Author: Akin Naphtal

Tech focused magazine, TechBerg, has unveiled Olatomiwa Williams, the Country Manager of Microsoft – Nigeria & Ghana, as its Tech personality of the week. An award-winning personality with over 20 years’ experience in Information Technology solution sales, consulting, channel and people management. Olatomiwa is currently the country manager of Microsoft in Nigeria & Ghana. She joined Microsoft in 2010 and has held several positions such as Partner Technology Manager, Dynamics Partner Sales Executive and Account Technology Strategist. Prior to her appointment as the country manager, she was the Director of Microsoft Cloud and Digital transformation Solutions Middle East and Africa…

Accelerex Holdings has announced that its Nigerian subsidiary, Global Accelerex Limited, has registered a N20bn bond program, and successfully issued a 5-year senior unsecured bond of N2.3bn via a special purpose vehicle (Accelerex Funding SPV PLC). FBN Quest Limited, Renaissance Securities Limited, Greenwich Merchant Bank Limited and Nova Bank Limited acted as Arrangers. The Bond is rated BBB+ (Stable Outlook) by Global Credit Ratings (GCR) and Bbb+ (Stable Outlook) by Agusto & Co. and is listed on the FMDQ Exchange. The issuance attracted participation from a broad array of institutional investors, including local pension funds, insurance companies and asset managers.…

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, today announced that the current Group Chief Executive Officer, Ade Ayeyemi, will retire after he attains the age of 60, in accordance with ETI policy. The Board of Directors selected Jeremy Awori to succeed Ade Ayeyemi as Group Chief Executive Officer. The relevant effective dates will be communicated in due course. Alain Nkontchou, Ecobank Group Chairman, thanked Ade for his immense contribution during his seven years at the helm of the Ecobank Group as Group CEO. He added that, “Ade can be rightly proud of his success in leading…

Africa Data Centre , the largest network of interconnected, carrier- and cloud-neutral data centre facilities in Africa, and part of the Cassava Technologies group, has taken a significant step forward in its widescale expansion into Africa (https://bit.ly/3DlgNb4) by joining forces with Nigeria’s principle internet exchange point: IXPN. “IXPN is unquestionably the leading internet exchange point in Nigeria and provides Africa Data Centre with the connectivity it needs to give customers market-leading service,” says Dr Angus Hay – Africa Data Centres group executive: IT & partnerships. “The partnership will enable Nigerian entities to migrate their systems into a world-class data centre…

Yellow Card Financial, the fastest growing cryptocurrency company on the continent, celebrates exceeding 1 million customers in only three years.  The pioneering pan-African company reached 1 million customers in March and shows no signs of slowing down. Since launching in Nigeria in 2019, Yellow Card has dedicated its efforts to providing financial inclusion and freedom for all Africans. The company expanded into four new African territories in the last year alone, increasing its total country presence to 16. John Colson, Chief Marketing Officer at Yellow Card, says this achievement no doubt strengthens the company’s brand on the continent and trust…

Leading provider of carrier-neutral data centre services, Medallion Data Centres, announced the appointment of an award-winning financial expert, Dr. Oluseyi Olanrewaju as its new Chief Financial Officer. An astute, diligent, value-driven finance professional, with over 20 years progressive experience from global multi-billion-dollar companies, Olarewaju brings onboard Medallion Data Centres resourceful experience with proven track record of success. Prior to his appointment, Oluseyi was once the Executive Director Finance, Board member, and Chief Financial Officer (CFO) at Vodacom Business Africa (Nigeria). He is currently a member, Governing Council of The Institute of Chartered Accountants of Nigeria He has held various senior…

The Ghana-based PEG Africa, one of the largest providers of distributed energy in West Africa, has been acquired by Bboxx in a deal that cements the latter’s position as the leading super platform for essential products and services in Africa. PEG is a solar energy leader in West Africa and has one of the broadest footprints in the region with operations in four countries, close to 100 service centres and over 500 employees. Bboxx, meanwhile, has to date provided more than 2.5 million people with access to clean energy and other products. Following the acquisition of PEG, Bboxx will have…

Egyptian ed-tech startup Emonovo, formerly known as MARJ3, has raised a bridge round of funding as it refocuses its efforts and aims to reach more students. Founded by Abdo Samy, Sami Al-Ahmad and Ahmed Elgebaly in July 2016, Emonovo began life as MARJ3, a comprehensive database for educational opportunities worldwide for Arab youth. Within a year, it obtained pre-seed funding from Flat6Labs’ FAC Egypt Fund, and in 2020 it obtained new investment from US-based investor Expert Dojo. Earlier this year, the startup decided to support students throughout their educational journey, shifting from scholarships to the university-student matching arena, rebranding as…

Zai, the global financial technology company delivering embedded finance orchestration solutions, has announced a partnership with TerraPay, a leading global payments infrastructure company. This partnership enhances both companies’ ability to scale their offerings and deliver real-time, transparent cross-border payments globally. Zai supports businesses across a wide range of industries internationally – from fintechs to property technology companies – in simplifying, streamlining, and scaling complex payment workflows. Its sister brand, CurrencyFair, is a cross-border currency exchange platform offering competitive rates, fast, reliable transfers, and excellent customer service. This partnership bolsters both Zai and CurrencyFair’s product suite, with better coverage across the…

Mesh Payments, the finance automation platform for companies, has raised $60 million in a Series C funding round led by Alpha Wave. Tiger Global, TLV Partners, Entreé Capital, and Meron Capital joined the round, which brings Mesh’s total funding to $123 million. Mesh promises to make legacy corporate cards obsolete with its insight-driven automation platform that gives finance managers more granular control over their spend. The platform helps finance teams automate, control, and optimise their corporate spend — from travel and expense to SaaS subscriptions, and offers the industry’s only numberless Visa physical card that syncs with virtual cards. Mesh…