners should also earn th
Nigeria’s Digital economy to create over 3M jobs

Nigeria’s Digital economy to create over 3M jobs

Technology
Financial services within Nigeria’s digital economy could add US$88 billion and create over 3 million new jobs over the next 10 years. This is according to Minister of Industry, Trade and Investment who says the ministry is already developing the “Smart Nigeria Digital Economy Project” and that the objective is to solve efficiency problems and create leapfrog opportunities in the economy, improve competitiveness and foster technology development and innovation more generally. Th eSmart Nigeria Digital Economy Project is Nigeria’s response to an area of intense economic and technological activity by Nigerian youths, where there is a growing pool of talent, he stated. “It is a sector of the economy where the private sector already has ownership. The Minister also shared the fact that ther