Germany’s Rocket Internet, a venture capital group that has launched dozens of online start-ups, priced its initial public stock offering in a range of 35.50 to 42.50 euros per share, valuing the company at some 6.2 billion euros ($8 billion). [Source: Reuters]
Amazon is looking to launch in the Netherlands after it emerged that the company is in negotiations with a number of Dutch publishers about selling ebooks in the country, according to a report by Financial Times.
Microsoft and GoDaddy today announced ‘Get Online Today’, a suite of services and tech tools meant to help small- and medium-sized businesses launch an Internet presence.
Whogohost has emerged the largest domain name and web hosting company in Nigeria with over 7,000 domain names hosted on its servers, according to WebHosting.Info.
E-commerce giant, Alibaba has officially become the largest public offering in history, according to a report by Reuters. With the initial public offering ranking as the world’s biggest at $25 billion, it has surpassed a previous global record set by Agricultural Bank of China Ltd in 2010, when the lender raised $22.1 billion.
Israel’s finance and economy ministries on Monday approved a plan by Intel Corp to invest $6 billion in the upgrade of its chip manufacturing plant, in what would be the largest single investment by a foreign company in the country. [Source: Reuters]
Telecommunications company, Airtel and music channel, TRACE have teamed up to launch what could become the biggest music competition in Africa, by allowing contestants to audition right from their phones for a chance to become the next big music star.
IBM today announced it has opened a new cloud resiliency center in Research Triangle Park (RTP), North Carolina. The new cloud resiliency center will provide state-of-the-art business continuity capabilities in the cloud to protect companies from potential costly disruptions. [Via: Release]
Apple Inc. said it sold a record 10 million iPhones in the first weekend after its new, larger phone models went on sale in 10 countries on Friday, reports Reuters.
Kaymu.com.ng has further expanded to mobile marketing with the launch of its mobile app. The mobile app is designed to make online shopping in Nigeria even easier and more convenient, with features that enable sellers to list products and buyers to select from a wide variety of products at a glance. The app will offer…
Playspread, a music intelligence company that deals with media monitoring and big data analytics has released a State of the Nigerian Music Industry infographic for the period May-July 2014.
A new mobile app that wants to prevent the spread of the Ebola Virus Disease has been released by CloudWare Technologies.
Mobile internet data subscribers in Nigeria now averages 65 million, according to data from the Nigerian Communications Commission as at June 2014.
Nigeria’s Minister of Communication Technology, Dr. Omobola Johnson, has called on each state of the federation to develop an ICT policy aligned to the National ICT policy. According to Johnson, the policy should articulate how the state plans to leverage ICT for socio-economic development. The Minister also said that there was a need to establish a…
As part of its drive to support new digital players and help them grow by accelerating innovation, Orange is launching its start-up accelerator programme, Orange Fab in Côte d’Ivoire.
Interswitch today announced that it has reached a deal with Paynet to combine its businesses in order to create an unrivalled payment infrastructure across the East and West Africa region.
Leading online retailer in Nigeria, JUMIA has introduced same day delivery to its customers in Lagos, exactly two years after its major competitor, Konga introduced the same delivery service. According to Nicolas Martin, JUMIA’s Managing Director in a statement, the online retailer’s goal is to give customer the best of online retail experience with its express…
IBM has announced the upcoming release of a cloud-based Watson Analytics service that promises to streamline and simplify the data-analysis process for untrained business users, reports InformationWeek.
The Massachusetts Institute of Technology (MIT) has been ranked as the world’s leading university for the third time in a row, according to the QS World University Rankings released on Monday. The rankings also revealed that tech-focused institutions such as MIT and Caltech are increasingly becoming the focal point of a global race for innovation.…
Apple Inc today announced a record number of first day pre-orders of iPhone 6 and iPhone 6 Plus, with over four million units in the first 24 hours. The company’s latest smartphones released on September 9 will be available in the US, Australia, Canada, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the UK beginning this…