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Home Blog Page 7544

The UK loses its AAA credit rating

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In a major aftershock to last week’s Brexit referendum, Standard & Poor’s and Fitch downgraded the UK to AA. Meanwhile, prime minister David Cameron and former London mayor Boris Johnson each said they hope the UK can still participate (paywall) in the EU’s common market.

 

The list of global fintech companies, their valuations and money raised

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Last year investors poured $19 billion into finance startups, up from less than $2 billion five years before. In March, research firm Venture Scanner said it was tracking 1,379 fintech companies, with combined funding of $33 billion. The opportunity for the startups is huge. Revenue in the North American consumer-banking business alone was $850 billion in 2015. It’s projected to grow nearly 50% over the next seven years, to more than $1.2 trillion.

Find below the roll call, courtesy of Fortune Magazine.

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Masters Energy’s Uche Ogah is on path to be the new Governor of Abia State

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Justice Okon Abang of the Federal High Court in Abuja has asked the Independent National Electoral Commission of Nigeria to cede the certificate of return to the opponent of Governor Okezie Ikpeazu of Abia state as he was never qualified to run for the party primaries in the People’s Democratic party as a guber candidate.

 The judge also ordered the Chief Judge of the state to swear in, Uche Ogah, his opponent in the Decmeber 2014 gubernatorial election in state as the substantive governor of Abia state. the judge ruled that on the account of fake tax returns during the primaries, Dr. Ikpeazu was never qualified to run in the primaries.

Dr. Ikpeazu will likely appeal.

 

List of 36 Nigerian startups selected for SpeedUPAfrica in Silicon Valley

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DraperDarkFlow has chosen 93 startups from 16 countries to take part in its US$1 million SpeedUPAfrica bootcamp next month,. The following are the Nigerian companies.

Nigerian startups lead the way, with 36 selected, including hotel-booking portal, Hotels.ng, schools platformVeriCampus, online printing startup Printivo, music download siteMyMusic.com.ng, mobile gaming startupMaliyo Games, on-demand artisans startupWesabi, fashion company YVKDESIGN, advertising startup Dochase Ad exchange, food marketplace Foodstantly, social learning platform Geniuses, and content production company Rushing Tap.

 

Online experts directory Nigeria Experts, cloud-based PoS software Bazar NG, restaurant discovery platformChowHub, delivery app Jalo, video advertising network Rubiqube Ad Network, e-commerce store for building materials frakem.com and agritech startupFarmers.ng are also on the list.

 

Also selected from Nigeria are HRM solution Talentbase, event networking app Eventlinq, Wi-Fi company NURLUX, augmented reality app CamBuy, local goods marketplacecokodeal.com, travel app Go, chatbot SpellAfrica, and crowd-sourced errand running service DropBuddies will also attend.

Zenvus Smartfarm invited to Aso Villa Demo Day

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Aso Villa Demo Day aims to promote entrepreneurship, innovation and economic growth through new and emerging technology. Our new product, Zenvus Smartfarm, on the strength of it has gotten First Atlantic Semiconductors & Microelectronics an invitation. We will present tomorrow in Lagos.

Zenvus is the AgTech business of Nigeria-based First Atlantic Semiconductors & Microelectronics Ltd (FASMICRO). FASMICRO has been recognized as Africa’s leading electronics design firm.

The mission of Zenvus is to eliminate extreme poverty in emerging world especially Africa by improving crop yield and overall farming productivity. It brings the fusion of electronics and analytics to empower farmers.