LG InstaView Refrigerator: Innovative Features for Freshness, Hygiene, and Health

The launch of the LG InstaView refrigerator introduced a new era in home refrigeration, combining advanced technology, exceptional energy efficiency, and unmatched convenience to transform how households interact with their appliances. The LG InstaView Door-in-Door Refrigerator does more than just keep food fresh. It's a perfect mix of modern technology and everyday usefulness, taking cooking to a whole new level of sophistication and ease.

Crypto Market Cap Dips to $2.32 Trillion as Prices Ease

The global cryptocurrency market capitalisation dipped by 0.15%, settling at $2.32 trillion amidst softening asset prices. Increased sell pressure has impacted smaller coins, while the overall 24-hour trading volume fell by 3.20%, reaching $80.5 billion, according to CoinMarketCap data.

Disney to Announce Bob Iger's Successor as CEO by Early 2026

Disney has announced plans to name a new CEO to succeed Bob Iger by early 2026. The entertainment giant revealed that former Morgan Stanley CEO, James Gorman, who recently joined Disney's board, will serve as chairman and lead the search for Iger’s replacement.

Publicis Groupe Shines at the 2024 Loeries Awards

Publicis Groupe Middle East and Africa (MEA) has been named the 2024 Regional Agency Group of the Year at the prestigious Loeries, highlighting its dominance in the advertising industry. The award celebrates the agency's innovation and creative excellence across multiple regions, solidifying its leadership in the sector.

Nigeria Aims for Election to IMO Council as Maritime Leader

Nigeria has officially declared its intention to seek election into Category "C" of the International Maritime Organization (IMO) Council, signalling its growing influence in global maritime affairs. Minister of Marine and Blue Economy, Adegboyega Oyetola, made the announcement during the 2024 World Maritime Day event in Barcelona, Spain.

Equinix Completes MainOne Integration, Strengthening Its Nigerian Data Center Footprint

Equinix, a leading global data center and colocation service provider, has successfully completed the integration of Nigerian connectivity company MainOne, two years after a $320 million acquisition in 2022. The move solidifies Equinix's strategic position in Nigeria’s rapidly growing data center market.

LG WashTower: A High-Performance, Space-Saving Laundry Solution with Advanced Features

As global demand grows for sustainable living, energy efficiency, and minimalist design, companies are reshaping their product offerings to stay competitive and meet consumer expectations. At the forefront of this shift in the home appliance market is LG Electronics with its cutting-edge WashTower - a high-performance, space-saving laundry solution designed for today's urban households.

Nigeria Unveils Initiative to Boost Oil Production to Over 1.6 Million Barrels Per Day via Alternative Funding

Nigeria has launched the Project 1MMBOPD Initiative, aimed at developing alternative funding mechanisms to significantly increase oil production in the short-to-medium term. The initiative is designed to unlock new opportunities for all industry stakeholders.

Afreximbank Co-Leads Ecobank’s Successful $400 Million Senior Unsecured Note Issuance

The African Export-Import Bank (Afreximbank) has announced its role as Joint Lead Manager and Bookrunner in Ecobank Transnational Incorporated’s (ETI) $400 million senior unsecured note issuance. The notes, carrying a 10.125% interest rate, are set to mature in October 2029 under Rule 144A/Reg S.

Stripe Finalizes $1.1 Billion Acquisition of Stablecoin Platform Bridge in Historic Deal

Stripe, the leading payments company, has officially acquired stablecoin platform Bridge in a record-breaking $1.1 billion transaction, making it the largest acquisition in the cryptocurrency industry to date. The news was confirmed by TechCrunch founder Michael Arrington via a tweet on October 20, 2024, stating, "This deal is done. $1.1b."

Japan and African Development Bank Mark 30 Years of Strategic Partnership Through Japan-Backed Trust Fund

The African Development Bank Group (AfDB) has marked the 30th anniversary of the Policy and Human Resource Development Grant (PHRDG), a Japan-backed bilateral trust fund established in 1994. The fund has played a pivotal role in Africa’s development, supporting over 100 transformative projects aimed at bolstering human capital across the continent.

Mobile World Congress Kigali 2024 to Highlight Connectivity’s Role in Africa’s Socio-Economic Growth

The Mobile World Congress (MWC) organised by the Global System for Mobile Communications Association (GSMA) is set to return to the Kigali Convention Center from October 29-31, 2024, as Africa’s premier connectivity event. Bringing together innovators and political leaders, the event will focus on advancing the digital economy and fostering socio-economic development across the continent.

Vantage Capital Secures €66M Investment Deal with Camusat to Drive Telecom Expansion and Sustainability in Africa

Vantage Capital, Africa’s largest mezzanine fund manager, has announced the completion of a €66 million mezzanine investment in Camusat Holding S.A.S. The investment will help refinance debt and support the expansion of Camusat's AktivCo division, which focuses on infrastructure for mobile network operators (MNOs). This deal is part of a larger €81 million financing package, which includes contributions from Eurazeo, a leading European investment group.

Yellow Card Secures $33M in Series C Funding Led by Blockchain Capital to Drive Expansion Across Africa

Yellow Card, the pioneering stablecoin platform and the first to be licensed in Africa, has successfully raised $33 million in a Series C funding round. This equity round was led by Blockchain Capital, with notable participation from investors such as Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital.

First Judges Announced for WARC Awards Middle East & Africa 2025

WARC, the global leader in marketing effectiveness, has unveiled the first group of judges for the 2025 WARC Awards for Middle East & Africa, in partnership with LIONS. The prestigious awards celebrate the region's most effective and strategic marketing campaigns that have driven significant business growth.

Redefining the Disconnect in Strategic Communication between the Nigerian Government and the People

By Dr. Omolaraeni Olaosebikan

The relationship between the government and the governed is pivotal for the progress and growth of any society. When the government fails to effectively communicate its policies, programs, and initiatives to the citizens, it only deepens the distrust and disconnect between them.

Adidas Raises Revenue Forecast After Strong Q3 Performance

Adidas has increased its revenue projections for 2024 following a robust third quarter, with revenues rising 7% year-on-year to €6.44 billion (US$7.02 billion). 

CBN Signs New Code to Boost Financial Inclusion for Women Entrepreneurs

The Central Bank of Nigeria (CBN) has introduced a new code to enhance financing opportunities for women entrepreneurs, a step aimed at advancing financial inclusion across the country. Speaking during the 30th Nigeria Economic Summit (NES30) in Abuja on Wednesday, CBN Governor Mr. Yemi Cardoso emphasised the initiative’s potential to expand access to financial services for women, in partnership with the Development Bank of Nigeria and the Bank of Industry.

Jumia Exits South Africa and Tunisia to Prioritize High-Growth Markets

Jumia Technologies AG, a leading African eCommerce platform, has announced plans to cease operations in South Africa and Tunisia by the end of 2024. This strategic shift is part of the company’s broader focus on optimising resources and concentrating on markets with stronger growth potential.

VFS Global Named Exclusive Biometric Collection Provider for Australian Visa Applicants in Sub-Saharan Africa

VFS Global has been appointed by the Australian Department of Home Affairs to roll out biometric collection centres across Sub-Saharan Africa. This appointment solidifies VFS Global’s role as the exclusive provider of biometric services for Australian visa applicants in all nine global regions, including the Americas, Europe, Mekong, Middle East and North Africa, Pacific, South Asia, Southeast Asia, North Asia, and now Sub-Saharan Africa.

Moono Mupotola Becomes New Deputy Director General of Southern Africa at African Development Bank Group

The African Development Bank Group (AfDB) has appointed Moono Mupotola as the new Deputy Director General for its Southern Africa Regional Development, Integration, and Business Delivery Office. Her appointment takes effect on 16th October 2024.

AREWA24 Expands to Four New West African Markets Through Canal+ Partnership

AREWA24, the leading 24-hour Hausa-language entertainment and lifestyle channel in West Africa, has announced a major broadcast expansion into four new countries: Benin, Burkina Faso, Mali, and Togo. The expansion was made possible through a strategic partnership with CANAL+ International, with AREWA24 now available on CANAL+ Channel 297.

IHS Towers to Restore NCC Innovation Park in Kano – Minister Bosun Tijani

In a major step toward revitalizing Nigeria's digital infrastructure, Dr. Bosun Tijani, the Minister of Communication, Innovation, and Digital Economy, has revealed that IHS Towers, a leading telecommunications infrastructure company, has committed to rebuilding the Nigerian Communications Commission (NCC) Innovation Park in Kano. The facility, which was looted and vandalized during the August 1, 2024 '#EndBadGovernance' protests, plays a vital role in enhancing Nigeria's standing in the global digital economy.

AVCA’s Sustainable Investing Summit Spurs Action on Mobilising Private Capital for Africa’s Growth

The African Private Capital Association (AVCA) hosted its third Sustainable Investing in Africa Summit (SIAS), bringing together over 150 global leaders, investors, and change agents to ignite discussions on advancing sustainable investment across the continent. The one-day summit explored innovative approaches to mobilising local and global capital, pushing for immediate action on climate change and inclusive growth in Africa.

Africa's Renewable Energy Push Gains Momentum at Nairobi Investment Forum

The Accelerated Partnership for Renewables in Africa (APRA) has launched its inaugural Investment Forum in Nairobi, bringing together ministers, investors, developers, and financial institutions to advance the continent’s renewable energy landscape. The forum aims to build a strong pipeline of projects and unlock large-scale investments, accelerating Africa’s energy transition while promoting the development of green industries.

9mobile Amplifies Mental Health Awareness with Successful X-space Event

In its ongoing commitment to raising awareness about mental health, 9mobile hosted a virtual X-space event titled "Navigating Mental Health in a Digital World," in observance of World Mental Health Day. The event spotlighted this year's theme, "Mental Health at Work," emphasising the need for accessible mental health care for all.

APRA and PRCA Launch Fourth Annual Study on Africa's PR Industry

The African Public Relations Association (APRA) and the Public Relations and Communications Association (PRCA Africa) have announced the release of their fourth annual study, marking the third year of collaboration between the two organisations. Conducted by Reputation Matters, the 2024 research explores the evolving landscape of PR and Communications across the African continent.

Former Nokia CEO Rajeev Suri Appointed Chairman of M-KOPA’s Board

M-KOPA, a pioneering Kenyan fintech company providing financing for smartphones and solar energy systems, has appointed Rajeev Suri, former CEO of Nokia, as its new Chairman of the Board. Suri will assume the position on December 1, 2024, succeeding Elizabeth Littlefield.

Apple's Product Launch: What to Expect from Macs and More this October

Apple is gearing up for another major event this October 2024, and this time the spotlight is on Macs. After a September iPhone showcase, the focus now shifts to the highly anticipated Apple Silicon M4-powered Macs. Rumours suggest refreshed versions of the iMac, MacBook Pro, and Mac Mini, with a possible update to the iPad Mini as well.

Arla Showcases Advanced Dairy Production and Sustainable Farming at Kaduna Open Day

...Event highlights cutting-edge techniques and collaboration to boost Nigeria's dairy industry

Arla Foods, a farmer-owned dairy co-operative, recently hosted its first-ever Arla-Damau Open Day at the Arla Farm in Damau, Kaduna, bringing together key industry players to promote the advancement of local dairy production in Nigeria.

 

ALX Nigeria Empowers Over 90 Young Girls on International Day of the Girl Child

In celebration of the International Day of the Girl Child, ALX Nigeria, a prominent tech accelerator, hosted an inspiring event at its Lagos hub, welcoming more than 90 young girls. Themed "Girls' Vision for the Future," the event aimed to ignite ambition by exposing girls to opportunities within the digital economy, enhancing leadership abilities, and providing access to meaningful mentorship.

Visa Unveils New Airport Companion App to Elevate Global Travel Experience

Visa, a leader in digital payments, has introduced the Visa Airport Companion (VAC) app, a cutting-edge solution for airport lounge access and travel services, now available to eligible Visa cardholders in Nigeria. Partnering with DragonPass, the app will replace previous lounge access programs starting October 1, 2024.

WPP Forms Global Alliance with Roblox to Expand Immersive Media Expertise

WPP has unveiled a global partnership with Roblox, the renowned immersive gaming and creation platform, marking a significant step forward in their years of collaboration on 3D interactive brand content and advertising. This alliance aims to empower agency teams and brands in utilizing Roblox as a powerful new media channel.

Seven TikTok Tools to Support Your Mental Well-Being

As mental health challenges continue to rise globally, about half of all disorders develop before age 14, with 75% emerging by 25, according to research shared by TikTok. In sub-Saharan Africa, adolescents are particularly vulnerable, with 14.3% of children experiencing serious psychological difficulties. Yet, across the continent, mental health literacy is low, and stigma prevents many from seeking the support they need.

Genesis Energy and BPA Komani Forge Strategic Alliance to Boost Clean Energy Initiatives in Africa

Genesis Energy and Power Limited (GENESIS), a prominent energy infrastructure developer, and BPA Komani Ltd (KOMANI), a leading clean energy company focused on Africa, have announced a strategic partnership to accelerate the continent's clean energy transition.

Nigeria Proposes Bill Requiring Tax ID for Banking and Financial Services

A new bill proposed in Nigeria seeks to mandate the use of Tax Identification Numbers (TIN) for individuals engaging in banking, insurance, stockbroking, and other financial services. 

Zoom to Launch Custom AI Avatars to Boost Remote Work Productivity

Zoom is preparing to unveil a cutting-edge feature that allows users to create custom AI avatars, a key step in the company's ongoing AI expansion. Set for release in early 2025, this innovation aims to transform virtual communication by offering users personalized digital versions of themselves.

Senate Confirms Lawal as NSIPA National Coordinator, Prof. Saleh as NAHCON Chairman

The Nigerian Senate has confirmed Dr. Badamasi Lawal as the National Coordinator and Chief Executive Officer of the National Social Investment Programme Agency (NSIPA). His confirmation followed the adoption of a report by the Senate Committee on Poverty Alleviation and Social Investments during a plenary session on Thursday.

Ghana Launches ECOWAS Free Roaming Services with Togo and Benin

Ghana’s Ministry of Communications and Digitalisation has officially launched the ECOWAS Free Roaming initiative, now extending to neighboring Togo and Benin. This marks a significant expansion of the regional service, which began with Ghana and Côte d’Ivoire.

CBN to Raise N300 Billion in OMO Auction, Spot Rates Expected to Climb

The Central Bank of Nigeria (CBN) is set to raise N300 billion through an Open Market Operation (OMO) auction across standard maturities, with analysts forecasting a rise in spot rates. This follows the CBN's recent benchmark interest rate hike aimed at curbing Nigeria’s persistently high inflation.

Tesla Unveils Cybercab: Elon Musk's Vision for Autonomous Ride-Hailing

Tesla CEO Elon Musk has once again disrupted the automotive industry with the unveiling of the Cybercab, a fully autonomous two-door robotaxi with a sleek, compact design reminiscent of the Cybertruck. The highly anticipated event, dubbed “We, Robot,” took place at the Warner Bros. Discovery studio in California, showcasing Musk’s vision for the future of urban transport.

Career Digest Set to Unveil Skills Development Reform Agenda at UNILAG

...Calls for Stakeholders Support

Preparations are in full swing for the unveiling of the 21st Century Skills Roadmap (21st CSR), a pivotal two-day event set to take place at the University of Lagos (UNILAG) from Thursday, November 14th to Friday, November 15th. Organised by Career Digest (CD) Limited, a social business enterprise, in partnership with key stakeholders in the education sector, the event will address the long-standing skills gap between educational institutions and the workforce in Nigeria and parts of Africa. CD aims to present concrete solutions to this persistent challenge, which has hindered workforce development for decades.

Moonshot 2024: African Leaders Call For Strategic Collaborations to Elevate Africa's Role in the Global Digital Economy

African leaders have called for enhanced strategic partnerships with the private sector to bolster the continent's position in the global digital economy. Delegates from Nigeria, Ghana, Sierra Leone, and Mauritania at the second annual Moonshot by TechCabal conference held in Nigeria, made this appeal during a high-level pan-African Ministerial panel session on September 9th, the first day of the technology conference organized by TechCabal, a prominent ecosystem convener in Africa.

N1.3bn Fraud Case: FG Requests Arrest Warrant for Dana Air MD, Ranesh

The Federal Government has requested a Federal High Court in Abuja to issue a bench warrant for the arrest of Dana Air Managing Director, Mr. Hathiramani Ranesh, over his failure to appear in court for arraignment in an alleged N1.3 billion fraud case.

Rising Petrol Prices to Drive Up Transport Costs, Inflation, and Harm SMEs – NACCIMA

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has raised concerns over the recent surge in petrol prices in Lagos and Abuja. The association warns that the sharp increases, with prices now at N998 and N1,030 per litre, will significantly raise transportation costs, fuel inflation, and heavily strain small and medium-sized enterprises (SMEs).

Coscharis Technologies Secures $4 Billion to Boost Nigeria’s Energy Sector

Coscharis Technologies Limited, a division of the Coscharis Group, has secured a $4 billion investment to launch major power projects aimed at transforming Nigeria’s energy landscape. The funding will drive renewable energy solutions that support businesses, startups, and eventually, residential communities, aligning with the nation’s sustainability goals and reducing dependence on fossil fuels.

Canon Europe Expands Scanner Range with New imageFORMULA DR-S350NW

Canon Europe has strengthened its scanner lineup with the introduction of the imageFORMULA DR-S350NW, a compact and secure A4 desktop scanner designed for speed, efficiency, and high-quality performance. Ideal for a wide range of industries, including education, legal, healthcare, and small offices, the new scanner is user-friendly and operates without requiring a PC connection, driver, or software installation.

Guinness Nigeria Announces Leadership Changes as Tolaram Finalizes Takeover

...Appoints Girish Sharma as New MD/CEO

Guinness Nigeria Plc has officially completed the sale of Diageo’s majority shareholding to Tolaram, marking a significant change in the company's leadership and ownership structure. With all regulatory approvals in place, the transfer of Diageo’s 58.02% stake to Tolaram became effective on 30th September 2024.

Nigerian Bank CEOs and CIBN Raise Concerns Over Media Smear Campaigns Targeting Banks

The Chartered Institute of Bankers of Nigeria (CIBN) and the Body of Banks CEOs in Nigeria have expressed strong concerns over ongoing negative media campaigns directed at Nigerian banks. In a joint statement signed by Dr. Oliver Alawuba, Chairman of the Body of Banks CEOs in Nigeria, and Professor Pius Deji Olanrewaju, President of the CIBN, both entities underscored the critical role the banking industry plays in Nigeria’s economic stability and growth. 

NESG Strengthens Focus on Health and Education through Strategic Partnerships

As the 30th Nigerian Economic Summit (NES #30) approaches, scheduled for October 14-16, 2024, the Nigerian Economic Summit Group (NESG) has reaffirmed its commitment to improving Nigeria’s health and education sectors through key partnerships and collaborative efforts.